Summary
Paleochannel Project
- The paleochannel project is an integral component of HGO's
expected Life of Mine Plan, with
drilling to date focused on two priority areas within the
paleochannel system – Mitchell and Jupiter.
- The paleochannel system extends for over 7 kilometres south of
current mining operations (Fairplay North) and provides multiple
exploration targets along its length including extensions of the
paleochannel and the hard rock potential at depth.
- Planning for the first of the high-grade primary gold
mineralization targets is underway which will test the continuity
of the mineralization below the Jupiter paleochannel.
- This mineralization, first identified by historical drilling in
2012, had not been followed up because of the prior onerous royalty
attached to the tenement, which is now being eliminated (see RNC
news release dated May 11,
2020).
-
- Drill intersection1, 2 highlights from the Jupiter
primary mineralization are listed below:
-
- JUPR037: 234.0 g/t over 2 m
downhole from 90 m
- JUPR025: 39.2 g/t over 2 m
downhole from 64 m
- JUPR031: 4.2 g/t over 17 m
downhole from 54 m
- JUPR030: 4.7 g/t over 7m
downhole from 70 m
- Estimated true widths are 60%-70% of downhole
widths
- Intersections previously reported by Alacer Gold Corp. (news
release, March 26, 2013).
Pioneer Deposit
- New drilling by RNC has extended gold mineralization at Pioneer
and outlined a high-grade shallow, south plunging shoot which shows
clear potential for underground development. Pioneer is part of
HGO's near term mine plan.
-
- Highlights from the 2020 drill program
include1:
-
- PORR0142: 5.4 g/t over 17.0
m from 67 m, including 10.7g/t
over 6.0m
- PORR0186: 3.9 g/t over 18.0 m
from 60 m
- PORR0184: 8.5 g/t over 5.0
m from 97 m, including 16.0g/t
over 2.0 m
- PORR0138: 6.7 g/t over 9.0
m from 57 m
- Estimated true widths (Note: true widths approximate
downhole widths).
Baloo Mine extended to South
- Grade control drilling in the Baloo pit has extended high-grade
gold mineralization beyond the pit design at the southern end of
the pit.
- Six follow-up RC holes testing the extension of the
mineralization at depth were completed and confirmed the presence
of mineralization below the current pit.
-
- Highlights from the 2020 drill program
include1:
-
- BLOR0044: 5.5 g/t over 3.0 m
from 21m
- BLOR0048: 7.3 g/t over 2.0 m
from 16 m
- Drillhole intervals are estimated true widths.
- The deeper extensions of the Baloo mineralization, below the
current pit design, will be tested with infill diamond drilling
later in 2020. The historical highlights summarized below
underscore the underground potential of this deposit.
-
- Highlights of historical gold drill results1, 2 from
S2 Resources:
-
- SPC0258: 5.1 g/t over 8.0 m
from 106 m
- SPD0100: 8.4 g/t over 7.6 m
from 125.2 m
SPD0101: 5.0
g/t over 9.8m from 111.5 m
- Drillhole intervals are estimated true widths. (Note: true
widths approximate downhole widths).
- Intersections previously reported by S2 Resources Ltd. (ASX
news releases, February 10, 2016 and
December 8, 2016).
Note: Tables showing complete results and drill hole locations
can be found at the end of this news release.
TORONTO, May 19, 2020 /CNW/ - RNC Minerals (TSX: RNX)
("RNC" or the "Company") is pleased to announce positive results
from ongoing drilling at Higginsville and a further update of our
review of historical drill records. As part of the Company's open
pit pipeline development strategy, drilling is now underway at the
Jupiter project to be followed by Mitchell, two of the Company's
paleochannel deposit targets.
Paul Huet CEO and Executive Chairman RNC said, "Following the
announcement of the elimination the Morgan Stanley NSR royalties
last week (see RNC news release dated May
11, 2020), we are excited to be seeing further strong
examples of the potential at Higginsville. Not only are we seeing
further potential additions to open pit resources, but our ongoing
technical review of the historical database has revealed another
excellent high-grade target for us to pursue at the Jupiter
project.
At Jupiter, the presence of historical drilling grades in excess
of 230 g/t over two metres at relatively shallow depths
(approximately 60 metres from the surface) highlights the
tremendous upside potential at Higginsville. These results follow
on from the historic drill results from the Aquarius deposit (see
RNC news release date February 27,
2020) which are also high-grade and close to the surface.
With the elimination of the Morgan Stanley NSR royalty, these
projects will be free of this long-standing burden, which held back
exploration and mining at Higginsville for over a decade.
Over the course of 2020, we will continue to aggressively target
these new areas as we also test our existing pits for additional
ore body extensions. The commencement of drilling on the
paleochannel deposits is exciting and we look forward to continuing
to build upon the outstanding results that we have delivered thus
far at Higginsville in 2020."
Pioneer
The Pioneer gold deposit is located 13 km south south-east of
the HGO processing plant (Figure 1). RNC commenced drilling
at Pioneer late last year with the aim of upgrading and increasing
the Historical Mineral Resource. The work involved a two-stage
reverse circulation ("RC") drill program totaling 86 drill holes
for 7,953 metres. Results from the 2019 - 2020 drilling have
extended the mineralization along strike to the south and down dip
and identified a shallow, south plunging high-grade shoot (Figure
2). Further drilling is planned through the second half of 2020 to
test continuity of the mineralization at depth and test the
potential for an underground operation by drilling the interpreted
high-grade shoot extensions.
Highlights1 of gold results from the drilling are
listed below:
- PORR0138: 6.7 g/t over 9 m from
57 m
- PORR0141: 2.0 g/t over 15 m from
50 m
- PORR0142: 5.4 g/t over 17 m from
67 m, including 10.7 g/t over
6 m
- PORR0143: 5.5 g/t over 7 m from
59 m
- PORR0144: 3.5 g/t over 9 m from
66 m
- PORR0145: 4.6 g/t over 8 m from
80 m
- PORR0184: 8.5 g/t over 5 m from
97 m, including 16.0 g/t over
2 m
- PORR0186: 3.9 g/t over 18 m from
60 m
- PORR0209: 2.4 g/t over 12 m from
64 m
- Drillhole intervals are estimated true
widths (Note: true widths approximate downhole
widths).
Mineralization at Pioneer is interpreted to dip approximately
30° towards the east and is hosted within a mafic package comprised
mainly of silicified basalt with narrow, cherty interflow
sediments. Mineralization is interpreted as bounded by steeply east
dipping, north northeast trending regional shears.
Baloo
Grade control drilling and follow-up RC drilling (6 holes for
262 metres) in the Baloo pit has extended the high-grade
mineralization beyond the pit design at the southern end of the pit
(Figure 3). Results from the grade control drilling and the deeper
follow-up holes will be used to extend the existing pit design.
Potential to extend the northern end of the pit at depth is also
under review as supported by earlier released drill results (see
RNC news release, Jan. 23, 2020).
Drill intersection1 gold result highlights from the
March RC program are listed below:
- BLOR0044: 5.5 g/t over 3.0 m from
21 m
- BLOR0048: 7.3 g/t over 2.0 m from
16 m
- Drillhole intervals are estimated true
widths.
The deeper sections of the Baloo historical resource are planned
to be tested with infill diamond drilling later in 2020. A review
of previous exploration work completed by S2 Resources ("S2") shows
that mineralization extends over 300
m below surface with a number of significant intersections
just below the current pit design highlighting the potential to
extend the mine life of this deposit with an underground operation
(Figure 3). Highlights of gold results from the S2 drill
intersections1 (S2 Resources Ltd., ASX news
releases, February 10, 2016, December
8, 2016 and February 13, 2017)
are listed below:
- SPC0258: 5.1 g/t over 8.0 m from
106 m
- SPD0100: 8.4 g/t over 7.6 m from
125.2 m
- SPD0101: 5.0 g/t over 9.8m from
111.5 m
- Drillhole intervals are estimated true
widths (Note: true widths approximate downhole
widths).
Mineralization at Baloo is located on the Buldania Fault, a
north north-west striking fault dipping shallowly approximately 30°
to the east. Alteration comprises biotite +/‐pyrite‐arsenopyrite
with multiple generations of veining present within the Fault zone.
Gold mineralization is associated with quartz‐arsenopyrite‐pyrite
veining.
Paleochannel Project
The paleochannel deposits at Higginsville are an integral part
of the expected HGO mine plan. RNC is focused on three primary
Paleochannel deposits: Mitchell, Jupiter and Pluto. Jupiter and
Pluto belong to the Challenger paleochannel system which lies 3 kms
east of the Mitchell paleochannel (Figure 1).
Historical mine production totaled 2.1 Mt @ 3.4 g/t (232,000
contained gold ounces). The existing Historical Indicated
Mineral Resource of 1.5 Mt @ 2.2 g/t for 102,000 contained gold
ounces and a Historical Inferred Mineral Resource of 0.3 Mt @ 2.1
g/t for 14,000 contained gold ounces (see technical report dated
February 6, 2020 under Royal Nickel
Corporation's profile at sedar.com) was part of the acquisition of
Higginsville . A qualified person has not done sufficient work on
behalf of RNC to classify the historical estimates as current
mineral resources or mineral reserves and RNC is not treating the
historical estimates as current mineral resources or mineral
reserves.
The remaining paleochannel historical resources were assessed
and prioritized for follow-up drilling. This work resulted in all
three areas (Mitchell, Jupiter and Pluto) being targeted for infill
and extensional drilling, with the objective of upgrading and
adding to the historical mineral resources. Drilling will also test
the continuity of primary mineralization previously intersected at
the Jupiter prospect, with the objective of producing a Mineral
Resource estimate for this mineralization.
Drilling of an expected total of 4,060
m is planned in two stages. Stage one will comprise 33 drill
holes for 2,140 m, targeting both the
Jupiter primary and overlying paleochannel mineralization and
infill the Mitchell 3 and 4 Historical Mineral Resources. Stage two
will comprise 32 drill holes for 1,920
m, targeting an upgrade and extension of the Pluto
Historical Mineral Resource.
RNC's initial focus will be to improve confidence in the
historical high-grade intersections with the objective of defining
a Mineral Resource for mine evaluation. This will be driven in
tandem with results from the paleochannel which overlies the
primary mineralization. Highlights of historical drill
intersection1 gold results from the primary
mineralization are listed below (see Alacer Gold Corp. news
release, March 26, 2013):
- JUPR037: 234.0 g/t over 2 m
downhole from 90 m
- JUPR025: 39.2 g/t over 2 m
downhole from 64 m
- JUPR031: 4.2 g/t over 17 m
downhole from 54 m
- JUPR030: 4.7 g/t over 7m downhole
from 70 m
- Estimated true widths are 60%-70% of downhole widths.
Paleochannel Deposits at Higginsville
Paleochannel gold deposits comprise both ancient placer gold,
normally near the base of the channel-fill sequences, and
chemically precipitated secondary gold within the channel-fill
materials and underlying saprolite. These gold concentrations
commonly overlie, or are adjacent to, primary mineralized zones
within Archaean bedrock. At Jupiter, the primary mineralization,
discovered by Alacer in 2012, begins approximately 50 metres below
surface and is associated with a north-south steeply dipping shear
structure hosted within Paringa basalt (Figure 4). Mineralization
is associated with tensional quartz-(chlorite-carbonate) veining
and sulphides (pyrite) with visible gold occurring in some
intersections. The structure is variably mineralized for over 1 km
of strike.
Compliance Statement (JORC 2012 and NI 43-101)
The disclosure of scientific and technical information contained
in this news release has been reviewed and approved by Stephen
Devlin, FAusIMM, Vice-President Exploration & Growth, Salt Lake
Mining Pty Ltd, a 100% owned subsidiary of RNC, a Qualified Person
for the purposes of NI 43-101.
At the Higginsville Gold Operation reverse circulation chip
sampling was conducted by RNC personnel. Samples are transported to
Bureau Veritas Minerals Pty Ltd of Kalgoorlie
and Perth for preparation and assaying by 40gram
(approx.) fire assay analytical method. Analytical accuracy and
precision are monitored by the analysis of duplicates, additional
blank material and certified standards inserted in the sample
stream. Samples are weighed as received, dried and split to less
than 3kg then pulverised by LM-5 to ensure a minimum 90% passing at
-75µm.
The historical data referenced in this release has been reviewed
under the supervision of Stephen Devlin, Vice-President, VP
Exploration & Growth, Salt Lake Mining Pty Ltd, a 100% owned
subsidiary of RNC, a Qualified Person for the purposes of NI
43-101, and is supported by relevant monthly exploration
reports and historic mineral resource reports which detail the
QA/QC procedures used on drill samples and provide analysis of the
results of all associated QA/QC samples including blanks, standards
(CRM samples), check assays and duplicates. All drilling from
2004 to present followed industry standard practices, with pre-2004
historic drilling not detailed but assumed to be similar to current
practices (sources for such historical drill results are identified
where applicable above). A qualified person has not done sufficient
work to classify the historical estimates as current mineral
resources and RNC is not treating the historical estimates as
current mineral resources.
About RNC Minerals
RNC is focused on growing gold production and reducing costs at
its integrated Beta Hunt Gold Mine and Higginsville Gold Operations
("HGO") in Western Australia. The
Higginsville treatment facility is a low-cost 1.4 Mtpa processing
plant which is fed at capacity from RNC's underground Beta Hunt
mine and open pit Higginsville mine. At Beta Hunt, a robust gold
mineral resource and reserve is hosted in multiple gold shears,
with gold intersections along a 4 km strike length remaining open
in multiple directions. HGO has a substantial historical gold
resource and highly prospective land package totaling approximately
1,800 square kilometers. In addition, RNC has a 28% interest in a
nickel joint venture that owns the Dumont Nickel-Cobalt Project
located in the Abitibi region of Quebec. Dumont contains the second largest
nickel reserve and ninth largest cobalt reserve in the world. RNC
has a strong Board and management team focused on delivering
shareholder value. RNC's common shares trade on the TSX under the
symbol RNX. RNC shares also trade on the OTCQX market under the
symbol RNKLF.
Cautionary Statement Concerning Forward-Looking
Statements
This news release contains "forward-looking information"
including without limitation statements relating to the liquidity
and capital resources of RNC, production guidance and the potential
of the Beta Hunt Mine, Higginsville Gold Operation and Dumont
Nickel Project.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of RNC to be materially different from
any future results, performance or achievements expressed or
implied by the forward-looking statements. Factors that could
affect the outcome include, among others: future prices and the
supply of metals; the results of drilling; inability to raise the
money necessary to incur the expenditures required to retain and
advance the properties; environmental liabilities (known and
unknown); general business, economic, competitive, political and
social uncertainties; results of exploration programs; accidents,
labour disputes and other risks of the mining industry; political
instability, terrorism, insurrection or war; or delays in obtaining
governmental approvals, projected cash operating costs, failure to
obtain regulatory or shareholder approvals. For a more detailed
discussion of such risks and other factors that could cause actual
results to differ materially from those expressed or implied by
such forward-looking statements, refer to RNC's filings with
Canadian securities regulators, including the most recent Annual
Information Form, available on SEDAR at www.sedar.com.
Although RNC has attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from
those anticipated, estimated or intended. Forward-looking
statements contained herein are made as of the date of this news
release and RNC disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by
applicable securities laws.
Cautionary Statement Regarding the Higginsville Mining
Operations
A production decision at the Higginsville gold operations was
made by previous operators of the mine, prior to the completion of
the acquisition of the Higginsville gold operations by RNC and RNC
made a decision to continue production subsequent to the
acquisition. This decision by RNC to continue production and, to
the knowledge of RNC, the prior production decision were not based
on a feasibility study of mineral reserves, demonstrating economic
and technical viability, and, as a result, there may be an
increased uncertainty of achieving any particular level of recovery
of minerals or the cost of such recovery, which include increased
risks associated with developing a commercially mineable deposit.
Historically, such projects have a much higher risk of economic and
technical failure. There is no guarantee that anticipated
production costs will be achieved. Failure to achieve the
anticipated production costs would have a material adverse impact
on the Corporation's cash flow and future profitability. Readers
are cautioned that there is increased uncertainty and higher risk
of economic and technical failure associated with such production
decisions.
Table 1: RNC Drillholes - Pioneer (December 2019 – February
29, 2020)
|
Prospect
|
Hole
|
Sub
Interval
|
From
(m)
|
To
(m)
|
Downhole
Interval
(m)
|
Estimated
True
Width
(m)2.
|
Au
(g/t)3.
|
Pioneer
One
|
PORR0127
|
|
55.0
|
58.0
|
3.0
|
3.0
|
0.39
|
Pioneer
One
|
PORR0128
|
|
24.0
|
27.0
|
3.0
|
3.0
|
1.39
|
Pioneer
One
|
PORR0129
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR0130
|
|
49.0
|
59.0
|
10.0
|
10.0
|
2.52
|
Pioneer
One
|
PORR0131
|
|
19.0
|
24.0
|
5.0
|
5.0
|
2.03
|
Pioneer
One
|
PORR0132
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR0133
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR0134
|
|
57.0
|
59.0
|
2.0
|
2.0
|
1.84
|
Pioneer
One
|
PORR0135
|
|
57.0
|
59.0
|
2.0
|
2.0
|
1.45
|
Pioneer
One
|
PORR0136
|
|
65.0
|
72.0
|
7.0
|
7.0
|
2.84
|
Pioneer
One
|
PORR0137
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR0138
|
|
57.0
|
66.0
|
9.0
|
9.0
|
6.68
|
Pioneer
One
|
PORR0139
|
|
61.0
|
62.0
|
1.0
|
1.0
|
0.13
|
Pioneer
One
|
PORR0140
|
|
72.0
|
81.0
|
9.0
|
9.0
|
1.0
|
Pioneer
One
|
PORR0141
|
|
50.0
|
65.0
|
15.0
|
15.0
|
2.04
|
Pioneer
One
|
PORR0142
|
|
67.0
|
84.0
|
17.0
|
17.0
|
5.36
|
including
|
76.0
|
82.0
|
6.0
|
10.0
|
10.68
|
Pioneer
One
|
PORR0143
|
|
59.0
|
66.0
|
7.0
|
7.0
|
5.54
|
Pioneer
One
|
PORR0144
|
|
66.0
|
75.0
|
9.0
|
9.0
|
3.45
|
Pioneer
One
|
PORR0145
|
|
80.0
|
88.0
|
8.0
|
8.0
|
4.55
|
Pioneer
One
|
PORR0146
|
|
65.0
|
73.0
|
8.0
|
8.0
|
1.84
|
Pioneer
One
|
PORR0147
|
|
113.0
|
118.0
|
5.0
|
5.0
|
3.94
|
Pioneer
One
|
PORR0148
|
|
91.0
|
99.0
|
8.0
|
8.0
|
1.73
|
Pioneer
One
|
PORR0149
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR0150
|
|
66.0
|
67.0
|
1.0
|
1.0
|
1.46
|
Pioneer
One
|
PORR0151
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR0152
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR0153
|
|
11.0
|
15.0
|
4.0
|
4.0
|
3.62
|
Pioneer
One
|
PORR0154
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR0155
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR0156
|
|
66.0
|
72.0
|
6.0
|
6.0
|
3.84
|
Pioneer
One
|
PORR0157
|
|
24.0
|
25.0
|
1.0
|
1.0
|
0.17
|
Pioneer
One
|
PORR0158
|
|
32.0
|
46.0
|
14.0
|
14.0
|
1.41
|
Pioneer
One
|
PORR0159
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR0160
|
|
23.0
|
26.0
|
3.0
|
3.0
|
1.63
|
Pioneer
One
|
PORR0161
|
|
33.0
|
36.0
|
3.0
|
3.0
|
1.34
|
Pioneer
One
|
PORR0162
|
|
61.0
|
62.0
|
1.0
|
2.0
|
0.31
|
Pioneer
One
|
PORR0163
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR0164
|
|
45.0
|
52.0
|
7.0
|
7.0
|
0.53
|
Pioneer
One
|
PORR0165
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR0166
|
|
100.0
|
101.0
|
1.0
|
1.0
|
0.1
|
Pioneer
One
|
PORR0167
|
|
81.0
|
83.0
|
2.0
|
2.0
|
0.1
|
Pioneer
One
|
PORR0168
|
|
104.0
|
108.0
|
4.0
|
4.0
|
3.36
|
Pioneer
One
|
PORR0169
|
|
27.0
|
32.0
|
5.0
|
5.0
|
4.09
|
including
|
27.0
|
28.0
|
1.0
|
1.0
|
10.5
|
Pioneer
One
|
PORR0170
|
|
93.0
|
94.0
|
1.0
|
1.0
|
1.82
|
Pioneer
One
|
PORR0171
|
|
28.0
|
29.0
|
1.0
|
1.0
|
0.19
|
Pioneer
One
|
PORR0172
|
|
42.0
|
43.0
|
1.0
|
1.0
|
0.99
|
Pioneer
One
|
PORR0173
|
|
62.0
|
64.0
|
2.0
|
2.0
|
1.71
|
Pioneer
One
|
PORR0174
|
|
27.0
|
30.0
|
3.0
|
3.0
|
2.98
|
Pioneer
One
|
PORR0175
|
|
126.0
|
127.0
|
1.0
|
1.0
|
0.59
|
Pioneer
One
|
PORR0176
|
|
100.0
|
102.0
|
2.0
|
2.0
|
0.93
|
Pioneer
One
|
PORR0177
|
|
72.0
|
76.0
|
4.0
|
4.0
|
0.53
|
Pioneer
One
|
PORR0178
|
|
88.0
|
92.0
|
4.0
|
4.0
|
2.54
|
Pioneer
One
|
PORR0179
|
|
115.0
|
119.0
|
4.0
|
4.0
|
4.78
|
Pioneer
One
|
PORR0180
|
|
35.0
|
36.0
|
1.0
|
1.0
|
0.94
|
Pioneer
One
|
PORR0181
|
|
45.0
|
53.0
|
8.0
|
8.0
|
1.24
|
Pioneer
One
|
PORR0182
|
|
87.0
|
104.0
|
17.0
|
17.0
|
1.01
|
Pioneer
One
|
PORR0183
|
|
110.0
|
113.0
|
3.0
|
3.0
|
3.05
|
Pioneer
One
|
PORR0184
|
|
97.0
|
102.0
|
5.0
|
5.0
|
8.53
|
including
|
98.0
|
100.0
|
2.0
|
2.0
|
15.95
|
Pioneer
One
|
PORR0185
|
|
66.0
|
74.0
|
8.0
|
8.0
|
1.61
|
Pioneer
One
|
PORR0186
|
|
27.0
|
28.0
|
1.0
|
1.0
|
1.0
|
Pioneer
One
|
PORR0186
|
|
60.0
|
78.0
|
18.0
|
18.0
|
3.92
|
Pioneer
One
|
PORR0187
|
|
52.0
|
56.0
|
4.0
|
4.0
|
3.74
|
Pioneer
One
|
PORR0188
|
|
97.0
|
98.0
|
1.0
|
1.0
|
2.15
|
Pioneer
One
|
PORR0189
|
|
65.0
|
72.0
|
7.0
|
7.0
|
1.37
|
Pioneer
One
|
PORR0190
|
|
56.0
|
58.0
|
2.0
|
2.0
|
0.86
|
Pioneer
One
|
PORR0191
|
|
60.0
|
67.0
|
7.0
|
7.0
|
2.31
|
Pioneer
One
|
PORR0192
|
|
80.0
|
88.0
|
8.0
|
8.0
|
1.91
|
Pioneer
One
|
PORR01931.
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR01941.
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR01951.
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR01961.
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR01971.
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR01981.
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR0199
|
|
34.0
|
36.0
|
2.0
|
2.0
|
1.83
|
Pioneer
One
|
PORR0200
|
|
71.0
|
74.0
|
3.0
|
3.0
|
1.17
|
Pioneer
One
|
PORR02011.
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR02021.
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR02031.
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR02041.
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR02051.
|
|
-
|
-
|
-
|
-
|
NSA
|
Pioneer
One
|
PORR0206
|
|
54.0
|
55.0
|
1.0
|
1.0
|
0.76
|
Pioneer
One
|
PORR0207
|
|
31.0
|
35.0
|
4.0
|
4.0
|
0.27
|
Pioneer
One
|
PORR0208
|
|
107.0
|
108.0
|
1.0
|
1.0
|
1.04
|
Pioneer
One
|
PORR0209
|
|
64.0
|
76.0
|
12.0
|
12.0
|
2.37
|
Pioneer
One
|
PORR0210
|
|
56.0
|
59.0
|
3.0
|
3.0
|
2.59
|
Pioneer
One
|
PORR0211
|
|
80.0
|
92.0
|
12.0
|
12.0
|
1.26
|
Reported gold grades
> 0.1g/t Au over 1m; NSA - no significant results (<0.1g/t
Au)
|
1. Waste dump
sterilisation holes
|
2. True widths
approximate downhole widths
|
3. Uncut gold
assays
|
Table 2: RNC Drillholes – Baloo (March
2020)
|
Prospect
|
Hole
|
sub
interval
|
From
(m)
|
To
(m)
|
Downhole
Interval
(m)
|
Estimated
True
Width
(m)
|
Au
(g/t)1.
|
Baloo
|
BLOR0044
|
|
21.0
|
27.0
|
6.0
|
3.0
|
5.47
|
Baloo
|
including
|
22.0
|
24.0
|
2.0
|
2.0
|
11.7
|
Baloo
|
BLOR0045
|
|
-
|
-
|
-
|
-
|
NSA
|
Baloo
|
BLOR0046
|
|
-
|
-
|
-
|
-
|
NSA
|
Baloo
|
BLOR0047
|
|
0.0
|
2.0
|
2.0
|
2.0
|
3.54
|
Baloo
|
BLOR0048
|
|
16.0
|
18.0
|
2.0
|
2.0
|
7.29
|
Baloo
|
including
|
17.0
|
18.0
|
1.0
|
1.0
|
13.2
|
Baloo
|
BLOR0049
|
|
27.0
|
28.0
|
1.0
|
0.7
|
24
|
Reported gold grades
> 0.1g/t Au over 1m; NSA - no significant results (<0.1g/t
Au)
|
1. Uncut gold
assays
|
Table 3: Alacer Gold Corp - Selected Historical Results from
Jupiter prospect, 2012/13 Drilling
(Alacer Gold Corp. news
release, March 26, 2013)
|
Prospect
|
Hole
|
sub
interval
|
From
(m)
|
To
(m)
|
Downhole
Interval
(m)
|
Estimated
True
Width
(m)1.
|
Au
(g/t)3.
|
Jupiter
|
JUPR001
|
|
62.0
|
69.0
|
7.0
|
4.6
|
6.2
|
Jupiter
|
JUPR007
|
|
49.0
|
52.0
|
3.0
|
2.0
|
2.3
|
Jupiter
|
JUPR008
|
|
108.0
|
109.0
|
1.0
|
0.7
|
7.7
|
Jupiter
|
JUPR021
|
|
166.0
|
167.0
|
1.0
|
0.7
|
13.4
|
Jupiter
|
JUPR025
|
|
64.0
|
66.0
|
2.0
|
1.3
|
39.3
|
Jupiter
|
JUPR030
|
|
70.0
|
77.0
|
7.0
|
4.6
|
4.7
|
Jupiter
|
JUPR031
|
|
54.0
|
71.0
|
17.0
|
11.1
|
4.2
|
Jupiter2
|
JUPR037
|
|
90.0
|
92.0
|
2.0
|
1.3
|
234
|
Jupiter
|
JUPR038
|
|
65.0
|
67.0
|
2.0
|
1.3
|
9.0
|
Jupiter
|
JUPR044
|
|
138.0
|
140.0
|
2.0
|
1.3
|
5.6
|
1.
|
True widths are 60 -
70% of downhole widths (65% used)
|
2.
|
Screen fire
assay
|
3.
|
Uncut gold
assays
|
Table 4: S2 Resources Ltd - Selected Historical Results from
Baloo deposit, 2015/16/17 Drilling
|
Prospect
|
Hole
|
sub
interval
|
From
(m)
|
To
(m)
|
Downhole
Interval
(m)
|
Estimated
True
Width
(m)1.
|
Au
(g/t)2.
|
Baloo
|
SPD0100
|
|
125.20
|
132.80
|
7.6
|
7.6
|
8.35
|
Baloo
|
SPD0101
|
|
111.50
|
121.30
|
9.8
|
9.8
|
4.97
|
Baloo
|
SPD0349
|
|
399.00
|
410.90
|
11.9
|
11.9
|
1.30
|
|
413.75
|
414.65
|
0.9
|
0.9
|
44.10
|
Baloo
|
SPD0351
|
|
263.00
|
269.00
|
6.0
|
6.0
|
2.23
|
|
282.00
|
290.40
|
8.4
|
8.4
|
1.63
|
Baloo
|
SPD0352
|
|
369.00
|
376.00
|
7.0
|
7.0
|
2.36
|
|
378.75
|
384.20
|
5.5
|
5.5
|
3.30
|
Baloo
|
SPD0353
|
|
303.15
|
306.30
|
3.2
|
3.2
|
3.45
|
Baloo
|
SPD0358
|
|
303.9
|
315.8
|
11.9
|
11.9
|
1.32
|
|
349
|
354.7
|
5.3
|
5.3
|
1.12
|
Baloo
|
SPBC0258
|
|
106.00
|
114.00
|
8.0
|
8.0
|
5.14
|
1. True widths
approximate downhole widths
|
2. Uncut gold
assays
|
Table 5 : RNC Drillholes - Pioneer
(December 2019 – February 29, 2020) and Baloo (March 2020)
|
Prospect
|
Hole
ID
|
MGA
Easting
(m)
|
MGA
Northing
(m)
|
Elevation
(m)
|
Azi
|
Dip
(deg)
|
Total
Depth
(m)
|
Pioneer
|
PORR0126
|
375,136
|
6,475,514
|
293
|
270
|
-60
|
38
|
Pioneer
|
PORR0127
|
375,130
|
6,475,496
|
293
|
270
|
-60
|
72
|
Pioneer
|
PORR0128
|
375,109
|
6,475,475
|
293
|
270
|
-60
|
63
|
Pioneer
|
PORR0129
|
375,131
|
6,475,476
|
293
|
270
|
-60
|
48
|
Pioneer
|
PORR0130
|
375,110
|
6,475,456
|
293
|
270
|
-60
|
63
|
Pioneer
|
PORR0131
|
375,129
|
6,475,456
|
292
|
270
|
-60
|
32
|
Pioneer
|
PORR0132
|
375,101
|
6,475,435
|
292
|
270
|
-60
|
57
|
Pioneer
|
PORR0133
|
375,122
|
6,475,436
|
292
|
270
|
-60
|
30
|
Pioneer
|
PORR0134
|
375,120
|
6,475,415
|
292
|
270
|
-60
|
68
|
Pioneer
|
PORR0135
|
375,124
|
6,475,400
|
292
|
270
|
-60
|
75
|
Pioneer
|
PORR0136
|
375,131
|
6,475,360
|
292
|
270
|
-60
|
78
|
Pioneer
|
PORR0137
|
375,125
|
6,475,340
|
292
|
270
|
-60
|
80
|
Pioneer
|
PORR0138
|
375,110
|
6,475,320
|
292
|
270
|
-60
|
78
|
Pioneer
|
PORR0139
|
375,109
|
6,475,298
|
292
|
270
|
-60
|
82
|
Pioneer
|
PORR0140
|
375,099
|
6,475,261
|
291
|
270
|
-60
|
84
|
Pioneer
|
PORR0141
|
375,079
|
6,475,240
|
292
|
270
|
-60
|
78
|
Pioneer
|
PORR0142
|
375,100
|
6,475,240
|
291
|
270
|
-60
|
84
|
Pioneer
|
PORR0143
|
375,060
|
6,475,200
|
292
|
270
|
-60
|
72
|
Pioneer
|
PORR0144
|
375,076
|
6,475,200
|
291
|
270
|
-60
|
88
|
Pioneer
|
PORR0145
|
375,098
|
6,475,200
|
291
|
270
|
-60
|
98
|
Pioneer
|
PORR0146
|
375,065
|
6,475,160
|
291
|
270
|
-60
|
84
|
Pioneer
|
PORR0147
|
375,089
|
6,475,160
|
291
|
270
|
-60
|
136
|
Pioneer
|
PORR0148
|
375,087
|
6,475,140
|
291
|
270
|
-60
|
126
|
Pioneer
|
PORR0149
|
375,132
|
6,475,175
|
291
|
270
|
-60
|
110
|
Pioneer
|
PORR0150
|
375,105
|
6,475,716
|
295
|
270
|
-60
|
96
|
Pioneer
|
PORR0151
|
375,149
|
6,475,715
|
295
|
270
|
-60
|
96
|
Pioneer
|
PORR0152
|
375,101
|
6,475,751
|
296
|
270
|
-60
|
96
|
Pioneer
|
PORR0153
|
375,136
|
6,475,751
|
295
|
270
|
-60
|
96
|
Pioneer
|
PORR0154
|
375,150
|
6,475,751
|
295
|
270
|
-60
|
96
|
Pioneer
|
PORR0155
|
375,164
|
6,475,750
|
295
|
270
|
-60
|
120
|
Pioneer
|
PORR0156
|
375,174
|
6,475,635
|
294
|
270
|
-60
|
90
|
Pioneer
|
PORR0157
|
375,110
|
6,475,556
|
293
|
270
|
-60
|
84
|
Pioneer
|
PORR0158
|
375,136
|
6,475,555
|
293
|
270
|
-60
|
60
|
Pioneer
|
PORR0159
|
375,109
|
6,475,515
|
293
|
270
|
-60
|
60
|
Pioneer
|
PORR0160
|
375,115
|
6,475,516
|
293
|
270
|
-70
|
96
|
Pioneer
|
PORR0161
|
375,110
|
6,475,475
|
292
|
270
|
-70
|
96
|
Pioneer
|
PORR0162
|
375,123
|
6,475,476
|
292
|
270
|
-70
|
126
|
Pioneer
|
PORR0163
|
375,090
|
6,475,416
|
292
|
270
|
-60
|
30
|
Pioneer
|
PORR0164
|
375,109
|
6,475,415
|
292
|
270
|
-60
|
54
|
Pioneer
|
PORR0165
|
375,134
|
6,475,360
|
291
|
270
|
-60
|
114
|
Pioneer
|
PORR0166
|
375,140
|
6,475,360
|
291
|
270
|
-70
|
156
|
Pioneer
|
PORR0167
|
375,134
|
6,475,321
|
291
|
270
|
-55
|
132
|
Pioneer
|
PORR0168
|
375,135
|
6,475,321
|
291
|
270
|
-65
|
168
|
Pioneer
|
PORR0169
|
375,060
|
6,475,241
|
291
|
270
|
-60
|
60
|
Pioneer
|
PORR0170
|
375,115
|
6,475,241
|
291
|
270
|
-60
|
166
|
Pioneer
|
PORR0171
|
375,015
|
6,475,139
|
291
|
270
|
-60
|
36
|
Pioneer
|
PORR0172
|
375,030
|
6,475,140
|
291
|
270
|
-60
|
60
|
Pioneer
|
PORR0173
|
375,047
|
6,475,141
|
291
|
270
|
-70
|
110
|
Pioneer
|
PORR0174
|
375,017
|
6,475,120
|
291
|
270
|
-70
|
48
|
Pioneer
|
PORR0175
|
375,105
|
6,475,160
|
291
|
272
|
-61
|
170
|
Pioneer
|
PORR0176
|
375,100
|
6,475,140
|
291
|
272
|
-61
|
166
|
Pioneer
|
PORR0177
|
375,039
|
6,475,120
|
291
|
273
|
-70
|
96
|
Pioneer
|
PORR0178
|
375,058
|
6,475,120
|
291
|
271
|
-71
|
156
|
Pioneer
|
PORR0179
|
375,077
|
6,475,119
|
291
|
274
|
-71
|
156
|
Pioneer
|
PORR0180
|
375,001
|
6,475,061
|
292
|
276
|
-61
|
36
|
Pioneer
|
PORR0181
|
375,030
|
6,475,061
|
292
|
273
|
-60
|
90
|
Pioneer
|
PORR0182
|
375,065
|
6,475,061
|
291
|
270
|
-60
|
120
|
Pioneer
|
PORR0183
|
375,121
|
6,475,200
|
291
|
274
|
-61
|
114
|
Pioneer
|
PORR0184
|
375,115
|
6,475,220
|
291
|
269
|
-61
|
105
|
Pioneer
|
PORR0185
|
375,114
|
6,475,260
|
291
|
271
|
-56
|
132
|
Pioneer
|
PORR0186
|
375,082
|
6,475,280
|
291
|
269
|
-71
|
120
|
Pioneer
|
PORR0187
|
375,092
|
6,475,300
|
291
|
272
|
-71
|
132
|
Pioneer
|
PORR0188
|
375,120
|
6,475,300
|
291
|
271
|
-70
|
168
|
Pioneer
|
PORR0189
|
375,135
|
6,475,401
|
292
|
271
|
-61
|
108
|
Pioneer
|
PORR0190
|
375,111
|
6,475,436
|
292
|
271
|
-71
|
96
|
Pioneer
|
PORR0191
|
375,150
|
6,475,576
|
293
|
271
|
-71
|
96
|
Pioneer
|
PORR0192
|
375,166
|
6,475,576
|
293
|
269
|
-70
|
132
|
Pioneer
|
PORR01931.
|
374,570
|
6,475,820
|
299
|
266
|
-61
|
60
|
Pioneer
|
PORR01941.
|
374,607
|
6,475,825
|
298
|
266
|
-61
|
60
|
Pioneer
|
PORR01951.
|
374,651
|
6,475,821
|
298
|
270
|
-61
|
60
|
Pioneer
|
PORR01961.
|
374,690
|
6,475,822
|
297
|
274
|
-61
|
60
|
Pioneer
|
PORR01971.
|
374,721
|
6,475,821
|
297
|
276
|
-61
|
60
|
Pioneer
|
PORR01981.
|
374,557
|
6,475,657
|
297
|
270
|
-60
|
60
|
Pioneer
|
PORR0199
|
375,011
|
6,475,000
|
292
|
270
|
-61
|
66
|
Pioneer
|
PORR0200
|
375,028
|
6,475,000
|
292
|
271
|
-71
|
114
|
Pioneer
|
PORR02011.
|
374,418
|
6,475,337
|
297
|
275
|
-61
|
60
|
Pioneer
|
PORR02021.
|
374,454
|
6,475,338
|
296
|
273
|
-60
|
60
|
Pioneer
|
PORR02031.
|
374,501
|
6,475,340
|
296
|
270
|
-60
|
60
|
Pioneer
|
PORR02041.
|
374,543
|
6,475,342
|
296
|
268
|
-61
|
60
|
Pioneer
|
PORR02051.
|
374,580
|
6,475,342
|
295
|
269
|
-61
|
60
|
Pioneer
|
PORR0206
|
375,087
|
6,474,700
|
292
|
272
|
-61
|
100
|
Pioneer
|
PORR0207
|
374,960
|
6,474,841
|
293
|
271
|
-61
|
140
|
Pioneer
|
PORR0208
|
375,041
|
6,474,840
|
292
|
272
|
-61
|
140
|
Pioneer
|
PORR0209
|
375,124
|
6,474,842
|
292
|
271
|
-60
|
140
|
Pioneer
|
PORR0210
|
375,007
|
6,474,921
|
293
|
272
|
-61
|
75
|
Pioneer
|
PORR0211
|
375,049
|
6,474,920
|
292
|
271
|
-65
|
155
|
Baloo
|
BLOR0044
|
392,774
|
6,480,610
|
258
|
90
|
-85
|
36
|
Baloo
|
BLOR0045
|
392,774
|
6,480,610
|
258
|
90
|
-70
|
40
|
Baloo
|
BLOR0046
|
392,774
|
6,480,610
|
258
|
90
|
-55
|
54
|
Baloo
|
BLOR0047
|
392,783
|
6,480,620
|
258
|
90
|
-85
|
36
|
Baloo
|
BLOR0048
|
392,783
|
6,480,620
|
258
|
270
|
-85
|
54
|
Baloo
|
BLOR0049
|
392,783
|
6,480,620
|
258
|
270
|
-75
|
42
|
1. Waste dump
sterilisation holes
|
Table 6: Alacer Gold Corp - Selected Historical drill holes
from Jupiter prospect, 2012/13 Drilling
|
Prospect
|
Hole
ID
|
MGA
Easting
(m)
|
MGA
Northing
(m)
|
Elevation
(m)
|
Azi
|
Dip
(deg)
|
Total
Depth
(m)
|
Jupiter
|
JUPR001
|
383080
|
6483301
|
279
|
270
|
-60
|
150.0
|
Jupiter
|
JUPR007
|
383079
|
6483281
|
280
|
270
|
-60
|
140.0
|
Jupiter
|
JUPR008
|
383080
|
6483380
|
280
|
270
|
-60
|
140.0
|
Jupiter
|
JUPR021
|
382908
|
6483580
|
279
|
90
|
-60
|
216.0
|
Jupiter
|
JUPR025
|
383032
|
6483752
|
279
|
270
|
-70
|
162.0
|
Jupiter
|
JUPR030
|
383041
|
6483729
|
279
|
270
|
-60
|
124.0
|
Jupiter
|
JUPR031
|
383022
|
6483750
|
279
|
270
|
-70
|
100.0
|
Jupiter
|
JUPR037
|
383044
|
6483712
|
279
|
270
|
-60
|
126.0
|
Jupiter
|
JUPR038
|
383044
|
6483691
|
278
|
270
|
-60
|
132.0
|
Jupiter
|
JUPR044
|
383058
|
6483687
|
278
|
240
|
-57
|
144.0
|
Table 7: S2 Resources Limited - Selected Historical Drill
Holes from Baloo Deposit, 2015/16/17 Drilling
|
Prospect
|
Hole
ID
|
MGA
Easting
(m)
|
MGA
Northing
(m)
|
Elevation
(m)
|
Azi
|
Dip
(deg)
|
Total
Depth
(m)
|
Baloo
|
SPD0100
|
392910
|
6480840
|
262
|
270
|
-60
|
175.6
|
Baloo
|
SPD0101
|
392890
|
6480800
|
262
|
270
|
-60
|
173.9
|
Baloo
|
SPD0349
|
393100
|
6480620
|
262
|
270
|
-70
|
444.9
|
Baloo
|
SPD0350
|
393000
|
6480880
|
262
|
270
|
-70
|
306.7
|
Baloo
|
SPD0351
|
393040
|
6480800
|
262
|
270
|
-70
|
327.8
|
Baloo
|
SPD0352
|
393080
|
6480660
|
262
|
270
|
-70
|
411.8
|
Baloo
|
SPD0353
|
393040
|
6480740
|
262
|
270
|
-70
|
357.9
|
Baloo
|
SPD0358
|
393028
|
6480620
|
262
|
270
|
-70
|
393.8
|
Baloo
|
SPBC0258
|
392870
|
6480860
|
262
|
270
|
-60
|
123.0
|
SOURCE RNC Minerals