24 June
2024
Thor Energy
PLC
("Thor"
or the "Company)
Sampling returns up to
5,424ppm (0.54 %)
U3O8, 1.6 %
V2O5 and 2.74 % Cu.
Edna Mae
Prospect- Wedding Bell and Radium Mountain Projects, USA
The directors of Thor Energy Plc
("Thor") (AIM, ASX: THR, OTCQB: THORF) are pleased to provide an
exploration update on the regional surface sampling program on the
Company's 100% owned Wedding Bell and Radium Mountain Projects,
located in the uranium-vanadium mining district of the Uravan
Mineral Belt, southwest Colorado, USA (Figure 1 and Figure 3).
Highlights:
§ Rock Chip
sampling at Edna Mae Prospect returned up to 5,424 ppm (0.54 %) U3O8,
1.6 %
V2O5 and 2.74 % Cu.
§ Following
on from Thor's 2023 Airborne Radiometric survey, a regional
reconnaissance surface sampling program consisting of mapping and
rock sampling is progressing across the Wedding Bell Project,
assessing all first-order anomalies for future drill testing
(Figure 1 and Figure 2). Previously reported rock samples returned up to 1.25% U3O8 at Rim
Rock (WR-016) and 3.87 %
V2O5 at Jack Knife (WR-20)
(Figure 1)
(ASX/AIM:
20 July 2020).
§ Edna Mae
rock sample assay results include:
|
Sample No.
|
U3O8
ppm
|
U3O8
%
|
V2O5 %
|
Cu %
|
Ag g/t
|
Sample Type
|
|
WBNG001
|
598
|
0.06
|
1.60
|
2.74
|
100
|
Dump
|
|
WBNG002
|
5424
|
0.54
|
1.38
|
0.31
|
6.4
|
Dump
|
|
WBNG003
|
2235
|
0.22
|
0.69
|
0.52
|
21.3
|
Adit wall
|
§ The Edna
Mae prospect lies in the southern portion of Thor's mining claims
(Figure 2), with the copper
and uranium-vanadium mineralisation within altered, bitumen spotted
Jurassic sandstones of the Salt Wash Member of the Morrison
Formation (Photo 1 &
2). Mineralisation sits in
the lower first Rim of the Salt Wash Sandstone at a similar
stratigraphic position to Section 23 and Groundhog
prospects.
§ Edna Mae
lies on the edge of Paradox Copper Belt, which includes the
producing Lisbon Valley Copper Mine. The sediment-hosted copper
mineralisation is believed to be a later, younger event to the
uranium mineralisation.
§ Preparations are underway for 2024 drilling programs (infill
and extension) at Rim Rock and Groundhog mine areas, with
reconnaissance surface geochemical sampling continuing throughout
the Wedding Bell Project.
Nicole Galloway Warland, Managing Director of Thor Energy,
commented:
"The presence of high-grade copper with the uranium-vanadium
assay results at the Edna Mae Prospect is very promising. The Edna
Mae Prospect sits on the edge of the Paradox Copper Belt, which
hosts the producing Lisbon Valley Copper Mine.
"We are continuing our regional reconnaissance surface
sampling program with exciting high-grade results and building
additional drill targets to our priority Rim Rock and Groundhog
prospects.
"2024 drilling preparations are in progress, with the
intention of maiden drilling at Vanadium King Project, and we look
forward to updating the market in due course."
Figure 1:
Surface Rock Sampling Results including Edna Mae,
across the Wedding Bell ad Radium Mountain Projects,
Colorado
RECONNAISSANCE SURFACE SAMPLING:
Reconnaissance mapping and surface
rock sampling across the Wedding Bell Project are continuing to
systematically assess and prioritising historic workings and
geophysical anomalies, identified by Thor's 2023 Radiometric Survey
(ASX/AIM:
27 July 2023) for future drill
testing (Figures 1 and
2).
Previously reported rock samples
returned up to 1.25%
U3O8 at Rim Rock (WR-016) and
3.87 %
V2O5 at Jack Knife (WR-20)
(Figure 1) (ASX/AIM: 20
July 2020). Refer to Table
A for rock chip sample results to date. Of the ten-plus
areas that have been assessed, only two areas have been
drill-tested by Thor to date (Rim Rock and Groundhog).
Edna Mae
Prospect
Edna Mae was identified as a
geophysical anomaly in 2023, and is located in the southern portion
of the Wedding Bell mining claims approximately 1km east of Section
23 and along strike of Groundhog (Figure 1 and Figure 2).
Recent Rock Chip sampling at Edna
Mae Prospect returned up to 5,425ppm (0.54 %) U3O8,
1.6 % V2O5, 2.74 % Cu and 100g/t Ag. Although
elevated copper values have been noted and used as pathfinder
elements in drilling at Groundhog, Rim Rock and Section 23, this is
the first high-grade copper value reported.
The copper and uranium-vanadium
mineralisation is within altered, bitumen spotted Jurassic
sandstones of the Salt Wash Member of the Morrison Formation
(Photo 1 & 2). Mineralisation sits in the lower
first Rim of the Salt Wash Sandstone at a similar stratigraphic
position to Section 23 prospect.
Edna Mae lies on the edge of Paradox
Copper Belt, which includes the producing Lisbon Valley Copper
Mine, Utah. The sediment-hosted copper mineralisation is believed
to be a later, younger event to the uranium mineralisation
(Figure 3). Further work is
needed to understand the copper distribution, and its relationship
and distribution relative to the uranium-vanadium mineralisation.
Edna Mae rock sample assay results
include:
|
Sample No.
|
U3O8
ppm
|
U3O8
%
|
V2O5 %
|
Cu %
|
Ag g/t
|
Sample Type
|
|
WBNG001
|
598
|
0.06
|
1.60
|
2.74
|
100
|
Dump
|
|
WBNG002
|
5424
|
0.54
|
1.38
|
0.31
|
6.4
|
Dump
|
|
WBNG003
|
2235
|
0.22
|
0.69
|
0.52
|
21.3
|
Adit wall
|
Next Steps and Upcoming News Flow:
§ Continuing
our reconnaissance mapping and surface sampling program across
tenure, to build and prioritise future drill targets. There remain
several unsampled radiometric anomalies to assess (Figure 3).
§ Detailed
mineralisation and geological interpretations combining the 2022
and 2023 drilling results.
§ 2024
reverse circulation and diamond resource drilling (infill and
extension) at Rim Rock and Groundhog mine areas.
§ Maiden
drilling at Vanadium King, Utah.
Figure 2:
Radiometric image (U2/Th ratio) draped over
Digital Elevation Model (DEM) showing uranium anomalies in red,
green and light blue with Rock Chip samples collected to
date
Table A: Rock Sample Assay
Results for Wedding Bell Project
|
Prospect
|
Sample No.
|
Easting
|
Northing
|
U3O8
ppm
|
U3O8
%
|
V2O5
%
|
Cu %
|
Ag g/t
|
Sample Type
|
|
Edna Mae
|
WBNG001
|
689628
|
4222808
|
598
|
0.06
|
1.60
|
2.74
|
100
|
Dump
|
|
Edna Mae
|
WBNG002
|
689628
|
4222807
|
5424
|
0.54
|
1.38
|
0.31
|
6.4
|
Dump
|
|
Edna Mae
|
WBNG003
|
689706
|
4222727
|
2235
|
0.22
|
0.69
|
0.52
|
21.3
|
Adit wall
|
|
Ground
Hog
|
WR-001
|
687927
|
4223836
|
5188
|
0.52
|
1.82
|
NA
|
NA
|
Outcrop
|
|
Ground
Hog
|
WR-002
|
688030
|
4223849
|
943
|
0.09
|
1.11
|
NA
|
NA
|
Outcrop
|
|
Rim
Rock
|
WR-003
|
687660
|
4225839
|
8844
|
0.88
|
1.87
|
NA
|
NA
|
Adit
wall
|
|
Rim
Rock
|
WR-004
|
687660
|
4225839
|
10023
|
1
|
1.30
|
NA
|
NA
|
Grab
|
|
Wedding
Bell
|
WR-005
|
687333
|
4224766
|
4363
|
0.44
|
0.38
|
NA
|
NA
|
Grab
|
|
Wedding
Bell
|
WR-006
|
687202
|
4224797
|
2358
|
0.24
|
0.67
|
NA
|
NA
|
Grab
|
|
Big
Bull
|
WR-007
|
692453
|
4226633
|
1179
|
0.12
|
0.74
|
NA
|
NA
|
Outcrop
|
|
Big
Bull
|
WR-008
|
692468
|
4226632
|
472
|
0.05
|
0.35
|
NA
|
NA
|
Outcrop
|
|
Lark
Mine
|
WR-009
|
691031
|
4226911
|
2358
|
0.24
|
0.25
|
NA
|
NA
|
Dump
|
|
Lark
Mine
|
WR-010
|
690763
|
4226921
|
11674
|
1.17
|
1.89
|
NA
|
NA
|
Dump
|
|
Lark
Mine
|
WR-011
|
690468
|
4226608
|
3891
|
0.39
|
1.23
|
NA
|
NA
|
Dump
|
|
Diana
Mine
|
WR-012
|
690142
|
4225830
|
11084
|
1.11
|
2.32
|
NA
|
NA
|
Dump
|
|
Babe
Ruth
|
WR-013
|
689730
|
4225628
|
118
|
0.01
|
1.04
|
NA
|
NA
|
Outcrop
|
|
Babe
Ruth
|
WR-014
|
689732
|
4225603
|
3420
|
0.34
|
2.62
|
NA
|
NA
|
Dump
|
|
unnamed
|
WR-015
|
688347
|
4225808
|
9080
|
0.91
|
0.61
|
NA
|
NA
|
Grab
|
|
Rim
Rock
|
WR-016
|
687627
|
4225392
|
12500
|
1.25
|
0.97
|
NA
|
NA
|
Dump
|
|
Rim
Rock
|
WR-017
|
687660
|
4225839
|
1415
|
0.14
|
2.12
|
NA
|
NA
|
Adit
wall
|
|
Rim
Rock
|
WR-018
|
687731
|
4225668
|
472
|
0.05
|
2.39
|
NA
|
NA
|
Outcrop
|
|
Jack
Knife
|
WR-019
|
687108
|
4224016
|
236
|
0.02
|
1.20
|
NA
|
NA
|
Pit
Wall
|
|
Jack
Knife
|
WR-020
|
687081
|
4223998
|
6839
|
0.68
|
3.87
|
NA
|
NA
|
Pit
Wall
|
|
Groundhog
|
WR-021
|
687921
|
4223833
|
943
|
0.09
|
0.51
|
NA
|
NA
|
Outcrop
|
Note
Coordinates are in WGS 84 Zone 12
NA
- Not Analysed for Copper or Silver
Figure 3:
Uranium and Vanadium Project Location Map within
the Uravan Mineral Belt
The Board of Thor Energy Plc has
approved this announcement and authorised its release.
For further information, please
contact:
|
Thor Energy PLC
|
|
|
Nicole Galloway Warland, Managing
Director
Ray Ridge, CFO / Company
Secretary
|
Tel: +61 (8) 7324 1935
Tel: +61 (8) 7324 1935
|
|
WH
Ireland Limited (Nominated Adviser and Joint
Broker)
|
Tel: +44 (0) 207 220
1666
|
|
Antonio Bossi / Darshan Patel /
Isaac Hooper
|
|
|
SI
Capital Limited (Joint Broker)
|
Tel: +44 (0) 1483 413 500
|
|
Nick Emerson
|
|
|
Yellow Jersey (Financial PR)
|
thor@yellowjerseypr.com
|
|
Dom Barretto / Shivantha Thambirajah
/ Bessie Elliot
|
Tel: +44 (0) 20 3004 9512
|
About Thor Energy Plc
The Company is predominantly focused
on uranium and energy metals that are crucial in the shift to a
'green' energy economy. Thor has several highly prospective
projects that give shareholders exposure to uranium, vanadium,
copper, tungsten, lithium, nickel and gold, located in the
favourable mining jurisdictions of Australia and the
USA.
Thor holds 100% interest in three
uranium and vanadium projects (Wedding Bell, Radium Mountain and
Vanadium King) in the Uravan Belt region of Colorado and Utah, with
historical high-grade uranium and vanadium drilling and production
results.
At Alford East in South Australia,
Thor has earnt an 80% interest in oxide copper deposits considered
amenable to extraction via In-Situ Recovery techniques
(ISR). In January 2021, Thor announced an
Inferred Mineral Resource Estimate¹.
Thor also holds a 26.3% interest in
a private Australian copper development company EnviroCopper
Limited (ECL), which Kapunda copper mine and the Alford West copper
project, both situated in South Australia, and both considered
amenable to recovery by way of ISR.²³ Alligator Energy recently invested
A$0.9M for a 7.8% interest in ECL with the rights to gain a 50.1%
interest by investing a further A$10.1m over four years.
Thor holds 100% of the advanced
Molyhil tungsten project, including measured, indicated and
inferred resources⁴, in the
Northern Territory of Australia, which was awarded Major Project
Status by the Northern Territory government in July 2020. Thor
executed a A$8m Farm-in and Funding Agreement with Investigator
Resources Limited (ASX: IVR) to accelerate exploration at the
Molyhil Project on 24 November 2022.5
Thor owns 100% of the Ragged Range
Project, comprising 92 km2 of exploration licences with
highly encouraging early-stage gold and nickel results in the
Pilbara region of Western Australia.
For further information on Thor
Energy and to see an overview of its projects, please visit the
Company's website at https://thorenergyplc.com/.
Notes
1 https://thorenergyplc.com/investor-updates/maiden-copper-gold-mineral-resource-estimate-alford-east-copper-gold-isr-project/
2
www.thorenergyplc.com/sites/thormining/media/pdf/asx-announcements/20172018/20180222-clarification-kapunda-copper-resource-estimate.pdf
³
www.thorenergyplc.com/sites/thormining/media/aim-report/20190815-initial-copper-resource-estimate---moonta-project---rns---london-stock-exchange.pdf
4 https://thorenergyplc.com/investor-updates/molyhil-project-mineral-resource-estimate-updated/
5https://thorenergyplc.com/wp-content/uploads/2022/11/20221124-8M-Farm-in-Funding-Agreement.pdf
The Company notes that for the
relevant market announcements noted above, that it is not aware of
any new information or data that materially affects this
information and that all material assumptions and technical
parameters underpinning any estimates continue to apply and have
not materially changed.
APPENDIX 1: The following tables are provided to ensure
compliance with JORC Code (2012) requirements for exploration
results for the Wedding Bell and Radium Mountain Projects in
Colorado, USA
JORC Code, 2012 Edition - Table 1
Section 1 Sampling Techniques and Data
|
Criteria
|
JORC Code explanation
|
Commentary
|
|
Sampling techniques
|
· Nature and quality of
sampling (eg cut channels, random chips, or specific specialised
industry standard measurement tools appropriate to the minerals
under investigation, such as down hole gamma sondes, or handheld
XRF instruments, etc). These examples should not be taken as
limiting the broad meaning of sampling.
· Include reference to
measures taken to ensure sample representivity and the appropriate
calibration of any measurement tools or systems
used.
· Aspects of the determination
of mineralisation that are Material to the Public
Report.
· In cases where 'industry
standard' work has been done this would be relatively simple (eg
'reverse circulation drilling was used to obtain 1 m samples from
which 3 kg was pulverised to produce a 30 g charge for fire
assay'). In other cases more explanation may be required, such as
where there is coarse gold that has inherent sampling problems.
Unusual commodities or mineralisation types (eg submarine nodules)
may warrant disclosure of detailed information.
|
· Samples comprised a combination of rock chips from in-situ
exposures and grab samples from historic mullock dumps.
· The samples are not considered representative but rather
indicative.
· Samples weighed between 1 and 2kg
· Mineralisation is characterised by the presence of carnotite,
tyuyamunite and malachite allowing sampling to be guided by visual
mineral identification in addition to handheld spectrometer
readings
· Edna Mae samples were sent to ALS USA for analysis -4 acid
multi element ICP-MS +Uranium (ME-MS61U).
· All other samples sent to Hazen in Denver for Uranium
and vanadium analysis only.
|
|
Drilling 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).
|
No drilling reported
|
|
Drill sample 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.
|
No drilling reported
|
|
Logging
|
·
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.
|
Samples were qualitatively
logged.
|
|
Sub- sampling techniques and sample
preparation
|
·
If core, whether
cut or sawn and whether quarter, half or all core
taken.
·
If non-core,
whether riffled, tube sampled, rotary split, etc and whether
sampled wet or dry.
·
For all sample
types, the nature, quality and appropriateness of the sample
preparation technique.
·
Quality control
procedures adopted for all sub-sampling stages to maximise
representivity of 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.
|
Samples comprised a combination of
rock chips from in-situ exposures and grab samples from historic
mullock dumps.
There was no screening or splitting
and no QAQC.
The samples are considered adequate
to provide indication of presence of mineralisation rather than to
quantify it.
|
|
Quality of assay data and laboratory tests
|
·
The nature,
quality and appropriateness of the assaying and laboratory
procedures used and whether 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.
|
· Edna Mae
samples were sent to ALS Laboratory in Reno, USA for 48 element
four acid digest ICP-MS (ME-MS61U).
· All other
samples were sent to Hazen, Denver for initial four acid digest with ICP-AES determination for
uranium and vanadium only. The laboratory technique is considered
total.
· Internal
laboratory control procedures involved duplicate assaying and
internal laboratory standards.
|
|
Verification of sampling and assaying
|
· The verification of
significant intersections by 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.
|
· Sample
results are consistent with field observations.
· No
drillholes reported.
· Primary
data was recorded using field note books and GPS digital
memory.
· All data
is digitally recorded in the company's electronic
database.
|
|
Location of data points
|
· Accuracy and quality of
surveys used to locate drill 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.
|
· Sample
locations were determined by a handheld Garmin 64 GPS with an
accuracy of +/-3m.
· Grid
system is WGS84 UTM zone 12.
· Topographic control using the GPS is suitable for early- stage
exploration.
|
|
Data spacing and distribution
|
· Data spacing for reporting
of Exploration Results.
· 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.
|
· Data
spacing for preliminary exploration work is deemed sufficient on a
first-pass basis to assess areas of potential. Such areas of
potential may be further assessed by more detailed work.
· This data
will not be used for Mineral Resource Estimation.
· There has
been no sample compositing.
|
|
Orientation of data in relation to geological
structure
|
· Whether the orientation of
sampling achieves unbiased sampling of possible structures and the
extent to which this is known, considering the deposit
type.
· If the relationship between
the drilling orientation and the orientation of key mineralised
structures is considered to have introduced a sampling bias, this
should be assessed and reported if material.
|
Orientational bias is not applicable
as no drilling reported.
|
|
Sample security
|
·
The measures
taken to ensure sample security.
|
· Samples
remained in the custody of the supervising geologist from
collection through to delivery to the assay laboratory.
· Samples
are kept in a secure facility.
|
|
Audits or reviews
|
·
The results of
any audits or reviews of sampling techniques and
data.
|
None undertaken. Thor's sampling
procedure conforms to industry standard practice and each assay
program is reviewed internally for any discrepancies.
|
1.1Section 2: Reporting of
Exploration Results
|
Criteria
|
JORC Code explanation
|
Commentary
|
|
Mineral tenement and land tenure status
|
· Type, reference name/number,
location and ownership including agreements or material issues with
third parties such as joint ventures, partnerships, overriding
royalties, native title interests, historical sites, wilderness or
national park and environmental settings.
· 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.
|
Mineral rights are held by the U.S.
Government, who transfers those rights to holders of valid mining
claims located on open ground through the General Mining Law of
1872, as amended by other Federal, State and County regulations.
Claim holders, with a few exceptions that don't apply to this
project, must make annual payments to the government to maintain
their rights. Holder of valid claims can transfer their rights to
others. Surface ownership is also by the U.S. and managed by the
Bureau of Land Management.
Thor's property position consists of
199 unpatented mining claims (approx. 1,663Ha), registered under US
Vanadium Pty Ltd and subsidiaries Standard Minerals LLC.
If Thor meets its' contractual
obligations and keeps the claims in good standing with the US, then
the security of tenure is good.
|
|
Exploration done by other
parties
|
Acknowledgment and appraisal of exploration by other
parties.
|
There are no systems of consistent
data archiving for mineral exploration or exploitation done under
the Mining Law on Federal or on other lands within the State of
Colorado. Furthermore, with some exceptions, there was not, nor is
not, a requirement that explorers provide copies of their data to
governmental agencies. That data was retained by private entities.
It now exists in a piecemeal manner, with the data having been
discarded, abandoned or available by vendors that managed to
acquire and store some of it over the years.
Thor's properties have bountiful
surface evidence of historic drill exploration, and in some cases,
mining exploitation, which appears to be mostly from the 1950's
through the early 1970's. There are several mines located in the
western portion of the property. Unpublished reports list
these mines as producing, in aggregate, over 700,000 lbs (318,181
kg) of uranium. To the author's knowledge, very little of the
historic drilling or mining data is available to Thor, and
certainly not enough to help guide an exploration program.
Anecdotal evidence suggests that some of the work on the property
was done by Union Carbide (now defunct), the largest company that
worked in the Uravan Mineral Belt.
|
|
Geology
|
·
Deposit type,
geological setting and style of mineralisation.
|
According to the USGS Bulletin 1693
(Cox, D.P., and Singer, D. A., eds., 1986), the Deposit Model for
the project is Sandstone Uranium - Tabular subtype.
|
|
Drill hole Information
|
·
A summary of all
information material to the understanding of the exploration
results including a 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.
|
Sampling data is report in Table 1
and location maps provided in report.
|
|
Data aggregation methods
|
· In reporting Exploration
Results, weighting averaging techniques, maximum and/or minimum
grade truncations (eg cutting of high grades) and cut-off grades
are 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.
· assumptions used for any
reporting of metal equivalent
· The values should be clearly
stated.
|
None used
|
|
Relationship between mineralisation widths and intercept
lengths
|
· These relationships are
particularly important in the reporting of Exploration
Results.
· 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').
|
All results are rock chip
samples
|
|
Diagrams
|
·
Appropriate maps
and sections (with scales) and tabulations of intercepts should be
included for any significant discovery being reported These should
include, but not be limited to a plan view of drill hole collar
locations and appropriate sectional views.
|
Appropriate maps and tables are
included in the report.
|
|
Balanced reporting
|
· Where comprehensive
reporting of all Exploration 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.
|
All available results have been
reported
|
|
Other substantive exploration data
|
· Other exploration data, if
meaningful and material, 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.
|
No meaningful or material
information has been omitted from this release.
|
|
Further work
|
· The nature and scale of
planned further work (eg tests for lateral extensions or depth
extensions or large-scale step- out drilling).
· Diagrams clearly
highlighting the areas of possible extensions, including the main
geological interpretations and future drilling areas, provided this
information is not commercially sensitive.
|
· The rock
chip sampling suggests that several areas of potentially economic
mineralization could be investigated in greater detail.
· A couple
of these areas have had historic mining in the vicinity. Maps of
where they mined are scarce, so any delineation work needs to be
cognisant of that mining.
|