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KEFI Kefi Gold And Copper Plc

0.497
-0.012 (-2.36%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kefi Gold And Copper Plc LSE:KEFI London Ordinary Share GB00BD8GP619 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.012 -2.36% 0.497 0.50 0.528 0.502 0.50 0.502 8,494,151 16:35:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Metal Mining Services 0 -7.9M -0.0011 -4.55 35.87M

Kefi Gold and Copper PLC Drilling Programmes Confirm Potential of Hawiah

09/05/2024 7:00am

RNS Regulatory News


RNS Number : 6967N
Kefi Gold and Copper PLC
09 May 2024
 

9 May 2024

KEFI Gold and Copper plc

("KEFI" or the "Company")

Substantial Drilling Programmes Confirm Potential of Hawiah Copper-Gold Project

Hawiah remains on track to become a major base metal mine in Saudi Arabia

KEFI Gold and Copper Plc (AIM: KEFI), the gold and copper exploration and development company which has focused on the Arabian-Nubian Shield since 2008, is pleased to provide an operational update for the Hawiah Copper-Gold Project ("Hawiah") in the Company's minority-owned Gold & Minerals Ltd ("GMCO") joint venture.

Highlights

·    At Hawiah, over 50,000m of the 65,000m infill drilling programme is complete in preparation for updating the existing 29.0Mt Mineral Resource Estimate ("MRE") (see announcement on 9 January 2023), with results in-line with expectations as modelled.

·    Recent drilling highlights include:

o HWD_222 intersecting 8.6m (7.5m ETW) of massive sulphide averaging 0.8% copper, 0.4% zinc, 0.5 g/t gold and 8.1g/t silver from 970.2m; and

o HWD_246 intersecting 9.3m (8.4m ETW) of massive sulphide averaging 0.7% copper, 1.0% zinc, 0.6 g/t gold and 10.2 g/t silver from 872.7m.

·    These intercepts have extended the vertical depth of known mineralisation at Hawiah to 740m and increased the down-plunge extent of the Crossroads Extension Lode by a further 270m.

·    At the satellite Al Godeyer deposit, a second phase of drilling comprising 4,500m has recently commenced to infill and expand its maiden MRE reported in 2023 (see announcement dated 3 April 2023).

·    These two drilling programmes are on track to upgrade at least 90% of the >30 million tonne combined MRE to the Indicated Resource category, forming the basis for Ore Reserves.

·    Earlier-stage exploration is also ongoing at other potential Hawiah satellite deposits, including at the recently announced Abu Salal discovery.

·    Hawiah's status as the third largest base-metal development project in the now burgeoning Saudi Arabian minerals sector has been reaffirmed by this highly successful exploration programme.

Harry Anagnostaras-Adams, KEFI's Executive Chairman commented:

 

"Exploration near our Hawiah copper-gold-zinc-silver deposit has quickly yielded validating results and unveiled two additional discoveries. The 65,000m Hawiah infill and expansion drilling programme is now more than 75% complete, with excellent confirmatory results.  GMCO is also focused on upgrading and expanding the Al Godeyer resource (12km west of Hawiah) through diamond drilling.

 

"The enlarged MRE of +30Mt copper-gold-zinc is scheduled to be issued in late 2024 based on the current infill and extensional drilling programme.

 

"Exploration also addresses additional targets within the Wadi Bidah Minerals District. Whilst GMCO discovered the Hawiah VMS deposit in 2019 and the nearby Al Godeyer VMS deposit in 2022, recent drilling based on geological modelling and interpretation has now discovered a similar VMS copper-gold-zinc-silver system at Abu Salal located around 50km south of Hawiah.

 

"The recent Abu Salal discovery has confirmed that the large Hawiah deposit itself is only the first in a cluster of deposits as often occurs with this style of mineralisation and has confirmed proof of concept in our understanding of regional geology and genesis of this style of VMS deposits.

 

"Similar VMS signatures can be witnessed elsewhere on our portfolio of assets, where we would accordingly expect further discoveries to be made. GMCO has a portfolio of 15 exploration licences in Saudi Arabia.

 

"Saudi Arabia is indeed fast-tracking its exploration and mining sector with GMCO at the forefront. We expect significant progress over the coming weeks and months, which will reinforce the value being created through GMCO's aggressive and technically leading-edge exploration programme."

 

Drilling Continues to Extend GMCO's First Discovery at Hawiah

Since initial grant of the Hawiah Exploration Licence ("EL"), GMCO has completed more than 105,000m of drilling. The ongoing 65,000m infill and expansion drilling programme continues with three diamond rigs onsite and c.52,000m of this programme completed to the end of March 2024.

 

The first stage of this programme was designed to further test the depth limits of the Crossroads Extension area of the Hawiah orebody. This has been highly successful with notable intercepts including:

 

-     HWD_222 intersecting 8.6m (7.5m ETW) of massive sulphide averaging 0.8% copper, 0.4% zinc, 0.5 g/t gold and 8.1g/t silver from 970.2m; and

-     HWD_246 intersecting 9.3m (8.4m ETW) of massive sulphide averaging 0.7% copper, 1.0% zinc, 0.6 g/t gold and 10.2 g/t silver from 872.7m.

 

The above intercepts have extended the vertical depth of known mineralisation at Hawiah to 740m and increased the down-plunge extent of the Crossroads Extension Lode by a further 270m (see Figure 5 in the appendix).

 

Overall, the Hawiah infill drilling has been returning results in line with expectations and confirmed the 2022 MRE result. This has provided further confidence in the geological model ahead of the next MRE update which is scheduled for Q4 2024.

 

Highlights from the infill drilling at Camp lode include:

 

-     HWD_268 intersecting 33.09m (18.87m ETW) of massive sulphide averaging 1.3% copper, 0.1% zinc, 0.4g/t gold and 4.8g/t silver from 353.41m; and

-     HWD_340 intersecting 22.35m (13.36m ETW) of massive sulphide averaging 1.0% copper, 1.5% zinc, 0.6g/t gold and 49.6g/t silver from 572.4m.

 

A key aim of this infill drilling programmes is to convert the majority of the 30 million tonne Hawiah (including its satellite deposit Al Godeyer) to the Indicated Resource category as well as to expand the MRE in several areas. In conjunction with the various development studies being undertaken, this is expected to enable the estimation of substantial Ore Reserves.

 

Upgrading Al Godeyer Maiden Mineral Resource Estimate

Located only 12km west of the proposed Hawiah processing plant site (see Figures 1 and 2 in Appendix), Al Godeyer is a satellite deposit to the main Hawiah orebody. GMCO exploration activities began in 2022 with the maiden MRE announced in April 2023 of 1.35 million tonnes ("Mt") at 1.4g/t gold, 0.6% copper, 0.54% zinc, and 6.6g/t silver.

 

Al Godeyer offers an excellent opportunity to provide additional near-surface ore to the proposed regional processing centre at Hawiah. Recent exploration focus has been aimed at increasing the current 1.35Mt Inferred Resource to a c.2Mt Indicated Resource, which would allow the Al Godeyer deposit to be incorporated into mine designs and Ore Reserves, as part of the planned Hawiah Definitive Feasibility Study ("DFS").

 

The first phase of the Al Godeyer infill drilling programme was completed in August 2023. This short eight-hole programme was designed to confirm mineralisation in unclassified portions of the potential open-pit environment ahead of the main infill drilling programme. The first programme was a success with all holes intercepting the mineralised zone in-line with modelling (see Figures 3 and 4 in Appendix). Highlights from the first phase include:

 

-     AGD_024: 7.0m (6.1m estimated true width ("ETW") at 1.8g/t gold, 1.0% copper, 0.1% zinc and 4.1g/t silver from 123.0m; and

-     AGD_018: 3.1m (2.3m ETW) at 1.1g/t gold, 0.6% copper, 3.3% zinc and 15.5g/t silver from 114m.

 

The next 4,500m of infill drilling, designed to close the drill spacing to the anticipated Indicated Resource classification requirement, is now underway and expected to complete in mid-June 2024.

 

Exploration elsewhere within the Al Godeyer and Al Godeyer East ELs is still at an early stage and a focus during 2024 is to explore southeast of the main Al Godeyer gossan where it continues at surface as narrow, discontinuous gossanous outcrops. The first stage of this will be a deeper penetrating geophysical survey to help delineate sub-surface targets, which will cover major portions of the two licences.

 

Advancing Hawiah Towards Development

 

Hawiah already ranks as the third largest base-metal project in the emerging Saudi Arabian minerals sector.

 

Triggering of the Hawiah DFS is scheduled to occur following the availability of the updated MRE in late 2024.

 

Hawiah is a larger development project than the Jibal Qutman discovery and entails underground and open-pit mining, coupled with technically more advanced processes to treat the polymetallic orebody comprising copper, gold, zinc and silver. Additional metallurgical testwork studies are ongoing to assess and optimise various processing and mining options.

 

Hawiah's status has recently been further highlighted by the granting of EL's, contiguous to GMCO's within the Wadi Bidah, to the Saudi Government-controlled company ("Ma'aden") and its local exploration joint venture with Ivanhoe Electric, which has announced that the Wadi Bidah is one of the top 4 priority targets for their proprietary deep-probing geophysical survey technology (the 'Typhoon' electromagnetic 'EM' method).

 

KEFI's GMCO joint venture partner ARTAR has agreed to fund the ongoing programme at present to ensure swift progress continues in Saudi Arabia whilst KEFI triggers project launch in Ethiopia at the high-grade Tulu Kapi Gold Project. This much-appreciated support from ARTAR reflects the strong partnership relationship and the combined priority given to production start-up in both countries.

 

Competent Person Statement

The information in this announcement that relates to exploration results and Mineral Resources is based on information compiled by Mr Tomos Bryan, Exploration Manager for Gold & Minerals Limited. Mr Bryan is a member of the Australasian Institute of Mining and Metallurgy ("AusIMM"). Mr Bryan is a geologist with sufficient relevant experience for Company reporting to qualify as a Competent Person as defined in the JORC Code 2012. Mr Bryan consents to the inclusion in this announcement of the non-financial matters based on this information in the form and context in which it appears.

KEFI confirms that it is not aware of any new information or data that materially affects the information in the above releases and that all material assumptions and technical parameters, underpinning the estimates continue to apply and have not materially changed.

 

Market Abuse Regulation (MAR) Disclosure

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

 

Enquiries

KEFI Gold and Copper plc

 

Harry Anagnostaras-Adams (Managing Director)

+357 99457843

John Leach (Finance Director)

+357 99208130



SP Angel Corporate Finance LLP (Nominated Adviser)

+44 (0) 20 3470 0470

Jeff Keating, Adam Cowl




Tavira Financial Limited (Lead Broker)

+44 (0) 20 7100 5100

Oliver Stansfield, Jonathan Evans


 


IFC Advisory Ltd (Financial PR and IR)

+44 (0) 20 3934 6630

Tim Metcalfe, Florence Chandler




3PPB LLC International (Institutional IR)


Patrick Chidley

+1 (917) 991 7701

Paul Durham

+1 (203) 940 2538



 

Appendix 1 - Diagrams

A map of the desert Description automatically generated

Figure 1 - Location map of GMCO ELs near Hawiah.

Figure 2 - Plan showing Al-Godeyer and Hawiah gossans in relation to ELs.

 

 

Figure 3 - Map of Al Godeyer geology and the collar locations of the Phase 1 infill drilling.

 

Figure 4 - Long section of the Al Godeyer VMS horizon showing the open pit shell and the Mineral Resource classifications based on the 2023 MRE.

 

A diagram of a water flow Description automatically generated with medium confidence

Figure  5  - Long section showing the Hawiah deposit coloured by the 2022 Mineral Resource Classifications.  All  drilling to date shown with orebody pierce points shown in red.  Several recent highlight holes are presented for illustrative purposes.


Appendix 2 - Relevant Collar and Assay information for Al Godeyer

Hole ID

Total Depth

Easting

Northing

From (m)

To (m)

Downhole Interval (m)

Estimated true width (m)

Cu %

Zn %

Au g/t

Ag g/t

Lode / area

Mineralisation style

AGDD_017

202.50

729840

2333875

151.90

159.00

7.10

5.96

0.60

0.52

1.01

6.57

Qamr Lode

Fresh

174.00

177.10

3.71

2.95

1.34

1.77

0.73

14.81

AGDD_018

146.50

729838

2333839

114.00

117.10

3.10

2.30

0.58

3.29

1.12

15.53

Qamr Lode

Fresh

AGDD_019

140.50

729958

2333828

92.38

95.40

3.02

2.00

0.62

0.42

0.75

6.96

Qamr Lode

Fresh

AGDD_020

78.00

729959

2333789

35.54

38.50

2.96

2.86

0.56

0.16

0.65

7.83

Qamr Lode

Transition

42.00

47.80

5.80

5.60

0.21

0.21

0.36

2.54

AGDD_021

173.50

730046

2333829

97.90

100.00

2.10

1.41

0.68

0.16

0.77

5.81

Qamr Lode

Fresh

117.41

118.33

0.92

0.81

1.41

0.25

1.33

12.80

AGDD_022

104.50

730092

2333785

86.00

88.12

2.12

1.50

0.12

0.06

0.17

0.98

Qamr Lode

Fresh

AGDD_023

139.00

729359

2334279

103.63

107.00

3.37

2.84

0.76

0.22

0.26

2.06

Shams Lode

Fresh

AGDD_024

152.50

729279

2334365

123.00

130.00

7.00

6.11

1.03

0.11

1.78

4.11

Shams Lode

Fresh

Table 1 - Al Godeyer Phase 1 infill Diamond Drilling information

 

Appendix 3 - Relevant Collar and Assay information for Hawiah Infill and expansion programme

 

HOLE ID

Hole type

GRID

easting

northing

elevation

azimuth

dip

final depth

HWD_209

DD

UTM84-37N

740862.4

2341957

1288.429

90

-60

323.1

HWD_210

DD

UTM84-37N

740545

2341489

1288

90

-60

851.5

HWD_211

DD

UTM84-37N

741094.1

2338611

1292.637

90

-60

191.2

HWD_212

DD

UTM84-37N

741146.2

2338559

1292.719

90

60

101

HWD_213

DD

UTM84-37N

741016.2

2338670

1289.971

90

60

302.5

HWD_214B

DD

UTM84-37N

741036.8

2338587

1291.62

90

60

281.5

HWD_215

DD

UTM84-37N

741137.1

2338503

1295.292

90

60

107.5

HWD_216

DD

UTM84-37N

741150.7

2338670

1289.71

90

60

125.5

HWD_217

DD

UTM84-37N

740916.9

2338500

1292.558

90

60

417.8

HWD_218

DD

UTM84-37N

741083.9

2338740

1287.337

90

60

230.5

HWD_219

DD

UTM84-37N

740940.4

2338253

1299.567

90

60

366.1

HWD_220

DD

UTM84-37N

741237.1

2339044

1289.686

90

55

65.5

HWD_221

DD

UTM84-37N

741235.8

2339100

1291.024

90

55

68.5

HWD_222

DD

UTM84-37N

740470.5

2341646

1288.009

94

63

1000.1

HWD_223

DD

UTM84-37N

741184.6

2339078

1289.694

90

60

155.5

HWD_224

DD

UTM84-37N

740925.4

2337939

1301.581

98

60

266.5

HWD_225

DD

UTM84-37N

740659.5

2337847

1299.405

100

60

620.5

HWD_226

DD

UTM84-37N

741099.4

2338874

1289.896

90

60

215.5

HWD_227

DD

UTM84-37N

741072

2338936

1287.555

90

60

242.5

HWD_228

DD

UTM84-37N

740535.2

2337598

1295.371

100

60

100.8

HWD_228B

DD

UTM84-37N

740537.5

2337586

1295.467

98

60

668.2

HWD_229

DD

UTM84-37N

740983.4

2341250

1280.722

90

60

221.5

HWD_230

DD

UTM84-37N

741184

2339627

1295.081

90

60

122.5

HWD_231

DD

UTM84-37N

741000.6

2341203

1280.768

90

60

206.5

HWD_232

DD

UTM84-37N

741140.2

2339689

1292.429

90

60

188.5

HWD_233

DD

UTM84-37N

741003.8

2341076

1283.513

90

60

225.6

HWD_234

DD

UTM84-37N

741184.8

2339687

1293.418

90

60

125.5

HWD_235

DD

UTM84-37N

741139.6

2339818

1285.18

90

60

182.5

HWD_236

DD

UTM84-37N

740481.7

2337834

1306

100

60

806.5

HWD_237

DD

UTM84-37N

740973.6

2341000

1291.264

90

60

299.5

HWD_238

DD

UTM84-37N

741051.2

2341077

1283.495

90

60

165.7

HWD_239

DD

UTM84-37N

741185.7

2339820

1285.523

90

60

115.6

HWD_240

DD

UTM84-37N

741044.7

2341144

1281.027

90

60

165.7

HWD_241

DD

UTM84-37N

740979.8

2340938

1291.936

90

60

298

HWD_242

DD

UTM84-37N

741184.4

2339890

1284.444

90

60

120.5

HWD_243

DD

UTM84-37N

741032

2340941

1287.359

90

60

215.5

HWD_244

DD

UTM84-37N

741178.5

2340030

1286.43

90

60

123.5

HWD_245

DD

UTM84-37N

740975.6

2341343

1280.71

90

60

206.5

HWD_246

DD

UTM84-37N

740549

2341290

1283

90

62

896.5

HWD_247

DD

UTM84-37N

741130.8

2340091

1289.676

90

60

203.5

HWD_248

DD

UTM84-37N

740846.6

2341883

1284

90

60

390.6

HWD_249

DD

UTM84-37N

740976.5

2341294

1280

90

60

227.2

HWD_250

DD

UTM84-37N

741105.2

2340427

1294.146

90

60

183.5

HWD_251

DD

UTM84-37N

740713

2338003

1305

100

60

575.4

HWD_252

DD

UTM84-37N

741157.9

2340360

1292

90

60

110.5

HWD_253

DD

UTM84-37N

741040.2

2341206

1280.528

90

60

158.5

HWD_254

DD

UTM84-37N

741097.1

2340565

1289

90

60

168.4

HWD_255

DD

UTM84-37N

741068.7

2341195

1280.328

90

55

92.5

HWD_256

DD

UTM84-37N

740937.6

2341878

1289.866

90

60

139.9

HWD_257

DD

UTM84-37N

740820.3

2341280

1282.324

90

60

539.5

HWD_258

DD

UTM84-37N

741081.9

2340695

1290.071

90

60

155.5

HWD_259

DD

UTM84-37N

740529.1

2341855

1284.548

91

60

797.5

HWD_260

DD

UTM84-37N

741095.1

2340820

1293.961

90

60

135.5

HWD_261

DD

UTM84-37N

740542.7

2341734

1284.283

90

60

788.5

HWD_262

DD

UTM84-37N

740647

2337904

1302.981

100

60

647.3

HWD_263

DD

UTM84-37N

741075

2340941

1286.926

90

60

134.5

HWD_264B

DD

UTM84-37N

740823

2337953

1301.817

100

60

430.6

HWD_265

DD

UTM84-37N

741120

2339079

1288.537

90

60

218.5

HWD_266

DD

UTM84-37N

740650.3

2341178

1283.83

90

60

809.5

HWD_267

DD

UTM84-37N

741124.9

2339004

1286.874

90

60

210.5

HWD_268

DD

UTM84-37N

740868.3

2338048

1304.49

100

60

401.3

HWD_269

DD

UTM84-37N

740634.8

2337619

1299.132

100

60

560.1

HWD_270

DD

UTM84-37N

740775

2337885

1299.336

100

60

450.6

HWD_271

DD

UTM84-37N

740765.6

2338071

1306.833

100

60

533.5

HWD_272

DD

UTM84-37N

740741

2342140

1285.098

90

60

380.5

HWD_273

DD

UTM84-37N

740727

2341589

1281.83

90

60

608.5

HWD_274

DD

UTM84-37N

740811.7

2338118

1305.275

90

60

492.7

HWD_275

DD

UTM84-37N

740550.1

2337751

1304.761

100

60

730

HWD_276

DD

UTM84-37N

740781.8

2341559

1281.602

90

60

533.5

HWD_277

DD

UTM84-37N

740710.7

2342454

1289.433

90

60

323.5

HWD_278

DD

UTM84-37N

740775.6

2342627

1293.156

90

60

207.5

HWD_279

DD

UTM84-37N

740820.1

2342720

1296.435

90

60

113.5

HWD_280

DD

UTM84-37N

740765

2341696

1281.782

90

60

500.5

HWD_281

DD

UTM84-37N

740780.2

2338292

1297.806

90

60

546.9

HWD_282

DD

UTM84-37N

740740.5

2341959

1283.09

90

60

449.5

HWD_283

DD

UTM84-37N

740770

2342052

1284.977

90

60

383.5

HWD_284

DD

UTM84-37N

740633.9

2341762

1282.446

90

60

689.5

HWD_285

DD

UTM84-37N

740889.1

2338333

1296.052

90

60

460

HWD_286B

DD

UTM84-37N

740661.4

2341936

1282.543

90

60

557.9

HWD_287

DD

UTM84-37N

741065.6

2338800

1286.808

90

60

254.5

HWD_288

DD

UTM84-37N

741011.2

2338810

1289.564

90

60

320.5

HWD_289

DD

UTM84-37N

741116.6

2338931

1287.011

90

60

206.5

HWD_290

DD

UTM84-37N

740878.9

2338223

1302.853

90

60

407.7

HWD_291

DD

UTM84-37N

741200.4

2338935

1286.206

90

60

119.5

HWD_292B

DD

UTM84-37N

740711

2338185

1300.444

90

62

641.5

HWD_293B

DD

UTM84-37N

740736.6

2341820

1282

90

60

600.7

HWD_294

DD

UTM84-37N

740579.7

2341954

1282.828

90

60

729.4

HWD_295

DD

UTM84-37N

740628.4

2338034

1309.447

100

60

782.5

HWD_296

DD

UTM84-37N

740625.2

2342050

1283.148

90

61.5

641.5

HWD_297

DD

UTM84-37N

740723.9

2338094

1304.829

90

60

666.2

HWD_298

DD

UTM84-37N

740680.4

2341722

1282.349

90

60

655

HWD_299

DD

UTM84-37N

740791.8

2338237

1296.904

90

60

641.5

HWD_300

DD

UTM84-37N

740637.3

2342302

1284.982

90

60

464.5

HWD_301

DD

UTM84-37N

740963.6

2338672

1289.181

90

60

365.5

HWD_302

DD

UTM84-37N

740704.8

2342385

1289.593

90

60

365.5

HWD_303

DD

UTM84-37N

740793.9

2341467

1282.1

90

60

584.4

HWD_304

DD

UTM84-37N

741010

2338934

1289.462

90

60

350.5

HWD_305

DD

UTM84-37N

740890.6

2338380

1293.654

90

60

464.5

HWD_306

DD

UTM84-37N

740650.9

2341545

1283.182

87

60

749.5

HWD_307B

DD

UTM84-37N

741238.7

2339208

1290.196

90

55

68.5

HWD_308

DD

UTM84-37N

741233.4

2339395

1297.249

90

55

60

HWD_309

DD

UTM84-37N

740742.3

2341895

1282.871

90

60

503.5

HWD_310

DD

UTM84-37N

741238

2339310

1294.441

90

60

62.5

HWD_311B

DD

UTM84-37N

740850.3

2338194

1301.15

90

60

458.5

HWD_312

DD

UTM84-37N

741226.2

2339510

1299.553

90

55

68.5

HWD_313

DD

UTM84-37N

741222.6

2339599

1297.769

90

55

68.5

HWD_314

DD

UTM84-37N

741220.7

2339697

1293.77

90

55

68.3

HWD_315

DD

UTM84-37N

741220.6

2339793

1287.58

90

55

64.5

HWD_316

DD

UTM84-37N

741216.6

2339897

1284.189

90

55

68.5

HWD_317B

DD

UTM84-37N

741212.3

2339953

1284.553

90

55

68.5

HWD_318

DD

UTM84-37N

741208.4

2339997

1285.822

90

55

70.5

HWD_319

DD

UTM84-37N

740791.2

2341396

1281.868

90

60

593.5

HWD_320

DD

UTM84-37N

741167.7

2340501

1289.502

90

55

71.14

HWD_321B

DD

UTM84-37N

740721.6

2342097

1284.224

90

60

444.5

HWD_322

DD

UTM84-37N

741166.3

2340545

1288.153

90

55

65.5

HWD_323

DD

UTM84-37N

741163

2340602

1286.144

90

55

60.7

HWD_324

DD

UTM84-37N

741152.4

2340707

1289.053

90

55

63.62

HWD_325

DD

UTM84-37N

740903.9

2338286

1301.138

90

60

416.5

HWD_326

DD

UTM84-37N

740722.5

2341978

1283.197

90

60

484.5

HWD_327

DD

UTM84-37N

740826.6

2342074

1287.141

90

60

304.6

HWD_328C

DD

UTM84-37N

740660.7

2337941

1303

100

56

695.8

HWD_329

DD

UTM84-37N

740789.3

2341909

1285.763

90

60

444.7

HWD_330

DD

UTM84-37N

740877.2

2342074

1289.236

90

60

209.5

HWD_331

DD

UTM84-37N

740721.1

2342214

1285

90

60

389.5

HWD_332

DD

UTM84-37N

740614

2341885

1282

90

60

656.5

HWD_333

DD

UTM84-37N

740710.4

2342312

1284

90

60

358.5

HWD_334

DD

UTM84-37N

740736

2341812

1282

93

57

543.5

HWD_335

DD

UTM84-37N

740756

2342277

1287

93

59

317.5

HWD_336

DD

UTM84-37N

740837

2341526

1281

93

57

495.6

HWD_337

DD

UTM84-37N

740743

2337863

1299

103

56

514.9

HWD_338

DD

UTM84-37N

740828

2341757

1286

91

56

455.5

HWD_339

DD

UTM84-37N

740846.7

2341371

1282

93

57

496.6

HWD_340

DD

UTM84-37N

740643.4

2337664

1300

103

57

610.6

HWD_341

DD

UTM84-37N

740742.1

2341717

1282

92

57

547.7

HWD_342B

DD

UTM84-37N

740775.5

2341301

1282

92

56

620.5

HWD_343

DD

UTM84-37N

740611.4

2337780

1302

102

57

666.6

HWD_344

DD

UTM84-37N

740758.4

2341543

1282

92

56

605.5

HWD_345

DD

UTM84-37N

740774.8

2338134

1303

101

57

595.5

 

Received Assay results for first stage of the Infill and Expansion drilling programme.

Hole ID

Total Depth

From (m)

To (m)

Downhole Interval (m)

Estimated true width (m)

Cu %

Zn %

Au g/t

Ag g/t

Lode / area

Mineralisation style

HWD_220

65.50

42.50

48.19

5.69

3.10

1.25

0.57

0.04

7.24

Camp Lode

Transition

HWD_221

68.50

49.40

53.18

3.78

2.33

0.99

0.10

0.09

3.52

Camp Lode

Transition

HWD_211

191.20

160.11

173.20

13.09

8.59

0.68

1.85

0.99

17.89

Camp Lode

Fresh

HWD_212

101.00

75.50

85.17

9.67

8.66

0.97

0.76

0.40

5.80

Camp Lode

Fresh

HWD_213

302.50

270.12

281.18

11.06

8.69

0.83

0.63

0.42

8.94

Camp Lode

Fresh

HWD_214B

281.50

258.40

262.00

3.60

2.73

1.48

2.03

0.52

14.28

Camp Lode

Fresh

HWD_215

107.50

72.97

84.74

11.77

10.15

0.87

0.33

0.47

5.86

Camp Lode

Fresh

HWD_216

125.50

103.00

108.40

5.40

4.42

0.50

1.97

0.80

13.98

Camp Lode

Fresh

HWD_217

417.80

394.79

402.33

7.54

5.96

1.03

0.41

0.24

6.11

Camp Lode

Fresh

HWD_218

230.50

208.90

212.46

3.56

2.90

0.60

0.47

0.20

6.83

Camp Lode

Fresh

HWD_219

366.10

341.72

351.36

9.64

6.68

0.64

1.21

1.01

16.81

Camp Lode

Fresh

HWD_223

155.50

135.07

140.00

4.93

3.64

1.26

0.53

0.32

7.68

Camp Lode

Fresh

HWD_224

266.50

247.93

251.14

3.21

2.03

0.49

0.99

0.78

12.58

Camp Lode

Fresh

HWD_225

620.50

590.70

602.70

12.00

9.50

0.98

0.45

0.19

3.63

Camp Lode

Fresh

HWD_226

215.50

191.94

196.60

4.66

4.43

0.98

0.63

0.23

6.44

Camp Lode

Fresh

HWD_227

242.50

223.00

227.88

4.88

4.31

0.81

0.2

0.17

4.08

Camp Lode

Fresh

HWD_228B

668.20

646.24

652.12

5.88

4.50

1.47

1.71

0.9

13.63

Camp Lode

Fresh

HWD_236

806.50

784.45

794.55

10.10

8.94

1.07

1.28

0.5

10.09

Camp Lode

Fresh

HWD_251

575.40

553.08

560.00

6.92

5.58

1.25

1.09

0.49

9.16

Camp Lode

Fresh

HWD_262

647.50

619.75

630.37

10.62

8.90

1.22

0.74

0.42

7.03

Camp Lode

Fresh

HWD_264B

430.60

401.50

405.21

3.71

2.66

0.58

0.02

0.06

1.48

Camp Lode

Fresh

HWD_265

218.50

201.11

202.87

1.76

1.70

1.41

0.9

0.46

6.49

Camp Lode

Fresh

HWD_267

210.50

192.90

194.98

1.54

1.39

0.88

0.43

0.32

5.2

Camp Lode

Fresh

HWD_268

401.30

353.41

386.50

33.09

18.87

1.32

0.11

0.36

4.74

Camp Lode

Fresh

HWD_269

520.50

521.57

522.63

1.06

0.93

0.79

1.46

0.66

9.88

Camp Lode

Fresh

HWD_270

450.60

428.80

432.69

3.89

2.66

1.08

1.58

0.7

8.33

Camp Lode

Fresh

HWD_271

533.50

513.06

518.71

5.65

4.25

1.72

1.1

0.57

14.59

Camp Lode

Fresh

HWD_274

493.20

473.84

476.77

2.93

1.91

1.36

0.85

0.53

0.53

Camp Lode

Fresh

HWD_275

730.00

701.80

714.43

12.63

11.60

0.88

0.25

0.22

3.55

Camp Lode

Fresh

HWD_281

546.90

523.91

529.97

6.06

4.93

0.91

0.33

0.24

6.74

Camp Lode

Fresh

HWD_285

460.00

438.57

445.52

6.95

4.66

1.54

0.89

0.52

10.41

Camp Lode

Fresh

HWD_287

254.50

232.55

237.50

4.95

2.93

0.8

0.2

0.12

3.27

Camp Lode

Fresh

HWD_288

320.50

301.38

304.43

3.05

2.52

2.1

0.11

0.18

6.24

Camp Lode

Fresh

HWD_289

206.50

174.75

175.50

0.75

0.68

0.13

0

0.1

1.8

Camp Lode

Fresh

HWD_290

407.50

386.53

393.93

7.40

6.16

0.4

1.74

1.49

21.07

Camp Lode

Fresh

HWD_291

119.50

91.50

98.29

6.79

5.37

1.04

0.51

0.32

6.57

Camp Lode

Fresh

HWD_292B

641.50

622.29

625.39

3.10

2.49

0.72

1.8

0.43

10.3

Camp Lode

Fresh

HWD_297

666.20

647.60

651.45

3.85

2.43

1.75

0.43

0.33

10.99

Camp Lode

Fresh

HWD_301

365.50

341.78

350.30

8.52

6.15

1.67

0.31

0.25

10.68

Camp Lode

Fresh

HWD_305

463.50

446.74

447.28

0.54

0.54

1.29

0.32

0.49

18.00

Camp Lode

Fresh

HWD_325

416.50

390.62

401.05

10.43

6.39

1.25

1.63

0.70

0.50

Camp Lode

Fresh

HWD_328C

695.80

661.20

674.60

13.40

11.77

0.77

0.16

0.16

4.85

Camp Lode

Fresh

HWD_337

514.90

483.93

499.70

15.77

10.69

1.76

0.23

0.33

2.89

Camp Lode

Fresh

HWD_340

610.60

572.40

594.95

22.35

13.36

1.03

1.46

0.57

9.62

Camp Lode

Fresh

HWD_210

850.50

822.06

829.22

7.16

5.63

0.65

0.61

0.72

10.01

Crossroads Ext

Fresh

HWD_222

1000.00

970.25

978.87

8.62

7.50

0.79

0.38

0.48

8.14

Crossroads Ext

Fresh

HWD_246

896.50

872.68

882.02

9.34

8.40

0.74

0.96

0.57

10.16

Crossroads Ext

Fresh

HWD_248

390.50

365.97

370.41

4.44

3.25

0.67

1.55

0.40

12.88

Crossroads Ext

Fresh

HWD_256

139.90

116.53

124.70

8.17

4.83

0.50

1.25

0.52

13.97

Crossroads Ext

Fresh

HWD_257

539.50

506.90

521.07

14.17

11.03

0.66

1.24

0.70

10.89

Crossroads Ext

Fresh

HWD_259

797.50

779.74

783.87

4.13

3.26

0.69

0.39

0.33

4.55

Crossroads Ext

Fresh

HWD_261

788.50

760.81

766.13

5.32

4.05

1.12

0.16

0.12

2.60

Crossroads Ext

Fresh

HWD_266

809.50

777.63

788.90

11.27

9.31

0.67

0.64

0.59

10.64

Crossroads Ext

Fresh

HWD_272

380.50

349.00

361.84

12.84

10.10

0.83

0.43

0.59

7.91

Crossroads Ext

Fresh

HWD_273

608.50

587.57

594.47

6.90

6.20

0.37

0.48

0.64

11.09

Crossroads Ext

Fresh

HWD_276

533.50

516.15

518.02

1.87

1.59

0.19

2.21

0.70

17.73

Crossroads Ext

Fresh

HWD_277

323.50

305.81

308.10

2.29

1.84

1.45

0.23

0.41

10.32

Crossroads Ext

Fresh

HWD_278

207.50

190.31

192.03

1.72

1.22

1.75

0.48

0.48

13.93

Crossroads Ext

Fresh

HWD_279

113.50

92.40

94.43

2.03

1.11

1.76

0.20

0.65

12.79

Crossroads Ext

Fresh

HWD_280

500.50

479.50

484.40

4.90

4.30

0.38

0.89

0.77

11.41

Crossroads Ext

Fresh

HWD_282

449.50

427.03

435.00

7.97

7.41

0.64

0.67

0.58

7.93

Crossroads Ext

Fresh

HWD_283

383.50

262.38

271.84

9.46

7.97

0.62

0.73

0.53

7.94

Crossroads Ext

Fresh

HWD_284

689.50

659.00

665.52

6.52

4.74

0.45

0.55

0.32

5.96

Crossroads Ext

Fresh

HWD_286B

557.90

532.35

541.16

8.81

8.08

0.61

0.62

0.51

8.42

Crossroads Ext

Fresh

HWD_293B

629.50

573.68

584.30

10.62

5.05

0.54

0.38

0.32

5.30

Crossroads Ext

Fresh

HWD_294

600.70

603.71

613.44

9.73

7.51

0.66

0.15

0.44

5.84

Crossroads Ext

Fresh

HWD_298

655.00

629.89

636.60

6.71

5.11

0.78

0.52

0.82

15.39

Crossroads Ext

Fresh

HWD_300

464.50

447.05

449.04

1.99

1.60

1.57

0.32

0.29

9.42

Crossroads Ext

Fresh

HWD_302

365.50

344.95

350.11

5.16

3.03

0.63

0.17

0.19

6.03

Crossroads Ext

Fresh

HWD_303

584.40

565.39

569.52

4.13

2.63

0.34

2.33

0.84

15.07

Crossroads Ext

Fresh

HWD_306

749.50

725.30

733.90

8.60

6.48

0.52

0.89

0.63

6.72

Crossroads Ext

Fresh

HWD_321B

444.50

419.49

428.55

9.06

6.37

0.67

0.48

0.54

7.55

Crossroads Ext

Fresh

HWD_326

484.50

463.34

468.88

5.54

4.68

0.87

0.89

0.74

10.57

Crossroads Ext

Fresh

HWD_327

304.60

280.19

288.66

8.47

5.66

0.47

1.38

0.63

11.51

Crossroads Ext

Fresh

HWD_329

444.70

422.24

429.33

7.09

6.43

0.46

1.15

0.44

1.45

Crossroads Ext

Fresh

HWD_330

209.50

187.20

193.27

6.07

3.16

0.51

1.23

1.07

19.24

Crossroads Ext

Fresh

HWD_331

389.50

365.20

374.00

8.80

6.53

0.58

0.35

0.47

6.12

Crossroads Ext

Fresh

HWD_332

656.50

633.32

640.60

7.28

4.31

0.88

0.26

0.30

5.68

Crossroads Ext

Fresh

HWD_333

358.50

336.37

343.09

6.72

4.60

0.95

0.62

0.52

9.66

Crossroads Ext

Fresh

HWD_334

543.50

519.70

528.15

8.45

4.62

0.73

0.46

0.66

11.38

Crossroads Ext

Fresh

HWD_335

317.50

291.08

302.42

11.34

8.38

0.63

0.60

0.64

6.68

Crossroads Ext

Fresh

HWD_336

495.60

452.00

458.30

6.30

3.99

0.30

1.53

0.70

17.38

Crossroads Ext

Fresh

HWD_336

495.60

471.80

476.82

5.02

3.18

0.11

3.17

0.82

14.75

Crossroads Ext

Fresh

HWD_339

496.60

470.06

480.80

10.74

6.99

0.81

1.18

0.30

11.35

Crossroads Ext

Fresh

HWD_341

547.70

524.38

531.87

7.49

6.16

0.53

0.88

0.57

9.02

Crossroads Ext

Fresh

HWD_338

455.50

-

-

-

-

-

-

-

-

Crossroads Ext

No Mineralisation

HWD_229

221.50

192.48

205.81

13.33

9.32

0.47

1.46

0.67

8.97

Crossroads Lode

Fresh

HWD_231

206.50

180.33

189.85

9.52

7.44

0.55

1.95

0.72

11.90

Crossroads Lode

Fresh

HWD_233

225.60

202.45

210.16

7.71

5.86

1.01

1.48

0.71

11.58

Crossroads Lode

Fresh

HWD_237

299.50

278.00

284.36

6.36

4.50

1.34

0.93

0.67

11.84

Crossroads Lode

Fresh

HWD_238

165.70

145.30

150.10

4.80

3.30

1.26

1.58

0.75

16.51

Crossroads Lode

Fresh

HWD_240

165.70

138.28

150.88

12.60

8.60

0.56

1.12

0.70

11.32

Crossroads Lode

Fresh

HWD_241

298.00

270.55

274.22

3.67

2.50

1.13

0.32

0.42

10.35

Crossroads Lode

Fresh

HWD_243

215.50

194.50

197.00

2.62

1.70

1.59

1.60

0.72

14.85

Crossroads Lode

Fresh

HWD_245

206.00

177.35

188.71

11.36

8.00

0.76

1.21

0.55

10.40

Crossroads Lode

Fresh

HWD_249

227.20

197.90

208.00

10.48

7.00

0.56

1.61

0.73

12.01

Crossroads Lode

Fresh

HWD_253

158.50

134.78

145.00

9.75

6.00

0.66

1.47

0.78

13.09

Crossroads Lode

Fresh

HWD_255

92.50

65.00

73.68

8.68

5.39

0.35

1.32

0.62

9.12

Crossroads Lode

Fresh

HWD_263

134.50

114.08

118.55

4.47

3.34

0.69

1.52

0.60

10.52

Crossroads Lode

Fresh

HWD_307B

68.50

42.90

51.93

9.03

6.32

0.97

0.34

0.27

6.66

Central Zone

Transition

HWD_308

60.00

42.70

45.60

2.90

2.51

2.49

0.09

1.16

19.89

Central Zone

Transition

HWD_310

62.50

41.55

47.90

6.35

5.20

2.14

0.54

0.74

14.55

Central Zone

Transition

HWD_312

68.50

52.00

53.40

1.40

0.70

1.10

0.04

0.01

0.50

Central Zone

Transition

HWD_313

68.50

34.04

41.50

7.46

5.44

0.02

0.03

2.92

17.89

Central Zone

Transition

HWD_314

68.30

35.50

38.10

2.60

1.89

0.01

0.01

2.34

49.65

Central Zone

Transition

HWD_315

64.50

31.72

35.18

3.46

1.76

0.88

0.04

0.89

23.04

Central Zone

Transition

HWD_316

68.50

36.87

43.80

6.93

3.26

1.31

0.49

1.26

19.85

Central Zone

Transition

HWD_317B

68.50

40.78

44.10

3.32

2.74

0.77

0.15

1.42

19.99

Central Zone

Transition

HWD_318

70.50

45.50

48.20

2.70

1.90

1.04

1.90

1.43

33.59

Central Zone

Transition

HWD_320

71.00

50.80

52.90

2.10

1.49

1.17

0.30

2.18

42.54

Central Zone

Transition

HWD_322

65.50

43.16

45.15

1.99

1.69

2.74

0.11

2.05

41.69

Central Zone

Transition

HWD_230

122.50

103.98

106.70

2.72

1.71

0.62

2.67

0.74

10.76

Central Zone

Fresh

HWD_232

187.50

168.63

172.52

3.89

2.48

0.88

2.05

0.57

1.92

Central Zone

Fresh

HWD_234

125.50

101.11

104.65

3.54

2.25

0.54

2.73

0.55

14.31

Central Zone

Fresh

HWD_235

182.50

164.93

166.24

1.31

0.90

1.70

0.18

0.29

5.38

Central Zone

Fresh

HWD_239

115.50

91.70

94.58

2.88

1.70

0.41

1.52

1.32

16.85

Central Zone

Fresh

HWD_242

120.50

89.46

92.02

2.56

1.70

0.30

4.26

0.42

20.57

Central Zone

Fresh

HWD_244

123.50

105.46

106.00

0.30

0.25

0.81

0.13

0.50

6.50

Central Zone

Fresh

HWD_247

193.50

150.40

150.75

0.35

0.30

0.08

1.04

0.82

7.40

Central Zone

Fresh

HWD_250

183.50

159.97

161.00

0.77

0.50

0.59

0.98

0.62

10.38

Central Zone

Fresh

HWD_252

110.50

98.95

99.40

0.45

0.30

0.22

1.84

2.01

20.40

Central Zone

Fresh

HWD_254

168.40

139.14

140.09

0.95

0.68

1.57

3.12

0.42

24.30

Central Zone

Fresh

HWD_258

155.50

138.60

139.69

1.09

0.81

0.39

4.45

1.13

11.01

Central Zone

Fresh

HWD_260

135.50

118.70

119.98

1.28

0.89

0.66

2.77

0.43

12.15

Central Zone

Fresh

 

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