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UNICO SILVER LIMITED — Capital/Financing Update 2021
Aug 30, 2021
65986_rns_2021-08-30_aeb21179-4839-485e-9752-7f0016ebd80a.pdf
Capital/Financing Update
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ASX Announcement
E2 Metals moves to 100% ownership in El Rosillo
31 August 2021
E2 Metals (E2 or the Company) is pleased to provide an update on its corporate and exploration activities in the western Rio Negro province of Argentina.
Highlights
-
As per the Exclusivity, Option and Confidentiality Agreement signed with Argentine company Valcheta Exploraciones S.A.S on 11 February 2021 ( see ASX Announcement, 27 April 2021, March 2021 Quarterly Report ), E2 has exercised the option to acquire a 100% interest in the El Rosillo project.
-
Total consideration for exercise of the option is U$75,000 cash, 312,807 ordinary E2 shares and a 1% Net Smelter Royalty (“NSR”) of which 0.75% is capped at U$1million. The shares are issued under existing capacity under ASX Listing Rule 7.1 and no shareholder approval is required.
-
El Rosillo is located in the western Rio Negro province and is host to a newly recognised intrusion related gold (“IRG”) mineralised system with surface dimensions 3km by 2km ( see ASX Announcement, 8 July 2021, Rio Negro – Target 38 Sampling Results ).
-
Results for the first surface sampling at Quila Mahuida (a separate title owned 100% by E2) have been received. The results confirm further high-grade surface gold mineralisation 12km northnorthwest of El Rosillo. Key results include
-
Surface gold mineralised structure defined over 190m strike (open to the west) ▪ 5.7gpt Au and 10.9gpt Au
-
Surface gold mineralised structure defined over 100m strike (open to the south)
- 11.1gpt Au and 6.1gpt Au
Commenting on the results, Managing Director Todd Williams states “We are pleased to formalise the Option Agreement with Valcheta Exploraciones and move to 100% ownership in El Rosillo. The Company looks forward to working with the provincial mining authority and local stakeholders to obtain permits for the next phase of exploration and drilling.
ASX Announcement
About Rio Negro
The Rio Negro Province contains the northern portion of the Somuncura Massif, a large volcanic province that is geologically similar to the Deseado Massif in Santa Cruz, but has been subject to far less modern exploration. The Somuncura Massif is host to Pan American Silver’s Navidad deposit, the largest undeveloped silver deposit in the world with over 700 million ounces of silver resources.
The Company entered Rio Negro in late 2018 when it acquired an 80% interest in the Santa Cruz portfolio and Argentine entity Minera Los Domos ( see ASX Announcement, 20 December 2018, E2 Metals to Acquire a Portfolio in the World-Class Santa Cruz Province ). The Company has since focused on the northwestern Rio Negro province where it has consolidated four districts centered on the Vista Alegre, Ofelia, Paredes and El Rosillo properties respectively.
Initial reconnaissance mapping and sampling by E2 in March 2021 ( see ASX Announcement, 27 April 2021, March 2021 Quarterly Report ) defined 12 gold mineralised prospects of possible Intrusion Related Gold (IRG) affinity over an area spanning 100km (“Comallo Gold Belt”).
==> picture [472 x 422] intentionally omitted <==
Figure 1: Western Rio Negro projects including El Rosillo
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au
1
ASX Announcement
Valcheta Exploraciones Option Agreement
To further consolidate its 100% owned Rio Negro land holding, on 11 February 2021 E2 executed an Exclusivity, Option and Confidentiality Agreement with local Argentine company Valcheta Exploraciones SA (“Valcheta”) for an option to purchase the El Rosillo mineral title (“the Agreement”).
The Agreement granted E2 6 months to conduct systematic surface exploration to determine the potential for surface discoveries for a once off cash payment of U$30,000.
Subsequent to signing the Company has completed an initial phase of systematic surface exploration at the Target 37 and Target 38 prospects within El Rosillo ( see ASX announcement, 8 July 2021, Rio Negro – Target 38 Sample Results).
The results of this work are very encouraging and define a new previously unrecognized gold mineralised system with dimensions 3km by 2km. Gold mineralisation is associated with Late Jurassic dykes, domes and stocks and is interpreted to be of Intrusion Related Gold (IRG) affinity.
The Company has exercised its right to acquire a 100% interest in the El Rosillo Project as per the terms of the Agreement. Total consideration is:
-
A once off cash payment of U$75,000
-
U$75,000 worth of ordinary E2 shares (being 312,807 E2 shares calculated using a 15 day VWAP at date of final transaction of A$0.3259 and spot US currency conversion rate of 0.7357)
-
A 1% Net Smelter Royalty (NSR), of which 0.75% is capped at US$1,000.000
The capped and uncapped NSR (“Valcheta NSR”) is extended to two applications that were acquired by E2 subsequent to signing the Agreement and fall under an Area of Interest provision.
Table 1: Mineral title subject to the Valcheta NSR
| Concession | File No. |
|---|---|
| Rosillo | 422048-M-2018 |
| Nuevo Rosillo | 46185-M-2021 |
| Efeil | 46002-M-2021 |
Quila Mahuida Sampling
Regional exploration at Quila Mahuida included 1025 composite rock chip samples (continuous rock samples incorporating all representative float and outcrop material over 20m intervals) at the T4 Prospect (“Target 4”) and 156 selective rock chip samples.
Gold assay results have been received for all samples and are shown in Tables 2.
Composite rock chip sampling at Target 4 was completed on grid lines spaced 40m apart and included a northern and southern area, both hosting outcropping granitoids overprinted by pegmatite dykes, quartz veins and stockworks.
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au 2
ASX Announcement
Sampling in the southern area has defined multiple north-west to west-northwest orientated gold mineralised structures. Key results include:
==> picture [453 x 607] intentionally omitted <==
Figure 2: Quila Mahuida – Target 4 and regional geochemistry
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au
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ASX Announcement
Surface gold mineralised structure defined over 190m strike (open to the west)
▪ 20m at 5.7gpt Au,
==> picture [107 x 10] intentionally omitted <==
Surface gold mineralised structure defined over 100m strike (open to the south)
==> picture [107 x 10] intentionally omitted <==
==> picture [100 x 11] intentionally omitted <==
Surface gold mineralised structure defined over 200m strike (open to the east)
==> picture [100 x 11] intentionally omitted <==
==> picture [100 x 10] intentionally omitted <==
Importantly, the surface gold mineralisation defined at Quila Mahuida is located 12km northnorthwest of Target 37 and Target 38 within El Rosillo and is a separate mineralised center.
Regional selective rock chip sampling has defined additional mineralised structures in the southern project area with up to 7.1gpt Au and 1.5gpt Au.
Next steps
The Company is working with the mining authority and local stakeholders to finalise permits for advanced exploration and drilling at El Rosillo. A detailed ground magnetics geophysical survey will commence shortly to map gold mineralised structures under shallow gravel cover and refine targets for drill testing once permits are received.
For enquiries please contact:
Todd Williams Managing Director M: + 61 4 2222 5211
This announcement is authorised for release to the market by the Board of Directors of E2 Metals Limited.
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au
4
ASX Announcement
Table 2: Quila Mahuida – composite rock (20m) results
| Sample ID | Lat | Long | RL (m) | Au (ppm) |
|---|---|---|---|---|
| 51523 | -41.0236 | -70.1903 | 1088 | -0.01 |
| 51522 | -41.0236 | -70.1905 | 1089 | -0.01 |
| 51521 | -41.0237 | -70.1908 | 1086.1 | -0.01 |
| 51519 | -41.0237 | -70.191 | 1086.7 | -0.01 |
| 51518 | -41.0237 | -70.1912 | 1086.7 | -0.01 |
| 51517 | -41.0238 | -70.1915 | 1087 | -0.01 |
| 51516 | -41.0238 | -70.1917 | 1085.8 | -0.01 |
| 51515 | -41.0238 | -70.1919 | 1084.5 | 3.88 |
| 51566 | -41.0244 | -70.1899 | 1073.1 | 0.01 |
| 51564 | -41.0243 | -70.1897 | 1074.1 | 0.08 |
| 51563 | -41.0243 | -70.1894 | 1071.8 | 0.02 |
| 51562 | -41.0243 | -70.1892 | 1065.6 | 0.05 |
| 51561 | -41.0243 | -70.1889 | 1062.4 | -0.01 |
| 51560 | -41.0242 | -70.1888 | 1060 | -0.01 |
| 51559 | -41.0242 | -70.1885 | 1055.3 | -0.01 |
| 51558 | -41.024 | -70.1871 | 1060.7 | -0.01 |
| 51574 | -41.0246 | -70.1917 | 1067.3 | 0.23 |
| 51573 | -41.0246 | -70.1915 | 1069.9 | -0.01 |
| 51572 | -41.0246 | -70.1913 | 1068.3 | -0.01 |
| 51571 | -41.0245 | -70.191 | 1069 | -0.01 |
| 51570 | -41.0245 | -70.1908 | 1069.7 | -0.01 |
| 51569 | -41.0245 | -70.1906 | 1075.9 | 0.01 |
| 51568 | -41.0244 | -70.1904 | 1073.8 | 0.01 |
| 51567 | -41.0244 | -70.1901 | 1074 | 0.01 |
| 51548 | -41.0228 | -70.1837 | 1113.9 | -0.01 |
| 51547 | -41.0229 | -70.1839 | 1110.1 | -0.01 |
| 51546 | -41.0229 | -70.1842 | 1108.3 | -0.01 |
| 51545 | -41.0229 | -70.1844 | 1105.5 | -0.01 |
| 51544 | -41.0229 | -70.1846 | 1106.4 | -0.01 |
| 51543 | -41.023 | -70.1849 | 1105.1 | -0.01 |
| 51542 | -41.023 | -70.1851 | 1104.8 | -0.01 |
| 51541 | -41.023 | -70.1853 | 1104.7 | -0.01 |
| 51557 | -41.024 | -70.1868 | 1064.2 | -0.01 |
| 51556 | -41.024 | -70.1866 | 1065.1 | -0.01 |
| 51555 | -41.0241 | -70.187 | 1056.3 | -0.01 |
| 51554 | -41.0227 | -70.1825 | 1117.6 | -0.01 |
| 51553 | -41.0227 | -70.1828 | 1119.3 | -0.01 |
| 51552 | -41.0227 | -70.183 | 1121.5 | -0.01 |
| 51551 | -41.0228 | -70.1832 | 1121.9 | -0.01 |
| 51549 | -41.0228 | -70.1835 | 1119 | -0.01 |
| 51463 | -41.0234 | -70.1953 | 1079 | -0.01 |
| 51462 | -41.0234 | -70.195 | 1080 | -0.01 |
| 51461 | -41.0234 | -70.1948 | 1079.8 | -0.01 |
| 51459 | -41.0234 | -70.1946 | 1080.6 | -0.01 |
| 51458 | -41.0233 | -70.1943 | 1081 | 0.02 |
| 51457 | -41.0233 | -70.1941 | 1086.9 | -0.01 |
| 51456 | -41.0233 | -70.1939 | 1088.8 | -0.01 |
| 51455 | -41.0232 | -70.1936 | 1090 | -0.01 |
| 51471 | -41.0237 | -70.1971 | 1065.8 | -0.01 |
| 51470 | -41.0236 | -70.1968 | 1067.8 | -0.01 |
| 51469 | -41.0236 | -70.1966 | 1071.3 | -0.01 |
| 51468 | -41.0236 | -70.1964 | 1070.4 | -0.01 |
| 51467 | -41.0235 | -70.1962 | 1068.9 | -0.01 |
| 51466 | -41.0235 | -70.1959 | 1072.5 | -0.01 |
| 51465 | -41.0235 | -70.1957 | 1074.7 | -0.01 |
| 51464 | -41.0234 | -70.1954 | 1075.8 | -0.01 |
| 51446 | -41.023 | -70.1916 | 1102 | -0.01 |
| 51444 | -41.0229 | -70.1911 | 1106.4 | -0.01 |
| 51443 | -41.0229 | -70.1908 | 1105.1 | -0.01 |
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ASX Announcement
| Sample ID | Lat | Long | RL (m) | Au (ppm) |
|---|---|---|---|---|
| 51442 | -41.0229 | -70.1906 | 1105.9 | -0.01 |
| 51441 | -41.0229 | -70.1904 | 1105.2 | -0.01 |
| 51440 | -41.0228 | -70.1902 | 1102.4 | -0.01 |
| 51439 | -41.0228 | -70.1899 | 1097.9 | -0.01 |
| 51438 | -41.0227 | -70.1893 | 1080.6 | -0.01 |
| 51454 | -41.0232 | -70.1934 | 1091.3 | -0.01 |
| 51453 | -41.0232 | -70.1932 | 1096.2 | -0.01 |
| 51452 | -41.0232 | -70.193 | 1096.8 | -0.01 |
| 51451 | -41.0231 | -70.1927 | 1095.7 | -0.01 |
| 51450 | -41.0231 | -70.1925 | 1103.6 | -0.01 |
| 51449 | -41.0231 | -70.1923 | 1103.8 | -0.01 |
| 51448 | -41.0231 | -70.192 | 1102.7 | 0.01 |
| 51447 | -41.023 | -70.1918 | 1102.3 | -0.01 |
| 51497 | -41.0243 | -70.1958 | 1069.1 | -0.01 |
| 51496 | -41.0243 | -70.1961 | 1063.5 | -0.01 |
| 51495 | -41.0243 | -70.1962 | 1064.7 | -0.01 |
| 51494 | -41.0244 | -70.1965 | 1058.2 | -0.01 |
| 51493 | -41.0244 | -70.1967 | 1059.4 | -0.01 |
| 51492 | -41.0244 | -70.197 | 1056.3 | -0.01 |
| 51491 | -41.0244 | -70.1972 | 1050.4 | -0.01 |
| 51489 | -41.0245 | -70.1974 | 1048.9 | -0.01 |
| 51506 | -41.0241 | -70.194 | 1085.4 | -0.01 |
| 51504 | -41.0241 | -70.1942 | 1084.7 | -0.01 |
| 51503 | -41.0241 | -70.1944 | 1082.5 | -0.01 |
| 51502 | -41.0241 | -70.1947 | 1081.6 | -0.01 |
| 51501 | -41.0241 | -70.1949 | 1082.1 | -0.01 |
| 51500 | -41.0241 | -70.1951 | 1078.5 | -0.01 |
| 51499 | -41.0242 | -70.1954 | 1077.3 | -0.01 |
| 51498 | -41.0243 | -70.1956 | 1066.8 | -0.01 |
| 51480 | -41.0239 | -70.1989 | 1028.9 | -0.01 |
| 51479 | -41.0238 | -70.1986 | 1034.7 | -0.01 |
| 51478 | -41.0238 | -70.1984 | 1040 | -0.01 |
| 51477 | -41.0238 | -70.1982 | 1043.4 | -0.01 |
| 51476 | -41.0238 | -70.198 | 1048.2 | -0.01 |
| 51474 | -41.0238 | -70.1978 | 1050 | -0.01 |
| 51473 | -41.0237 | -70.1975 | 1056.7 | -0.01 |
| 51472 | -41.0237 | -70.1973 | 1058.8 | -0.01 |
| 51488 | -41.0241 | -70.2007 | 1011.3 | -0.01 |
| 51487 | -41.024 | -70.2005 | 1016.8 | -0.01 |
| 51486 | -41.024 | -70.2003 | 1015.4 | -0.01 |
| 51485 | -41.024 | -70.2 | 1013.3 | -0.01 |
| 51484 | -41.024 | -70.1998 | 1017 | -0.01 |
| 51483 | -41.024 | -70.1995 | 1020.4 | 0.02 |
| 51482 | -41.0239 | -70.1993 | 1025.4 | -0.01 |
| 51481 | -41.0239 | -70.1991 | 1026.3 | -0.01 |
| 51394 | -41.0216 | -70.1863 | 1123.9 | -0.01 |
| 51393 | -41.0216 | -70.1866 | 1118.9 | -0.01 |
| 51392 | -41.0216 | -70.1867 | 1115.3 | -0.01 |
| 51391 | -41.0217 | -70.1869 | 1111.7 | -0.01 |
| 51390 | -41.0218 | -70.1873 | 1101.8 | -0.01 |
| 51389 | -41.0218 | -70.1883 | 1095.1 | -0.01 |
| 51388 | -41.0219 | -70.1893 | 1102.8 | -0.01 |
| 51387 | -41.0219 | -70.1895 | 1102.9 | -0.01 |
| 51403 | -41.0213 | -70.1845 | 1125.5 | -0.01 |
| 51402 | -41.0214 | -70.1847 | 1126 | -0.01 |
| 51401 | -41.0214 | -70.1849 | 1126.4 | -0.01 |
| 51399 | -41.0214 | -70.1852 | 1127.7 | -0.01 |
| 51398 | -41.0215 | -70.1854 | 1126.3 | -0.01 |
| 51397 | -41.0215 | -70.1857 | 1125.5 | -0.01 |
| 51396 | -41.0215 | -70.1859 | 1126.2 | -0.01 |
| 51395 | -41.0216 | -70.1861 | 1125 | -0.01 |
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au
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ASX Announcement
| Sample ID | Lat | Long | RL (m) | Au (ppm) |
|---|---|---|---|---|
| 51377 | -41.0222 | -70.1915 | 1107.8 | -0.01 |
| 51376 | -41.0222 | -70.1917 | 1108.6 | -0.01 |
| 51375 | -41.0223 | -70.1919 | 1110.1 | -0.01 |
| 51374 | -41.0223 | -70.1921 | 1108 | -0.01 |
| 51373 | -41.0223 | -70.1923 | 1106.7 | -0.01 |
| 51372 | -41.0223 | -70.1925 | 1104.4 | -0.01 |
| 51371 | -41.0223 | -70.1928 | 1102.2 | -0.01 |
| 51369 | -41.0224 | -70.1931 | 1098.5 | -0.01 |
| 51386 | -41.022 | -70.1897 | 1106.7 | -0.01 |
| 51384 | -41.022 | -70.1899 | 1107.2 | -0.01 |
| 51383 | -41.022 | -70.1902 | 1106.2 | -0.01 |
| 51382 | -41.0221 | -70.1904 | 1103.8 | -0.01 |
| 51381 | -41.0221 | -70.1906 | 1103.3 | 0.02 |
| 51380 | -41.0221 | -70.1908 | 1103.9 | -0.01 |
| 51379 | -41.0221 | -70.1911 | 1106.9 | -0.01 |
| 51378 | -41.0222 | -70.1913 | 1107.4 | 0.01 |
| 51428 | -41.0223 | -70.1861 | 1105.5 | -0.01 |
| 51427 | -41.0223 | -70.1858 | 1115.6 | 0.06 |
| 51426 | -41.0223 | -70.1856 | 1122 | -0.01 |
| 51425 | -41.0222 | -70.1854 | 1130.8 | -0.01 |
| 51424 | -41.0222 | -70.1852 | 1132.9 | -0.01 |
| 51423 | -41.0222 | -70.185 | 1133.8 | -0.01 |
| 51422 | -41.0222 | -70.1847 | 1132.2 | -0.01 |
| 51421 | -41.0221 | -70.1844 | 1132.4 | -0.01 |
| 51437 | -41.0227 | -70.1891 | 1079.9 | -0.01 |
| 51436 | -41.0226 | -70.1884 | 1077.3 | -0.01 |
| 51435 | -41.0226 | -70.1882 | 1077.2 | -0.01 |
| 51434 | -41.0224 | -70.1873 | 1090.2 | -0.01 |
| 51433 | -41.0225 | -70.187 | 1089.9 | -0.01 |
| 51432 | -41.0224 | -70.1867 | 1097.9 | -0.01 |
| 51431 | -41.0224 | -70.1865 | 1102.7 | -0.01 |
| 51429 | -41.0223 | -70.1863 | 1106.4 | -0.01 |
| 51411 | -41.0211 | -70.1827 | 1094.5 | -0.01 |
| 51410 | -41.0212 | -70.1829 | 1098.4 | -0.01 |
| 51409 | -41.0212 | -70.1831 | 1101.2 | -0.01 |
| 51408 | -41.0212 | -70.1833 | 1110.1 | -0.01 |
| 51407 | -41.0212 | -70.1836 | 1109.4 | -0.01 |
| 51406 | -41.0212 | -70.1838 | 1112.1 | -0.01 |
| 51405 | -41.0212 | -70.184 | 1120.5 | -0.01 |
| 51404 | -41.0213 | -70.1842 | 1121.9 | -0.01 |
| 51420 | -41.0221 | -70.1842 | 1128.9 | -0.01 |
| 51419 | -41.0221 | -70.184 | 1129 | -0.01 |
| 51418 | -41.0221 | -70.1837 | 1127.6 | -0.01 |
| 51417 | -41.022 | -70.1835 | 1121.8 | -0.01 |
| 51416 | -41.0221 | -70.1833 | 1109.1 | 0.34 |
| 51414 | -41.022 | -70.1831 | 1094 | -0.01 |
| 51413 | -41.022 | -70.1829 | 1090.7 | -0.01 |
| 51412 | -41.0219 | -70.1827 | 1087.8 | -0.01 |
| 51326 | -41.0235 | -70.2025 | 994.4 | -0.01 |
| 51324 | -41.0236 | -70.2027 | 997.2 | 0.02 |
| 51323 | -41.0237 | -70.2029 | 997.7 | -0.01 |
| 51322 | -41.0227 | -70.2035 | 978.5 | -0.01 |
| 51321 | -41.0227 | -70.2033 | 981.7 | -0.01 |
| 51320 | -41.0226 | -70.203 | 984.9 | -0.01 |
| 51319 | -41.0226 | -70.2026 | 980.9 | -0.01 |
| 51318 | -41.0225 | -70.2023 | 984.1 | -0.01 |
| 51334 | -41.0233 | -70.2006 | 1009.2 | -0.01 |
| 51333 | -41.0233 | -70.2009 | 1007 | -0.01 |
| 51332 | -41.0234 | -70.2011 | 1006.5 | -0.01 |
| 51331 | -41.0234 | -70.2014 | 1005.8 | -0.01 |
| 51330 | -41.0234 | -70.2016 | 1005.7 | -0.01 |
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ASX Announcement
| Sample ID | Lat | Long | RL (m) | Au (ppm) |
|---|---|---|---|---|
| 51329 | -41.0234 | -70.2018 | 1006.5 | 0.01 |
| 51328 | -41.0235 | -70.202 | 998.8 | 0.01 |
| 51327 | -41.0235 | -70.2022 | 996.5 | -0.01 |
| 51308 | -41.0223 | -70.2001 | 1005.7 | -0.01 |
| 51307 | -41.0222 | -70.1999 | 1008.6 | -0.01 |
| 51306 | -41.0222 | -70.1997 | 1014.9 | -0.01 |
| 51305 | -41.0222 | -70.1995 | 1017 | -0.01 |
| 51304 | -41.0222 | -70.1992 | 1014 | -0.01 |
| 51303 | -41.0221 | -70.1991 | 1041.1 | -0.01 |
| 51302 | -41.022 | -70.1989 | 1043.4 | 0.01 |
| 51301 | -41.022 | -70.1986 | 1048.4 | 0.01 |
| 51317 | -41.0225 | -70.2021 | 985.9 | -0.01 |
| 51316 | -41.0224 | -70.2018 | 991.7 | -0.01 |
| 51315 | -41.0224 | -70.2015 | 995.7 | -0.01 |
| 51314 | -41.0223 | -70.2012 | 997.1 | -0.01 |
| 51313 | -41.0223 | -70.201 | 998 | -0.01 |
| 51312 | -41.0223 | -70.2008 | 1000 | -0.01 |
| 51311 | -41.0223 | -70.2005 | 1000.6 | -0.01 |
| 51309 | -41.0223 | -70.2003 | 1004.7 | -0.01 |
| 51360 | -41.0227 | -70.1952 | 1069.9 | -0.01 |
| 51359 | -41.0227 | -70.1954 | 1068.5 | -0.01 |
| 51358 | -41.0227 | -70.1956 | 1067.7 | -0.01 |
| 51357 | -41.0227 | -70.1958 | 1063.4 | -0.01 |
| 51356 | -41.0227 | -70.196 | 1060.9 | -0.01 |
| 51354 | -41.0228 | -70.1963 | 1059.1 | -0.01 |
| 51353 | -41.0228 | -70.1965 | 1054.8 | -0.01 |
| 51352 | -41.0228 | -70.1968 | 1054.1 | -0.01 |
| 51368 | -41.0224 | -70.1932 | 1096.4 | -0.01 |
| 51367 | -41.0224 | -70.1935 | 1094.7 | -0.01 |
| 51366 | -41.0225 | -70.1938 | 1090.4 | -0.01 |
| 51365 | -41.0225 | -70.194 | 1087.9 | -0.01 |
| 51364 | -41.0225 | -70.1942 | 1083.7 | -0.01 |
| 51363 | -41.0226 | -70.1945 | 1079.3 | -0.01 |
| 51362 | -41.0226 | -70.1947 | 1077.9 | -0.01 |
| 51361 | -41.0226 | -70.1949 | 1075.4 | -0.01 |
| 51343 | -41.0231 | -70.1988 | 1028.6 | -0.01 |
| 51342 | -41.0231 | -70.199 | 1029.1 | -0.01 |
| 51341 | -41.0231 | -70.1993 | 1028.7 | -0.01 |
| 51339 | -41.0232 | -70.1995 | 1029.2 | -0.01 |
| 51338 | -41.0232 | -70.1997 | 1025.4 | -0.01 |
| 51337 | -41.0232 | -70.2 | 1025.7 | -0.01 |
| 51336 | -41.0232 | -70.2002 | 1018.8 | -0.01 |
| 51335 | -41.0233 | -70.2004 | 1016.7 | -0.01 |
| 51351 | -41.0228 | -70.197 | 1053.3 | -0.01 |
| 51350 | -41.0229 | -70.1972 | 1057 | -0.01 |
| 51349 | -41.0229 | -70.1975 | 1056.7 | -0.01 |
| 51348 | -41.023 | -70.1977 | 1058.1 | -0.01 |
| 51347 | -41.023 | -70.1979 | 1051.5 | -0.01 |
| 51346 | -41.023 | -70.1981 | 1045 | -0.01 |
| 51345 | -41.023 | -70.1983 | 1035.7 | -0.01 |
| 51344 | -41.0231 | -70.1986 | 1029 | -0.01 |
| 50206 | -41.0311 | -70.1955 | 989.4 | -0.01 |
| 50205 | -41.0311 | -70.1952 | 998 | 0.04 |
| 50204 | -41.0311 | -70.195 | 999 | -0.01 |
| 50203 | -41.0311 | -70.1948 | 1003.4 | -0.01 |
| 50202 | -41.031 | -70.1946 | 1004.5 | 0.07 |
| 50201 | -41.031 | -70.1943 | 1008.4 | 0.08 |
| 50200 | -41.0309 | -70.1941 | 1014.3 | 0.39 |
| 50199 | -41.0309 | -70.1939 | 1013.7 | 0.06 |
| 50215 | -41.0313 | -70.1973 | 949.4 | 5.71 |
| 50214 | -41.0313 | -70.1971 | 954.6 | -0.01 |
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au
8
ASX Announcement
| Sample ID | Lat | Long | RL (m) | Au (ppm) |
|---|---|---|---|---|
| 50213 | -41.0313 | -70.1968 | 958.2 | -0.01 |
| 50212 | -41.0313 | -70.1966 | 962.6 | -0.01 |
| 50211 | -41.0312 | -70.1964 | 967 | -0.01 |
| 50209 | -41.0312 | -70.1961 | 973.1 | 0.67 |
| 50208 | -41.0312 | -70.1959 | 980.8 | -0.01 |
| 50207 | -41.0311 | -70.1957 | 987.4 | -0.01 |
| 50189 | -41.0307 | -70.1919 | 1024.4 | -0.01 |
| 50188 | -41.0306 | -70.1916 | 1028.4 | -0.01 |
| 50187 | -41.0306 | -70.1914 | 1035.9 | -0.01 |
| 50186 | -41.0306 | -70.1912 | 1040.4 | -0.01 |
| 50185 | -41.0305 | -70.191 | 1045.8 | -0.01 |
| 50184 | -41.0305 | -70.1907 | 1054.6 | -0.01 |
| 50183 | -41.0305 | -70.1905 | 1057.2 | -0.01 |
| 50182 | -41.0305 | -70.1903 | 1059.8 | -0.01 |
| 50198 | -41.0309 | -70.1936 | 1018.7 | -0.01 |
| 50197 | -41.0308 | -70.1934 | 1024.7 | 0.01 |
| 50196 | -41.0308 | -70.1932 | 1021.8 | -0.01 |
| 50194 | -41.0308 | -70.193 | 1023 | -0.01 |
| 50193 | -41.0308 | -70.1928 | 1022.1 | 0.19 |
| 50192 | -41.0307 | -70.1925 | 1018.9 | -0.01 |
| 50191 | -41.0307 | -70.1923 | 1020.7 | -0.01 |
| 50190 | -41.0307 | -70.1921 | 1019.9 | 0.07 |
| 50241 | -41.0311 | -70.1915 | 1026.8 | -0.01 |
| 50239 | -41.0311 | -70.1917 | 1021.6 | -0.01 |
| 50238 | -41.0311 | -70.1919 | 1015.2 | -0.01 |
| 50237 | -41.0311 | -70.1922 | 1013.7 | -0.01 |
| 50236 | -41.0312 | -70.1924 | 1015.3 | 0.14 |
| 50235 | -41.0312 | -70.1926 | 1022 | -0.01 |
| 50234 | -41.0312 | -70.1928 | 1020.1 | 0.04 |
| 50233 | -41.0313 | -70.1931 | 1002.8 | 0.03 |
| 50249 | -41.0316 | -70.1923 | 1012.8 | 0.02 |
| 50248 | -41.0316 | -70.1922 | 1013.4 | 0.06 |
| 50247 | -41.0316 | -70.1919 | 1010.6 | 0.15 |
| 50246 | -41.0315 | -70.1917 | 1010.3 | -0.01 |
| 50245 | -41.0315 | -70.1915 | 1006 | -0.01 |
| 50244 | -41.031 | -70.1907 | 1020.8 | -0.01 |
| 50243 | -41.031 | -70.191 | 1023.8 | -0.01 |
| 50242 | -41.031 | -70.1912 | 1026.4 | -0.01 |
| 50223 | -41.0315 | -70.1951 | 985.3 | 0.21 |
| 50222 | -41.0315 | -70.1953 | 978 | 0.04 |
| 50221 | -41.0316 | -70.1956 | 976 | 0.01 |
| 50220 | -41.0316 | -70.1958 | 971.3 | 0.02 |
| 50219 | -41.0316 | -70.196 | 968.4 | -0.01 |
| 50218 | -41.0316 | -70.1963 | 963.2 | 0.03 |
| 50217 | -41.0317 | -70.1965 | 959.8 | 0.01 |
| 50216 | -41.0317 | -70.1967 | 955.2 | -0.01 |
| 50232 | -41.0313 | -70.1932 | 998.9 | 0.02 |
| 50231 | -41.0313 | -70.1935 | 1009 | 0.03 |
| 50230 | -41.0313 | -70.1937 | 1004 | 0.12 |
| 50229 | -41.0314 | -70.194 | 999.6 | 0.06 |
| 50228 | -41.0314 | -70.1942 | 995.3 | 0.06 |
| 50227 | -41.0314 | -70.1944 | 994.9 | -0.01 |
| 50226 | -41.0315 | -70.1947 | 995.9 | 0.4 |
| 50224 | -41.0315 | -70.1949 | 992 | 0.03 |
| 50138 | -41.0303 | -70.1965 | 955.5 | 0.03 |
| 50137 | -41.0303 | -70.1963 | 963.8 | 0.07 |
| 50136 | -41.0303 | -70.1961 | 965.8 | -0.01 |
| 50134 | -41.0303 | -70.1958 | 975.9 | 0.01 |
| 50133 | -41.0302 | -70.1956 | 983.9 | 0.03 |
| 50132 | -41.0302 | -70.1954 | 992.4 | 0.02 |
| 50131 | -41.0301 | -70.1951 | 994 | 0.02 |
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au
9
ASX Announcement
| Sample ID | Lat | Long | RL (m) | Au (ppm) |
|---|---|---|---|---|
| 50130 | -41.0301 | -70.1949 | 996.1 | 0.01 |
| 50146 | -41.0308 | -70.1965 | 960.5 | 0.03 |
| 50145 | -41.0308 | -70.1967 | 957 | -0.01 |
| 50144 | -41.0308 | -70.1969 | 949.5 | -0.01 |
| 50143 | -41.0308 | -70.1972 | 948.6 | 0.01 |
| 50142 | -41.0309 | -70.1974 | 944.3 | -0.01 |
| 50141 | -41.0304 | -70.1972 | 945.9 | -0.01 |
| 50140 | -41.0304 | -70.197 | 948.5 | 0.02 |
| 50139 | -41.0304 | -70.1968 | 949.7 | 0.08 |
| 50121 | -41.0299 | -70.1928 | 994.4 | -0.01 |
| 50119 | -41.0298 | -70.1927 | 1001.6 | -0.01 |
| 50118 | -41.0298 | -70.1925 | 1008.5 | 0.11 |
| 50117 | -41.0298 | -70.1922 | 1016.7 | 0.23 |
| 50116 | -41.0298 | -70.192 | 1029.7 | 0.08 |
| 50115 | -41.0297 | -70.1918 | 1032.4 | 0.07 |
| 50114 | -41.0297 | -70.1916 | 1039.1 | 0.86 |
| 50113 | -41.0297 | -70.1913 | 1041.2 | -0.01 |
| 50129 | -41.0301 | -70.1947 | 994.1 | 0.03 |
| 50128 | -41.03 | -70.1945 | 989.4 | 0.01 |
| 50127 | -41.03 | -70.1942 | 991.2 | -0.01 |
| 50126 | -41.03 | -70.194 | 992.8 | -0.01 |
| 50125 | -41.03 | -70.1938 | 989.1 | 0.01 |
| 50124 | -41.03 | -70.1936 | 993.6 | 0.03 |
| 50123 | -41.0299 | -70.1933 | 994.7 | 0.1 |
| 50122 | -41.0299 | -70.1931 | 992.5 | 0.04 |
| 50172 | -41.0301 | -70.1911 | 1051.7 | -0.01 |
| 50171 | -41.0301 | -70.1913 | 1039.8 | 0.01 |
| 50170 | -41.0302 | -70.1915 | 1035.3 | -0.01 |
| 50169 | -41.0302 | -70.1918 | 1025.7 | -0.01 |
| 50168 | -41.0302 | -70.192 | 1017.6 | -0.01 |
| 50167 | -41.0302 | -70.1922 | 1009 | -0.01 |
| 50166 | -41.0303 | -70.1924 | 1008 | -0.01 |
| 50164 | -41.0303 | -70.1926 | 1005.8 | 0.31 |
| 50181 | -41.0299 | -70.1892 | 1066.5 | -0.01 |
| 50179 | -41.0299 | -70.1895 | 1065.4 | 0.03 |
| 50178 | -41.0299 | -70.1898 | 1065 | -0.01 |
| 50177 | -41.03 | -70.19 | 1065.8 | -0.01 |
| 50176 | -41.03 | -70.1902 | 1063.7 | -0.01 |
| 50175 | -41.03 | -70.1905 | 1057.8 | -0.01 |
| 50174 | -41.0301 | -70.1907 | 1056.5 | -0.01 |
| 50173 | -41.0301 | -70.1909 | 1055.3 | -0.01 |
| 50155 | -41.0306 | -70.1947 | 1010.9 | 0.05 |
| 50154 | -41.0306 | -70.1949 | 1007.4 | 0.04 |
| 50153 | -41.0306 | -70.1951 | 1001.6 | 0.02 |
| 50152 | -41.0306 | -70.1953 | 991.7 | 0.01 |
| 50151 | -41.0307 | -70.1956 | 980.3 | 0.02 |
| 50149 | -41.0307 | -70.1958 | 974.7 | 0.01 |
| 50148 | -41.0307 | -70.196 | 966.9 | 0.1 |
| 50147 | -41.0307 | -70.1962 | 966.3 | 0.02 |
| 50163 | -41.0303 | -70.1929 | 1010.6 | -0.01 |
| 50162 | -41.0303 | -70.1931 | 1012.4 | 0.02 |
| 50161 | -41.0304 | -70.1933 | 1013 | -0.01 |
| 50160 | -41.0304 | -70.1935 | 1011.9 | -0.01 |
| 50159 | -41.0304 | -70.1938 | 1012.5 | -0.01 |
| 50158 | -41.0305 | -70.194 | 1011.6 | -0.01 |
| 50157 | -41.0305 | -70.1942 | 1010.9 | 0.02 |
| 50156 | -41.0305 | -70.1945 | 1010.2 | 0.11 |
| 50069 | -41.0298 | -70.1958 | 963.7 | -0.01 |
| 50068 | -41.0298 | -70.1961 | 959.1 | -0.01 |
| 50067 | -41.0298 | -70.1963 | 958.6 | -0.01 |
| 50066 | -41.0299 | -70.1965 | 951.7 | -0.01 |
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au
10
ASX Announcement
| Sample ID | Lat | Long | RL (m) | Au (ppm) |
|---|---|---|---|---|
| 50065 | -41.0294 | -70.1959 | 945.9 | 0.02 |
| 50064 | -41.0293 | -70.1956 | 958.9 | -0.01 |
| 50063 | -41.0293 | -70.1954 | 961.4 | -0.01 |
| 50062 | -41.0293 | -70.1952 | 968.1 | 0.28 |
| 50078 | -41.0296 | -70.194 | 981.1 | -0.01 |
| 50077 | -41.0296 | -70.1942 | 982.8 | 0.04 |
| 50076 | -41.0296 | -70.1944 | 979.9 | 0.04 |
| 50074 | -41.0296 | -70.1947 | 983.6 | 0.02 |
| 50073 | -41.0296 | -70.1949 | 976.4 | -0.01 |
| 50072 | -41.0297 | -70.1952 | 972 | -0.01 |
| 50071 | -41.0297 | -70.1954 | 972.4 | -0.01 |
| 50070 | -41.0297 | -70.1956 | 971.3 | -0.01 |
| 50052 | -41.0289 | -70.1921 | 1006.7 | 0.02 |
| 50051 | -41.0288 | -70.1918 | 1004.7 | -0.01 |
| 50050 | -41.0288 | -70.1917 | 1007.1 | -0.01 |
| 50049 | -41.0288 | -70.1914 | 1015 | 0.07 |
| 50048 | -41.0288 | -70.1912 | 1016.5 | 0.03 |
| 50047 | -41.0288 | -70.191 | 1025.7 | 0.04 |
| 50046 | -41.0287 | -70.1907 | 1027.9 | -0.01 |
| 50044 | -41.0287 | -70.1905 | 1033.4 | -0.01 |
| 50061 | -41.0292 | -70.1949 | 967.2 | -0.01 |
| 50059 | -41.0292 | -70.1947 | 972.9 | 0.02 |
| 50058 | -41.0291 | -70.1935 | 977.7 | 1.31 |
| 50057 | -41.029 | -70.1932 | 979.5 | 0.06 |
| 50056 | -41.029 | -70.193 | 990.6 | -0.01 |
| 50055 | -41.0289 | -70.1928 | 989.8 | 0.02 |
| 50054 | -41.0289 | -70.1925 | 996.9 | 0.03 |
| 50053 | -41.0289 | -70.1923 | 1002.3 | -0.01 |
| 50103 | -41.0294 | -70.1893 | 1064.1 | -0.01 |
| 50102 | -41.0289 | -70.1885 | 1040.2 | -0.01 |
| 50101 | -41.0289 | -70.1888 | 1045.4 | -0.01 |
| 50100 | -41.0289 | -70.189 | 1051.5 | -0.01 |
| 50099 | -41.029 | -70.1893 | 1051.8 | -0.01 |
| 50098 | -41.029 | -70.1895 | 1052.1 | 0.02 |
| 50097 | -41.029 | -70.1897 | 1050.6 | -0.01 |
| 50096 | -41.0291 | -70.1899 | 1043.3 | -0.01 |
| 50112 | -41.0297 | -70.1911 | 1045.8 | -0.01 |
| 50111 | -41.0296 | -70.1909 | 1049.3 | -0.01 |
| 50110 | -41.0296 | -70.1906 | 1049.9 | -0.01 |
| 50109 | -41.0296 | -70.1904 | 1051.9 | -0.01 |
| 50108 | -41.0295 | -70.1902 | 1053 | -0.01 |
| 50107 | -41.0295 | -70.19 | 1059.9 | -0.01 |
| 50106 | -41.0296 | -70.1897 | 1059.5 | -0.01 |
| 50104 | -41.0294 | -70.1895 | 1064.7 | -0.01 |
| 50086 | -41.0293 | -70.192 | 1009.8 | -0.01 |
| 50085 | -41.0293 | -70.1922 | 1006.4 | 0.06 |
| 50084 | -41.0294 | -70.1924 | 1000.4 | 0.1 |
| 50083 | -41.0294 | -70.1926 | 993.5 | 0.11 |
| 50082 | -41.0294 | -70.1928 | 986.9 | -0.01 |
| 50081 | -41.0294 | -70.1931 | 983.8 | 0.03 |
| 50080 | -41.0295 | -70.1935 | 983.3 | 0.13 |
| 50079 | -41.0295 | -70.1938 | 986 | -0.01 |
| 50095 | -41.0291 | -70.1902 | 1035.1 | -0.01 |
| 50094 | -41.0291 | -70.1904 | 1033.4 | -0.01 |
| 50093 | -41.0291 | -70.1907 | 1032.2 | -0.01 |
| 50092 | -41.0292 | -70.1909 | 1028.1 | -0.01 |
| 50091 | -41.0292 | -70.1911 | 1029.5 | -0.01 |
| 50089 | -41.0292 | -70.1913 | 1027.3 | -0.01 |
| 50088 | -41.0293 | -70.1916 | 1024.5 | -0.01 |
| 50087 | -41.0293 | -70.1917 | 1023.4 | 0.01 |
| 50001 | -41.0277 | -70.19 | 1013 | 0.02 |
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au
11
ASX Announcement
| Sample ID | Lat | Long | RL (m) | Au (ppm) |
|---|---|---|---|---|
| 49999 | -41.0277 | -70.1898 | 1013.2 | 0.01 |
| 49998 | -41.0276 | -70.1896 | 1014 | 0.05 |
| 49997 | -41.0276 | -70.1894 | 1018.2 | 0.02 |
| 49996 | -41.0276 | -70.1891 | 1020.2 | -0.01 |
| 49995 | -41.0276 | -70.1889 | 1016.6 | 11.14 |
| 49994 | -41.0275 | -70.1886 | 1018 | -0.01 |
| 49993 | -41.0271 | -70.1889 | 1014.3 | 0.18 |
| 50009 | -41.0279 | -70.1919 | 994.5 | -0.01 |
| 50008 | -41.0279 | -70.1917 | 994 | -0.01 |
| 50007 | -41.0279 | -70.1914 | 998.9 | -0.01 |
| 50006 | -41.0278 | -70.1912 | 1007.5 | -0.01 |
| 50005 | -41.0278 | -70.1909 | 1008.3 | -0.01 |
| 50004 | -41.0277 | -70.1907 | 1009.2 | -0.01 |
| 50003 | -41.0277 | -70.1905 | 1015.3 | 0.01 |
| 50002 | -41.0277 | -70.1903 | 1016.4 | 0.01 |
| 49983 | -41.0273 | -70.191 | 995.2 | 0.01 |
| 49982 | -41.0274 | -70.1912 | 988.4 | -0.01 |
| 49981 | -41.0274 | -70.1914 | 990.3 | -0.01 |
| 49980 | -41.0274 | -70.1918 | 986.4 | -0.01 |
| 49979 | -41.0275 | -70.1922 | 981.7 | 0.04 |
| 49978 | -41.0278 | -70.1946 | 970.6 | 0.02 |
| 41242 | -41.0196 | -70.184 | 1097.3 | -0.01 |
| 49992 | -41.0272 | -70.1892 | 1009.2 | -0.01 |
| 49991 | -41.0272 | -70.1894 | 1007.8 | -0.01 |
| 49990 | -41.0272 | -70.1896 | 1007.4 | -0.01 |
| 49989 | -41.0272 | -70.1899 | 1004.6 | 0.02 |
| 49988 | -41.0272 | -70.1901 | 995.3 | 0.01 |
| 49987 | -41.0273 | -70.1903 | 1007.7 | 0.01 |
| 51576 | -41.0247 | -70.1921 | 1059.3 | 0 |
| 49986 | -41.0273 | -70.1906 | 997.7 | 0.02 |
| 51575 | -41.0246 | -70.1919 | 1064.4 | -0.01 |
| 49984 | -41.0273 | -70.1908 | 999.7 | 0.08 |
| 50035 | -41.0283 | -70.1878 | 1046.7 | -0.01 |
| 50034 | -41.028 | -70.1886 | 1032 | 6.1 |
| 50033 | -41.028 | -70.1888 | 1027.4 | 0.38 |
| 50032 | -41.028 | -70.1891 | 1024.7 | -0.01 |
| 50031 | -41.0281 | -70.1893 | 1028.2 | -0.01 |
| 50029 | -41.0281 | -70.1895 | 1029.1 | -0.01 |
| 50028 | -41.0281 | -70.1898 | 1028.1 | -0.01 |
| 50027 | -41.0282 | -70.19 | 1026.3 | -0.01 |
| 50043 | -41.0286 | -70.1903 | 1037 | -0.01 |
| 50042 | -41.0286 | -70.19 | 1039.6 | 0.14 |
| 50041 | -41.0286 | -70.1898 | 1041.6 | -0.01 |
| 50040 | -41.0285 | -70.1896 | 1042 | -0.01 |
| 50039 | -41.0285 | -70.1894 | 1040.9 | -0.01 |
| 50038 | -41.0285 | -70.1891 | 1038 | 1.85 |
| 50037 | -41.0285 | -70.1888 | 1037.6 | -0.01 |
| 50036 | -41.0285 | -70.1886 | 1039 | 0.05 |
| 50018 | -41.0287 | -70.1939 | 972.3 | 0.02 |
| 50017 | -41.0287 | -70.1949 | 963.7 | 0.1 |
| 50016 | -41.0281 | -70.1934 | 973.4 | -0.01 |
| 50014 | -41.0281 | -70.1932 | 976.9 | -0.01 |
| 50013 | -41.028 | -70.1929 | 984.9 | -0.01 |
| 50012 | -41.028 | -70.1926 | 992.5 | -0.01 |
| 50011 | -41.028 | -70.1923 | 993.1 | -0.01 |
| 50010 | -41.028 | -70.1921 | 990.9 | 0.02 |
| 50026 | -41.0282 | -70.1902 | 1027.1 | -0.01 |
| 50025 | -41.0282 | -70.1905 | 1029.4 | 1.26 |
| 50024 | -41.0282 | -70.1907 | 1023.3 | 0.02 |
| 50023 | -41.0283 | -70.1909 | 1018.2 | -0.01 |
| 50022 | -41.0283 | -70.1911 | 1009.9 | 0.02 |
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au
12
ASX Announcement
| Sample ID | Lat | Long | RL (m) | Au (ppm) |
|---|---|---|---|---|
| 50021 | -41.0283 | -70.1913 | 1005.9 | 0.03 |
| 50020 | -41.0283 | -70.1915 | 998.7 | -0.01 |
| 50019 | -41.0286 | -70.1936 | 973.3 | 0.03 |
| 50481 | -41.0187 | -70.1984 | 1024.7 | -0.01 |
| 50479 | -41.0186 | -70.1981 | 1025 | -0.01 |
| 50478 | -41.0186 | -70.1979 | 1007.6 | -0.01 |
| 50477 | -41.0185 | -70.1977 | 1038 | -0.01 |
| 50476 | -41.0186 | -70.1975 | 1038.1 | -0.01 |
| 50475 | -41.0185 | -70.1972 | 1036.8 | -0.01 |
| 50474 | -41.0185 | -70.197 | 1035.9 | -0.01 |
| 50473 | -41.0185 | -70.1968 | 1033.5 | -0.01 |
| 50489 | -41.0199 | -70.2018 | 974.4 | -0.01 |
| 50488 | -41.0189 | -70.2 | 992.5 | -0.01 |
| 50487 | -41.0188 | -70.1997 | 993.2 | 0.01 |
| 50486 | -41.0188 | -70.1996 | 1008.4 | -0.01 |
| 50485 | -41.0188 | -70.1993 | 1015.9 | -0.01 |
| 50484 | -41.0187 | -70.1991 | 1017.8 | -0.01 |
| 50483 | -41.0187 | -70.1988 | 1019.8 | -0.01 |
| 50482 | -41.0187 | -70.1986 | 1022 | -0.01 |
| 50463 | -41.0183 | -70.1946 | 1013.7 | -0.01 |
| 50462 | -41.0182 | -70.1944 | 1014.3 | -0.01 |
| 50461 | -41.0182 | -70.1941 | 1033.5 | -0.01 |
| 50460 | -41.0181 | -70.1939 | 1034.6 | -0.01 |
| 50459 | -41.0181 | -70.1937 | 1034.1 | -0.01 |
| 50458 | -41.0181 | -70.1935 | 1051.8 | 0.06 |
| 50457 | -41.0181 | -70.1933 | 1055.2 | 0.07 |
| 50456 | -41.018 | -70.193 | 1059.3 | 0.09 |
| 50472 | -41.0184 | -70.1966 | 1031 | -0.01 |
| 50471 | -41.0184 | -70.1963 | 1032.2 | -0.01 |
| 50470 | -41.0184 | -70.196 | 1023 | -0.01 |
| 50469 | -41.0184 | -70.1958 | 1024 | -0.01 |
| 50468 | -41.0183 | -70.1956 | 1013.3 | -0.01 |
| 50467 | -41.0183 | -70.1953 | 1012.9 | -0.01 |
| 50466 | -41.0183 | -70.1951 | 1013.1 | -0.01 |
| 50464 | -41.0182 | -70.1949 | 1013.7 | -0.01 |
| 51015 | -41.0193 | -70.1963 | 1039 | -0.01 |
| 51014 | -41.0193 | -70.1966 | 1035.8 | -0.01 |
| 51013 | -41.0193 | -70.1968 | 1033 | -0.01 |
| 51012 | -41.0194 | -70.197 | 1031.2 | -0.01 |
| 51011 | -41.0194 | -70.1973 | 1029.9 | 0.02 |
| 51009 | -41.0194 | -70.1975 | 1023.7 | -0.01 |
| 51008 | -41.0195 | -70.1977 | 1021.3 | -0.01 |
| 51007 | -41.0195 | -70.198 | 1039.5 | -0.01 |
| 51023 | -41.0191 | -70.1945 | 1071.4 | -0.01 |
| 51022 | -41.0191 | -70.1947 | 1073.4 | -0.01 |
| 51021 | -41.0191 | -70.1949 | 1063.1 | -0.01 |
| 51020 | -41.0191 | -70.1952 | 1059 | -0.01 |
| 51019 | -41.0192 | -70.1955 | 1057 | -0.01 |
| 51018 | -41.0192 | -70.1957 | 1053.1 | 0.12 |
| 51017 | -41.0192 | -70.1959 | 1050.9 | -0.01 |
| 51016 | -41.0193 | -70.1962 | 1043.6 | -0.01 |
| 50498 | -41.0197 | -70.2 | 982.1 | -0.01 |
| 50497 | -41.0198 | -70.2002 | 976.2 | -0.01 |
| 50496 | -41.0198 | -70.2004 | 973.9 | -0.01 |
| 50494 | -41.0198 | -70.2006 | 972.1 | -0.01 |
| 50493 | -41.0198 | -70.2009 | 970.6 | -0.01 |
| 50492 | -41.0199 | -70.2011 | 975.9 | -0.01 |
| 50491 | -41.0199 | -70.2014 | 977 | -0.01 |
| 50490 | -41.0199 | -70.2016 | 979.4 | -0.01 |
| 51006 | -41.0195 | -70.1982 | 1038.8 | -0.01 |
| 51005 | -41.0195 | -70.1984 | 1008.1 | -0.01 |
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au
13
ASX Announcement
| Sample ID | Lat | Long | RL (m) | Au (ppm) |
|---|---|---|---|---|
| 51004 | -41.0195 | -70.1986 | 1008 | -0.01 |
| 51003 | -41.0196 | -70.1988 | 1001.6 | -0.01 |
| 51002 | -41.0196 | -70.1991 | 998.7 | -0.01 |
| 51001 | -41.0196 | -70.1993 | 1001.4 | -0.01 |
| 50500 | -41.0197 | -70.1996 | 990.8 | -0.01 |
| 50499 | -41.0197 | -70.1998 | 985.6 | -0.01 |
| 50412 | -41.017 | -70.1911 | 1050.3 | -0.01 |
| 50411 | -41.017 | -70.1914 | 1041 | -0.01 |
| 50410 | -41.017 | -70.1916 | 1040.7 | -0.01 |
| 50409 | -41.017 | -70.1918 | 1041.4 | -0.01 |
| 50408 | -41.0171 | -70.192 | 1040.5 | -0.01 |
| 50407 | -41.0171 | -70.1923 | 1037.1 | 0.01 |
| 50406 | -41.0171 | -70.1925 | 1039.3 | -0.01 |
| 50404 | -41.0171 | -70.1925 | 1036.9 | -0.01 |
| 50421 | -41.0167 | -70.1884 | 1013.8 | 0.03 |
| 50419 | -41.0167 | -70.1891 | 1019.1 | 0.07 |
| 50418 | -41.0168 | -70.1898 | 1031.7 | 0.08 |
| 50417 | -41.0169 | -70.19 | 1034.1 | 0.07 |
| 50416 | -41.0169 | -70.1902 | 1036.2 | -0.01 |
| 50415 | -41.0169 | -70.1904 | 1037.1 | 0.01 |
| 50414 | -41.0169 | -70.1907 | 1041.2 | -0.01 |
| 50413 | -41.017 | -70.1909 | 1049.5 | -0.01 |
| 50395 | -41.0174 | -70.1947 | 1044.9 | -0.01 |
| 50394 | -41.0174 | -70.1948 | 1038.6 | 0.02 |
| 50393 | -41.0175 | -70.195 | 1030.9 | -0.01 |
| 50392 | -41.0175 | -70.1952 | 1027.7 | -0.01 |
| 50391 | -41.0175 | -70.1954 | 1005.9 | -0.01 |
| 50389 | -41.0175 | -70.1956 | 999.1 | -0.01 |
| 50388 | -41.0176 | -70.1959 | 996.5 | -0.01 |
| 50387 | -41.0176 | -70.1961 | 995.5 | 0.09 |
| 50403 | -41.0172 | -70.1928 | 1038.3 | -0.01 |
| 50402 | -41.0172 | -70.193 | 1037.5 | -0.01 |
| 50401 | -41.0172 | -70.1932 | 1036 | -0.01 |
| 50400 | -41.0173 | -70.1935 | 1039.9 | -0.01 |
| 50399 | -41.0173 | -70.1937 | 1038.6 | 0.02 |
| 50398 | -41.0173 | -70.1939 | 1040.5 | -0.01 |
| 50397 | -41.0173 | -70.1942 | 1046.2 | -0.01 |
| 50396 | -41.0174 | -70.1944 | 1048.5 | -0.01 |
| 50446 | -41.0178 | -70.191 | 1063.5 | -0.01 |
| 50445 | -41.0178 | -70.1909 | 1067.6 | -0.01 |
| 50444 | -41.0177 | -70.1906 | 1063.6 | -0.01 |
| 50443 | -41.0177 | -70.1904 | 1066.5 | 0.01 |
| 50442 | -41.0177 | -70.1902 | 1063.5 | -0.01 |
| 50441 | -41.0177 | -70.1899 | 1058.2 | -0.01 |
| 50440 | -41.0177 | -70.1897 | 1053.8 | -0.01 |
| 50439 | -41.0176 | -70.1895 | 1051.3 | -0.01 |
| 50455 | -41.018 | -70.1928 | 1061.3 | 0.04 |
| 50454 | -41.018 | -70.1926 | 1064.2 | -0.01 |
| 50453 | -41.0179 | -70.1924 | 1066.5 | -0.01 |
| 50452 | -41.0179 | -70.1921 | 1068.4 | -0.01 |
| 50451 | -41.0179 | -70.1919 | 1066.4 | 0.05 |
| 50449 | -41.0179 | -70.1917 | 1069.7 | -0.01 |
| 50448 | -41.0178 | -70.1914 | 1070.1 | -0.01 |
| 50447 | -41.0178 | -70.1912 | 1070.4 | -0.01 |
| 50429 | -41.0173 | -70.1869 | 1028.4 | -0.01 |
| 50428 | -41.0173 | -70.1875 | 1016.9 | -0.01 |
| 50427 | -41.0173 | -70.1867 | 1029.2 | -0.01 |
| 50426 | -41.0173 | -70.1864 | 1026.2 | 0.03 |
| 50425 | -41.0172 | -70.1862 | 1025.5 | 0.07 |
| 50424 | -41.0172 | -70.186 | 1019.9 | 0.08 |
| 50423 | -41.0166 | -70.1874 | 1012.3 | -0.01 |
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au
14
ASX Announcement
| Sample ID | Lat | Long | RL (m) | Au (ppm) |
|---|---|---|---|---|
| 50422 | -41.0167 | -70.1881 | 1013.8 | -0.01 |
| 50438 | -41.0176 | -70.1892 | 1056.4 | -0.01 |
| 50437 | -41.0176 | -70.189 | 1037.1 | -0.01 |
| 50436 | -41.0175 | -70.1888 | 1033.5 | -0.01 |
| 50434 | -41.0174 | -70.1882 | 1014 | 0.02 |
| 50433 | -41.0174 | -70.188 | 1013.7 | 0.02 |
| 50432 | -41.0173 | -70.1879 | 1012.6 | -0.01 |
| 50431 | -41.0173 | -70.1877 | 1013.8 | -0.01 |
| 50430 | -41.0173 | -70.1871 | 1024.8 | -0.01 |
| 50343 | -41.0158 | -70.1951 | 1022 | -0.01 |
| 50342 | -41.0159 | -70.1953 | 1018.6 | -0.01 |
| 50341 | -41.0159 | -70.1956 | 1018.9 | -0.01 |
| 50340 | -41.0159 | -70.1958 | 1019.9 | -0.01 |
| 50339 | -41.0159 | -70.196 | 1017.6 | -0.01 |
| 50338 | -41.016 | -70.1963 | 1017.1 | -0.01 |
| 50337 | -41.016 | -70.1965 | 1012.5 | -0.01 |
| 50336 | -41.016 | -70.1967 | 1004.4 | -0.01 |
| 50352 | -41.016 | -70.1906 | 1047.3 | -0.01 |
| 50351 | -41.016 | -70.1904 | 1045.6 | -0.01 |
| 50350 | -41.0157 | -70.1937 | 1025 | -0.01 |
| 50349 | -41.0157 | -70.194 | 1026.6 | -0.01 |
| 50348 | -41.0158 | -70.1942 | 1002.2 | -0.01 |
| 50347 | -41.0157 | -70.1944 | 1017.2 | -0.01 |
| 50346 | -41.0158 | -70.1946 | 1015.2 | -0.01 |
| 50344 | -41.0158 | -70.1949 | 1013.6 | -0.01 |
| 50326 | -41.0153 | -70.1981 | 988.1 | -0.01 |
| 50325 | -41.0153 | -70.1978 | 988.8 | -0.01 |
| 50324 | -41.0153 | -70.1976 | 989.6 | -0.01 |
| 50323 | -41.0153 | -70.1974 | 990.3 | -0.01 |
| 50322 | -41.0153 | -70.1971 | 994.3 | -0.01 |
| 50321 | -41.0152 | -70.1969 | 988.7 | -0.01 |
| 50320 | -41.0152 | -70.1967 | 987.4 | -0.01 |
| 50319 | -41.0152 | -70.1965 | 993.3 | -0.01 |
| 50335 | -41.016 | -70.1969 | 993.9 | -0.01 |
| 50334 | -41.0161 | -70.1974 | 992.8 | -0.01 |
| 50333 | -41.0155 | -70.1994 | 975.8 | -0.01 |
| 50332 | -41.0154 | -70.1992 | 976 | -0.01 |
| 50331 | -41.0154 | -70.199 | 977.5 | -0.01 |
| 50329 | -41.0154 | -70.1987 | 976.5 | -0.01 |
| 50328 | -41.0154 | -70.1985 | 975.9 | -0.01 |
| 50327 | -41.0154 | -70.1983 | 986.8 | -0.01 |
| 50378 | -41.0178 | -70.1981 | 1013.5 | -0.01 |
| 50377 | -41.0178 | -70.1983 | 1010.5 | -0.01 |
| 50376 | -41.0179 | -70.1986 | 1002.3 | 0 |
| 50374 | -41.0179 | -70.1988 | 987.7 | 0.01 |
| 50373 | -41.0179 | -70.199 | 986.3 | -0.01 |
| 50372 | -41.018 | -70.1993 | 985.5 | -0.01 |
| 50371 | -41.0169 | -70.1972 | 987.2 | -0.01 |
| 50370 | -41.0169 | -70.197 | 991.5 | -0.01 |
| 50386 | -41.0176 | -70.1963 | 996.2 | -0.01 |
| 50385 | -41.0176 | -70.1965 | 1007.6 | -0.01 |
| 50384 | -41.0176 | -70.1967 | 1014.9 | -0.01 |
| 50383 | -41.0176 | -70.197 | 1014.7 | -0.01 |
| 50382 | -41.0177 | -70.1972 | 1016.8 | -0.01 |
| 50381 | -41.0177 | -70.1974 | 1018.9 | -0.01 |
| 50380 | -41.0178 | -70.1976 | 1018.9 | -0.01 |
| 50379 | -41.0177 | -70.1979 | 1015.1 | -0.01 |
| 50361 | -41.0166 | -70.1951 | 1035.2 | -0.01 |
| 50359 | -41.0166 | -70.1948 | 1033.9 | -0.01 |
| 50358 | -41.0166 | -70.1946 | 1028.9 | -0.01 |
| 50357 | -41.0166 | -70.1944 | 1026.5 | -0.01 |
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au
15
ASX Announcement
| Sample ID | Lat | Long | RL (m) | Au (ppm) |
|---|---|---|---|---|
| 50356 | -41.0166 | -70.1942 | 1025 | -0.01 |
| 50355 | -41.0166 | -70.1939 | 1025.5 | -0.01 |
| 50354 | -41.0165 | -70.1937 | 1024.2 | -0.01 |
| 50353 | -41.0165 | -70.1935 | 1019.6 | -0.01 |
| 50369 | -41.0169 | -70.1968 | 997.1 | -0.01 |
| 50368 | -41.0169 | -70.1966 | 1001 | -0.01 |
| 50367 | -41.0168 | -70.1964 | 1007.5 | -0.01 |
| 50366 | -41.0168 | -70.1961 | 1011.1 | -0.01 |
| 50365 | -41.0167 | -70.1959 | 1018.1 | -0.01 |
| 50364 | -41.0167 | -70.1957 | 1025.3 | -0.01 |
| 50363 | -41.0167 | -70.1955 | 1030.3 | -0.01 |
| 50362 | -41.0167 | -70.1953 | 1036.4 | -0.01 |
| 50275 | -41.0321 | -70.1922 | 1001.3 | 0.1 |
| 50274 | -41.0321 | -70.1924 | 994.5 | -0.01 |
| 50273 | -41.0321 | -70.1927 | 991.2 | 0.04 |
| 50272 | -41.0321 | -70.1929 | 986 | 0.02 |
| 50271 | -41.0322 | -70.1931 | 983.2 | 0.02 |
| 50269 | -41.0322 | -70.1933 | 979.1 | 0.06 |
| 50268 | -41.0322 | -70.1936 | 976 | 0.03 |
| 50267 | -41.0322 | -70.1938 | 971.2 | 0.05 |
| 50283 | -41.0126 | -70.1969 | 997.2 | 0.02 |
| 50282 | -41.0126 | -70.1972 | 998.1 | -0.01 |
| 50281 | -41.0126 | -70.1974 | 993.9 | -0.01 |
| 50280 | -41.0127 | -70.1976 | 994.8 | -0.01 |
| 50279 | -41.0127 | -70.1978 | 979.2 | -0.01 |
| 50278 | -41.0127 | -70.1984 | 967.5 | -0.01 |
| 50277 | -41.032 | -70.1917 | 1000 | 0.07 |
| 50276 | -41.032 | -70.192 | 1001.6 | -0.01 |
| 50258 | -41.0319 | -70.1942 | 979.9 | 0.01 |
| 50257 | -41.0318 | -70.194 | 984.1 | 0.01 |
| 50256 | -41.0318 | -70.1937 | 985.6 | 0.01 |
| 50254 | -41.0318 | -70.1935 | 989.7 | 0.01 |
| 50253 | -41.0317 | -70.1933 | 989.7 | 0.04 |
| 50252 | -41.0317 | -70.1931 | 1000.5 | -0.01 |
| 50251 | -41.0317 | -70.1928 | 1004 | -0.01 |
| 50250 | -41.0317 | -70.1926 | 1006.8 | -0.01 |
| 50266 | -41.0323 | -70.194 | 969 | 0.11 |
| 50265 | -41.0323 | -70.1942 | 964.1 | 0.02 |
| 50264 | -41.0323 | -70.1945 | 961.5 | 0.29 |
| 50263 | -41.032 | -70.1953 | 968.3 | 10.91 |
| 50262 | -41.032 | -70.1951 | 971.2 | 0.93 |
| 50261 | -41.032 | -70.1949 | 973.7 | 0.02 |
| 50260 | -41.0319 | -70.1947 | 975.1 | 0.03 |
| 50259 | -41.0319 | -70.1944 | 977.9 | -0.01 |
| 50309 | -41.0141 | -70.1945 | 1005.9 | -0.01 |
| 50308 | -41.0142 | -70.1952 | 991.3 | -0.01 |
| 50307 | -41.0142 | -70.1956 | 997.2 | -0.01 |
| 50306 | -41.0147 | -70.1974 | 975.4 | -0.01 |
| 50305 | -41.0146 | -70.1976 | 976.7 | -0.01 |
| 50304 | -41.0146 | -70.1979 | 969.7 | -0.01 |
| 50303 | -41.0148 | -70.198 | 980.7 | -0.01 |
| 50302 | -41.0147 | -70.1982 | 968.2 | 0.13 |
| 50318 | -41.0151 | -70.1962 | 996.6 | -0.01 |
| 50317 | -41.0151 | -70.196 | 993 | -0.01 |
| 50316 | -41.0151 | -70.1958 | 991.3 | -0.01 |
| 50314 | -41.015 | -70.1956 | 991.9 | -0.01 |
| 50313 | -41.0149 | -70.1948 | 1004.4 | -0.01 |
| 50312 | -41.0149 | -70.1946 | 1008 | -0.01 |
| 50311 | -41.0138 | -70.1919 | 1034.1 | 0.04 |
| 50310 | -41.0139 | -70.1932 | 1035.4 | -0.01 |
| 50292 | -41.0124 | -70.1949 | 996 | -0.01 |
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au
16
ASX Announcement
| Sample ID | Lat | Long | RL (m) | Au (ppm) |
|---|---|---|---|---|
| 50291 | -41.0125 | -70.1953 | 1000.1 | -0.01 |
| 50290 | -41.0125 | -70.1956 | 1004.9 | -0.01 |
| 50289 | -41.0125 | -70.1958 | 1007.2 | -0.01 |
| 50288 | -41.0125 | -70.1958 | 1005.8 | -0.01 |
| 50287 | -41.0127 | -70.1963 | 1010.2 | -0.01 |
| 50286 | -41.0124 | -70.1964 | 1004 | -0.01 |
| 50284 | -41.0124 | -70.1967 | 998.9 | -0.01 |
| 50301 | -41.0149 | -70.1985 | 974.8 | -0.01 |
| 50299 | -41.0148 | -70.1989 | 967.7 | -0.01 |
| 50298 | -41.0149 | -70.2002 | 955.9 | -0.01 |
| 50297 | -41.0137 | -70.1986 | 971.7 | -0.01 |
| 50296 | -41.0132 | -70.1973 | 998.9 | -0.01 |
| 50295 | -41.0134 | -70.1966 | 999.2 | -0.01 |
| 50294 | -41.0134 | -70.196 | 1012.4 | -0.01 |
| 50293 | -41.0132 | -70.1927 | 1020.8 | -0.01 |
| 51257 | -41.0206 | -70.1864 | 1119.5 | -0.01 |
| 51256 | -41.0206 | -70.1862 | 1121.1 | -0.01 |
| 51255 | -41.0206 | -70.1859 | 1121.6 | -0.01 |
| 51254 | -41.0205 | -70.1857 | 1124.4 | -0.01 |
| 51253 | -41.0205 | -70.1854 | 1122.1 | -0.01 |
| 51252 | -41.0205 | -70.1852 | 1120.1 | -0.01 |
| 51251 | -41.0204 | -70.185 | 1117.6 | -0.01 |
| 51249 | -41.0204 | -70.1847 | 1109.1 | -0.01 |
| 51266 | -41.0211 | -70.19 | 1100.2 | -0.01 |
| 51264 | -41.0209 | -70.1894 | 1111.7 | -0.01 |
| 51263 | -41.0209 | -70.1889 | 1114.8 | 0.54 |
| 51262 | -41.0208 | -70.1886 | 1116.3 | -0.01 |
| 51261 | -41.0208 | -70.1883 | 1119.5 | -0.01 |
| 51260 | -41.0208 | -70.188 | 1117.9 | -0.01 |
| 51259 | -41.0207 | -70.1868 | 1116.8 | -0.01 |
| 51258 | -41.0206 | -70.1866 | 1117.6 | -0.01 |
| 51239 | -41.0196 | -70.1848 | 1106.1 | -0.01 |
| 51238 | -41.0197 | -70.185 | 1106.6 | -0.01 |
| 51237 | -41.0197 | -70.1852 | 1106 | -0.01 |
| 51236 | -41.0197 | -70.1854 | 1104.4 | -0.01 |
| 51234 | -41.0196 | -70.1838 | 1090.2 | -0.01 |
| 51233 | -41.0198 | -70.1857 | 1104 | -0.01 |
| 51232 | -41.0198 | -70.1859 | 1106 | -0.01 |
| 51231 | -41.0198 | -70.1861 | 1102.2 | -0.01 |
| 51248 | -41.0204 | -70.1845 | 1106.9 | -0.01 |
| 51247 | -41.0204 | -70.1843 | 1107.2 | -0.01 |
| 51246 | -41.0204 | -70.1841 | 1102.2 | -0.01 |
| 51245 | -41.0204 | -70.1839 | 1097.6 | -0.01 |
| 51244 | -41.0203 | -70.1836 | 1095 | -0.01 |
| 51243 | -41.0203 | -70.1834 | 1086.1 | -0.01 |
| 51241 | -41.0196 | -70.1843 | 1100.4 | -0.01 |
| 51240 | -41.0196 | -70.1845 | 1105.9 | -0.01 |
| 51291 | -41.0219 | -70.1965 | 1054.2 | -0.01 |
| 51290 | -41.0218 | -70.1962 | 1061.3 | -0.01 |
| 51289 | -41.0218 | -70.196 | 1066.9 | 0.01 |
| 51288 | -41.0218 | -70.1958 | 1073.1 | -0.01 |
| 51287 | -41.0218 | -70.1956 | 1078.2 | -0.01 |
| 51286 | -41.0217 | -70.1954 | 1076.7 | -0.01 |
| 51285 | -41.0217 | -70.195 | 1082.9 | -0.01 |
| 51284 | -41.0217 | -70.1948 | 1085 | -0.01 |
| 51300 | -41.0219 | -70.1984 | 1032.1 | -0.01 |
| 51299 | -41.0219 | -70.1981 | 1035.7 | 0.02 |
| 51298 | -41.0219 | -70.1979 | 1038.5 | 0.01 |
| 51297 | -41.0219 | -70.1976 | 1044.3 | -0.01 |
| 51296 | -41.0219 | -70.1974 | 1045.1 | 0.01 |
| 51294 | -41.0219 | -70.1972 | 1051.5 | -0.01 |
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au
17
ASX Announcement
| Sample ID | Lat | Long | RL (m) | Au (ppm) |
|---|---|---|---|---|
| 51293 | -41.0219 | -70.1969 | 1053.6 | -0.01 |
| 51292 | -41.0219 | -70.1967 | 1053.8 | -0.01 |
| 51274 | -41.0214 | -70.1927 | 1104.4 | -0.01 |
| 51273 | -41.0214 | -70.1924 | 1101.7 | -0.01 |
| 51272 | -41.0214 | -70.1922 | 1099.4 | -0.01 |
| 51271 | -41.0213 | -70.192 | 1094.1 | -0.01 |
| 51270 | -41.0212 | -70.1917 | 1091.9 | -0.01 |
| 51269 | -41.0212 | -70.1914 | 1092.8 | -0.01 |
| 51268 | -41.0211 | -70.1905 | 1097.7 | -0.01 |
| 51267 | -41.0211 | -70.1903 | 1099.8 | -0.01 |
| 51283 | -41.0216 | -70.1946 | 1088.1 | -0.01 |
| 51282 | -41.0216 | -70.1944 | 1087.5 | -0.01 |
| 51281 | -41.0216 | -70.1942 | 1089.8 | -0.01 |
| 51279 | -41.0215 | -70.1938 | 1097.7 | -0.01 |
| 51278 | -41.0215 | -70.1936 | 1101.7 | -0.01 |
| 51277 | -41.0215 | -70.1933 | 1101.7 | -0.01 |
| 51276 | -41.0215 | -70.1931 | 1105.7 | -0.01 |
| 51275 | -41.0214 | -70.1929 | 1105.3 | -0.01 |
| 51186 | -41.021 | -70.1957 | 1060.2 | -0.01 |
| 51185 | -41.021 | -70.1958 | 1053.4 | -0.01 |
| 51184 | -41.021 | -70.1959 | 1048.6 | -0.01 |
| 51183 | -41.0211 | -70.1962 | 1046.7 | -0.01 |
| 51182 | -41.0211 | -70.1964 | 1045.3 | -0.01 |
| 51181 | -41.0211 | -70.1966 | 1043.4 | -0.01 |
| 51180 | -41.0211 | -70.1969 | 1041.2 | 0.02 |
| 51179 | -41.0212 | -70.1973 | 1035.5 | 0.02 |
| 51195 | -41.0208 | -70.1939 | 1086.3 | -0.01 |
| 51194 | -41.0208 | -70.1941 | 1075.7 | -0.01 |
| 51193 | -41.0208 | -70.1944 | 1072.4 | -0.01 |
| 51192 | -41.0208 | -70.1946 | 1070.4 | -0.01 |
| 51191 | -41.0209 | -70.1948 | 1069.7 | -0.01 |
| 51189 | -41.0209 | -70.195 | 1067.3 | -0.01 |
| 51188 | -41.0209 | -70.1952 | 1062.6 | -0.01 |
| 51187 | -41.0209 | -70.1955 | 1061.6 | -0.01 |
| 51169 | -41.0214 | -70.1996 | 1017.2 | -0.01 |
| 51168 | -41.0215 | -70.1997 | 1017.5 | -0.01 |
| 51167 | -41.0215 | -70.2 | 1013.6 | -0.01 |
| 51166 | -41.0216 | -70.2002 | 1008.6 | -0.01 |
| 51165 | -41.0216 | -70.2004 | 1004.9 | -0.01 |
| 51164 | -41.0216 | -70.2007 | 999.5 | -0.01 |
| 51163 | -41.0216 | -70.201 | 993.1 | -0.01 |
| 51162 | -41.0217 | -70.2012 | 987.4 | -0.01 |
| 51178 | -41.0212 | -70.1975 | 1034.5 | -0.01 |
| 51177 | -41.0212 | -70.1977 | 1032.4 | -0.01 |
| 51176 | -41.0213 | -70.1979 | 1027.7 | -0.01 |
| 51174 | -41.0213 | -70.1984 | 1029.5 | -0.01 |
| 51173 | -41.0214 | -70.1987 | 1031.3 | -0.01 |
| 51172 | -41.0214 | -70.1988 | 1026.4 | -0.01 |
| 51171 | -41.0214 | -70.1991 | 1024.4 | -0.01 |
| 51170 | -41.0215 | -70.1993 | 1025.4 | -0.01 |
| 51221 | -41.0201 | -70.1884 | 1106 | -0.01 |
| 51219 | -41.0201 | -70.1887 | 1106 | -0.01 |
| 51218 | -41.0202 | -70.1889 | 1102 | -0.01 |
| 51217 | -41.0202 | -70.1892 | 1103.6 | 0.01 |
| 51216 | -41.0202 | -70.1894 | 1106.2 | -0.01 |
| 51215 | -41.0202 | -70.1896 | 1108 | -0.01 |
| 51214 | -41.0203 | -70.1898 | 1109.4 | -0.01 |
| 51213 | -41.0203 | -70.1901 | 1108.5 | -0.01 |
| 51230 | -41.0199 | -70.1864 | 1100.9 | -0.01 |
| 51229 | -41.0199 | -70.1866 | 1100.5 | -0.01 |
| 51228 | -41.0199 | -70.1869 | 1097.9 | -0.01 |
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au
18
ASX Announcement
| Sample ID | Lat | Long | RL (m) | Au (ppm) |
|---|---|---|---|---|
| 51227 | -41.02 | -70.1871 | 1098.4 | -0.01 |
| 51226 | -41.02 | -70.1874 | 1111.2 | -0.01 |
| 51225 | -41.02 | -70.1877 | 1107.5 | 0.03 |
| 51224 | -41.0201 | -70.188 | 1108.6 | 0.11 |
| 51223 | -41.0201 | -70.1882 | 1106.9 | -0.01 |
| 51203 | -41.0206 | -70.1921 | 1092.1 | -0.01 |
| 51202 | -41.0206 | -70.1923 | 1093.6 | -0.01 |
| 51201 | -41.0206 | -70.1926 | 1094.8 | -0.01 |
| 51200 | -41.0206 | -70.1928 | 1096.1 | -0.01 |
| 51199 | -41.0207 | -70.193 | 1100.5 | -0.01 |
| 51198 | -41.0207 | -70.1932 | 1094.7 | -0.01 |
| 51197 | -41.0207 | -70.1934 | 1094.5 | -0.01 |
| 51196 | -41.0207 | -70.1937 | 1091.2 | -0.01 |
| 51212 | -41.0204 | -70.1903 | 1105.1 | -0.01 |
| 51211 | -41.0204 | -70.1905 | 1104.2 | -0.01 |
| 51210 | -41.0204 | -70.1907 | 1094 | -0.01 |
| 51209 | -41.0204 | -70.191 | 1091.4 | 0.01 |
| 51208 | -41.0204 | -70.1912 | 1087.4 | -0.01 |
| 51207 | -41.0205 | -70.1914 | 1086.5 | -0.01 |
| 51206 | -41.0205 | -70.1917 | 1079.4 | -0.01 |
| 51204 | -41.0205 | -70.1919 | 1083.1 | -0.01 |
| 51118 | -41.0199 | -70.195 | 1078.8 | -0.01 |
| 51117 | -41.0199 | -70.1947 | 1083.1 | -0.01 |
| 51116 | -41.0199 | -70.1945 | 1084.5 | -0.01 |
| 51114 | -41.0198 | -70.1943 | 1085.9 | -0.01 |
| 51113 | -41.0198 | -70.194 | 1087.4 | -0.01 |
| 51112 | -41.0198 | -70.1938 | 1085.5 | -0.01 |
| 51111 | -41.0198 | -70.1936 | 1082 | -0.01 |
| 51110 | -41.0197 | -70.1934 | 1078.9 | -0.01 |
| 51126 | -41.0201 | -70.1968 | 1048.3 | -0.01 |
| 51125 | -41.0201 | -70.1966 | 1057.9 | -0.01 |
| 51124 | -41.0201 | -70.1963 | 1056.8 | -0.01 |
| 51123 | -41.0201 | -70.1962 | 1057.8 | -0.01 |
| 51122 | -41.02 | -70.1959 | 1066.5 | -0.01 |
| 51121 | -41.02 | -70.1956 | 1067.1 | -0.01 |
| 51120 | -41.02 | -70.1955 | 1071.2 | -0.01 |
| 51119 | -41.02 | -70.1952 | 1073.9 | -0.01 |
| 51101 | -41.0195 | -70.1913 | 1095.5 | -0.01 |
| 51099 | -41.0195 | -70.1911 | 1105.4 | -0.01 |
| 51098 | -41.0194 | -70.1909 | 1107.6 | -0.01 |
| 51097 | -41.0194 | -70.1906 | 1111.2 | -0.01 |
| 51096 | -41.0194 | -70.1904 | 1106.7 | -0.01 |
| 51095 | -41.0193 | -70.1901 | 1105 | -0.01 |
| 51094 | -41.0193 | -70.1899 | 1096.2 | -0.01 |
| 51093 | -41.0193 | -70.1897 | 1093.7 | -0.01 |
| 51109 | -41.0197 | -70.1932 | 1079.2 | -0.01 |
| 51108 | -41.0197 | -70.193 | 1076.3 | -0.01 |
| 51107 | -41.0197 | -70.1928 | 1071.7 | -0.01 |
| 51106 | -41.0197 | -70.1926 | 1067 | -0.01 |
| 51105 | -41.0196 | -70.1922 | 1069 | -0.01 |
| 51104 | -41.0196 | -70.192 | 1076.4 | -0.01 |
| 51103 | -41.0196 | -70.1917 | 1085.1 | -0.01 |
| 51102 | -41.0195 | -70.1915 | 1091.2 | -0.01 |
| 51152 | -41.0207 | -70.202 | 1005.1 | -0.01 |
| 51151 | -41.0207 | -70.2018 | 1006.6 | -0.01 |
| 51150 | -41.0207 | -70.2016 | 1009.3 | -0.01 |
| 51149 | -41.0207 | -70.2013 | 1009.5 | -0.01 |
| 51148 | -41.0206 | -70.2011 | 999.2 | -0.01 |
| 51147 | -41.0206 | -70.2008 | 995.9 | -0.01 |
| 51146 | -41.0206 | -70.2006 | 994.4 | -0.01 |
| 51144 | -41.0205 | -70.2004 | 993.5 | -0.01 |
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au
19
ASX Announcement
| Sample ID | Lat | Long | RL (m) | Au (ppm) |
|---|---|---|---|---|
| 51161 | -41.0217 | -70.2013 | 987.3 | 0.01 |
| 51159 | -41.0216 | -70.2015 | 983.8 | -0.01 |
| 51158 | -41.0216 | -70.2016 | 978.8 | -0.01 |
| 51157 | -41.0218 | -70.202 | 976.7 | -0.01 |
| 51156 | -41.0219 | -70.2024 | 973.4 | -0.01 |
| 51155 | -41.0208 | -70.2025 | 1000 | -0.01 |
| 51154 | -41.0218 | -70.2022 | 968.3 | 0 |
| 51153 | -41.0208 | -70.2022 | 1003.5 | -0.01 |
| 51135 | -41.0203 | -70.1984 | 1027.3 | -0.01 |
| 51134 | -41.0203 | -70.1981 | 1030.2 | -0.01 |
| 51133 | -41.0203 | -70.1979 | 1031.1 | -0.01 |
| 51132 | -41.0202 | -70.1976 | 1036.1 | -0.01 |
| 51131 | -41.0202 | -70.1976 | 1038 | -0.01 |
| 51129 | -41.0202 | -70.1975 | 1042.4 | -0.01 |
| 51128 | -41.0202 | -70.1972 | 1042.6 | -0.01 |
| 51127 | -41.0202 | -70.197 | 1048.7 | -0.01 |
| 51143 | -41.0205 | -70.2002 | 990.2 | -0.01 |
| 51142 | -41.0205 | -70.1999 | 986 | -0.01 |
| 51141 | -41.0205 | -70.1997 | 984.8 | -0.01 |
| 51140 | -41.0204 | -70.1994 | 992 | -0.01 |
| 51139 | -41.0204 | -70.1992 | 997 | -0.01 |
| 51138 | -41.0204 | -70.199 | 1006.8 | -0.01 |
| 51137 | -41.0204 | -70.1988 | 1018 | -0.01 |
| 51136 | -41.0204 | -70.1986 | 1023.2 | -0.01 |
| 51049 | -41.0178 | -70.1914 | 1070.1 | -0.01 |
| 51048 | -41.0178 | -70.1912 | 1070.4 | -0.01 |
| 51047 | -41.0178 | -70.191 | 1063.5 | -0.01 |
| 51046 | -41.0178 | -70.1909 | 1067.6 | -0.01 |
| 51045 | -41.0177 | -70.1906 | 1063.6 | -0.01 |
| 51044 | -41.0177 | -70.1904 | 1066.5 | -0.01 |
| 51043 | -41.0177 | -70.1902 | 1063.5 | -0.01 |
| 51042 | -41.0177 | -70.1899 | 1058.2 | -0.01 |
| 51058 | -41.0182 | -70.1873 | 1053.2 | -0.01 |
| 51057 | -41.0182 | -70.1876 | 1045.3 | -0.01 |
| 51056 | -41.0183 | -70.1878 | 1041.2 | -0.01 |
| 51054 | -41.0183 | -70.188 | 1042.4 | -0.01 |
| 51053 | -41.0179 | -70.1924 | 1066.5 | -0.01 |
| 51052 | -41.0179 | -70.1921 | 1068.4 | -0.01 |
| 51051 | -41.0179 | -70.1919 | 1066.4 | -0.01 |
| 51050 | -41.0179 | -70.1917 | 1069.7 | -0.01 |
| 51032 | -41.0188 | -70.1927 | 1055.7 | -0.01 |
| 51031 | -41.0189 | -70.1929 | 1045.8 | -0.01 |
| 51030 | -41.0189 | -70.1931 | 1053.6 | 0.01 |
| 51029 | -41.0189 | -70.1933 | 1066 | -0.01 |
| 51028 | -41.019 | -70.1936 | 1066.8 | -0.01 |
| 51027 | -41.019 | -70.1938 | 1070.9 | -0.01 |
| 51026 | -41.019 | -70.194 | 1071.7 | -0.01 |
| 51024 | -41.019 | -70.1943 | 1072.4 | -0.01 |
| 51041 | -41.0177 | -70.1897 | 1053.8 | -0.01 |
| 51039 | -41.0176 | -70.1895 | 1051.3 | -0.01 |
| 51038 | -41.0176 | -70.1892 | 1056.4 | -0.01 |
| 51037 | -41.0187 | -70.1916 | 1088.4 | -0.01 |
| 51036 | -41.0187 | -70.1918 | 1082.7 | -0.01 |
| 51035 | -41.0188 | -70.192 | 1078.3 | -0.01 |
| 51034 | -41.0188 | -70.1922 | 1070.8 | -0.01 |
| 51033 | -41.0188 | -70.1924 | 1067.9 | 0.01 |
| 51083 | -41.0191 | -70.1879 | 1075.5 | -0.01 |
| 51082 | -41.0191 | -70.1877 | 1084.2 | 0.32 |
| 51081 | -41.0191 | -70.1873 | 1086.4 | 0.01 |
| 51080 | -41.019 | -70.1871 | 1082.3 | 0.02 |
| 51079 | -41.0189 | -70.1868 | 1075.1 | 0.03 |
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au
20
ASX Announcement
| Sample ID | Lat | Long | RL (m) | Au (ppm) |
|---|---|---|---|---|
| 51078 | -41.0189 | -70.1866 | 1073 | -0.01 |
| 51077 | -41.0188 | -70.1864 | 1073.4 | -0.01 |
| 51076 | -41.0188 | -70.1861 | 1069.2 | -0.01 |
| 51092 | -41.0193 | -70.1896 | 1085.5 | -0.01 |
| 51091 | -41.0193 | -70.1893 | 1077.4 | -0.01 |
| 51090 | -41.0192 | -70.1891 | 1074.1 | -0.01 |
| 51089 | -41.0192 | -70.1889 | 1074 | 0.04 |
| 51088 | -41.0192 | -70.1886 | 1082.3 | -0.01 |
| 51087 | -41.0192 | -70.1884 | 1077.6 | -0.01 |
| 51086 | -41.0192 | -70.1883 | 1076.1 | -0.01 |
| 51084 | -41.0192 | -70.1882 | 1074.6 | -0.01 |
| 51066 | -41.018 | -70.1855 | 1061.8 | -0.01 |
| 51065 | -41.018 | -70.1857 | 1057.8 | -0.01 |
| 51064 | -41.018 | -70.1859 | 1057 | -0.01 |
| 51063 | -41.0181 | -70.186 | 1053 | -0.01 |
| 51062 | -41.0181 | -70.1864 | 1052.7 | -0.01 |
| 51061 | -41.0181 | -70.1867 | 1041.5 | 0.02 |
| 51060 | -41.0181 | -70.1869 | 1056.8 | 0.11 |
| 51059 | -41.0182 | -70.1871 | 1053.4 | 0.01 |
| 51075 | -41.0188 | -70.1859 | 1067.7 | -0.01 |
| 51074 | -41.0188 | -70.1857 | 1068 | -0.01 |
| 51073 | -41.0188 | -70.1854 | 1072.7 | -0.01 |
| 51072 | -41.0187 | -70.1852 | 1077.8 | -0.01 |
| 51071 | -41.0187 | -70.185 | 1077.6 | -0.01 |
| 51069 | -41.0187 | -70.1847 | 1074.1 | -0.01 |
| 51068 | -41.0187 | -70.1845 | 1068.4 | -0.01 |
| 51067 | -41.0188 | -70.1843 | 1068.4 | -0.01 |
| 51531 | -41.0234 | -70.1883 | 1064.1 | -0.01 |
| 51530 | -41.0234 | -70.1885 | 1061.3 | -0.01 |
| 51529 | -41.0235 | -70.189 | 1067.9 | -0.01 |
| 51528 | -41.0235 | -70.1892 | 1078.1 | -0.01 |
| 51527 | -41.0235 | -70.1894 | 1080.3 | 0.04 |
| 51526 | -41.0235 | -70.1896 | 1087.1 | -0.01 |
| 51525 | -41.0235 | -70.1899 | 1087.5 | -0.01 |
| 51524 | -41.0236 | -70.1901 | 1088.1 | -0.01 |
| 51540 | -41.023 | -70.1855 | 1104.6 | -0.01 |
| 51539 | -41.023 | -70.1857 | 1100.3 | -0.01 |
| 51538 | -41.0231 | -70.186 | 1086.2 | -0.01 |
| 51537 | -41.0231 | -70.1862 | 1083.6 | -0.01 |
| 51536 | -41.0231 | -70.1864 | 1080.4 | -0.01 |
| 51534 | -41.0232 | -70.1867 | 1071.5 | -0.01 |
| 51533 | -41.0232 | -70.187 | 1066.1 | -0.01 |
| 51532 | -41.0233 | -70.1881 | 1065.8 | -0.01 |
| 51514 | -41.0238 | -70.1922 | 1088.9 | -0.01 |
| 51513 | -41.0239 | -70.1924 | 1087 | -0.01 |
| 51512 | -41.0239 | -70.1926 | 1087.3 | -0.01 |
| 51511 | -41.0239 | -70.1929 | 1085.7 | -0.01 |
| 51510 | -41.0239 | -70.1931 | 1086.4 | -0.01 |
| 51509 | -41.024 | -70.1933 | 1089 | -0.01 |
| 51508 | -41.024 | -70.1935 | 1089.4 | -0.01 |
| 51507 | -41.024 | -70.1938 | 1086.3 | -0.01 |
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au 21
ASX Announcement
Competent Person’s Statement
Information in this report that relates to Exploration results and targets is based on, and fairly reflects, information compiled by E2 Metals Limited and Colin Brodie, a Competent Person who is a Member of the Australian Institute of Geoscientists. Mr. Brodie is a Senior Technical Advisor and consultant to E2 Metals Limited. Mr. Brodie has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which he is undertaking to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Brodie consents to the inclusion of the data in the form and context in which it appears
Forward Looking Statement
Certain statements in this announcement constitute “forward-looking statements” or “forward looking information” within the meaning of applicable securities laws. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results, and speak only as of the date of this announcement.
All such forward-looking information and statements are based on certain assumptions and analyses made by E2M’s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believe are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward looking information or statements including, but not limited to, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts to perform as agreed; changes in commodity prices; unexpected failure or inadequacy of infrastructure, or delays in the development of infrastructure, and the failure of exploration programs or other studies to deliver anticipated results or results that would justify and support continued studies, development or operations.
Readers are cautioned not to place undue reliance on forward-looking information or statements. Although the forward-looking statements contained in this announcement are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this announcement and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forwardlooking statements contained herein to reflect events or circumstances occurring after the date of this announcement.
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au
22
ASX Announcement
JORC Code Reporting Criteria Section 1 Sampling Techniques and Data
| Criteria | JORC Code Explanation | Commentary |
|---|---|---|
| Sampling Techniques |
• Nature and quality of sampling(e.g.cut channels, random chips, orspecificspecialized industry standardmeasurement tools appropriate tothe minerals under investigation, suchasdown hole gamma sondes, orhandheldXRF instruments, etc). Theseexamplesshould not be taken as limiting the broadmeaning ofsampling. • Include reference to measurestakento ensure sample representativity and the appropriate calibration ofanymeasurement tools or systems used. |
Quila Mahuida composite rock sampling • Sampling was undertaken on a grid pattern on lines perpendicular to the main trends of quartz veins and veinlets identified during reconnaissance mapping • Lines on the grid were spaced 40m apart and samples taken as composites over intervals of 20m. • Composite sampling over these 20m intervals was done by taking a small representative sample of whatever rock or float material that was encountered every metre with a rope marked with knots at 1m intervals to control this spacing. When there was insufficient material representative of bed-rock at the 1m intervals the geologist walked over the 20m interval collecting float fragments of what was visually estimated to be a representative sample. • A small sample was taken from the central part of each sample interval for spectral analysis by an Orexpress instrument. • Sample locations are determined bya handheld GPS |
| Drilling Techniques |
• Drill type (e.g. core,reverse circulation,open‐hole hammer, rotaryairblast, auger, Bangka, sonic, etc) anddetails (e.g. core diameter, tripleorstandard tube, depth of diamondtails,face‐sampling bit or other type,whethercore is oriented and if so, by what method, etc). |
• No drill results are referenced in this announcement |
| Drill Sample Recovery |
• Method of recording andassessingcore and chip sample recoveriesandresultsassessed. • Measures taken to maximisesamplerecovery and ensurerepresentativenature of thesamples. |
• No drill results are referenced in this announcement |
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23
ASX Announcement
| Criteria | JORC Code Explanation | Commentary |
|---|---|---|
| • Whether a relationshipexistsbetween sample recovery and gradeandwhether sample bias may haveoccurreddue to preferential loss/gainof fine/coarsematerial. |
||
| • Logging |
• Whether core and chip sampleshavebeen geologically andgeotechnicallylogged to a level of detail tosupportappropriate MineralResource estimation,mining studiesandmetallurgicalstudies. |
Quila Mahuida composite rock sampling Systematic geological logging was undertaken using a hand lens to closely examine the sampled material Data collected includes: • Lithology • Relationship between lithologies. • Alteration extent, nature and intensity. • Oxidation extent, mineralogy and intensity. • Quartz vein types, occurrence, width, textures and any relevant observation. • Structure types, width and measurements of dip and dip direction. • Crucial zones of interest were reviewed later. • Total width of outcrop within the 20m intervals • Estimated total width of veins/veinlets in outcrop • Estimated total width of veins/veinlets in the float material |
| • Whether logging is qualitativeorquantitative in nature. Core (orcostean,channel, etc)photography. |
Quila Mahuida composite rock sampling • Both qualitative and quantitative data is collected, though quantitative data is based on visual estimates, as described above. |
|
| • The total length and percentageofthe relevant intersectionslogged. |
• 100% of all composite rock chip sample intervals are logged |
|
| Sub- Sampling Techniques and Sample Preparation |
If core, whether cut or sawn and whether quarter, half or all core taken. |
• No drill results are referenced in this announcement |
| • If non‐core, whether riffled,tubesampled, rotary split, etc andwhethersampled wet ordry. |
Quila Mahuida composite rock sampling • Samples were collected in plastic bags of approx. 4 kg weight, properly labelled with the sample number. |
E2 Metals moves to 100% ownership in El Rosillo
E2 Metals Limited • www.e2metals.com.au
24
ASX Announcement
| Criteria | JORC Code Explanation | Commentary |
|---|---|---|
| • For all sample types, thenature,quality and appropriateness of the sample preparation technique. • Quality control proceduresadoptedfor all sub‐ sampling stages tomaximiserepresentativity of samples. • Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled. |
• In the Alex Stewart preparation laboratory facilities samples were dried and crushed until more than 80% is finer than 10 mesh size, then a 600g split is pulverized until 95% is finer than 106 microns. • Sample sizes are considered appropriate. • Field blank samples were inserted every * samples to ensure that the results do not reflect any contamination during the laboratory preparation or analysis process. |
|
| Quality of Assay Data and Laboratory Tests |
• The nature, qualityandappropriateness of the assayingandlaboratory procedures used and whetherthe technique is considered partialor total. • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. • Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established. |
Quila Mahuida composite rock sampling • Standard assay procedures performed by a reputable assay lab (Alex Stewart) were undertaken. Gold assays are by a 50g fire assay with an atomic absorption finish. Silver was read by gravimetry on micro-balance. • No geophysical tools were used in the determination of the assay results. All assay results were generated by an independent third-party laboratory as described above. • Field blank samples were inserted into the sequence |
| Verification of sampling and assaying |
• The verification ofsignificantintersections by either independentoralternative companypersonnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Discuss any adjustment to assay data. |
Quila Mahuida composite rock sampling • The raw assay data forming significant intercepts are examined and discussed by at least two company personnel. • Sample data has been collected in digital form in the field, directly as MapInfo tables with careful verification by several staff, particularly of the sample numbers and sample intervals. |
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au
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ASX Announcement
| Criteria | JORC Code Explanation | Commentary |
|---|---|---|
| • Assay data is provided by Alex Stewart in three formats, csv spreadsheets, Excel spreadsheets and signed pdf files. The csv files are used to merge the data into MapInfo files. |
||
| Location of Data Points |
• Accuracy and quality of surveysusedto locate drill holes (collar anddown‐holesurveys), trenches, mine workingsand other locations used inMineral Resourceestimation. • Specification of the gridsystem used. • Quality and adequacy oftopographic control. |
Quila Mahuida composite rock sampling • X, Y and Z coordinates were recorded during the gridding phase in the UTM projection for zone 19 South with the WGS84 datum. • The beginning of each sample interval was measured using the GPS contained within the instrument used for data recording (Samsung Galaxy S6 tablet???) accurate to ±5m. • Topographic control to date has used GPS data, which is adequate considering the small relief (<50m) in the area and early stage of this exploration. |
| Data Spacing and Distribution |
• Data spacing for reportingofExplorationResults. • Whether the data spacinganddistribution is sufficient to establishthedegree of geological and gradecontinuityappropriate for the Mineral ResourceandOre Reserve estimation procedure(s) andclassificationsapplied. • Whether sample compositing has been applied. |
Quila Mahuida composite rock sampling • Lines of composite samples were orientated to cross the interpreted mineralized veins and veinlets at a high angle in a horizontal sense. • Rock chip samples are 20m composites of all representative outcrop and float material on the sample line. |
| Orientation of Data in Relation to Geological Structure |
• Whether the orientation ofsamplingachieves unbiased sampling ofpossiblestructures and the extent to which thisisknown, considering the deposittype. • If the relationship betweenthedrilling orientation and the orientationofkey mineralized structures is consideredto have introduced a sampling bias,this should be assessed and reportedif material. |
Quila Mahuida composite rock sampling • Lines of composite samples were orientated to cross the interpreted mineralized veins and veinlets at a high angle in a horizontal sense. |
| Sample Security |
• The measures taken toensuresamplesecurity. | Quila Mahuida composite rock sampling • Chain of custody was managed by E2Metals. Samples were placed into taped polyethylene bags with sample numbers that provided no specific information on the location of the samples. Samples were transported from site to Neuquén by a hired contractor from where they were transported to Mendoza by a cargo |
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au
26
ASX Announcement
| Criteria | JORC Code Explanation | Commentary |
|---|---|---|
| service to Mendoza where preparation and final analysis was undertaken by Alex Stewart. |
||
| Audits or Reviews |
• The results of any audits orreviewsof sampling techniques anddata. |
• No audit or review of the sampling regime at Rosillo has been undertaken. |
Section 2 Reporting of Exploration
| Criteria | JORC Code Explanation | Commentary |
| Mineral Tenement and Land Tenure Status |
• Type, referencename/number,location and ownershipincluding agreements or material issueswiththird parties such as joint ventures,partnerships, overridingroyalties,native title interests, historicalsites,wilderness or national parkandenvironmental settings. • The security of the tenure held at the time of reporting along with any known impediments to obtaining a license to operate in the area. |
El Rosillo comprises one title (42048/17) totaling 9713Ha. The title is held by private Argentinean company Valcheta Exploraciones SA. The title is subject to an Option to Purchase Agreement whereby E2 can acquire 100% of the title for U$150k in E2 shares and cash. • |
| Exploration Done by Other Parties |
• Acknowledgment andappraisalof exploration by otherparties. | • There is no public record of prior exploration |
| Geology | • Deposit type, geologicalsettingand style ofmineralisation. | Rio Negro Geology and Deposit Model • Quila Mahuida is located towards the western margin of the Somun Cura Massif geological province that stretches across southern Argentina into the Chilean southern Andes. • Important precious metal deposits have been discovered in the province during the past 20 years. Gold and silver mineralisation is associated with Low Sulphidation (LS) Epithermal veins in northwesterly structures that were active at the time of |
E2 Metals moves to 100% ownership in El Rosillo
E2 Metals Limited • www.e2metals.com.au
27
ASX Announcement
| Criteria | JORC Code Explanation | Commentary |
| mineralisation. | ||
| Drill Hole Information |
• A summary of allinformationmaterial to the understanding ofthe exploration results includingatabulation of thefollowing information for all Material drillholes: • Easting and northing of the drill hole collar • Elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar • Dip and azimuth of the hole • Down hole length and interception depth • Hole length If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. |
• No drill results are referenced in this announcement |
| Data Aggregation Methods |
• In reporting ExplorationResults,weighting averagingtechniques, maximum and/or minimumgradetruncations (e.g. cutting of high grades)and cut‐off grades areusuallyMaterial and should bestated. • Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. • The assumptions used foranyreporting of metal equivalentvalues should be clearlystated. |
• Mineralised intervals for composite rock samples have been calculated using a 0.5gpt Au cut off. Gold grades are the weighted average grade of that interval |
| Relationship Between Mineralisation Widths and intercept lengths. |
• These relationshipsare particularlyimportant in thereportingof ExplorationResults. • If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. • If it is not known and only the down hole lengths are reported, there |
No follow up work is planned |
E2 Metals moves to 100% ownership in El Rosillo E2 Metals Limited • www.e2metals.com.au
28
ASX Announcement
| Criteria | JORC Code Explanation | Commentary |
| should be a clear statement to this effect (eg “down hole length, true width not known”). |
||
| Diagrams | • Appropriate maps andsections(with scales) and tabulationsof intercepts should be included foranysignificant discovery being reportedThese should include, but notbelimited to a plan view of drillholecollar locations andappropriatesectionalviews. |
Yes. |
| Balanced Reporting | • Where comprehensivereportingof all Exploration Results isnot practicable, representativereportingof both low and high grades and/orwidths should be practiced toavoidmisleading reporting of Exploration Results. |
Yes |
| Other Substantive Exploration Data |
• Other exploration data,ifmeaningful and material, shouldbe reported including (but notlimitedto): geologicalobservations; geophysical surveyresults;geochemical survey results;bulksamples – size and methodoftreatment; metallurgical testresults;bulk density,groundwater,geotechnical and rockcharacteristics; potential deleteriousor contaminating substances. |
There is no “other” exploration data to report |
| Further Work | • The nature and scale ofplannedfurther work (e.g. tests forlateral extensions or depth extensionsorlarge‐scale step‐outdrilling). • Diagrams clearly highlightingtheareas of possible extensions, includingthe main geologicalinterpretationsand future drilling areas, providedthisinformation is notcommercially sensitive. |
Scout Reverse Circulation (RC) drilling is planned subject to the receipt of statutory environmental and drill permits |
E2 Metals moves to 100% ownership in El Rosillo
E2 Metals Limited • www.e2metals.com.au
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