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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