TIDMBKY
RNS Number : 4572W
Berkeley Resources Limited
31 January 2012
Quarterly Activities Report - December 2011
HIGHLIGHTS
-- Berkeley Resources Limited's ("Berkeley" or the "Company")
100% owned Salamanca I uranium project, continues to progress on
schedule. The licensing and permitting process commenced during the
quarter and a co-operation agreement was signed with the local
municipalities. Construction is expected to commence mid-2013, with
first production anticipated in 2014.
-- Discussions continue with Enusa Industria Avanzadas, S. A.
("Enusa") regarding the development of the State reserves (Enusa JV
project). The completed Mining Domain Conceptual Basic Engineering
Report (CBER) for the restricted Mining Domain Feasibility Study
(MDFS) was compiled by Jacobs Engineering in early November and
independently reviewed by Spanish international engineering
company, Tecnicas Reunidas, before submission to Enusa. Berkeley
has extended the deadline for the formation of Newco to February
29, 2012, following the recent change in government in Spain.
-- Steven Turner was appointed as Berkeley's Chief Financial
Officer, effective December 12, 2011. Mr. Turner brings nearly 20
years of debt and equity markets experience in the natural resource
sector.
-- Ian Stalker and Henry Horne both resigned as non-Executive
Directors effective on November 29, 2011 and December 31, 2011
respectively.
-- The Company held cash balances of A$43M as at December 31, 2011.
OVERVIEW
SALAMANCA I
Berkeley has continued to focus on delivering the stand alone
Salamanca I project as a priority. On Tuesday October 11, 2011
Berkeley initiated the licensing and permitting processes for
development of the Retortillo and Santidad deposits. These deposits
will be the first to be developed, and therefore are the first
stage of the Salamanca I uranium project.
On October 26, 2011, Berkeley and the municipalities of
Retortillo and Villavieja de Yeltes, within the Salamanca Province,
signed a co-operation agreement for the exploitation of the uranium
deposits located in the municipalities of Retortillo and Villavieja
de Yeltes.
As part of the agreement, the municipalities of Retortillo and
Villavieja de Yeltes undertake to actively contribute throughout
the necessary administrative process required for the project to
achieve both licensing and permitting. Berkeley in turn commits to
contribute to the economic and social development of the
municipalities. Berkeley expects that the exploitation of the
Retortillo and Santidad deposits will create 150 to 200 direct jobs
(including permanent contractors). Berkeley has also requested the
necessary permits to transfer its current offices, as well as its
technical and administrative staff, to Retortillo.
After an initial scoping study, a Preliminary Feasibility Study
for the first stage of the project (Retortillo and Santidad only)
was prepared. It confirmed the strength of the project, as detailed
below.
Preliminary Feasibility Study Results for Berkeley's 100% owned
Salamanca 1 Project, Stage 1 (Retortillo & Santidad)
-- Production:
- LoM: 10 years (in production)
- U(3) O(8) produced: 11.5 Mlbs (1.42 Mlbs/annum average during
the first 6 years)
-- Financials:
- CAPEX during LoM: 83.7 MEUR
- Pre-operational CAPEX: 62.5 MEUR (contingency included)
- Total cash cost (Including Royalties): 30.3 USD/lb
Total production cost (including restoration): 33.93 USD/lb
- NPV: 136.2 M$ (USD)*
- IRR: 47%*
- Payback: 1.9 year* (* Assumes a US$:EUR Conversion Rate of
1.32, US$65/lb Uranium Price, 8% Discount rate, 15% Capital
Contingency)
This initial production rate, along with the project economics,
are expected to grow over the next 12 months, as Berkeley's
additional 100% resource areas are developed into the project.
The process will utilise on-off pad, biological heap leaching,
which is particularly amenable to the ore type, and to the region
and its climate. Previous 40 day column test work has yielded
recoveries in excess of 90%, though for the purpose of the
Preliminary Feasibility Study, a more conservative 87.5% recovery
was used.
With the permitting process now underway, Berkeley forecasts
that project construction will commence mid-2013.
ENUSA JV PROJECT
A Mining Domain Conceptual Basic Engineering Report ("CBER") was
compiled by Jacobs Engineering in early November and independently
reviewed by the Spanish international engineering company, Tecnicas
Reunidas, before submission to Enusa. Berkeley has extended the
deadline for the formation of Newco to February 29, 2012, following
the recent change in government in Spain.
Berkeley is confident that the MDFS demonstrates compliance with
technical, environmental, legal and economic aspects for the
potential processing of uranium within the Mining Domain through
the Quercus plant, to a standard validly accepted by international
experts in mining.
The incorporation of NEWCO triggers the payment of EUR20M to
Enusa within 30 days of formation. NEWCO will be responsible for
exploitation of the uranium resources within the State Reserves
(Mining Domain) and shall be owned 90% by the Company. Berkeley has
received advice from its Spanish legal advisers, Herbert Smith,
that the agreements continue to be enforceable according to their
terms.
The MDFS is restricted to measured and indicated resources
within the Mining Domain. These Resources total 34.2mlbs U(3) O(8)
at a grade of 445ppm, with an 89% resource conversion to achieve
reserves of 30.3mlbs. Confidence levels have been raised to +/- 15%
for capital estimates and to +/- 10% for operating costs. Resources
included in the CBER for the restricted MDFS make up only
approximately 44% of Berkeley's total resource base, or 69% of
Enusa JV resources within the State Reserves.
As the CBER presented to ENUSA, is restricted to only Measured
and Indicated Resources within the Mining Domain, the Company is
cognisant of further potential project enhancements that can be
achieved via the incorporation of synergies through parallel
development of the 100%-owned Salamanca 1 project.
Results from the Conceptual Basic Engineering Report for the
Enusa JV Project Mining Domain Feasibility Study
-- Mining rate of 3.5 mtpa for recovery of 2.5mlbs per annum
averaged over the life of mine by tank leaching
-- Cash Operating costs of US$34.7/lb* averaged over the life of mine
-- Construction capital costs of US$228 million*
(* Assumes a US$:EUR Conversion rate of 1.38)
EXPLORATION
Key Points
-- Exploration at Retortillo and Santidad included a combined
resource infill, near mine exploration and condemnation RC drill
program. Drilling at Retortillo was completed in November, whilst
drilling at Santidad is ongoing. The Retortillo resource estimate
has been updated giving a new total resource at 200 ppm CoG of
11.5Mt at 397ppm U(3) O(8) for 10.1Mlbs U(3) O(8) .
-- Data from the recent RC drilling in Alameda, Sageras and
Palacios has been integrated into the existing models, and the
resource estimates updated. Results are given in Appendix A.
-- An exploration program to be carried out over the coming year
has been developed for the Salamanca 1 Satellite deposits and the
Caceres region (including the Gambuta deposit) focussing on
exploration to confirm and extend the known resources and to test
new prospect areas.
Deposit RC Q1 2011 RC Q2 2011 RC Q3 2011 RC Q4 2011 RC 2011
TOTAL
------------ --------------- --------------- --------------- --------------- ---------------
Holes Meters Holes Meters Holes Meters Holes Meters Holes Meters
------------ ------ ------- ------ ------- ------ ------- ------ ------- ------ -------
Alameda
South 5 404 39 2,157 10 419 - - 54 2,980
------------ ------ ------- ------ ------- ------ ------- ------ ------- ------ -------
Mimbre - - - - 6 426 - - 6 426
------------ ------ ------- ------ ------- ------ ------- ------ ------- ------ -------
Retortillo 3 205 9 599 115 6861 84 5,270 211 12,935
------------ ------ ------- ------ ------- ------ ------- ------ ------- ------ -------
Santidad - - - - - - 27 1,369 27 1,369
------------ ------ ------- ------ ------- ------ ------- ------ ------- ------ -------
Sageras - - - - 11 422 - - 11 422
------------ ------ ------- ------ ------- ------ ------- ------ ------- ------ -------
Total 8 609 48 2,756 142 8,128 111 6,639 309 18,132
------------ ------ ------- ------ ------- ------ ------- ------ ------- ------ -------
Deposit DDH Q1 2011 DDH Q2 2011 DDH Q3 2011 DDH Q4 2011 DDH 2011
TOTAL
------------ --------------- --------------- --------------- --------------- ---------------
Holes Meters Holes Meters Holes Meters Holes Meters Holes Meters
------------ ------ ------- ------ ------- ------ ------- ------ ------- ------ -------
Alameda
South 15 1,422 - - - - - - 15 1,422
------------ ------ ------- ------ ------- ------ ------- ------ ------- ------ -------
Retortillo 20 1,615 - - - - - - 20 1,615
------------ ------ ------- ------ ------- ------ ------- ------ ------- ------ -------
Sageras
West 8 459 - - - - - - 8 459
------------ ------ ------- ------ ------- ------ ------- ------ ------- ------ -------
Total 43 3,496 0 0 0 0 0 0 43 3,496
------------ ------ ------- ------ ------- ------ ------- ------ ------- ------ -------
Table 1: Drilling Summary
Retortillo and Santidad Resources (Salamanca 1 Project)
Resource infill, exploration and condemnation drilling has been
completed at Retortillo with final assay results received in
December. Drilling at Santidad is continuing and is planned to be
completed in February. Assays from Santidad are yet to be
received.
The Retortillo drill campaign was completed in November with a
total of 211 RC holes, for 12,935m being drilled. The drilling had
four main objectives:
1. More detailed confirmation of the historic data-set to
generate a more detailed geological model;
2. Infill drilling to upgrade Inferred resources to the Indicated category;
3. Extension of existing resources through exploration drilling; and
4. Condemnation drilling for mine and plant design purposes.
The drilling was successful in confirming known mineralisation,
and extending the mineralisation in some areas where local fracture
systems were found to be mineralised outside the previously defined
resource. A summary of some of the better intersections is given in
Table 2. A summary of all intersections is given in the Appendix
B.
Deposit Hole ID From To Thickness U(3) O(8)
---------
(m) (m) (m) (ppm)
---------
Retortillo RTR-266 21 31 10 1,285
------------ --------- ----- ---- ---------- ----------
Retortillo RTR-317 19 47 28 273
Retortillo RTR-324 31 45 12 797
83 97 12 738
---------------------- ----- ---- ---------- ----------
Retortillo RTR-327 18 32 14 624
------------ --------- ----- ---- ---------- ----------
Table 2: Significant Intersections (at 200ppm U(3) O(8)
cutoff)
A new resource block model was created using all available data.
This data includes the historical data from ENUSA and the more
recent Berkeley drill hole data. Both sets of data consist of
chemical assays, e-grade assays and detailed geological logging
data, including state of weathering. All data has been reviewed and
validated. A geological wireframe was interpreted encompassing all
the mineralisation and a block model generated within this
wireframe. Ordinary kriging was used to estimate grade into the
block model. The results of the resource estimate are given in
Appendix A.
The resource estimate has resulted in a significant increase in
the Indicated Resource category with 56% of the total resource in
this category compared to 37% previously. However, and as
previously stated,progress calculations based largely on e-grades
and using the zoned block model method employed at the State
reserve deposits (which combines kriging and inverse distance
squared weightings) indicated that the original 2007 estimate
(based on a recovered fraction with inverse distance methodology)
overestimated the resource. After the completion of the new
resource block model, total Berkeley 100% owned resources have been
reduced by 9.5%, from 31.7Mlb to 28.7Mlb.
Alameda, Sageras and Palacios Resources (Enusa JV)
A small amount of RC drilling was completed last quarter at
Alameda and Sageras. This drilling was incorporated into the
existing resource models and the resources re-estimated. The
results from these updates are shown in Appendix A.
The most significant change from previous resources was at
Alameda where an additional 0.5Mt for 589t U(3) O(8) was added to
the global resource and an increased proportion was reported as
Indicated Resource. At Sageras and Palacios the amount of resource
reported as Measured and Indicated also increased.
Assessment of Other 100% Berkeley Projects
An exploration program to be carried out over the coming year
has been developed for the Salamanca 1 Satellite deposits and the
Caceres area, focussing on exploration to confirm and extend the
known resources, and to test new prospect areas.
A review of the Salamanca 1 Satellite deposits showed many areas
of good potential to extend the existing resources, as well as test
new prospective exploration areas.
In the Villares East Prospect a review of the historic drilling
has shown the potential for significant mineralisation to be
defined in this area. Detailed drill planning is underway to test
this and other projects including Zona 7, Las Carbas, Mina Cristina
and Mina Caridad over the coming year.
In the Caceres Province an infill RC drilling has been designed
for the Gambuta Resource with the aim of upgrading the geological
model and current resource estimate, and to provide material for
metallurgical testwork. The satellite prospects (e.g. El Zarzal,
Ojaranzo, El Chorrero) and the granite-metasediment contact zone
will also be investigated. Exploration techniques will utilise
ground radiometrics, detailed geological mapping and drill
testing.
Enquiries
Managing Director Brendan James Tel: +34 923 193
903
Chief Financial Officer Steven Turner
RBC Capital Markets Martin Eales Tel: +44 20 7029
7881
The information in this announcement that relates to Exploration
Results, Mineral Resources or Ore Reserves is based on information
compiled by Craig Gwatkin, who is a Member of The Australian
Institute of Mining and Metallurgy and is an employee of Berkeley
Resources Limited. Mr. Gwatkin has sufficient experience which is
relevant to the style of mineralisation and type of deposit under
consideration and to the activity which he is undertaking to
qualify as a Competent Person as defined in the 2004 Edition of the
'Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves'. Mr. Gwatkin consents to the inclusion
in the report of the matters based on his information in the form
and context in which it appears.
Appendix A: Berkeley Mineral Resources as at 31 December
2011
U(3) U(3) U(3) U(3) U(3)
Deposit Resource Tonnes O(8) O(8) O(8) Category Berkeley O(8) O(8)
Name Category (Mt) (ppm) (t) (Mlbs) (%) (%) (Mlbs) (t)
-------------- ----------- ------- ------ ------- ------- --------- --------- ------- -------
Indicated 6.1 416 2,555 5.6 56% 100% 5.6 2,555
-------------------------- ------- ------ ------- ------- --------- --------- ------- -------
Inferred 5.3 376 2,005 4.4 44% 100% 4.4 2,005
-------------------------- ------- ------ ------- ------- --------- --------- ------- -------
Retortillo Total 11.5 397 4,560 10.1 100% 100% 10.1 4,560
-------------- ----------- ------- ------ ------- ------- --------- --------- ------- -------
Indicated 1.4 394 552 1.2 29% 100% 1.2 552
-------------------------- ------- ------ ------- ------- --------- --------- ------- -------
Inferred 3.2 417 1,334 2.9 71% 100% 2.9 1,334
-------------------------- ------- ------ ------- ------- --------- --------- ------- -------
Santidad Total 4.6 410 1,886 4.2 100% 100% 4.2 1,886
-------------- ----------- ------- ------ ------- ------- --------- --------- ------- -------
Zona 7 Inferred 3.9 414 1,615 3.6 100% 100% 3.6 1,615
-------------- ----------- ------- ------ ------- ------- --------- --------- ------- -------
Las Carbas Inferred 0.6 443 266 0.6 100% 100% 0.6 266
-------------- ----------- ------- ------ ------- ------- --------- --------- ------- -------
Cristina Inferred 0.8 460 368 0.8 100% 100% 0.8 368
-------------- ----------- ------- ------ ------- ------- --------- --------- ------- -------
Caridad Inferred 0.4 382 153 0.3 100% 100% 0.3 153
-------------- ----------- ------- ------ ------- ------- --------- --------- ------- -------
Indicated 7.5 412 3,107 6.8 35% 100% 6.8 3,107
-------------------------- ------- ------ ------- ------- --------- --------- ------- -------
Inferred 14.2 403 5,740 12.7 65% 100% 12.7 5,740
-------------------------- ------- ------ ------- ------- --------- --------- ------- -------
Retortillo
Area Total 21.8 406 8,847 19.5 100% 100% 19.5 8,847
-------------- ----------- ------- ------ ------- ------- --------- --------- ------- -------
Gambuta Area Inferred 11.3 371 4,192 9.2 100% 100% 9.2 4,192
============== =========== ======= ====== ======= ======= ========= ========= ======= =======
Indicated 7.5 412 3,107 6.8 24% 100% 6.8 3,107
-------------------------- ------- ------ ------- ------- --------- --------- ------- -------
Inferred 25.5 389 9,933 21.9 76% 100% 21.9 9,933
-------------------------- ------- ------ ------- ------- --------- --------- ------- -------
Salamanca
1 Uranium
Project Total 33.1 394 13,039 28.7 100% 100% 28.7 13,039
============== =========== ======= ====== ======= ======= ========= ========= ======= =======
(Continued over page)
Appendix A (Continued): Berkeley Mineral Resources as at 31
December 2011
Deposit Resource Tonnes U3O8 U3O8 U3O8 Category Berkeley U3O8 U3O8
----------- ------- ------ ------- ------- --------- --------- ------- -------
Name Category (Mt) (ppm) (t) (Mlbs) (%) (%) (Mlbs) (t)
------------------ ----------- ------- ------ ------- ------- --------- --------- ------- -------
Measured 4.7 380 1,795 4.0 39% 90% 3.6 1,615
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Indicated 6.4 430 2,750 6.1 60% 90% 5.5 2,475
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Subtotal
M+I 11.1 409 4,545 10.0 100% 90% 9.0 4,090
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Inferred 0.0 258 6 0.0 0% 90% 0.0 6
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Sageras Total 11.1 408 4,551 10.0 100% 90% 9.0 4,096
------------------ ----------- ------- ------ ------- ------- --------- --------- ------- -------
Measured 1.0 497 483 1.1 24% 90% 1.0 434
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Indicated 2.8 495 1,401 3.1 70% 90% 2.8 1,261
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Subtotal
M+I 3.8 496 1,883 4.2 94% 90% 3.7 1,695
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Inferred 0.5 258 117 0.3 6% 90% 0.2 105
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Palacios
North Total 4.3 470 2,001 4.4 100% 90% 4.0 1,801
------------------ ----------- ------- ------ ------- ------- --------- --------- ------- -------
Palacios
South Inferred 2.2 328 722 1.6 100% 90% 1.4 649
------------------ ----------- ------- ------ ------- ------- --------- --------- ------- -------
Majuelos Inferred 4.9 432 2,117 4.7 100% 90% 4.2 1,905
------------------ ----------- ------- ------ ------- ------- --------- --------- ------- -------
Majuelos
East Inferred 1.6 347 555 1.2 100% 90% 1.1 500
------------------ ----------- ------- ------ ------- ------- --------- --------- ------- -------
Measured 5.7 400 2,277 5.0 23% 90% 4.5 2,050
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Indicated 9.2 450 4,151 9.2 42% 90% 8.2 3,736
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Subtotal
M+I 14.9 431 6,428 14.2 65% 90% 12.8 5,785
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Inferred 9.2 383 3,517 7.8 35% 90% 7.0 3,165
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Aguila Area Total 24.1 413 9,945 21.9 100% 90% 19.7 8,950
------------------ ----------- ------- ------ ------- ------- --------- --------- ------- -------
Indicated 20.0 455 9,107 20.1 95% 90% 18.1 8,197
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Inferred 0.7 657 468 1.0 5% 90% 0.9 422
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Alameda South Total 20.7 462 9,576 21.1 100% 90% 19.0 8,618
------------------ ----------- ------- ------ ------- ------- --------- --------- ------- -------
Alameda North Inferred 4.1 503 2,062 4.5 100% 90% 4.1 1,856
------------------ ----------- ------- ------ ------- ------- --------- --------- ------- -------
Indicated 20.0 455 9,107 20.1 78% 90% 18.1 8,197
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Inferred 4.8 526 2,531 5.6 22% 90% 5.0 2,278
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Alameda Area Total 24.8 469 11,638 25.7 100% 90% 23.1 10,474
------------------ ----------- ------- ------ ------- ------- --------- --------- ------- -------
Villar Area Inferred 5.0 446 2,239 4.9 100% 90% 4.4 2,015
================== =========== ======= ====== ======= ======= ========= ========= ======= =======
Measured 5.7 400 2,277 5.0 10% 4.5 2,050
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Indicated 29.2 453 13,258 29.2 56% 26.3 11,932
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Subtotal
M+I 34.9 445 15,535 34.2 65% 30.8 13,982
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Inferred 19.0 436 8,287 18.3 35% 16.4 7,458
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Enusa JV
Uranium Project Total 53.9 442 23,822 52.5 100% 47.3 21,440
Measured 5.7 400 2,277 5.0 6% 4.5 2,050
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Indicated 36.8 445 16,365 36.1 44% 33.2 15,039
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Subtotal
M+I 42.5 439 18,642 41.1 51% 37.7 17,089
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Inferred 44.5 409 18,219 40.2 49% 38.3 17,390
------------------------------ ------- ------ ------- ------- --------- --------- ------- -------
Berkeley Total 87.0 424 36,861 81.3 100% 76.0 34,479
================== =========== ======= ====== ======= ======= ========= ========= ======= =======
Appendix B: Drill Intersections from drilling completed during
December Quarter (all intersections reported using a 200ppm U(3)
O(8) cutoff)
Retortillo RC Drilling
Hole ID Easting Northing Elevation Depth Azimuth Dip From To Thickness U(3)
O(8)
(m) (m) (m) (m) ( ) ( ) (m) (m) (m) (ppm)
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-237 720337 4519515 759.3 103.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-238 720336 4519827 736.4 50.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-240 720304 4519555 756.8 115.0 0 -90 89 90 1 342
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-244 720092 4519683 753.0 91.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-246 719058 4520844 711.1 47.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-247 719052 4520934 710.9 64.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-249 719074 4520984 709.8 64.0 0 -90 12 13 1 936
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-250 719105 4521028 708.2 34.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-252 719144 4521006 709.9 64.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-254 719193 4520979 713.9 45.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-256 719886 4520348 727.9 60.0 0 -90 Not mineralized
RTR-257 718663 4520942 727.5 50.0 0 -90 6 10 4 206
14 15 1 266
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-258 719918 4520334 730.2 60.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-259 718750 4520891 720.5 49.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-260 718913 4520977 721.1 76.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-261 720164 4520151 716.5 60.0 0 -90 Not mineralized
RTR-262 718936 4521028 721.7 76.0 0 -90 17 23 6 427
27 35 8 256
38 39 1 206
45 46 1 408
52 55 3 454
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-263 720254 4520100 720.1 60.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-264 718984 4521116 721.9 70.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-265 720216 4520121 718.7 60.0 0 -90 Not mineralized
RTR-266 718956 4521067 717.8 70.0 0 -90 17 18 1 1598
21 31 10 1285
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-268 718934 4521361 746.9 88.0 0 -90 51 54 3 438
69 70 1 237
75 76 1 222
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-270 718780 4521498 744.8 85.0 0 -90 40 41 1 238
53 54 1 277
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-271 718863 4521228 700.0 60.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-273 718887 4521273 746.6 60.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-275 718683 4521208 755.1 58.0 0 -90 24 29 5 300
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-277 718642 4521345 755.0 58.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-284 718705 4521249 755.6 60.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-286 718507 4520966 731.0 50.0 0 -90 17 19 2 222
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-293 720465 4519946 736.3 64.0 0 -90 42 44 2 260
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-295 720358 4519991 731.0 50.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-297 720498 4519696 747.4 61.0 0 -90 44 45 1 233
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-299 720397 4519739 743.5 52.0 0 -90 33 35 2 235
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-301 720290 4519624 751.6 190.0 0 -90 61 62 1 369
86 88 2 290
95 97 2 1067
100 101 1 220
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-302 718986 4521000 710.4 74.0 0 -90 20 21 1 270
65 66 1 645
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-303 718965 4520966 710.3 52.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-304 719021 4521058 711.6 52.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-305 718808 4521141 748.6 200.0 0 -90 42 43 1 204
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-306 719382 4520283 752.0 52.0 0 -90 34 35 1 387
RTR-307 719430 4520251 751.6 60.0 0 -90 36 37 1 235
41 43 2 297
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-308 719435 4520364 753.0 64.0 0 -90 39 40 1 270
43 45 2 301
51 54 3 323
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-309 719410 4520652 744.5 45.0 0 -90 33 34 1 203
RTR-310 719381 4520390 751.2 94.0 0 -90 32 38 6 333
45 46 1 687
55 59 4 567
66 67 1 378
72 73 1 1645
76 77 1 370
81 82 1 238
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-311 719529 4520796 721.2 45.0 0 -90 4 12 8 240
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-312 719447 4520298 752.0 55.0 0 -90 41 43 2 331
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-313 719493 4520722 729.0 55.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-314 719535 4520252 746.0 51.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-315 719421 4520709 735.6 35.0 0 -90 Not mineralized
RTR-316 719390 4520611 747.1 73.0 0 -90 22 27 5 290
35 36 1 327
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-317 719459 4520639 741.2 61.0 0 -90 19 47 28 273
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-318 719623 4520205 737.0 35.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-319 719607 4520501 746.7 65.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-320 719556 4520184 741.0 40.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-321 719525 4520540 745.6 70.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-322 719422 4520552 747.3 92.0 0 -90 Not mineralized
--------- -------- --------- ---------- ------ -------- ---- -------------------------------
RTR-323 719484 4520563 743.8 70.0 0 -90 Not mineralized
RTR-324 719365 4520565 748.2 106.0 207 -60 31 45 12 797
48 52 3 609
56 62 5 600
67 72 4 694
83 97 12 738
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-325 719513 4520651 732.8 40.0 0 -90 Not mineralized
RTR-326 719334 4520412 748.7 64.0 0 -90 37 40 3 480
47 48 1 317
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-327 719433 4520590 745.9 70.0 0 -90 18 32 14 624
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-329 719639 4520428 748.5 85.0 0 -90 30 37 7 272
40 43 3 592
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
RTR-330 719694 4520337 741.1 90.0 207 -65 35 36 1 258
47 48 1 282
60 61 1 459
71 74 3 630
--------- -------- --------- ---------- ------ -------- ---- ----- ---- ---------- ------
Retortillo - Condemnation Drill Holes
Hole Easting Northing Elevation Depth Azimuth Dip Comment
ID
-----------------------
(m) (m) (m) (m) ( ) (
)
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-239 718883 4520416 739.2 50.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-241 718937 4520510 725.8 64.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-242 718825 4520513 725.0 32.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-243 718872 4520601 717.0 50.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-245 718919 4520688 709.8 19.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-248 719709 4519937 754.5 54.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-251 719576 4520008 744.5 22.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-253 719624 4520096 739.8 16.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-255 719503 4520132 744.5 34.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-267 720052 4520289 714.0 50.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-269 720206 4520274 728.6 50.0 0 -90 mineralized
Condemnation hole, not
RTR-272 719799 4520628 713.6 50.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-274 719644 4520759 711.0 55.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-276 719886 4520576 716.8 50.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-278 720853 4519621 742.8 50.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-279 718649 4521681 742.8 64.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-280 718531 4521575 724.0 64.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-281 721099 4519663 733.4 50.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-282 718914 4521539 754.8 64.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-283 720652 4519670 745.2 52.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-285 721237 4519930 734.9 55.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-287 720988 4519889 733.0 50.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-288 718447 4521052 722.6 50.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-289 720741 4519850 737.0 50.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-290 718573 4520876 726.6 50.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-291 718756 4521341 755.2 60.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-292 720571 4519935 743.7 50.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-294 718847 4521407 750.6 60.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-296 718975 4521448 755.5 60.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-298 718849 4521630 753.8 60.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
Condemnation hole, not
RTR-300 718715 4521594 741.6 70.0 0 -90 mineralized
Condemnation hole, not
RTR-328 719802 4520150 743.8 136.0 0 -90 mineralized
--------- -------- --------- ---------- ------ -------- ---- -----------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCDFLBXLFFZBBQ
Grafico Azioni Berkeley Energia (LSE:BKY)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Berkeley Energia (LSE:BKY)
Storico
Da Lug 2023 a Lug 2024
