Assays results have been received for another five resource definition diamond drill holes to bring the total to seven holes for which assays have now been received. Managing Director and CEO
To date 19 resource definition drill holes have been completed for 3,926.2 metres including all 15 Sorowar-Pigiput holes and four Pigibo holes. Five remaining Pigibo resource definition drill holes for 845 metres remain to be drilled. The next stage of drilling includes eight exploration diamond drill holes (four at Sorowar-Pigiput and four at Pigibo) for 2,795 metres testing for new mineralisation located down dip of Inferred Resources. Due to the encouraging assay results from drill hole SDH525 located outside the current Inferred Resource, the four Sorowar-Pigiput exploration diamond drill holes have been prioritised with two diamond drill rigs currently completing these holes.
The significant results in drill hole SDH525 support the exploration model of a 'productive window' located at a specific elevation (between +75m RL and -25m RL) where there is generally higher gold grades present. Drill holes SDH525 (results received and noted above) and drill holes SDH533 and SDH534 (assays pending) have tested the northwest trend below the current Inferred Resource over a 200 metre strike length. Mineralisation in SDH525 is dominantly associated with a monomict andesite shatter breccia which displays angular clast support in a matrix of quartz +/- carbonate. Visual pyrite is estimated between 5 to 10% and is disseminated in the altered clasts and locally within the quartz matrix. Similar mineralisation style has been logged in all three holes SDH525, SDH533 and SDH534. The assay results for holes SDH533 and SDH534 are keenly awaited. The four upcoming Sorowar-Pigiput exploration holes are designed to test for potential additional new mineralisation similar to that intersected in hole SDH525 along the full interpreted 470-metre long, northwest striking, moderate southwest dipping extension to mineralisation up to 100 m down dip from current the Inferred Resource. Drilling is currently underway and expected to be completed in
Mineralisation displayed above in SDH525, SDH534 and SDH533 is dominantly associated with a clast supported shatter breccia comprised of monomict angular andesite clasts in a matrix of quartz +/- carbonate. Visual pyrite is estimated between 5 to 10% and is disseminated in the altered clasts and locally within the quartz matrix. Gold grades (in g/t Au) are displayed in yellow text for each metre interval in the upper photo showing core from SDH525. A one metre high-grade intercept of 59.4 g/t Au from 187 m depth is associated with a quartz vein displaying subtle colloform banded textures. A similar style quartz vein is observed at 189m depth in SDH534. Note: The presence of monomict andesite breccia with 5% to 10% pyrite observed in SDH534 and SDH533, and the presence of a colloform banded quartz vein in SDH534 is a geological observation of non-economic minerals that are possibly associated with gold. It must be cautioned that visual observations and estimates are uncertain in nature and should not be taken as a substitute for appropriate laboratory analysis. Laboratory assay results will be reported when they are received and interpreted. Laboratory assay results will be reported when they are received and interpreted
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The information in this report that relates to Exploration Results is based on information compiled by Dr
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