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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Savannah Resources Plc | LSE:SAV | London | Ordinary Share | GB00B647W791 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.30 | 3.20 | 3.40 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 0 | -2.86M | -0.0016 | -20.63 | 60.33M |
From Apr 2019 to Apr 2024
TIDMSAV
RNS Number : 5903N
Savannah Resources PLC
10 August 2017
Savannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining
10 August 2017
Savannah Resources Plc
Drilling Intersects Broad Zones of Pegmatite at the Advanced Mina do Barroso Lithium Project, Portugal
Savannah Resources plc (AIM: SAV) ('Savannah' or 'the Company'), the AIM quoted resource development company, is pleased to announce that the reverse circulation ('RC') drill programme aimed at defining a JORC compliant mineral resource estimate at the Mina do Barroso lithium project in Portugal (Figures 1) has intersected broad zones of pegmatite. To view the press release with the illustrative maps and diagrams please use the following link:
http://www.rns-pdf.londonstockexchange.com/rns/5903N_-2017-8-9.pdf
HIGHLIGHTS:
-- 16 RC drill holes have now been completed at Mino do Barroso; -- All holes drilled to date have intersected massive pegmatite; -- Drilling focused on three primary target areas - Grandao, Reservatorio and NOA:
o Reservatorio: 7 holes for 605m completed over a 400m strike with pegmatite widths of 15m-39m intersected and drilling confirming potential good down dip extension of at least 80m;
o Grandao: 7 holes for 565m completed over a 200m strike with pegmatite widths of 15m-27m intersected with drilling confirming a large sub horizontal body could potentially be present;
o Both Reservatorio and Grandao remain open along strike and down dip;
o Drilling yet to start at NOA; and
-- Further mapping of the licence area also underway to map and define other lithium bearing pegmatites.
Savannah's CEO, David Archer said: "We are delighted that our maiden drill programme in Portugal has successfully extended the strike and depth extents of known pegmatites at the Reservatorio and Grandao deposits. Crucially, both deposits remain open along strike and down dip, and drilling is yet to commence on our third target area, NOA. All three targets are located on the key Mina do Barroso tenement, which has 21 years left to run on its 30-year mining licence, meaning that with a defined JORC resource a development decision could be made by the end of 2018. The first set of mineral samples have been despatched for assay testing and analysis and I look forward to providing Savannah's shareholders with the results of this analysis in due course, alongside updates on our ongoing drill work."
Figure 1. Mina do Barroso Project Summary Map - see PDF
Reservatorio
To date seven holes for 605m have been completed at Reservatorio with widths of massive pegmatite between 15m-39m intersected in all holes (Table 1 and Figure 2-3). Importantly, drilling has now intersected pegmatite along a 400m strike and on one section to least 80m down dip confirming the potential for good depth extensions of the pegmatite. Drilling suggests that the pegmatite body has a dip of about 40 degrees to the northwest. The pegmatite remains open along strike and down dip and further detailed information will be reported once the results have been received.
Table 1. Summary details of Reservatorio Drilling
Hot Features
Premium
Hole AMG AMG Depth Azimuth Dip Comments
ID East North
----------- ------- -------- ------ -------- ---- ----------------------------------------
Pegmatite/Schist 5-10m;
Pegmatite 10-15m; Pegmatite/Schist
15-16m;
Pegmatite 16-18m; Pegmatite/Schist
18-21m; Pegmatite 21-28m;
Pegmatite/Schist 28-32m;
Pegmatite/Schist 39-40m;
Pegmatite 40-42m; Pegmatite/Schist
17RESRC02 599920 4609183 50m 150 -60 42-46m
----------- ------- -------- ------ -------- ---- ----------------------------------------
Pegmatite 35-61m; Pegmatite/Schist
61-63m; Pegmatite/Schist
66-70m;
Pegmatite/Schist 84-85m;
Pegmatite 85-90m; Pegmatite/Schist
17RESRC03 599820 4609200 110m 150 -60 90-91m
----------- ------- -------- ------ -------- ---- ----------------------------------------
Pegmatite/Schist 47-49m;
Pegmatite 60-97m; Pegmatite/Schist
17RESRC04 599720 4609214 125m 150 -60 97-101m
----------- ------- -------- ------ -------- ---- ----------------------------------------
Pegmatite/Schist 11-13m;
Pegmatite/Schist 26-27m;
Pegmatite 27-29m;
Pegmatite/Schist 40-41m;
Pegmatite 41-78m; Pegmatite/Schist
78-83m;
17RESRC05 599742 4609185 105m 150 -60 Pegmatite/Schist 96-98m
----------- ------- -------- ------ -------- ---- ----------------------------------------
17RESRC06 599584 4608968 50m 150 -60 Pegmatite 4-30m
----------- ------- -------- ------ -------- ---- ----------------------------------------
Pegmatite/Schist 3-5m; Pegmatite/Schist
9-11m; Pegmatite 15-49m;
Pegmatite/Schist 53-60m;
17RESRC07 599840 4609166 80m 150 -60 Pegmatite/Schist 67-69m
----------- ------- -------- ------ -------- ---- ----------------------------------------
Pegmatite 7-40m; Pegmatite/Schist
41-42m; Pegmatite/Schist
44-45m;
Pegmatite/Schist 47-49m;
Pegmatite 54-55m; Pegmatite
55-56m;
Pegmatite/Schist 56-57m;
Pegmatite/Schist 63-64m;
17RESRC08 599758 4609151 85m 150 -60 Pegmatite 64-65m
----------- ------- -------- ------ -------- ---- ----------------------------------------
Figure 2. RC drilling at Reservatorio - see PDF
Figure 3. Reservatorio: 37m intercept of massive pegmatite from drill hole 17RESRC04 - see PDF
Grandao
To date seven holes for 565m have been completed at Grandao with widths of massive pegmatite between 15m-27m intersected in all holes (Table 1 and Figure 4-5). Drilling intersected pegmatite along a 200m strike and drilling has indicated that the body is close to flat or shallowly dipping to the south west. This near surface, relatively flat body would have significant mining cost benefits for any potential development of the deposit. The pegmatite body remains open in all directions and further detailed information will be reported once the results have been received.
Table 2. Summary details of Reservatorio Drilling
Hole AMG AMG North Depth Azimuth Dip Comments
ID East
----------- ------- ---------- ------ -------- ---- --------------------------
Pegmatite 0-18m;
Pegmatite/Schist
18-20m;
Pegmatite/Schist
37-40m; Pegmatite
17GRARC01 601947 4608100 100m - -90 48-49m
----------- ------- ---------- ------ -------- ---- --------------------------
Pegmatite 27-55m;
Pegmatite/Schist
17GRARC02 601927 4608065 100m - -90 55-57m
----------- ------- ---------- ------ -------- ---- --------------------------
Pegmatite/Schist
0-1m; Pegmatite
1-2m; Pegmatite/Schist
2-3m;Pegmatite/Schist
5-7m; Pegmatite
37-40m; Pegmatite/Schist
40-41m;Pegmatite/Schist
44-46m; Pegmatite
48-62m; Pegmatite/Schist
17GRARC03 601907 4608031 85m - -90 62-63m
----------- ------- ---------- ------ -------- ---- --------------------------
Pegmatite/Schist
6-8m; Pegmatite/Schist
39-40m; Pegmatite
40-55m;
Pegmatite/Schist
17GRARC04 601945 4608024 80m - -90 55-56m
----------- ------- ---------- ------ -------- ---- --------------------------
Pegmatite 13-33m;
Pegmatite/Schist
17GRARC05 601978 4607993 80m - -90 33-39m
----------- ------- ---------- ------ -------- ---- --------------------------
Pegmatite 0-19m;
Pegmatite/Schist
17GRARC06 601969 4607960 80m - -90 19-21m
----------- ------- ---------- ------ -------- ---- --------------------------
Pegmatite 0-18m;
Pegmatite/Schist
17GRARC07 602008 4607946 40m - -90 18-24m
----------- ------- ---------- ------ -------- ---- --------------------------
Figure 4. RC drilling at Grandao - see PDF
Figure 5. Grandao: 27m intercept of massive pegmatite from drill hole 17GRARC02 - see PDF
Further drilling will be completed at Grandao before the rig takes a short summer break and then work will continue with drilling at NOA and other potential follow up drilling.
Savannah has a 75% shareholding in Slipstream Resources Portugal Unipessol Lda, which is the registered holder of the Mina do Barroso mining licence.
Competent Person and Regulatory Information
The information in this announcement that relates to exploration results is based upon information compiled by Mr Dale Ferguson, Technical Director of Savannah Resources Limited. Mr Ferguson is a Member of the Australian Institute of Mining and Metallurgy (AusIMM) and has sufficient experience which 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 in the December 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (JORC Code). Mr Ferguson consents to the inclusion in the report of the matters based upon the information in the form and context in which it appears.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
**S**
For further information please visit www.savannahresources.com or contact:
David Archer Savannah Resources Tel: +44 20 7117
plc 2489
David Hignell / Gerry Northland Capital Tel: +44 20 3861
Beaney (Nominated Partners Ltd 6625
Adviser)
Christopher Raggett finnCap Ltd Tel: +44 20 7220
/ Emily Morris 0500
(Corporate Broker)
Charlotte Page / Lottie St Brides Partners Tel: +44 20 7236
Brocklehurst Ltd 1177
About Savannah
Notes
Savannah Resources Plc (AIM: SAV) is a growth oriented, multi-commodity, mineral development company.
Mozambique
Savannah operates the Mutamba heavy mineral sands project in Mozambique in collaboration with Rio Tinto, and can earn a 51% interest in the related Consortium (currently has a 20% interest). The project has an initial Indicated and Inferred Mineral Resource Estimate of 4.4 billion tonnes at 3.9% THM and a Scoping Study based on a resource of 451Mt at 6.0% THM (based on a conceptual mine plan utilising 33% indicated resource and 67% inferred resource) established a life of mine of 30 years, with average annual production following ramp-up to a 15 Mtpa mining rate estimated to be 456,000t of roasted ilmenite and 118,000t of non-magnetic concentrate (rutile and zircon), which will position Mutamba as a globally significant Ilmenite producer. The Company is targeting first production in 2020 with a LOM revenue forecast of US$4.23 billion based on Management Case Two (base case revenue of US$3.53 billion forecast). Under the terms of the Consortium Agreement, upon delivery by Savannah of the following milestones, the Company can earn the corresponding interest in Mutamba: pre-feasibility study - 35%; feasibility study - 51%. Additionally, the Consortium Agreement includes an offtake agreement on commercial terms for the sale of 100% of heavy mineral concentrate production to Rio Tinto (or an affiliate).
Oman
Savannah has interests in two copper blocks in the highly prospective Semail Ophiolite Belt in Oman. The projects, which have an Indicated and Inferred Mineral Resource of 1.7Mt @ 2.2% copper and high-grade intercepts of up to 56.35m at 6.21% Cu, with gold credits, provide Savannah with an excellent opportunity to potentially evolve into a mid-tier copper and gold producer in a relatively short time frame. Together with its Omani partners, Savannah aims to outline further mineral resources to provide the critical mass for a central operating plant to develop the deposits and in December 2015 outlined exploration targets of between 10,700,000 and 29,250,000 tonnes grading between 1.4% and 2.4% copper.
Portugal
Savannah holds a 75% interest one mining licence and nine prospective applications for the exploration and development of lithium, covering an area in excess of 1,018km(2) in northern Portugal. This includes the highly strategic Mina do Barroso prospect, which with an approved Mining Plan ('MP'), Environmental Impact Assessment ('EIA') and a 30-year mining concession/Mining Licence ('ML'), means that with a defined JORC resource a development decision could be made as early as Q4 2018.
Finland
Savannah has Reservation Permits over two lithium projects, covering an area of 159km(2). Geological mapping has highlighted the presence of seven pegmatites with key lithium minerals petalite, spodumene and lepidolite all identified.
APPIX 1 - JORC 2012 Table 1
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
Criteria JORC Code explanation Commentary
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
Sampling
techniques * Nature and quality of sampling (eg cut channels, * Reverse circulation (HQ size) samples were taken on
random chips, or specific specialised industry either 1 intervals for pegmatite or 4m composites in
standard measurement tools appropriate to the surrounding schist. RC samples were collected in
minerals under investigation, such as down hole gamma large plastic bags from an onboard rig splitter and a
sondes, or handheld XRF instruments, etc). These 4-6kg representative sample taken for analysis.
examples should not be taken as limiting the broad
meaning of sampling.
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
* Include reference to measures taken to ensure sample * Drilling was conducted on a nominal 80m by 40m
representivity and the appropriate calibration of any spacing based on geological targets using RC drilling
measurement tools or systems used. technology, an industry standard drilling technique.
Drilling rods are 3m long and 1 sample is taken for
each rod interval.
* Collar surveys are carried using hand held GPS with
an accuracy to within 5m, and the z direction was
determined by satellite derived elevation data and is
accurate to less than a metre.
* A downhole survey for each hole was completed
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
* Aspects of the determination of mineralisation that * The lithium mineralization is predominantly in the
are Material to the Public Report. form of Spodumene-bearing pegmatites, the pegmatites
are unzoned and vary in thickness from 15m-39m.
* In cases where 'industry standard' work has been done
this would be relatively simple (eg 'reverse * Down hole sampling is carried out on either a 1 or 4m
circulation drilling was used to obtain 1 m samples interval from which 4-6kg of pulverized material (RC)
from which 3 kg was pulverised to produce a 30 g was pulverized to produce a 50g charge for assaying
charge for fire assay'). In other cases more
explanation may be required, such as where there is
coarse gold that has inherent sampling problems.
Unusual commodities or mineralisation types (eg
submarine nodules) may warrant disclosure of detailed
information.
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
Drilling
techniques * Drill type (eg core, reverse circulation, open-hole * RC drilling at a diameter of 120mm is a form of
hammer, rotary air blast, auger, Bangka, sonic, etc) reverse circulation drilling requiring annular drill
and details (eg core diameter, triple or standard rods. Compressed air is pumped down the outer tube
tube, depth of diamond tails, face-sampling bit or and the sample is collected from the open face
other type, whether core is oriented and if so, by drilling bit and blown up the inner tube.
what method, etc).
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
Drill
sample * Method of recording and assessing core and chip * Field assessment of sample volume. A theoretical
recovery sample recoveries and results assessed. dried sample mass was estimated to be within the
range of 18 kg to 24 Kg, 70% of samples are within
the expected range. Lower than average sample
recovery is recorded only for the very top of the
drill hole due to air and sample losses into the
surrounding soil
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
* Measures taken to maximise sample recovery and ensure * RC drilling sample weights were monitored to ensure
representative nature of the samples. samples were maximized. Samples were carefully loaded
into a splitter and split in the same manner ensuring
that the sample split to be sent to the assay
laboratories were in the range of 4-6kg.
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
* Whether a relationship exists between sample recovery * No obvious releationships
and grade and whether sample bias may have occurred
due to preferential loss/gain of fine/coarse
material.
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
Logging
* Whether core and chip samples have been geologically * RC holes were logged in the field at the time of
and geotechnically logged to a level of detail to sampling.
support appropriate Mineral Resource estimation,
mining studies and metallurgical studies.
* Each 1m sample interval was carefully homogenized and
assessed for lithology, colour, grainsize, structure
* Whether logging is qualitative or quantitative in and mineralization.
nature. Core (or costean, channel, etc) photography.
* A representative chip sample produced from RC
* The total length and percentage of the relevant drilling was washed and taken for each 1m sample and
intersections logged. stored in a chip tray which was photographed
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
Sub-sampling
techniques * If core, whether cut or sawn and whether quarter, * RC samples were split by the rotary splitter on the
and sample half or all core taken. drill rig and sampled dry
preparation
* If non-core, whether riffled, tube sampled, rotary
split, etc and whether sampled wet or dry.
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
* For all sample types, the nature, quality and * The sampling was conducted using industry standard
appropriateness of the sample preparation technique. techniques and were considered appropriate
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
* Quality control procedures adopted for all * The 4m composites were collected using a spear with
sub-sampling stages to maximise representivity of the spear inserted into the bag at a high angle and
samples. pushed across the sample to maximise representivity
of the sample
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
* Measures taken to ensure that the sampling is * Every effort was made to ensure that the samples were
representative of the in situ material collected, representative and not bias in anyway
including for instance results for field
duplicate/second-half sampling.
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
* Whether sample sizes are appropriate to the grain * All samples were taken once they went through the
size of the material being sampled. onboard splitter from the drill rig. Depending on the
rock types on average a 4-6kg sample was sent to the
lab for analysis and the remaining material averaged
18-24kg and remains stored on site for any further
analysis required
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
Quality * N/A
of assay * The nature, quality and appropriateness of the
data and assaying and laboratory procedures used and whether
laboratory the technique is considered partial or total.
tests
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
* Not used
* 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 (eg * Standards/blanks and duplicates we inserted on a 1:20
standards, blanks, duplicates, external laboratory ratio for both to samples taken
checks) and whether acceptable levels of accuracy (ie
lack of bias) and precision have been established.
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
Verification
of sampling * The verification of significant intersections by * All information was internally audited by company
and assaying either independent or alternative company personnel. personnel
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
* The use of twinned holes. * Several historical holes we twinned for comparison
purposes with the modern drilling
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
* N/A
* Documentation of primary data, data entry procedures,
data verification, data storage (physical and
electronic) protocols.
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
* N/A
* Discuss any adjustment to assay data.
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
Location
of data * Accuracy and quality of surveys used to locate drill * The coordinate of each drill hole was taken at the
points holes (collar and down-hole surveys), trenches, mine time of collecting using a handheld GPS with an
workings and other locations used in Mineral Resource accuracy of 5m.
estimation.
* The grid system used is WSG84
* Specification of the grid system used.
* Topographic accuracy was +/- 5m
* Quality and adequacy of topographic control.
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
Data spacing
and * Data spacing for reporting of Exploration Results. * Drilling was on a nominal 80m by 40m spacing and
distribution based on geological targets
* Whether the data spacing and distribution is
sufficient to establish the degree of geological and * Drill data is not currently at sufficient spacing to
grade continuity appropriate for the Mineral Resource define a mineral resource.
and Ore Reserve estimation procedure(s) and
classifications applied.
* Some samples were composited on a 4m basis based on
geological criteria, these areas were all outside the
* Whether sample compositing has been applied. pegmatite bodies where 1m sampling was completed
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
Orientation
of data * Whether the orientation of sampling achieves unbiased * Drilling was orientated perpendicular to the known
in relation sampling of possible structures and the extent to strike of the pegmatites
to which this is known, considering the deposit type.
geological
structure * Drill holes we orientated at either -60 degrees or
* If the relationship between the drilling orientation -90 degrees depending on the dip of the pegmatite in
and the orientation of key mineralised structures is an attempt to get drill holes as close to true width
considered to have introduced a sampling bias, this as possible
should be assessed and reported if material.
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
Sample
security * The measures taken to ensure sample security. * Samples were delivered to a courier and chain of
custody is managed by Savannah.
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
Audits * Internal company auditing
or reviews * The results of any audits or reviews of sampling
techniques and data.
------------- ------------------------------------------------------------ -----------------------------------------------------------------------
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Criteria JORC Code explanation Commentary
--------------- --------------------------------------------------------------- ------------------------------------------------------------------
Mineral
tenement * Type, reference name/number, location and ownership * All work was completed inside the 100% owned Mina do
and land including agreements or material issues with third Barroso project C-100
tenure parties such as joint ventures, partnerships,
status overriding royalties, native title interests,
historical sites, wilderness or national park and
environmental 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.
--------------- --------------------------------------------------------------- ------------------------------------------------------------------
Exploration * N/A
done by * Acknowledgment and appraisal of exploration by other
other parties.
parties
--------------- --------------------------------------------------------------- ------------------------------------------------------------------
Geology
* Deposit type, geological setting and style of * The lithium mineralization is predominantly in the
mineralisation. form of Spodumene-bearing pegmatites which are hosted
in meta-pelitic and mica schists, and occasionally
carbonate schists of upper Ordovician to lower
Devonian age. The pegmatites are unzoned and vary in
thickness from 15m-39m. Lithium is present in most
aplite compositions.
--------------- --------------------------------------------------------------- ------------------------------------------------------------------
Drill
hole * A summary of all information material to the * See table in main release, grid used WSG84
Information understanding of the exploration results including a
tabulation of the following information for all
Material drill holes: * No material data has been excluded from the release
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 * In reporting Exploration Results, weighting averaging * N/A
methods techniques, maximum and/or minimum grade truncations
(eg cutting of high grades) and cut-off grades are
usually Material and should be stated.
* 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 for any reporting of metal
equivalent values should be clearly stated.
--------------- --------------------------------------------------------------- ------------------------------------------------------------------
Relationship
between * These relationships are particularly important in the * Exploration results are reported as down hole
mineralisation reporting of Exploration Results. intercepts
widths
and intercept
lengths * If the geometry of the mineralisation with respect to * No metal equivalent values have been used.
the drill hole angle is known, its nature should be
reported.
* The drill holes are detailed in the table in the main
release and the pegmatite at Reservatorio appears to
* If it is not known and only the down hole lengths are dip at around 40degrees to the north west and at
reported, there should be a clear statement to this Grandao it is sub horizontal
effect (eg 'down hole length, true width not known').
--------------- --------------------------------------------------------------- ------------------------------------------------------------------
Diagrams
* Appropriate maps and sections (with scales) and * Relevant diagrams and maps have been included in the
tabulations of intercepts should be included for any main body of the release.
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 * Where comprehensive reporting of all Exploration * All relevant results available have 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 * Other exploration data, if meaningful and material, * The interpretation of the results is consistent with
exploration should be reported including (but not limited to): the observations and information obtained from the
data geological observations; geophysical survey results; data collected.
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 * The nature and scale of planned further work (eg * Further rock chip sampling, channel sampling and RC
tests for lateral extensions or depth extensions or drilling. Once planning has been completed the detail
large-scale step-out drilling). will be provided
* Diagrams clearly highlighting the areas of possible
extensions, including the main geological
interpretations and future drilling areas, provided
this information is not commercially sensitive.
--------------- --------------------------------------------------------------- ------------------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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