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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Thor Energy Plc | LSE:THR | London | Ordinary Share | GB00BRJ52319 | ORD GBP0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.90 | 0.80 | 1.00 | 0.90 | 0.90 | 0.90 | 503,351 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc Nonmtl Minrls, Ex Fuels | 0 | -520k | -0.0019 | -4.74 | 2.51M |
TIDMTHR
RNS Number : 2549O
Thor Mining PLC
07 October 2021
7 October 2021
THOR MINING PLC
New Gold Assays Define Drill Ready Targets
Ragged Range Project, WA
The directors of Thor Mining Plc ("Thor") (AIM, ASX: THR, OTCQB: THORF) are pleased to announce the latest soil results from the Company's 100% owned Ragged Range Project, located in Eastern Pilbara, Western Australia.
Project highlights:
-- Gold in-soil anomalies define eight high quality drill-ready targets.
-- High gold in soil values, including 348ppb Au (21RRS0777) and 153ppb Au (21RRS437), identified in both the central and southern areas of the Sterling Prospect . This is well above background (5ppb).
-- Gold panned 100m down slope of sample 21RRS377 reporting 74.1g/t Au 21RRST016, in pan concentrate.
-- Gold in soil anomalies extend materially, along strike at both the Sterling Central and Sterling South areas, with zones over 1.2km in length and remain open to the north and south.
-- 3,000m maiden reverse circulation ("RC") drilling program scheduled to commence in early October, designed to test these high gold soil and stream anomalies.
-- Thor Mining awarded A$160,000 from the Western Australia Government under the Government EIS Co-funded grants program, to drill test stream and soil gold anomalies at Sterling Prospect.
-- Infill soils and geochemical data analyses continuing, with field mapping and regional soil and stream sampling programs to run concurrent with the scheduled RC drilling program over priority targets within the anomalous 13km gold corridor at the Sterling Prospect.
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
"The latest results from our surface geochemistry have defined eight new robust drill- ready targets at Sterling Prospect, Ragged Range.
These results confirm our geological model of shear hosted gold associated with the mafic-ultramafic contact.
The Directors believe that Ragged Range has significant exploration potential, with all the right ingredients to host significant gold deposits and we look forward to commencing our maiden RC Drilling program at the Sterling Prospect next week."
A copy of the Tenement and Prospect Location Plan may be viewed via the following link:
http://www.thormining.com/sites/thormining/media/maps/20-004-1B-Ragged-Range-Location.jpg
The Ragged Range Project, located in the prospective Eastern Pilbara Craton, Western Australia is 100% owned by Thor Mining - (E46/1190, E46/1262, E46/1355, E46/1340) with the recent additional tenure surrounding the gold anomalous zones, E46/1393 (application).
Sterling Prospect
Thor completed a further 369 infill soil samples in July over two portions of the Sterling Prospect, Sterling Central and Sterling South (Figure 2), as a follow-up to a reconnaissance soil program (THR:ASX announcement 23/06/21) and high-grade gold stream results (up to 2.2g/t Au) reported from sampling in 2019 and 2020 (THR:ASX announcement 1/12/2020).
https://www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210623-ragged-range-exploration-update.pdf
The infill soil samples were collected at a 25m x 100m spacing over priority areas with anomalous gold results from the initial reconnaissance program. At each site and consistent with the previous soil program, two samples were collected at each site, and both sieved to -2mm. The first sample of approximately 2kg was crushed at the Intertek lab in Perth and a sub-split assayed for Au by an aqua regia method AR25 and multi-element assaying by four-acid digest with MS25 finish. The second sample 1kg Bulk Leach Extractable Gold (BLEG) sample was assayed by method CN1000 for gold only.
Soil and Pan Concentrate Results
The infill soil results returned BLEG soil values up to 348ppb and 153ppb Au (21RRS777 and 21RRS437 respectively), with over 61 samples reporting significantly above a background of approximately 5ppb Au. Five stream sediment samples were collected using a <2mm sieve and panned to check gold anomalism. Samples 21RRST016 (74.1g/t Au) and 21RRST017 (0.35g/t Au) were panned approximately 100m down slope, in a small creek from soil sample 21RRS777. Gold was observed in both samples. Two creeks (21RRST018 and 21RRST019) were sampled, draining the major contact to the south of the Sterling South soil grid. No gold was observed in the pan. One sample was also collected from a high BLEG (111ppb Au) sample from previous stream sediment sampling. One speck of gold was panned with the sample 21RRST020 reporting 3.58g/t Au.
Soil results over Sterling Central prospect may be viewed by the following link:
http://www.thormining.com/sites/thormining/media/maps/21-007-2-Ragged-Range-stirlingcentralsoil.jpg
Soil results over Sterling South prospect may be viewed by the following link:
http://www.thormining.com/sites/thormining/media/maps/21-007-1-Ragged-Range-sterlingsouthsoil.jpg
Only thin residual soils overlie the Euro Basalt extending westward over the ultramafic Dalton Suite, faulted contact and the tenor and consistency of the BLEG results is considered outstanding.
Significant soil results are summarised in Table A.
Pan concentrate samples are found in Table B.
These latest soil results, combined with the initial soil program earlier in the year, have now identified several continuous anomalous gold zones each warranting drill testing, with some zones extending over 1km long at both the Sterling Central and Sterling South areas. Soil anomalies remain open to the north and south, with follow up infill sampling planned to investigate these areas further.
The gold anomalism generally strikes slightly oblique to the Euro Basalt and Dalton Suite contact and suggests that gold mineralisation is controlled by minor faults and structures, associated with this major structure.
Gold mineralisation appears to be associated with highly foliated basalts with quartz boudinage (quartz-fuchsite veins) and zones of carbonate alteration
Photo Plates showing Quartz boudinage within foliated basalt, and Quartz-fuchsite-iron veins may be viewed by the following link:
http://www.thormining.com/sites/thormining/media/maps/ragged-range-photo-plate_Oct21.jpg
Next Steps
A 3,000m maiden RC drilling program is scheduled to commence in early October to drill test up to eight of the priority gold in soil and stream anomalous targets identified at Sterling Central and Sterling South prospects. The drilling is fully permitted with the drilling contractor about to mobilise.
Thor Mining was awarded A$160,000 from the Western Australia Government under the EIS Co-funded grants program to drill test gold anomalies at the Sterling Prospect.
Concurrent with the drilling program, infill soil sampling covering anomalous zones open at Sterling Central and Sterling South will be completed. In addition, regional gold targets, including to the northwest and southeast of Sterling prospect, the granitoid contact in the north, plus the copper-gold area in the northeast (Kelly/Ryan Prospects), will be followed up with reconnaissance stream and soil geochemistry programs. Government and Company geophysics are being used in conjunction with the geochemical data, to assist with structural and lithological targeting.
Proposed infill soil survey lines may be viewed via the following link:
www.thormining.com/sites/thormining/media/maps/ragged-range--plannedsoilsjpg.jpg
Tenement and Prospective Follow up can be viewed with the following link:
www.thormining.com/sites/thormining/media/maps/ragged-range---prospect-location-map.jpg
- Ends -
For further information on the Company, please visit www.thormining.com or contact the following:
Thor Mining PLC Nicole Galloway Warland, Managing Director Tel: +61 (8) 7324 1935 Ray Ridge, CFO / Company Secretary Tel: +61 (8) 7324 1935 WH Ireland Limited (Nominated Adviser Tel: +44 (0) 207 220 1666 and Joint Broker) Jessica Cave / Darshan Patel/Megan Liddell Jasper Berry (Corporate Broking) SI Capital Limited (Joint Broker) Tel: +44 (0) 1483 413 500 Nick Emerson Yellow Jersey (Financial PR) thor@yellowjerseypr.com Sarah Hollins / Henry Wilkinson Tel: +44 (0) 20 3004 9512
Competent Persons Report
The information in this report that relates to exploration results is based on information compiled by Nicole Galloway Warland, who holds a BSc Applied geology (HONS) and who is a Member of The Australian Institute of Geoscientists. Ms Galloway Warland is an employee of Thor Mining PLC. She has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which she is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Nicole Galloway Warland consents to the inclusion in the report of the matters based on her information in the form and context in which it appears.
Updates on the Company's activities are regularly posted on Thor's website www.thormining.com , which includes a facility to register to receive these updates by email, and on the Company's twitter page @ThorMining .
About Thor Mining PLC
Thor Mining PLC (AIM, ASX: THR; OTCQB: THORF) is a diversified resource company quoted on the AIM Market of the London Stock Exchange, ASX in Australia and OTCQB Market in the United States.
The Company is advancing its diversified portfolio of precious, base, energy and strategic metal projects across USA and Australia. Its focus is on progressing its copper, gold, uranium and vanadium projects, while seeking investment/JV opportunities to develop its tungsten assets.
Thor owns 100% of the Ragged Range Project, comprising 92 km(2) of exploration licences with highly encouraging early stage gold and nickel results in the Pilbara region of Western Australia, for which drilling is planned in the second half of 2021.
At Alford East in South Australia, Thor is earning an 80% interest in copper deposits considered amenable to extraction via In Situ Recovery techniques (ISR). In January 2021, Thor announced an Inferred Mineral Resource Estimate of 177,000 tonnes contained copper & 71,000 oz gold(1).
Thor also holds a 30% interest in Australian copper development company EnviroCopper Limited, which in turn holds rights to earn up to a 75% interest in the mineral rights and claims over the resource on the portion of the historic Kapunda copper mine and the Alford West copper project, both situated in South Australia, and both considered amenable to recovery by way of ISR.(2)(3)
Thor holds 100% interest in two private companies with mineral claims in the US states of Colorado and Utah with historical high-grade uranium and vanadium drilling and production results.
Thor holds 100% of the advanced Molyhil tungsten project, including measured, indicated and inferred resources , in the Northern Territory of Australia, which was awarded Major Project Status by the Northern Territory government in July 2020.
Adjacent to Molyhil, at Bonya, Thor holds a 40% interest in deposits of tungsten, copper, and vanadium, including Inferred resource estimates for the Bonya copper deposit, and the White Violet and Samarkand tungsten deposits.
Thor holds 100% of the Pilot Mountain tungsten project in Nevada, USA which is subject to a sale option agreement.(6)
Notes
(1) www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210127-maiden-copper.gold-estimate-alford-east-sa.pdf
(2) www.thormining.com/sites/thormining/media/pdf/asx-announcements/20172018/20180222-clarification-kapunda-copper-resource-estimate.pdf
(3) www.thormining.com/sites/thormining/media/aim-report/20190815-initial-copper-resource-estimate---moonta-project---rns---london-stock-exchange.pdf
(4) www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210408-molyhil-mineral-resource-estimate-updated.pdf
(5) www.thormining.com/sites/thormining/media/pdf/asx-announcements/20200129-mineral-resource-estimates---bonya-tungsten--copper.pdf www.thormining.com/sites/thormining/media/pdf/asx-announcements/20210901-pilot-mountain-project-us1.8m-sale-option.pdf
Table A: Significant Soil Samples (Above 6ppb) - MGA94 Zone 50 (GDA)
Sample ID Easting Northing Au ppb (AR25) Au ppb (BLEG) 21RRS401 779650 7587300 45 43.75 --------- ---------- --------------- --------------- 21RRS402 779700 7587300 6 6.2 --------- ---------- --------------- --------------- 21RRS425 780000 7587100 7 6.87 --------- ---------- --------------- --------------- 21RRS433 780275 7587100 136 153.2 --------- ---------- --------------- --------------- 21RRS435 780325 7587100 10 6.42 --------- ---------- --------------- --------------- 21RRS453 780300 7586700 8 6.53 --------- ---------- --------------- --------------- 21RRS454 780325 7586700 6 9.3 --------- ---------- --------------- --------------- 21RRS455 780350 7586700 3 11.26 --------- ---------- --------------- --------------- 21RRS473 780950 7586700 9 1.72 --------- ---------- --------------- --------------- 21RRS475 781000 7586700 7 5.08 --------- ---------- --------------- --------------- 21RRS476 781025 7586700 10 6.72 --------- ---------- --------------- --------------- 21RRS478 781075 7586700 6 5.47 --------- ---------- --------------- --------------- 21RRS481 781150 7586700 6 2.1 --------- ---------- --------------- --------------- 21RRS492 780400 7586550 17 3.31 --------- ---------- --------------- --------------- 21RRS499 780750 7586550 13 8.89 --------- ---------- --------------- --------------- 21RRS501 780825 7586550 7 3.92 --------- ---------- --------------- --------------- 21RRS502 780850 7586550 3 10.94 --------- ---------- --------------- --------------- 21RRS505 780925 7586550 3 11.76 --------- ---------- --------------- --------------- 21RRS509 781025 7586550 6 4.48 --------- ---------- --------------- --------------- 21RRS510 781050 7586550 7 5.51 --------- ---------- --------------- --------------- 21RRS512 781100 7586550 6 5.7 --------- ---------- --------------- --------------- 21RRS517 780200 7586350 4 7.91 --------- ---------- --------------- --------------- 21RRS528 780175 7586150 6 3.07 --------- ---------- --------------- --------------- 21RRS538 780150 7586000 6 2.47 --------- ---------- --------------- --------------- 21RRS543 780275 7586000 6 4.74 --------- ---------- --------------- --------------- 21RRS544 780300 7586000 7 4.15 --------- ---------- --------------- --------------- 21RRS560 780350 7585800 6 5.47 --------- ---------- --------------- --------------- 21RRS595 782775 7583400 21 0.35 --------- ---------- --------------- --------------- 21RRS600 782375 7583200 8 6.45 --------- ---------- --------------- --------------- 21RRS609 782600 7583200 5 59.14 --------- ---------- --------------- --------------- 21RRS614 782700 7583200 6 5.36 --------- ---------- --------------- --------------- 21RRS623 782500 7583000 21 16.9 --------- ---------- --------------- --------------- 21RRS624 782525 7583000 6 20.28 --------- ---------- --------------- --------------- 21RRS626 782575 7583000 9 7.41 --------- ---------- --------------- --------------- 21RRS632 782500 7582800 45 4.13 --------- ---------- --------------- --------------- 21RRS643 782875 7582800 6 1.08 --------- ---------- --------------- --------------- 21RRS644 782900 7582800 23 87.08 --------- ---------- --------------- --------------- 21RRS646 783000 7582800 6 0.47 --------- ---------- --------------- --------------- 21RRS650 782650 7582600 6 5.08 --------- ---------- --------------- --------------- 21RRS651 782700 7582600 6 2.59 --------- ---------- --------------- --------------- 21RRS655 782800 7582600 11 3.7 --------- ---------- --------------- --------------- 21RRS656 782825 7582600 6 4.89 --------- ---------- --------------- --------------- 21RRS657 782850 7582600 4 11.83 --------- ---------- --------------- --------------- 21RRS679 782725 7582400 10 4.74 --------- ---------- --------------- --------------- 21RRS709 782825 7582000 6 3.94 --------- ---------- --------------- --------------- 21RRS710 782850 7582000 7 2.23 --------- ---------- --------------- --------------- 21RRS714 782950 7582000 8 6.1 --------- ---------- --------------- --------------- 21RRS717 783025 7582000 8 1.92 --------- ---------- --------------- --------------- 21RRS720 783100 7582000 3 6.36 --------- ---------- --------------- --------------- 21RRS725 782800 7581800 6 4.63 --------- ---------- --------------- --------------- 21RRS726 782825 7581800 6 5.93 --------- ---------- --------------- --------------- 21RRS736 783050 7581800 6 5.05 --------- ---------- --------------- --------------- 21RRS747 780900 7586350 3 16.58 --------- ---------- --------------- --------------- 21RRS758 780850 7586150 6 5.41 --------- ---------- --------------- --------------- 21RRS764 781000 7586150 8 6.68 --------- ---------- --------------- --------------- 21RRS775 782350 7583300 17 18.12 --------- ---------- --------------- --------------- 21RRS777 782400 7583300 39 347.53 --------- ---------- --------------- ---------------
Table B: Pan Concentrate Results - MGA94 Zone 50 (GDA)
Sample ID Easting Northing Au ppm (FA001) Gold specks observed 21RRST016 782528 7583239 74.1 3 --------- ---------- ---------------- ---------------------- 21RRST017 782535 7583250 0.35 2 --------- ---------- ---------------- ---------------------- 21RRST018 783852 7581029 0.04 0 --------- ---------- ---------------- ---------------------- 21RRST019 783835 7581065 <0.01 0 --------- ---------- ---------------- ---------------------- 21RRST020 783758 7582481 3.58 1 --------- ---------- ---------------- ---------------------- 1 JORC Code, 2012 Edition - Table 1 report template
Section 1 Sampling Techniques and Data
Criteria JORC Code explanation Commentary Sampling The programme comprised techniques * Nature and quality of sampling (eg cut channels, soil sampling collecting random chips, or specific specialised industry a -2mm fraction for standard measurement tools appropriate to the geochemical analysis minerals under investigation, such as down hole gamma for Au by 1kg BLEG sondes, or handheld XRF instruments, etc). These and Au by aqua regia examples should not be taken as limiting the broad AR25 (after crushing meaning of sampling. and pulverising) and multi-element MS25 analysis. One orientation * Include reference to measures taken to ensure sample line of -80 mesh sieved representivity and the appropriate calibration of any samples was also collected measurement tools or systems used. and assayed by AR25. Fifteen BLEG stream sediment samples were * Aspects of the determination of mineralisation that also collected and are Material to the Public Report. assayed for Au by the 1kg BLEG method Five pan concentrates * In cases where 'industry standard' work has been done were collected from this would be relatively simple (eg 'reverse panned -2mm sieved circulation drilling was used to obtain 1 m samples stream sediment samples. from which 3 kg was pulverised to produce a 30 g Pan concentrates were charge for fire assay'). In other cases more assay for gold using explanation may be required, such as where there is fire assay FA001 coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. -------------------------------------------------------------- ----------------------------- Drilling Not applicable techniques * Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). -------------------------------------------------------------- ----------------------------- Drill sample Not applicable recovery * Method of recording and assessing core and chip sample recoveries and results assessed. * Measures taken to maximise sample recovery and ensure representative nature of the samples. * Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. -------------------------------------------------------------- ----------------------------- Logging No logging was undertaken * Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. * Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. * The total length and percentage of the relevant intersections logged. -------------------------------------------------------------- ----------------------------- Sub- sampling Samples were screened techniques * If core, whether cut or sawn and whether quarter, in the field as described half or all core taken. in "Sampling Techniques" above. The sample sizes are * If non-core, whether riffled, tube sampled, rotary as per industry standard split, etc and whether sampled wet or dry. for stream * For all sample types, the nature, quality and -------------------------------------------------------------- ----------------------------- Criteria JORC Code explanation Commentary and sample appropriateness of the sample preparation sediment geochemistry. preparation technique. Field duplicates * Quality control procedures adopted for all and blank samples sub-sampling stages to maximise representivity of were submitted for samples. assay with the other samples. * Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. * Whether sample sizes are appropriate to the grain size of the material being sampled. -------------------------------------------------------------- ------------------------------- Quality of The proposed assay assay data * The nature, quality and appropriateness of the method is appropriate and laboratory assaying and laboratory procedures used and whether for preliminary exploration. tests the technique is considered partial or total. * 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, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. -------------------------------------------------------------- ------------------------------- Verification Not undertaken of sampling * The verification of significant intersections by and assaying either independent or alternative company personnel. * The use of twinned holes. * Documentation of primary data, data entry procedures, data verification, data storage (physical and
electronic) protocols. * Discuss any adjustment to assay data. -------------------------------------------------------------- ------------------------------- Location Hand held GPS - MGA94 of data points * Accuracy and quality of surveys used to locate drill zone 50 (GDA) holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. * Specification of the grid system used. * Quality and adequacy of topographic control. -------------------------------------------------------------- ------------------------------- Data spacing Not applicable - and distribution * Data spacing for reporting of Exploration Results. no resource is being reported * Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. * Whether sample compositing has been applied. -------------------------------------------------------------- ------------------------------- Orientation Orientational bias of data in * Whether the orientation of sampling achieves unbiased is not applicable relation sampling of possible structures and the extent to to soil sampling to geological which this is known, considering the deposit type. at this stage but structure samples were collected along East -West * If the relationship between the drilling orientation lines that are orientated and the orientation of key mineralised structures is approximately perpendicular considered to have introduced a sampling bias, this to the assumed strike should be assessed and reported if material. of gold mineralisation. -------------------------------------------------------------- ------------------------------- Sample security Soil and stream samples * The measures taken to ensure sample security. were trucked back from Nullagine to the Intertek assay laboratory in Perth. Pan concentrates flown from site to Bureau Veritas Adelaide, SA Sample Security levels are considered appropriate for preliminary surface geochemistry assessment. -------------------------------------------------------------- ------------------------------- Audits or None undertaken reviews * The results of any audits or reviews of sampling techniques and data. -------------------------------------------------------------- -------------------------------
Section 2 Reporting of Exploration Results
Criteria JORC Code explanation Commentary Mineral tenement Exploration results and land * Type, reference name/number, location and ownership are reported on tenure status including agreements or material issues with third E46/1190 and E46/1262 parties such as joint ventures, partnerships, in Western Australia overriding royalties, native title interests, held 100% by Pilbara historical sites, wilderness or national park and Goldfields Pty environmental settings. Ltd, Thor Mining PLC. * The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. --------------------------------------------------------------- ------------------------- Exploration Not applicable done by other * Acknowledgment and appraisal of exploration by other parties parties. --------------------------------------------------------------- ------------------------- Geology Yet to be determined * Deposit type, geological setting and style of mineralisation. --------------------------------------------------------------- ------------------------- Drill hole No drilling has Information * A summary of all information material to the been undertaken understanding of the exploration results including a or reported tabulation of the following information for all Material drill holes: 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 Only field observations methods * In reporting Exploration Results, weighting averaging have been reported. techniques, maximum and/or minimum grade truncations There has been (eg cutting of high grades) and cut-off grades are no data aggregation. 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 --------------------------------------------------------------- ------------------------- Criteria JORC Code explanation Commentary values should be clearly stated. Relationship No drilling has between mineralisation * These relationships are particularly important in the been undertaken widths and reporting of Exploration Results. or reported intercept lengths * If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.
* If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known'). --------------------------------------------------------------- -------------------------- Diagrams A sample location * Appropriate maps and sections (with scales) and plan including tabulations of intercepts should be included for any current 1:100k significant discovery being reported These should scale geology include, but not be limited to a plan view of drill has been provided hole collar locations and appropriate sectional views. --------------------------------------------------------------- -------------------------- Balanced All results have reporting * Where comprehensive reporting of all Exploration been reported Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. --------------------------------------------------------------- -------------------------- Other substantive All data have exploration * Other exploration data, if meaningful and material, been reported data should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. --------------------------------------------------------------- -------------------------- Further work It is anticipated * The nature and scale of planned further work (eg that follow up tests for lateral extensions or depth extensions or and reconnaissance large-scale step- out drilling). surface geochemistry (soil & stream) and geological * Diagrams clearly highlighting the areas of possible mapping will be extensions, including the main geological undertaken along interpretations and future drilling areas, provided the Sterling structural this information is not commercially sensitive. corridor. An RC program is planned over soil anomalies at Sterling Central and Sterling South. --------------------------------------------------------------- --------------------------
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