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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ggg Resources | LSE:GGG | London | Ordinary Share | GB00B4KDJB03 | ORD 2P |
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|---|---|---|---|---|---|---|---|---|---|---|
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| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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From Dec 2019 to Dec 2024
TIDMGGG
RNS Number : 3234Y
GGG Resources PLC
29 February 2012
GGG Resources plc
(the "Company" or "GGG")
Bullabulling Gold Resource Increases to 3.2 Million Ounces, including 2.1 Million Ounces of Indicated Resource.
Highlights
-- Results from the Phase Two infill drilling programme have produced a new JORC global resource estimate of 3.2 million ounces of gold (102.8 Mt at 0.96g/t Au) using a 0.5g/t Au cut off.
-- The total resource along the Bullabulling Trend has increased by 800,000 ounces of gold and the Indicated resource in the same area has increased by 1.4 million ounces of gold.
-- The updated resource estimate does not include resources contained within the Gibraltar Pit or the Laterite Dumps at the Bullabulling Project which is currently being drilled.
-- The increase from 2.4 million ounces (excluding Gibraltar and Laterite Dumps) to 3.2 million ounces is primarily the result of new zones of mineralisation intersected particularly north of the Phoenix Pit.
-- The new estimate includes 2.1 million ounces of Indicated resource along the Bullabulling Trend at a grade of 0.92 g/t Au.
-- The resource has yet to be optimised, but while tonnage has increased significantly, model grades at different cut-offs have also increased. The Directors expect that this, in combination with the newly delineated areas of mineralisation which should reduce the strip ratios, will have a positive effect in reducing operating cost estimates against those provided in the Scoping Study (see release 19 December 2011).
-- The new resource estimate will be used as the basis for establishing a maiden reserve for Bullabulling during the pre-feasibility study currently in progress.
-- The new resource estimate supports the Scoping Study scenario of an operation with an initial Life of Mine production of 2.0 to 2.5Moz gold over a ten year mine life with potential to expand the current resource in the future.
-- The drilling results for the Phase II drilling programme are set out at the end of this announcement
Mineral Resource Estimate Overview
The mineral resource estimate for the Bullabulling Gold Project near Coolgardie, Western Australia has been upgraded to include results from the Phase Two infill drilling programme (totalling approximately 75,000m) which was completed in December 2011. The resource estimate for the Bullabulling Trend (Table 1) is now 102.8 Mt at 0.96 g/t Au (3.2 million ounces contained gold) using a 0.5 g/t Au cut-off grade (Indicated and Inferred). The proportion of Indicated resource has increased approximately threefold to 72.1 Mt at 0.92 g/t Au (2.1 million ounces contained gold) using a 0.5 g/t cut-off compared to the previous resource estimate (711,700 ounces see announcement dated 15 August 2011). The total global resource from the Bullabulling Trend (excluding Gibraltar and Laterite Dumps) has also increased by 800,000 ounces from the August, 2011 estimate. The resource remains open particularly at depth and to the south.
The mineral resource was estimated over a similar area to the August, 2011 resource estimate, and to a maximum depth of 100RL, approximately 350m below surface and an average depth of 346RL, approximately 100m below surface. The estimate is also confined to the tenement areas held by the Joint Venture. This estimate does not include the Gibraltar resource or the historic laterite dumps and stockpiles. It also excludes all previous RAB drilling results and unclassified mineralisation.
The previous Phase One JORC (2004) compliant Mineral Resource estimate for theBullabulling Gold Project near Coolgardie, Western Australia (Announcement of 15 August 2011) was 78.84 Mt at 1.03 g/t Au (2.60 million ounces contained gold) using a 0.5 g/t cut-off (Indicated and Inferred). This estimation includes resources at Gibraltar and the Laterite Dumps.
The new resource, which excludes Gibraltar and the Laterite Dumps, is a significant increase in contained gold, given the new drilling only in-filled areas of known mineralisation along the Bullabulling Trend. The Bullabulling mineral resources as of February, 2012 are listed in Table 1 and the August, 2011 resources are provided in Table 2 for comparison.
Table 1 Bullabulling Trend Mineral Resource (February, 2012) at a 0.5 g/t cutoff (JORC, 2004)
Hot Features
Premium
Mineralisation Cut off Class Tonnes (Mt) Gold grade Contained
Type (g/t g/t Ounces
Au)
------------------------ --------- ----------- ------------- ------------ -----------
Bullabulling Laterite 0.5 Inferred 1.7 0.90 45,800
------------------------ --------- ----------- ------------- ------------ -----------
Bullabulling Fresh 0.5 Indicated 72.1 0.92 2,132,000
------------------------ --------- ----------- ------------- ------------ -----------
0.5 Inferred 29.0 1.08 1,026,000
------------------------ --------- ----------- ------------- ------------ -----------
*Bullabulling
Trend Total 102.8 0.96 3,204,000
------------------------ --------- ----------- ------------- ------------ -----------
*Note: The Bullabulling Trend resource is quoted for blocks with a grade of greater than 0.5 g/t and the impact of barren pegmatite dykes has been modelled geologically, with 35Mt of pegmatite dykes excluded from the resource estimate.
Table 2 Bullabulling Trend Mineral Resource (August, 2011) at a 0.5 g/t cutoff (JORC, 2004)
Mineralisation Cut off Class Tonnes (Mt) Gold grade Contained
Type (g/t g/t Ounces
Au)
------------------------ --------- ----------- ------------- ------------ -----------
Bullabulling Laterite 0.5 Inferred 1.6 0.89 45,700
------------------------ --------- ----------- ------------- ------------ -----------
Bullabulling Fresh 0.5 Indicated 21.0 1.01 691,000
------------------------ --------- ----------- ------------- ------------ -----------
0.5 Inferred 50.9 1.03 1,683,900
------------------------ --------- ----------- ------------- ------------ -----------
*Bullabulling
Trend Total 73.8 1.02 2,420,600
------------------------ --------- ----------- ------------- ------------ -----------
*Note: The Bullabulling Trend resource is quoted for blocks with a grade of greater than 0.5 g/t and the tonnage figures for the fresh mineralisation have been discounted by 7% to allow for the impact of barren pegmatite dykes.
The updated February 2012 resource estimate for the Bullabulling Trend, including the new infill drilling, was completed by the Snowden Group and a summary letter describing the data and techniques used and the resource estimate is included in this announcement.
Commenting on the independent JORC compliant mineral resource estimate, Jeff Malaihollo GGG Resources plc's Managing Director, said:
"The Bullabulling Project continues to grow and now stands at 3.2Moz excluding the resource at Gibraltar, which we are currently drilling. The average grades in individual block models have increased, however there are significant new areas of gold mineralisation discovered at average grades of 0.7-0.9 g/t Au, which lowers the average grades in the global resource. These new areas of mineralisation should reduce the strip ratios and should have a positive influence on the operating cost estimates.
This new resource will be the basis of the pre-feasibility study and, combined with the imminent merger between GGG Resources plc and Auzex Limited, places the project in a strong position for development."
Resource Reconciliation with Previous Estimates and Historic Mining
The February 2012 resource estimate used assays from all the drilling carried out by the Joint Venture (both RC and diamond), historic reverse circulation (RC) and diamond drill hole data, but excludes RAB drilling data, over a 9 km(2) area covering the Bullabulling Trend. Barren pegmatite dykes were also excluded from the resource estimate with a total of 35 million tonnes of pegmatite material classified as waste, which accounts for about 4% of the total volume of the resource estimate.
The February estimate was compiled using a combination of Ordinary Kriging (OK) and Multiple Indicator Kriging (MIK) used to interpolate the resource estimate, after the data were unfolded, using Datamine and GSLIB software (post processing the MIK results). The ranges used to design the primary search ellipse dimensions used in the modelling were 75m along strike, 35m down dip and 10m across strike. The variography reconciles well with the orientations of mineralised shoots derived from the structural studies. The main differences between the August 2011 Resource Estimate and this estimate are:
-- The interpolation techniques have been constrained by interpreted 0.1 g/t Au mineralised wireframes to minimise smearing of low grade blocks into areas of known waste and reduction of higher grade blocks by low values in waste blocks.
-- The barren pegmatite dykes which cut the mineralisation were interpreted and modelled to deplete the mineralisation. This was not done for the August 2011 estimate, instead the tonnage was reduced by 7% based on the percentage of pegmatite dyke intercepted in the recent drilling.
The resource estimate was reviewed statistically by the Snowden Group and checked on plan and section. The statistical analysis and visual inspection confirms the block grades in the model reconcile well with grades in the drilling. A grade tonnage table was also created to check the distribution of gold at a variety of cut off grades by the Joint Venture (Table 3).
Table 3 Grade tonnage table for both Indicated and Inferred resources from the Bullabulling Trend (February 2012 resource estimate)
Tonnes (MT) Au g/t Ounces
Cut off Category Au
--------- ---------- ------------- -------- -----------
0.7 Ind+Inf 57 1.25 2,310,000
--------- ---------- ------------- -------- -----------
0.6 Ind+Inf 75 1.11 2,686,000
--------- ---------- ------------- -------- -----------
0.5 Ind+Inf 102 0.96 3,169,000
--------- ---------- ------------- -------- -----------
0.4 Ind+Inf 143 0.82 3,745,000
--------- ---------- ------------- -------- -----------
0.3 Ind+Inf 203 0.68 4,416,000
--------- ---------- ------------- -------- -----------
A final check was made by the Joint Venture comparing the estimate against historic production from the Bacchus pit. This was also done to review the effect of using mineralising constraints on block grades in an area not affected by later infill drilling. The subset of the August 2011 estimate, February 2012 estimate and historic mine production are summarised in Table 4. The reconciliation against the ore mined for the February 2012 model is excellent with 3.48 Mt at 1.58 g/t Au predicted by the estimate compared to 3.04 Mt at 1.59 g/t Au reported as mined. The difference in tonnes is largely due to the different block sizes used for mining compared to the resource estimate and the grades of both compare well. The grade differences between the August 2011 and February 2012 estimates (Table 4) confirms that the constraining wireframes have increased the grade by 0.2 g/t Au at a 0.7 g/t Au cut off or by 0.12 g/t Au at a 0.5 g/t Au cut off in the Bacchus pit area. The overall effect on the global estimate will have increased the grades of blocks within the wireframes and decreased the tonnes of low grade material in areas of known waste.
Table 4 Subsets from the February 2012 and August 2011 resource estimates compared to the historic mine production from the Bacchus pit
Tonnes (MT) Au g/t Ounces
Cut off Subset Au
--------- ------------------------ ------------- -------- ---------
0.7 Historic Mined 3.04 1.59 156,000
--------- ------------------------ ------------- -------- ---------
0.7 February 2012 Estimate 3.48 1.58 177,000
--------- ------------------------ ------------- -------- ---------
0.5 February 2012 Estimate 5.31 1.24 212,000
--------- ------------------------ ------------- -------- ---------
0.7 August 2011 Estimate 3.68 1.39 165,000
--------- ------------------------ ------------- -------- ---------
0.5 August 2011 Estimate 5.53 1.12 200,000
--------- ------------------------ ------------- -------- ---------
In summary the increase from 2.4 million ounces to 3.2 million ounces is the result of a combination of new zones of mineralisation intersected particularly north of the Phoenix Pit and an increase in block grades by using constraining mineralised wireframes, which has increased the block grades at all cut-offs. The new resource estimate supports the Scoping Study scenario of an operation with an initial Life of Mine production of 2.0 to 2.5 Moz gold over a ten year mine life with potential to expand the current resource in the future.
Exploration Potential
The resource estimate includes 1.0 million ounces of inferred resource, but excludes a similar quantity of mineralisation that Snowden have categorised as unclassified. Most of this is newly discovered mineralisation from the infill drilling programme and represents areas of near term potential for increasing the 2.1 million ounces of Indicated resource. An infill drilling programme is currently being planned to target these new zones of mineralisation so they can be included in future mine planning and optimisation studies.
The areas, especially to the south at Gryphon and Edwards, where RAB drilling has intersected significant mineralisation could still provide additional resources and exploration and infill drilling will continue in these areas.
The recent signing of the option agreement to acquire the Geko Gold project, together with Gibraltar and the remaining potential along the Bullabulling Trend provide the Joint Venture with confidence that the resources at the Bullabulling Gold project will continue to grow into the future.
Future work plan
The resource model will now be used as part of the current ongoing pre-feasibility study for mine planning and to develop detailed mine schedules. The resource will also be used to finalise processing rates and plan geotechnical studies. A 3 D model of the distribution of mineralised shoots will be created from the Resource Estimate model and integrated with the 3D geophysical models to help the targeting of high grade feeder systems beneath the current drilled zone of mineralisation.
Work is continuing as planned on the Bullabulling Project with the following work expected to be completed this calendar year:
-- Continue pre-feasibility study -- Finalise variability metallurgical test work -- Finalise engineering design -- Finalise mining studies -- Develop a life of mine schedule -- Optimisation and reserve estimation -- Completion of Pre-Feasibility Study -- Complete geophysical studies to target high grade deep exploration -- Review results from the high grade deeps exploration project -- Drilling of potential high grade targets.
Competent Person Statements
The information in this resource update that relates to the 2011 Mineral Resource estimate is based on information compiled by Richard Sulway. Richard Sulway is a member of the Australasian Institute of Mining and Metallurgy (MAusIMM) CP and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity to which he is undertaking to qualify as a competent person as defined in the 2004 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Richard Sulway is a full-time employee of Snowden Mining Industry Consultants Pty Ltd. Richard Sulway consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
The information in this resource update that relates to the Exploration results, the 1998 Mineral Resource estimate and data that was used to compile the 2010 and 2011 Mineral Resource estimates is based upon information compiled by Dr. Jeffrey Malaihollo who is a full-time employee of the Company and Fellow of The Australasian Institute of Mining and Metallurgy and a Fellow of the Geological Society of London. He is qualified as a Competent Person under the Code for the Reporting Mineral Exploration Results, Mineral Resources and Mineral Reserves, 2004 ("The Reporting Code") prepared by the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Jeff Malaihollo consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Glossary of Technical Terms
Assay Quantitative analysis of a substance to determine
the proportion of some valuable constituent
-------------------- -----------------------------------------------------
Au Gold
-------------------- -----------------------------------------------------
Cut off Limit
-------------------- -----------------------------------------------------
g/t Grams per tonne
-------------------- -----------------------------------------------------
JORC Joint Ore Reserves Committee
-------------------- -----------------------------------------------------
Indicated resource In situ Mineral Resource calculated with a
moderate confidence level to which economic
parameters have not been applied
-------------------- -----------------------------------------------------
Inferred resource In situ Mineral Resource calculated with a
low confidence level to which economic parameters
have not been applied
-------------------- -----------------------------------------------------
Km Kilometres
-------------------- -----------------------------------------------------
Laterites Soil types rich in iron and aluminium formed
in hot and wet tropical areas
-------------------- -----------------------------------------------------
M Metres
-------------------- -----------------------------------------------------
Measured resource In situ Mineral Resource calculated with a
high confidence level to which economic parameters
have not been applied
-------------------- -----------------------------------------------------
Multiple Indicator A version of indicator kriging working with
Kriging a family of indicators
-------------------- -----------------------------------------------------
Ordinary Kriged Geostatistical method to interpolate the value
method at an unobserved location from observations
of its value at nearby locations
-------------------- -----------------------------------------------------
Pegmatite A very coarse-grained, intrusive igneous rock
-------------------- -----------------------------------------------------
QAQC Quality Assurance / Quality Control
-------------------- -----------------------------------------------------
RAB Percussion (pneumatic) Rotary Air Blast drilling
-------------------- -----------------------------------------------------
RC Reverse Circulation drilling
-------------------- -----------------------------------------------------
RL Reduced Level
-------------------- -----------------------------------------------------
Variography The degree of spatial dependence
-------------------- -----------------------------------------------------
Bullabulling Gold Project - Final Resource Infill Drilling Results
Highlights
-- Completed Phase Two infill drilling programme results finalised. -- 107 drill holes totalling 16,631m completed in November and December 2011.# -- Total production for the Phase Two programme is 74,542m in 425 holes.
-- Development programme drilling totals 110,544m in 672 drill holes from commencement in late 2010.
-- Drilling results continue to reconcile well against the recent new resource model and include more new high grade intersections.
-- New higher grade intersections include: 8m at 5.7 g/t Au, 1m at 73.1 g/t Au, 17m at 3.4 g/t Au, 8m at 3.3 g/t Au, 1m at 27.7 g/t Au, 9m at 3.5 g/t Au, 1m at 19.3 g/t Au.
-- Data have been received from the recently competed seismic survey that enhances the prospectivity of high grade mineralisation at depth along the Bullabulling Trend.
-- These drill results have been incorporated into the resource update above
Resource drilling programme update
The Phase Two RC resource drilling programme, which commenced in mid-May 2011, has been completed and all assays have been returned. Three drill rigs were used during the Phase Two program, infilling the historic drilling between Phoenix and Hobbit to increase the confidence in the current resources and provide a new resource estimate.
Phase Two resource drilling programme results - to establish sufficient reserves for an initial ten year mine life
The key aim of the Phase Two resource drilling programme was to infill the historic drilling to a drill spacing that allows the Inferred resources in the August 2011 resource estimate to be reclassified to an Indicated resource category, and in turn enable initial JORC compliant reserves to be established for the project as part of the current pre-feasibility study.
Since the last announcement, where results were reported from 3 November to the completion of the programme on 18 December 2011, there has been a total of 16,631 metres drilled in 107 holes (Table 5). Total drilling for the Phase Two programme is now 74,542m in 425 holes and production since work started on the project by the JV is 110,544m from 672 holes. Work during the reporting period focussed on infill drilling of the areas between Hobbit and Bonecrusher.
The final assays from the infill drilling programme continued to confirm the resource estimate and geological model (Table 6). For the reporting period, only 6 holes of the 107 drilled did not intersect mineralisation and since the beginning of the infill drilling programme only 17 holes out of the 425 drilled have not intersected mineralisation. The final assays from the programme returned a number of significant wide high grade intersections, including:
12m at 1.97g/t Au from 58m in BJ0045,
8m at 5.73g/t Au from 44m in BJ0103,
34m at 0.66g/t Au from 138m in BJ0143,
14m at 1.94g/t Au from 44m in BJ0261,
4m at 5.34g/t Au from 125m in BJ0261,
8m at 3.35g/t Au from 5m in BJ0347,
14m at 2.41g/t Au from 21m in BJ0381,
26m at 0.83g/t Au from 62m in BJ0381,
19m at 1.31g/t Au from 123m in BJ0384,
16m at 1.44g/t Au from 96m in BJ0394,
3m at 7.50g/t Au from 42m in BJ0526,
1m at 27.70g/t Au from 180m in BJ0571,
16m at 1.27g/t Au from 43m in BJ0644,
28m at 1.03g/t Au from 113m in BJ0662,
47m at 0.74g/t Au from 76m in BJ0686,
13m at 1.87g/t Au from 39m in BJ0694,
13m at 2.22g/t Au from 190m in BJ0697,
29m at 0.87g/t Au from 179m in BJ0698,
25m at 0.98g/t Au from 28m in BJ0718,
29m at 0.95g/t Au from 60m in BJ0719,
19m at 1.46g/t Au from 128m in BJ0721,
41m at 0.90g/t Au from 26m in BJ0732,
26m at 0.81g/t Au from 149m in BJ0736,
9m at 2.15g/t Au from 29m in BJ0769,
34m at 1.12g/t Au from 94m in BJ0772,
1m at 19.30g/t Au from 100m in BJ0774,
31m at 0.75g/t Au from 36m in BJ0791,
17m at 3.37g/t Au from 182m in BJ1297,
16m at 1.75g/t Au from 63m in BJ1297,
32m at 0.66g/t Au from 144m in BJ1844,
9m at 3.52g/t Au from 113m in BJ1945,
1m at 73.10g/t Au from 18m in BJ1979,
14m at 1.54g/t Au from 35m in BJ1996,
18m at 1.60g/t Au from 146m in BJ2070,
17m at 1.15g/t Au from 42m in BJ2106,
17m at 1.27g/t Au from 144m in BJ2113,
25m at 1.06g/t Au from 153m in BJ2340,
12m at 2.12g/t Au from 179m in BJ2341,
8m at 2.44g/t Au from 37m in BJ2349,
19m at 1.16g/t Au from 72m in BJ2361 and
17m at 2.24g/t Au from 189m in BJ2414.
As in the previously announced holes, there are generally at least 4 intersections per drill hole relating to the multiple stacked lodes defined by the structural mapping. Approximately 63% of the intersections to date are better than estimated by the model, 30% are similar to the model and 7% are worse or missing as predicted by the new model developed by Snowden. High grade mineralisation continues to be intersected within the broad low grade halo with intersections such as providing additional encouragement for targeting high grade ore shoots within the Bullabulling Trend beneath the currently mineralised stratigraphy. Preliminary results from the magnetic and seismic surveys have located potential feeder zones to the low grade mineralisation in the near surface that may host more continuous higher grade mineralisation than intersected to date.
Contacts:
David McArthur David Brook
GGG Resources plc (Australia) Professional Public Relations
41 Stirling Highway (Australia Media)
Nedlands, WA, 6009
Australia Email: david.brook@ppr.com.au
Tel: +61 8 9423 3200 Tel: +61 8 9388 0944 / +61 433
112 936
------------------------------------------ ---------------------------------
Dr. Jeffrey Malaihollo Westhouse Securities Limited
Managing Director, GGG Resources (UK Nominated Adviser)
plc (UK) Tom Price / Martin Davison
Email: jeff.malaihollo@gggresources.com Tel: +44 20 7601 6100
Tel: +44 1992 531820
------------------------------------------ ---------------------------------
Neil Boom Collins Stewart Europe Limited
MD, Gresham PR Ltd (UK media) (Broker)
Tel: +44 7866 805 108 John Prior / Adam Miller
Email:neil.boom@greshampr.co.uk Tel: +44 20 7523 8350
------------------------------------------ ---------------------------------
Bullabulling Overview
The Bullabulling Gold project (Bullabulling) is a large tonnage, low grade deposit with high grade shoots, associated with the regional Bullabulling shear zone which extends over tens of kilometres. The mineralised structure is 500m wide, consisting of multiple west dipping low grade stacked zones with narrower higher grade gold mineralisation. Bullabulling is located near Coolgardie and approximately 65km south-west of Kalgoorlie, Western Australia. Bullabulling has been previously mined producing 371k oz Au in the 1990's. The current programme focuses on the 6km portion of the shear zone known as the Bullabulling Trend where previous operations were concentrated. The focus for the Bullabulling joint venture between GGG Resources plc and Auzex Resources Ltd is to establish an initial reserve exceeding one million ounces gold to commence production in 2015.
Competent Person Statements
The information in this drilling report that relates to the Exploration results, the 1998 Mineral Resource estimate and data that was used to compile the 2010 and 2011 Mineral Resource estimates is based upon information compiled by Dr. Jeffrey Malaihollo who is a full-time employee of the Company and Fellow of The Australasian Institute of Mining and Metallurgy and a Fellow of the Geological Society of London. He is qualified as a Competent Person under the Code for the Reporting Mineral Exploration Results, Mineral Resources and Mineral Reserves, 2004 ("The Reporting Code") prepared by the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Jeff Malaihollo consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Table 5: Collar data for RC drilling between 3 November 2011 and 18 December 2011.
Hole Easting Northing RL Dip AZ Date Length Comments BJ0044 299,675 6,566,929 430 -60 90 03/12/2011 181 Mineralised BJ0337 299,434 6,567,658 442 -60 90 16/12/2011 271 Mineralised BJ0379 300,004 6,568,236 452 -60 90 27/11/2011 139 Mineralised BJ0506 299,907 6,569,430 449 -60 90 22/11/2011 151 Mineralised BJ0507 299,828 6,569,423 448 -60 90 08/12/2011 121 Mineralised BJ0509 299,784 6,569,423 446 -60 90 09/12/2011 145 Mineralised BJ0524 299,976 6,569,502 450 -55 90 19/11/2011 199 Mineralised BJ0525 299,932 6,569,502 450 -55 90 20/11/2011 211 Mineralised BJ0526 299,890 6,569,502 448 -60 90 21/11/2011 97 Mineralised BJ0529 299,767 6,569,502 447 -60 90 10/12/2011 151 Mineralised BJ0542 300,102 6,569,647 446 -60 90 13/12/2011 139 Mineralised BJ0545 299,964 6,569,647 448 -66 90 14/12/2011 205 Mineralised BJ0559 300,085 6,569,798 444 -60 90 15/12/2011 162 Mineralised BJ0560 300,042 6,569,799 445 -60 90 17/12/2011 144 Mineralised BJ0564 300,081 6,569,730 447 -60 90 12/12/2011 145 Mineralised BJ0566 300,127 6,569,795 444 -60 90 13/12/2011 144 Mineralised BJ0607 300,018 6,570,098 437 -60 90 14/11/2011 103 Mineralised BJ0608 299,965 6,570,099 438 -60 90 15/11/2011 121 Mineralised BJ0609 299,923 6,570,099 438 -60 90 15/11/2011 130 Mineralised BJ0610 299,880 6,570,098 439 -60 90 16/11/2011 175 Mineralised BJ0611 299,839 6,570,097 438 -58 90 17/11/2011 181 Mineralised BJ0620 299,966 6,570,173 435 -70 90 18/11/2011 133 Mineralised BJ0621 299,906 6,570,172 438 -60 90 19/11/2011 151 Mineralised BJ0622 299,867 6,570,172 435 -60 90 20/11/2011 175 Mineralised BJ0643 299,886 6,570,322 439 -57 90 01/12/2011 156 Mineralised BJ0644 299,844 6,570,321 439 -57 90 15/12/2011 211 Mineralised BJ0664 299,700 6,570,396 437 -57 90 12/12/2011 211 Mineralised BJ0679 300,051 6,570,474 438 -60 90 13/12/2011 157 Not Mineralised BJ0689 299,702 6,570,471 435 -60 90 29/11/2011 205 Mineralised BJ0693 299,964 6,570,550 437 -68 90 30/11/2011 175 Mineralised BJ0698 299,736 6,570,549 437 -60 90 01/12/2011 247 Mineralised BJ0719 299,847 6,570,626 436 -50 90 17/12/2011 163 Mineralised BJ0721 299,781 6,570,625 437 -57 90 06/12/2011 241 Mineralised BJ0722 299,738 6,570,623 436 -60 90 08/12/2011 229 Mineralised BJ0732 299,891 6,570,700 431 -60 90 18/11/2011 169 Mineralised BJ0735 299,816 6,570,700 432 -63 90 01/12/2011 181 Mineralised BJ0736 299,768 6,570,699 436 -62 90 10/12/2011 229 Mineralised BJ0768 299,988 6,570,775 435 -60 90 29/11/2011 121 Mineralised BJ0769 299,948 6,570,773 432 -60 90 16/11/2011 139 Mineralised BJ0770 299,906 6,570,777 434 -60 90 11/12/2011 163 Mineralised BJ0772 299,821 6,570,787 435 -58 90 15/11/2011 175 Mineralised BJ0774 299,737 6,570,777 435 -60 90 13/11/2011 217 Mineralised BJ0809 299,741 6,570,852 435 -60 90 22/11/2011 223 Not Mineralised BJ0831 299,877 6,570,998 435 -60 90 12/11/2011 151 Mineralised BJ0834 299,970 6,570,998 430 -60 90 14/11/2011 103 Not Mineralised BJ0863 300,005 6,571,071 435 -76 90 13/11/2011 91 Mineralised BJ0877 299,871 6,571,149 434 -60 90 13/11/2011 169 Not Mineralised BJ1258 299,837 6,568,635 456 -60 90 06/11/2011 198 Mineralised BJ1259 299,794 6,568,635 456 -62 90 24/11/2011 229 Mineralised BJ1260 299,754 6,568,634 454 -60 90 26/11/2011 241 Mineralised BJ1455 299,745 6,568,482 452 -60 90 24/11/2011 259 Mineralised BJ1959 299,785 6,568,537 453 -60 90 05/11/2011 241 Mineralised BJ1973 299,706 6,565,653 424 -60 90 21/11/2011 120 Mineralised BJ1977 299,788 6,565,724 424 -60 90 19/11/2011 84 Mineralised BJ1979 299,702 6,565,725 424 -60 90 20/11/2011 108 Mineralised BJ1983 299,799 6,566,026 426 -60 90 10/11/2011 72 Not Mineralised BJ1985 299,715 6,566,022 426 -60 90 11/11/2011 102 Mineralised BJ1992 299,824 6,566,425 429 -60 90 22/11/2011 120 Mineralised BJ2001 299,907 6,566,626 431 -60 90 26/11/2011 78 Not Mineralised BJ2002 299,863 6,566,625 430 -60 90 26/11/2011 96 Mineralised BJ2124 300,033 6,570,548 438 -60 90 11/11/2011 127 Mineralised BJ2146 299,788 6,568,877 452 -60 90 28/11/2011 217 Mineralised BJ2163 299,491 6,566,999 432 -61 90 28/11/2011 241 Mineralised BJ2190 299,448 6,567,523 435 -63 90 26/11/2011 253 Mineralised BJ2199 299,691 6,566,627 429 -60 90 28/11/2011 192 Mineralised BJ2278 299,739 6,566,321 427 -60 90 03/11/2011 108 Mineralised BJ2279 299,696 6,566,325 427 -60 90 04/11/2011 132 Mineralised BJ2281 299,610 6,566,325 428 -60 170 11/12/2011 168 Mineralised BJ2305 299,795 6,565,800 425 -60 90 17/11/2011 78 Mineralised BJ2306 299,755 6,565,802 425 -60 90 18/11/2011 108 Mineralised BJ2307 299,710 6,565,804 425 -60 90 18/11/2011 126 Mineralised BJ2310 299,767 6,565,876 425 -60 90 15/11/2011 102 Mineralised BJ2311 299,733 6,565,875 425 -60 90 16/11/2011 108 Mineralised BJ2314 299,843 6,565,951 426 -60 90 15/11/2011 60 Mineralised BJ2315 299,799 6,565,951 426 -60 90 12/11/2011 84 Not Mineralised BJ2316 299,758 6,565,951 425 -60 90 13/11/2011 102 Mineralised BJ2317 299,715 6,565,950 425 -60 90 13/11/2011 120 Mineralised BJ2318 299,673 6,565,951 425 -60 90 14/11/2011 138 Mineralised BJ2322 299,758 6,566,101 426 -60 90 08/11/2011 108 Mineralised BJ2323 299,668 6,566,098 426 -60 90 09/11/2011 138 Mineralised BJ2326 299,720 6,566,173 428 -60 90 07/11/2011 90 Mineralised BJ2327 299,688 6,566,174 427 -60 90 04/12/2011 109 Mineralised BJ2331 299,592 6,566,275 428 -67 90 05/11/2011 192 Mineralised BJ2332 299,625 6,566,372 428 -60 90 25/11/2011 210 Mineralised BJ2339 299,681 6,566,707 429 -70 270 02/12/2011 253 Mineralised BJ2340 299,675 6,566,785 430 -70 270 04/12/2011 229 Mineralised BJ2342 299,584 6,566,425 428 -64 90 08/12/2011 205 Mineralised BJ2345 299,829 6,569,574 445 -60 90 07/11/2011 139 Mineralised BJ2346 299,872 6,569,574 448 -60 90 07/11/2011 121 Mineralised BJ2347 299,914 6,569,573 449 -60 90 11/11/2011 103 Mineralised BJ2348 299,829 6,569,598 446 -60 90 08/11/2011 139 Mineralised BJ2349 299,871 6,569,599 447 -60 90 08/11/2011 103 Mineralised BJ2350 299,829 6,569,622 446 -60 90 06/11/2011 139 Mineralised BJ2351 299,872 6,569,624 448 -60 90 06/11/2011 103 Mineralised BJ2352 299,802 6,569,648 445 -60 90 09/11/2011 163 Mineralised BJ2353 299,842 6,569,649 447 -60 90 09/11/2011 145 Mineralised BJ2354 299,884 6,569,648 449 -60 90 08/11/2011 121 Mineralised BJ2355 299,759 6,569,674 443 -60 90 08/11/2011 163 Mineralised BJ2356 299,801 6,569,675 446 -60 90 07/11/2011 139 Mineralised BJ2357 299,843 6,569,674 447 -60 90 06/11/2011 121 Mineralised BJ2358 299,802 6,569,700 446 -60 90 10/11/2011 139 Mineralised BJ2359 299,889 6,569,701 448 -60 90 11/11/2011 103 Mineralised BJ2360 299,759 6,569,725 443 -60 90 11/11/2011 163 Mineralised BJ2361 299,802 6,569,726 445 -60 90 09/11/2011 139 Mineralised BJ2362 299,844 6,569,724 444 -60 90 09/11/2011 121 Mineralised BJ2412 299,597 6,566,451 428 -80 270 07/12/2011 199 Mineralised BJ2414 299,602 6,566,304 428 -80 270 10/12/2011 222 Mineralised --------- --------- ----------- ----- ----- ----- ------------ -------- -----------------
Table 6: Intersection summary from drill assays received between 3 November 2011 and 18 December 2011.
Hole From To Width Au g/t Includes
BJ0044 119 126 7 1.10
1m @ 16.00 g/t
BJ0045 58 70 12 1.97 from 58m
BJ0078 142 161 19 0.72
1m @ 42.40 g/t
BJ0103 44 52 8 5.73 from 48m
4m @ 2.81 g/t from
BJ0103 25 41 16 1.03 34m
BJ0143 138 172 34 0.66
BJ0192 164 170 6 1.36
BJ0196 152 165 13 0.96
BJ0198 104 115 11 1.10
BJ0198 158 173 15 0.65
BJ0251 105 116 11 1.73
BJ0251 133 147 14 1.28
BJ0255 286 300 14 0.55
7m @ 3.12 g/t from
BJ0261 44 58 14 1.94 44m
1m @ 17.30 g/t
BJ0261 125 129 4 5.34 from 125m
BJ0261 75 79 4 2.15
BJ0261 100 103 3 2.42
BJ0273 152 166 14 0.51
5m @ 5.08 g/t from
BJ0347 5 13 8 3.35 5m
BJ0347 19 44 25 0.76
BJ0379 27 44 17 0.53
4m @ 6.00 g/t from
BJ0381 21 35 14 2.41 28m
BJ0381 62 88 26 0.83
BJ0381 154 162 8 1.54
BJ0381 96 111 15 0.70
BJ0381 126 132 6 1.51
BJ0384 123 142 19 1.31
BJ0384 68 92 24 0.56
BJ0384 161 173 12 0.95
BJ0384 178 185 7 1.19
BJ0393 36 38 2 4.52
2m @ 8.52 g/t from
BJ0394 96 112 16 1.44 101m
BJ0394 67 89 22 0.75
BJ0394 117 132 15 0.50
BJ0406 184 205 21 0.60
BJ0407 145 164 19 0.76
BJ0407 103 119 16 0.62
BJ0407 126 134 8 1.05
BJ0448 55 68 13 1.09
BJ0448 95 105 10 0.77
BJ0448 47 50 3 2.38
BJ0473 41 62 21 0.36
BJ0473 29 36 7 1.01
BJ0477 103 120 17 1.01
BJ0477 63 72 9 0.90
BJ0478 141 155 14 1.08
BJ0478 136 140 4 3.26
BJ0479 86 93 7 1.42
BJ0479 62 67 5 1.74
BJ0507 40 57 17 1.08
BJ0509 85 103 18 0.53
BJ0524 25 42 17 0.88
1m @ 21.60 g/t
BJ0526 42 45 3 7.50 from 42m
BJ0526 33 35 2 4.97
BJ0541 173 174 1 16.70
BJ0544 150 158 8 1.00
BJ0545 176 182 6 1.33
BJ0567 140 146 6 2.93
BJ0571 180 181 1 27.70
BJ0571 54 56 2 3.53
BJ0608 36 49 13 0.95
BJ0609 25 37 12 0.81
BJ0610 21 34 13 0.74
BJ0611 87 98 11 1.38
BJ0611 55 65 10 0.84
BJ0620 69 81 12 1.07
BJ0621 32 56 24 0.52
BJ0621 15 24 9 0.81
BJ0622 45 54 9 1.07
BJ0622 163 171 8 0.99
BJ0624 83 96 13 0.75
BJ0633 76 94 18 0.70
BJ0643 54 65 11 0.68
BJ0644 43 59 16 1.27
BJ0644 88 96 8 1.12
BJ0662 113 141 28 1.03
BJ0663 145 159 14 1.03
BJ0664 193 211 18 0.91
BJ0683 39 58 19 0.72
BJ0686 76 123 47 0.74
BJ0688 165 188 23 0.43
BJ0693 70 79 9 0.78
BJ0694 39 52 13 1.87
BJ0694 165 169 4 4.57
BJ0694 121 126 5 1.60
2m @ 11.96 g/t
BJ0697 190 203 13 2.22 from 194m
BJ0697 133 151 18 1.05
BJ0698 179 208 29 0.87
7m @ 1.87 g/t from
BJ0718 28 53 25 0.98 36m
BJ0718 104 119 15 0.87
BJ0718 79 85 6 1.43
BJ0719 60 89 29 0.95
BJ0719 114 117 3 3.37
BJ0719 146 157 11 0.91
BJ0720 91 113 22 0.75
3m @ 5.18 g/t from
BJ0721 128 147 19 1.46 135m
BJ0721 175 187 12 0.73
BJ0722 178 194 16 0.95
BJ0731 67 70 3 2.43
BJ0732 26 67 41 0.90
BJ0732 110 129 19 0.56
BJ0732 82 95 13 0.56
BJ0735 151 181 30 0.55
BJ0735 95 125 30 0.51
BJ0736 149 175 26 0.81
BJ0736 213 220 7 1.04
2m @ 8.38 g/t from
BJ0769 29 38 9 2.15 35m
BJ0769 134 138 4 1.89
BJ0770 37 57 20 0.89
BJ0770 96 103 7 2.00
BJ0770 70 90 20 0.56
5m @ 2.76 g/t from
BJ0772 94 128 34 1.12 116m
BJ0774 100 101 1 19.30
BJ0774 188 212 24 0.54
BJ0785 25 49 24 0.74
BJ0785 56 65 9 1.33
BJ0791 36 67 31 0.75
BJ0792 73 90 17 0.64
BJ0816 35 42 7 1.46
BJ0816 58 67 9 0.88
BJ0831 60 76 16 0.81
BJ1253 13 23 10 1.11
BJ1258 180 197 17 0.80
BJ1259 138 156 18 0.67
BJ1259 209 218 9 0.89
BJ1260 101 103 2 3.74
1m @ 48.80 g/t
BJ1297 182 199 17 3.37 from 182m
3m @ 7.46 g/t from
BJ1297 63 79 16 1.75 69m
BJ1297 127 138 11 1.08
BJ1353 192 209 17 0.58
BJ1353 101 105 4 2.09
BJ1844 144 176 32 0.66
BJ1844 189 193 4 2.72
BJ1844 211 224 13 0.69
1m @ 28.50 g/t
BJ1945 113 122 9 3.52 from 119m
BJ1959 185 193 8 1.97
BJ1973 47 53 6 1.46
BJ1979 18 19 1 73.10
BJ1993 44 54 10 0.73
BJ1996 35 49 14 1.54
BJ1996 126 138 12 1.17
BJ1996 115 121 6 1.88
BJ2012 28 42 14 0.50
BJ2031 150 171 21 0.65
BJ2031 46 67 21 0.54
BJ2031 73 77 4 1.82
BJ2047 156 163 7 1.78
BJ2053 157 161 4 2.68
BJ2053 88 98 10 0.78
BJ2065 206 218 12 0.61
2m @ 8.76 g/t from
BJ2070 146 164 18 1.60 146m
BJ2070 237 248 11 1.19
BJ2083 130 136 6 2.01
BJ2083 35 47 12 0.81
BJ2085 55 57 2 5.01
BJ2106 42 59 17 1.15
BJ2112 140 147 7 1.53
BJ2112 108 115 7 1.16
BJ2112 51 55 4 1.80
5m @ 2.54 g/t from
BJ2113 144 161 17 1.27 147m
BJ2146 120 128 8 1.52
BJ2163 189 204 15 0.82
BJ2163 165 177 12 0.64
BJ2163 227 241 14 0.55
BJ2188 179 199 20 0.52
BJ2188 209 220 11 0.85
BJ2190 210 233 23 0.51
BJ2190 240 243 3 3.53
BJ2199 145 161 16 0.92
BJ2301 45 57 12 0.83
BJ2301 130 143 13 0.61
BJ2326 53 68 15 0.58
BJ2338 76 78 2 3.99
BJ2339 188 202 14 1.19
BJ2340 153 178 25 1.06
3m @ 6.58 g/t from
BJ2341 179 191 12 2.12 181m
BJ2341 57 70 13 0.72
BJ2341 147 161 14 0.58
BJ2342 157 168 11 1.50
BJ2343 79 82 3 3.69
BJ2343 115 120 5 1.57
BJ2344 81 93 12 0.90
BJ2344 58 76 18 0.56
BJ2345 49 61 12 1.16
BJ2347 61 65 4 2.14
BJ2347 96 101 5 1.58
BJ2348 51 65 14 0.99
3m @ 5.44 g/t from
BJ2349 37 45 8 2.44 39m
BJ2349 50 58 8 1.49
BJ2350 62 74 12 0.95
BJ2352 67 81 14 0.59
BJ2353 54 66 12 0.60
BJ2355 131 136 5 1.50
BJ2355 146 149 3 2.36
BJ2356 116 126 10 1.17
BJ2356 134 138 4 2.66
4m @ 2.94 g/t from
BJ2357 70 76 6 2.11 72m
BJ2357 46 57 11 1.00
BJ2360 120 137 17 0.54
BJ2361 72 91 19 1.16
BJ2362 59 70 11 0.97
BJ2412 179 193 14 1.08
4m @ 6.48 g/t from
BJ2414 189 206 17 2.24 193m
--------- ------ ----- ------- -------- --------------------
This information is provided by RNS
The company news service from the London Stock Exchange
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