TIDMTHR
RNS Number : 8172J
Thor Mining PLC
15 December 2022
15 December 2022
This announcement contains inside information for the purposes
of Article 7 of the UK version of Regulation (EU) No 596/2014 which
is part of UK law by virtue of the European Union (Withdrawal) Act
2018, as amended ("MAR"). Upon the publication of this announcement
via a Regulatory Information Service, this inside information is
now considered to be in the public domain.
Thor Mining PLC
("Thor" or the "Company")
Kelly's Prospect
Drilling Results and a Correction to a Prior Result
Ragged Range, WA
The directors of Thor Mining Plc ("Thor") (AIM, ASX: THR, OTCQB:
THORF) are pleased to provide drilling results from the Kelly's
Prospect, Ragged Range, located in the Eastern Pilbara, Western
Australia.
Project highlights:
-- Drilling has returned anomalous gold and copper values
associated with felsic and dacitic porphyry intrusions into the
Euro Basalt at the Kelly's Prospect, Ragged Range.
-- Best intercepts to date:
-- 8m @ 1.31% Cu and 0.1g/t Au from 4m (22RRRC056), including
3m @ 2.9% Cu and 0.17g/t Au
-- 1m @ 0.91 g/t Au from 40m (22RRRC049)
-- 4m @ 0.1g/t Au, 0.3% Cu, 0.9% Pb, 0.2% Zn from 133m (22RRRC058)
-- QAQC Error: On 12 December 2022, the Bureau Veritas
Kalgoorlie laboratory reported to Thor that the 12.2g/t Au sample
from drillhole 22RRC052 as announced to the market (ASX/RNS: THR 4
November 2022) was an erroneous result based on the laboratory
making a sample swap with an internal standard. The assay has
subsequently reported <0.01g/t Au.
Photo 1 : RC Chips from 22DDRC056 at Kelly ' s Ridge Prospect,
Ragged Range
Nicole Galloway Warland, Managing Director of Thor Mining,
commented:
"Disappointingly, due to a testing error at the Bureau Veritas
laboratory, the high-grade gold result announced in November was
erroneous. Thor is undertaking an investigation into the laboratory
error to ensure that the highest standard of procedure and
reporting is provided going forward.
"These latest drill results are encouraging; however, further
work is required to fully explain why the high-grade gold and
copper in surface rock chips is not repeated in very shallow drill
intersections."
The Ragged Range Project, located in the prospective Eastern
Pilbara Craton, Western Australia, is 100% owned by Thor Mining
(covering E46/1190, E46/1262, E46/1355, E46/1340 and E46/1393 -
Figure 2 and Figure 3).
Figure 1 : Location Plan.
Kelly's Prospect
This small reconnaissance program included six holes along
Kelly's Ridge, two below the historic Kelly's copper workings and
two at the Kelly's NE Prospect (Figure 2).
Drilling at Kelly's Ridge was designed to test below the
high-grade rock chips, returning up to 15g/t Au and 535g/t Ag along
the 1km silicified ridge at the contact between the Boobina
Porphyry and Euro Basalt, as well as testing below and along strike
of the historic drillhole (DDHK2(1) ) that intersected 1.5m @
22.97g/t gold, located at the porphyry-basalt contact (Figure 3).
The recent drillholes appear to have stopped too short to fully
test the targeted contact, with follow-up drilling proposed angled
from the west to east.
The 4m @ 12.2g/t Au intercept from 192 to 196m in drillhole
22RRRC052 has been assayed in one-metre intervals and report 193 to
194m 0.15g/t Au with 1.6% Zn and 0.13% Pb and 194 to 195m reports
0.02g/t Au with 0.35% Zn (Figure 3). This type of zinc and lead
metal association is to be expected in areas with high-grade gold
results and observations of quartz sulphide material in these two
metre intervals is very encouraging.
Beneath the historic Kelly's copper workings, copper was
intercepted with anomalous gold and silver warranting further
review.
At the Kelly's NE Prospect, high-grade gold (up to 7.2g/t Au)
and copper (up to 13.6 % Cu) identified in rock chips (ASX/RNS: THR
7 December 2022) was tested by two drillholes, 22RRRC057 and
22RRC058. Wide intersections of low-grade copper were intersected
in the first hole from shallow depth with moderate grade intercepts
in the second hole both at surface and at depth. Surprisingly the
tenor of gold with the copper is subdued, from assays received to
date, compared to the surface rock chips.
Significant results received to date include (greater than 0.1%
Cu and 0.1 g/t Au):
Kelly's Ridge
-- 22RRRC049: 1m @ 0.91 g/t Au from 40m
-- 22RRRC052: 1m @ 0.15g/t Au and 1.6% Zn from 196m
Kelly's Mine
-- 22RRRC056: 8m @ 1.31% Cu and 0.1g/t Au from 4m (22RRRC056), including
3m @ 2.9% Cu, 0.17g/t Au and 39g/t Ag from 7m
Kelly's NE
-- 22RRRC057: 4m @ 0.13% Cu from 20m
-- 22RRRC058: 19m @ 0.15% Cu from 8m, including
3m @ 0.24% Cu from 24m, and
3m @ 0.29% Cu, 0.12g/t Au, 8.5g/t Ag, 1.1% Pb, and 0.25% Zn from
133m
(Refer to Table A for Collar information and Table B for
Significant Results)
QAQC Error
On 12 December 2022, Bureau Veritas Kalgoorlie laboratory
reported to Thor that the 4m composite sample 194m to 198m at
12.2g/t Au (final assay) from drillhole 22RRC052 and announced to
market (ASX/RNS: THR 4 November 2022) was an erroneous result based
on the laboratory making a sample swap with a standard (Figure 3).
The information for this error, which was supplied by email from
the Bureau Veritas Kalgoorlie Laboratory to Thor, is stated as:
"We found the cause of the elevated Au in this sample to be due
to a sample swap with an internal standard from a second batch that
was assayed in the same fire as the third batch of RRRC0052
containing RRRC003867. Unfortunately, due to human error at the
QAQC stage this swap was not picked up during the initial assays
resulting in the erroneous result being reported."
Based on the location down the hole of the intercept (contact
between Euro Basalt and Porphyry), the position of the intercept
relative to the historic drill intercept 1.52m @ 22.97g/t Au DDHK2
and the high-grade nature of the historic intercept, plus visible
sulphide-rich quartz chips; there was no reason for Thor to
question this assay result.
Thor considers this is not an acceptable practice by the
laboratory, for the original Au error but also the delay in
reporting the error to Thor.
Bureau Veritas is re-assaying [the] full sample batch (relating
to 22RRC049 to 22RRC052) to ensure accuracy and integrity of data.
We anticipate these results in January 2023.
Next Steps
The following activities and results at Ragged Range are
anticipated over the coming weeks:
1. Review Kelly's rock-chip and drilling data
2. Continue regional exploration, including reconnaissance
sampling over ground in the northern portion of tenure for
prospective lithium-caesium-tantalum enriched (LCT) pegmatites
Figure 2: Kelly's Prospect, highlighting drill collars and
high-grade gold and copper in rock chips.
Figure 3: Kelly's Ridge cross section A-A', showing drill
collars, historic drill intercept and high-grade rock chip-only a
small portion of assay results received to date.
Figure 4: Kelly's Ridge cross section showing 22RRRC0051 and
22RRRC052.
Table A: Kelly ' s Prospect Drill Collar Information (MGA94
Z50)
Hole ID Easting Northing RL EOH Dip Azi_TN Prospect /Comments
======== ========= ==== ==== ==== =======
22RRRC049 797810 7586934 409 174 -55 230 Kelly's Ridge
======== ========= ==== ==== ==== ======= ========================
22RRRC050 797813 7586935 409 204 -65 227 Kelly's Ridge
======== ========= ==== ==== ==== ======= ========================
22RRRC051 797791 7586973 410 131 -55 230 Failed hole at 131m
======== ========= ==== ==== ==== ======= ========================
22RRRC052 797793 7586974 410 205 -65 231 Kelly's Ridge
======== ========= ==== ==== ==== ======= ========================
22RRRC053 797697 7587096 408 162 -54 231 Kelly's Ridge
======== ========= ==== ==== ==== ======= ========================
22RRRC054 797662 7587132 407 174 -55 230 Kelly's Ridge
======== ========= ==== ==== ==== ======= ========================
22RRRC055 798131 7587427 405 70 -55 253 Kelly's NE
======== ========= ==== ==== ==== ======= ========================
22RRRC056 798100 7587520 402 72 -55 250 Kelly's NE
======== ========= ==== ==== ==== ======= ========================
22RRRC057 797265 7587652 403 174 -55 215 Kelly's Copper Workings
======== ========= ==== ==== ==== ======= ========================
22RRRC058 797180 7587725 403 204 -55 270 Kelly's Copper workings
======== ========= ==== ==== ==== ======= ========================
Table B: Kelly ' s Prospect Significant Drill Intercepts
Hole ID Depth Interval Au Cu Ag Pb Zn Comment
From
======= ========= ===== ====== ===== ====== ======
DESCRIPTION (m) (m) g/t % g/t ppm ppm
============== ====== ========= ===== ====== ===== ====== ====== ==============
22RRRC049 40 1 0.91 NS 0.02 4 96
============== ====== ========= ===== ====== ===== ====== ====== ==============
22RRRC050 NSI
============== ====== ========= ===== ====== ===== ====== ====== ==============
22RRRC051 NSI -
Hole failed
============== ====== ========= ===== ====== ===== ====== ====== ==============
22RRRC052 196 1 0.15 0.008 11 1320 15900
============== ====== ========= ===== ====== ===== ====== ====== ==============
197 1 0.008 4 231 3480
============== ====== ========= ===== ====== ===== ====== ====== ==============
22RRRC053 NSI
============== ====== ========= ===== ====== ===== ====== ====== ==============
22RRRC054 NSI
============== ====== ========= ===== ====== ===== ====== ====== ==============
22RRRC055 NSI
============== ====== ========= ===== ====== ===== ====== ====== ==============
22RRRC056 0 12 0.14 0.9 11 41 120
============== ====== ========= ===== ====== ===== ====== ====== ==============
including 7 3 0.17 2.9 39 121 94
============== ====== ========= ===== ====== ===== ====== ====== ==============
22RRRC057 20 4 0.01 0.13 0.4 7 40
============== ====== ========= ===== ====== ===== ====== ====== ==============
22RRRC058 8 19 0.01 0.15 0.7 9 45
============== ====== ========= ===== ====== ===== ====== ====== ==============
and 133 3 0.12 0.31 8.5 10626 2453
============== ====== ========= ===== ====== ===== ====== ====== ==============
and 139 1 0.01 0.17 1.2 59 174
============== ====== ========= ===== ====== ===== ====== ====== ==============
and 169 1 0.01 0.16 1.2 25 142
============== ====== ========= ===== ====== ===== ====== ====== ==============
Notes:
NSI = no significant intercept,
Assays pending = assays still in process at the laboratory
Cu% = copper %
Au g/t = gold in grams per tonne
1ppm = 0.0001%
References:
1. DDHk2, drilled by Hawkstone 1969, Open File Annual Report
This announcement is authorised for release to the market by the
Board of Directors.
For further information, please contact:
THOR MINING PLC
Nicole Galloway Warland , Managing Director
+61 8 7324 1935
nicole@thormining.com
Competent Persons Report
The information in this report that relates to exploration
results is based on information compiled by Nicole Galloway
Warland, who holds a BSc Applied geology (HONS) and who is a Member
of The Australian Institute of Geoscientists. Ms Galloway Warland
is an employee of Thor Mining PLC. She has sufficient experience
which is relevant to the style of mineralisation and type of
deposit under consideration and to the activity which she is
undertaking to qualify as a Competent Person as defined in the 2012
Edition of the 'Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves'. Nicole Galloway
Warland consents to the inclusion in the report of the matters
based on her information in the form and context in which it
appears.
Updates on the Company's activities are regularly posted on
Thor's website www.thormining.com , which includes a facility to
register to receive these updates by email, and on the Company's
twitter page @ThorMining .
About Thor Mining PLC
Thor Mining PLC (AIM, ASX: THR; OTCQB: THORF) is a diversified
resource company quoted on the AIM Market of the London Stock
Exchange, ASX in Australia and OTCQB Market in the United
States.
The Company is advancing its diversified portfolio of precious,
base, energy and strategic metal projects across USA and Australia.
Its focus is on progressing its copper, gold, uranium and vanadium
projects, while seeking investment/JV opportunities to develop its
tungsten assets.
Thor owns 100% of the Ragged Range Project, comprising 92 km(2)
of exploration licences with highly encouraging early stage gold
and nickel results in the Pilbara region of Western Australia.
At Alford East in South Australia, Thor is earning an 80%
interest in copper deposits considered amenable to extraction via
In Situ Recovery techniques (ISR). In January 2021, Thor announced
an Inferred Mineral Resource Estimate of 177,000 tonnes contained
copper & 71,000 oz gold(1).
Thor also holds a 30% interest in Australian copper development
company EnviroCopper Limited, which in turn holds rights to earn up
to a 75% interest in the mineral rights and claims over the
resource on the portion of the historic Kapunda copper mine and the
Alford West copper project, both situated in South Australia, and
both considered amenable to recovery by way of ISR.(2)(3)
Thor holds 100% interest in two private companies with mineral
claims in the US states of Colorado and Utah with historical
high-grade uranium and vanadium drilling and production
results.
Thor holds 100% of the advanced Molyhil tungsten project,
including measured, indicated and inferred resources , in the
Northern Territory of Australia, which was awarded Major Project
Status by the Northern Territory government in July 2020. Thor
executed a $8m Farm-in and Funding Agreement with Investigator
Resources Limited (ASX: IVR) to accelerate exploration at the
Molyhil Project on 24(th) November 2022.(6)
Adjacent to Molyhil, at Bonya, Thor holds a 40% interest in
deposits of tungsten, copper, and vanadium, including Inferred
resource estimates for the Bonya copper deposit, and the White
Violet and Samarkand tungsten deposits. Thor's interest in the
Bonya tenement EL29701 is planned to be divested as part of the
Farm-in and Funding agreement with Investigator Resources
Limited.(6)
Notes
(1)
www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210127-maiden-copper.gold-estimate-alford-east-sa.pdf
(2)
www.thormining.com/sites/thormining/media/pdf/asx-announcements/20172018/20180222-clarification-kapunda-copper-resource-estimate.pdf
(3)
www.thormining.com/sites/thormining/media/aim-report/20190815-initial-copper-resource-estimate---moonta-project---rns---london-stock-exchange.pdf
(4)
www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210408-molyhil-mineral-resource-estimate-updated.pdf
(5)
www.thormining.com/sites/thormining/media/pdf/asx-announcements/20200129-mineral-resource-estimates---bonya-tungsten--copper.pdf
(6)
https://thormining.com/wp-content/uploads/2022/11/20221124-8M-Farm-in-Funding-Agreement.pdf
1 JORC Code, 2012 Edition - Table 1
1.1 Section 1 Sampling Techniques and Data
Criteria JORC Code explanation Commentary
Sampling Reverse circulation
techniques * Nature and quality of sampling (eg cut channels, drill samples were
random chips, or specific specialised industry collected utilising
standard measurement tools appropriate to the a PVC sampling spear
minerals under investigation, such as down hole gamma on the drill cutting
sondes, or handheld XRF instruments, etc). These piles to collect a
examples should not be taken as limiting the broad 4m composite sample
meaning of sampling. weighing approximately
3kg. Equal portions
were taken from each
* Include reference to measures taken to ensure sample pile to ensure representative
representivity and the appropriate calibration of any samples and every
measurement tools or systems used. metre was sampled.
In addition, 1m samples
were collected directly
* Aspects of the determination of mineralisation that off the cyclone (1/8
are Material to the Public Report. split), which can
be assayed as required
to replace the 4m
* In cases where 'industry standard' work has been done composite sample results.
this would be relatively simple (eg 'reverse In zones of visual
circulation drilling was used to obtain 1 m samples interest during drilling,
from which 3 kg was pulverised to produce a 30 g these 1m splits were
charge for fire assay'). In other cases more submitted for analysis
explanation may be required, such as where there is instead of the 3m
coarse gold that has inherent sampling problems. composites.
Unusual commodities or mineralisation types (eg
submarine nodules) may warrant disclosure of detailed
information.
==============================================================
Drilling Reverse circulation
techniques * Drill type (eg core, reverse circulation, open-hole drilling (5 1/4
hammer, rotary air blast, auger, Bangka, sonic, etc) inch diameter)
and details (eg core diameter, triple or standard
tube, depth of diamond tails, face-sampling bit or
other type, whether core is oriented and if so, by
what method, etc).
================== ============================================================== ================================
Drill sample Sample recovery was
recovery * Method of recording and assessing core and chip good. Each drill cutting
sample recoveries and results assessed. pile size is logged
and any deviation
from expected is raised
* Measures taken to maximise sample recovery and ensure with the driller,
representative nature of the samples. and if undersize,
to check for blockages.
No sample biases are
* Whether a relationship exists between sample recovery expected, and no relationship
and grade and whether sample bias may have occurred is known to exist
due to preferential loss/gain of fine/coarse between sample recovery
material. and grade.
================== ============================================================== ================================
Logging All chip samples are
* Whether core and chip samples have been geologically qualitatively geologically
and geotechnically logged to a level of detail to logged (lithology,
support appropriate Mineral Resource estimation, structure, alteration,
mining studies and metallurgical studies. veining, mineralisation,
weathering, colour
and other features).
* Whether logging is qualitative or quantitative in No mineral resource
nature. Core (or costean, channel, etc) photography. estimation, mining
studies or metallurgical
studies have been
* The total length and percentage of the relevant conducted at this
intersections logged. stage, but samples
have been logged in
sufficient detail
to use for this function.
During the logging
process representative
samples are stored
in chip trays for
future reference.
The RC chip trays
are photographed and
electronically stored.
================== ============================================================== ================================
Sub- sampling Drill samples were
techniques * If core, whether cut or sawn and whether quarter, taken dry with a PVC
and sample half or all core taken. spear as described
preparation in "Sampling Techniques"
above. The sample
* If non-core, whether riffled, tube sampled, rotary sizes are as per industry
split, etc and whether sampled wet or dry. standard for RC drilling.
Sampling is carried
* For all sample types, the nature, quality and out using standard
appropriateness of the sample preparation technique. protocols and QAQC
procedures as per
industry practice.
* Quality control procedures adopted for all Field QAQC procedures
sub-sampling stages to maximise representivity of for drilling involved
samples. the use of a certified
standard, blank and
field duplicate sample
* Measures taken to ensure that the sampling is submitted every 20
representative of the in situ material collected, samples (i.e., 17
including for instance results for field samples and 3 QAQC
duplicate/second-half sampling. samples). These are
routinely checked
against originals.
* Whether sample sizes are appropriate to the grain
size of the material being sampled. All samples were sent
to Bureau Veritas
Laboratories in, which
is an ISO 9001 accredited
laboratory. Sample
preparation includes
sorting and drying,
followed by LM5 pulverising
(PR303).
================== ============================================================== ================================
Quality The assay method is
of assay * The nature, quality and appropriateness of the considered 'industry
data and assaying and laboratory procedures used and whether standard' and appropriate
laboratory the technique is considered partial or total. for exploration.
tests
Drill samples were
* For geophysical tools, spectrometers, handheld XRF assayed at Bureau
instruments, etc, the parameters used in determining Veritas Laboratories
the analysis including instrument make and model, in by lead collection
reading times, calibrations factors applied and their fire assay with a
derivation, etc. 40g charge and AAS
finish for gold with
a detection limit
* Nature of quality control procedures adopted (eg of 0.01ppm (FA001)
standards, blanks, duplicates, external laboratory
checks) and whether acceptable levels of accuracy (ie Internal certified
lack of bias) and precision have been established. laboratory QAQC was
undertaken including
check samples, duplicates,
blanks and internal
standards
Handheld pXRF readings
readings are taken
on -2mm sieved samples
on every drill metre,
using an XTL5 Niton
with a 40 second reading
time.
Instrument is calibrated
at start of each day,
along with QAQC of
1 standard and 1 blank.
External instrument
calibration completed
annually.
All drill samples
are measured for magnetic
susceptibility at
1m intervals using
a hand-held magnetic
susceptibility meter.
================== ============================================================== ================================
Verification All significant intersections
of sampling * The verification of significant intersections by have been verified
and assaying either independent or alternative company personnel. by a company geologist
and alternative company
geologist.
* The use of twinned holes. There are no twinned
drillholes.
All drilling data
* Documentation of primary data, data entry procedures, is collected in a
data verification, data storage (physical and series of templates
electronic) protocols. in excel including
geological logging,
sample information,
* Discuss any adjustment to assay data. collar and survey
information.
All data is digitally
recorded in the company's
electronic database,
managed by external
database company utilising
Datashed5 software.
No adjustments have
been made to the assay
data.
================== ============================================================== ================================
Location Drill collars were
of data * Accuracy and quality of surveys used to locate drill surveyed using a handheld
points holes (collar and down-hole surveys), trenches, mine Garmin 62s GPS with
workings and other locations used in Mineral Resource an accuracy of +/-3m.
estimation. Grid system is MGA94
zone 50 (GDA). Drill
rig alignment at the
* Specification of the grid system used. collar was conducted
using a north seeking
gyro. Topographic
* Quality and adequacy of topographic control. control using the
GPS is suitable for
early- stage exploration.
================== ============================================================== ================================
Data spacing Data spacing for preliminary
and distribution * Data spacing for reporting of Exploration Results. exploration is deemed
sufficient to test
geochemical anomalies
* Whether the data spacing and distribution is and mapped structural
sufficient to establish the degree of geological and features. Sufficiently
grade continuity appropriate for the Mineral Resource anomalous assays and
and Ore Reserve estimation procedure(s) and any other zones of
classifications applied. interest will be assayed
in more detail using
the 1m samples collected
* Whether sample compositing has been applied. off the cyclone.
================== ============================================================== ================================
Orientation Orientational bias
of data * Whether the orientation of sampling achieves unbiased is not applicable
in relation sampling of possible structures and the extent to to RC drilling at
to geological which this is known, considering the deposit type. this stage but samples
structure and drill lines were
orientated approximately
* If the relationship between the drilling orientation perpendicular to the
and the orientation of key mineralised structures is assumed strike of
considered to have introduced a sampling bias, this gold mineralisation.
should be assessed and reported if material.
================== ============================================================== ================================
Sample All samples taken
security * The measures taken to ensure sample security. from Newman to Bureau
Veritas, via registered
express freight company.
Sample Security levels
are considered appropriate
for RC Drilling.
================== ============================================================== ================================
Audits None undertaken. Thor's
or reviews * The results of any audits or reviews of sampling sampling procedure
techniques and data. conforms to industry
standard practice
and each assay program
is reviewed internally
for any discrepancies.
================== ============================================================== ================================
1.1 Section 2 Reporting of Exploration Results
Criteria JORC Code explanation Commentary
Mineral tenement Exploration results
and land tenure * Type, reference name/number, location and ownership are reported on E46/1393
status including agreements or material issues with third in Western Australia
parties such as joint ventures, partnerships, held 100% by Pilbara
overriding royalties, native title interests, Goldfields Pty Ltd,
historical sites, wilderness or national park and Thor Mining PLC.
environmental settings.
* The security of the tenure held at the time of
reporting along with any known impediments to
obtaining a licence to operate in the area.
==============================================================
Exploration Sporadic surface
done by other * Acknowledgment and appraisal of exploration by other geochemistry over
parties parties. tenure carried out
by Great Southern
Mines up to 1997.
CRAE explored are
in 1994.
1966 - 1974 - the
area was explored
by Conwest, Cominco
and Hawkstone drilling
2 holes DDHK1 and
DDHK2 with a copper
focus.
Keely Copper Mine
was worked between
1955 - 1970
intermittently.
======================== ============================================================== ============================
Geology Yet to be determined
* Deposit type, geological setting and style of
mineralisation.
======================== ============================================================== ============================
Drill hole Tables, plans and
Information * A summary of all information material to the sections summarising
understanding of the exploration results including a significant drill
tabulation of the following information for all results are included
Material drill holes: in the report
o easting and northing of the drill
hole collar
o elevation or RL (Reduced Level
- elevation above sea level in metres)
of the drill hole collar
o dip and azimuth of the hole
o down hole length and interception
depth
o 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.
======================== ============================================================== ============================
Data aggregation All aggregate drill
methods * In reporting Exploration Results, weighting averaging intercepts are length
techniques, maximum and/or minimum grade truncations weighted and there
(eg cutting of high grades) and cut-off grades are was no internal dilution
usually Material and should be stated. incorporated. No
metal equivalents
have been reported.
* 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.
* assumptions used for any reporting of metal
equivalent
* The values should be clearly stated.
======================== ============================================================== ============================
Relationship All results are assumed
between mineralisation * These relationships are particularly important in the to be true width
widths and intercept reporting of Exploration Results. but is not definitively
lengths known at this stage.
* 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 should be a clear statement to this
effect (eg 'down hole length, true width not known').
======================== ============================================================== ============================
Diagrams Appropriate maps
* Appropriate maps and sections (with scales) and and sections are
tabulations of intercepts should be included for any included in the report.
significant discovery being reported These should
include, but not be limited to a plan view of drill
hole collar locations and appropriate sectional
views.
======================== ============================================================== ============================
Balanced reporting All results have
* Where comprehensive reporting of all Exploration been reported
Results is not practicable, representative reporting
of both low and high grades and/or widths should be
practiced to avoid misleading reporting of
Exploration Results.
======================== ============================================================== ============================
Other substantive No meaningful or
exploration * Other exploration data, if meaningful and material, material information
data should be reported including (but not limited to): has been omitted
geological observations; geophysical survey results; from this release.
geochemical survey results; bulk samples - size and
method of treatment; metallurgical test results; bulk
density, groundwater, geotechnical and rock
characteristics; potential deleterious or
contaminating substances.
======================== ============================================================== ============================
Further work It is anticipated
* The nature and scale of planned further work (eg that follow up and
tests for lateral extensions or depth extensions or reconnaissance
large-scale step- out drilling). geochemistry
(rockchip, soil &
stream) and drilling
* Diagrams clearly highlighting the areas of possible will be undertaken
extensions, including the main geological over tenure , including
interpretations and future drilling areas, provided Sterling and Kelly's
this information is not commercially sensitive. prospects.
======================== ============================================================== ============================
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DRLTABFTMTABMMT
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December 15, 2022 02:00 ET (07:00 GMT)
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