TIDMGGP

RNS Number : 2244T

Greatland Gold PLC

16 March 2023

Greatland Gold plc (AIM: GGP)

E: info@greatlandgold.com

W: https://greatlandgold.com

: twitter.com/greatlandgold

NEWS RELEASE | 16 March 2023

Havieron Exploration and Development Update

Total development at Havieron surpasses 1,850m

Drilling intercepts significant zones of gold and copper mineralisation

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK MARKET ABUSE REGULATIONS. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN .

Greatland Gold plc (AIM:GGP) ("Greatland" or "Company") is pleased to provide an exploration and development update for Havieron, its flagship gold-copper project located in the Paterson Province of Western Australia (Newcrest Mining Limited ("Newcrest") is Greatland's 70% joint venture partner in Havieron).

Highlights

-- Decline development: significant progress continues to be made with total development now exceeding 1,850m including over 1,520m advance of the main access decline

-- Geotechnical conditions: improved geotechnical conditions have enabled increased productivity resulting in development outperforming the current schedule by 10%

-- Drilling results: drilling confirms the presence of high grade gold and copper mineralisation outside the current Mineral Resource with recent results including:

- Northern Breccia: 29.9m @ 3.9g/t Au and 0.01% Cu from 945.1m

- Eastern Breccia: 57m @ 2.1g/t Au and 0.19% Cu from 1,262m

Greatland Managing Director, Shaun Day, commented:

"The Havieron team continues to deliver strong results at the project. Total development has now surpassed 1,850m and pleasingly, decline development is continuing ahead of the current schedule."

"Our most recent drilling activities highlight the potential of high grade mineralisation outside the Southeast Crescent which could add significant value to the mine plan at Havieron with additional gold and copper mineralisation intersected at the Northern and Eastern Breccia zones."

Development Update

The main decline continues to progress ahead of the current schedule having surpassed 1,520m. Decline support excavations for ventilation, services and materials handling takes the total development to over 1,850m.

The total advance is 10% ahead of the current schedule due to improved geotechnical conditions and the ongoing focus on productivity improvements.

Drilling Update

Drilling activities at Havieron recommenced at the beginning of February 2023 with three drill rigs onsite and four holes completed for a total of 5,214m. This most recent drilling takes the total drilling at the project to 331 holes for 293,878m.

Drilling has targeted growth opportunities within the Havieron mineral system at the Eastern Breccia and Northern Breccia domains with step out drilling to investigate near mine geophysical targets ongoing. The focus has now shifted to the evaluation of the deeper portions of the existing Southeast Crescent Mineral Resource, with drillholes HAD133W10, HAD171 and HAD172 completed since the beginning of February 2023 (see Figures 2 and 3).

New assay results have been received for four new drill holes along with final assays for lower priority areas from three holes completed in late 2022 (see Figures 1 and 2). Of these results, one hole within the Northern Breccia and one within the Eastern Breccia returned significant assay intercepts in excess of 50-gram metres of gold (Au ppm x length metres).

Figure 1 : 3D plan view schematic showing the spatial association of the current growth targets within the Havieron Deposit, Southeast Crescent, Northern Breccia, Northwest Pod and Eastern Breccia targets in relation to the existing mineralised extents. Also highlighted are all newly reported drilling result locations.

Northern Breccia

At the Northern Breccia (see Figures 1, 3 and 5), HAD098W9 was aimed at extending a zone of previously identified high-grade mineralisation. Encouragingly, the drill hole successfully intercepted several zones of mineralisation including 29.9m @ 3.9g/t Au and 0.01% Cu from 945.1m.

Eastern Breccia

At the Eastern Breccia (see Figures 1, 3 and 4), HAD164W3 was aimed at testing the intersection with the Northern Breccia mineralisation. This drillhole successfully intercepted two significant zones of mineralisation:

-- The upper zone which is situated over 200m vertically above the existing Mineral Resource - 57m @ 2.1g/t Au and 0.19% Cu from 1,262m including 10m @ 8.5g/t Au and 0.29% Cu from 1,307m

-- The lower copper rich zone confirms the Mineral Resource at that position - 34m @ 0.8g/t Au and 0.61% Cu from 1,438m

Figure 2 : Schematic plan view map showing announced section locations, drill hole locations and significant intercepts reported in this release superimposed on the interpreted geology horizontal slice at level 3850mRL. (Previously reported holes are not shown for the sake of clarity. Note some holes and results appear on multiple sections due to the sections' orientation and overlap.)

Near-Mine Step Out

The two near-mine drillholes (HAD169 and HAD170) were part of a recent programme evaluating geophysical targets outside of the Havieron mineral system. While no significant results were returned, the geological information derived from these more remote holes will be valuable in informing and improving the Havieron targeting models.

Figure 3 : Plan view schematic of a horizontal slice at 3850mRL through Havieron Mineral System, showing the extents of the 0.5g/t Au, 1.0 g/t Au and 2.0g/t Au LeapfrogTM grade shells with highlighted newly reported intercepts for this period. This diagram displays recent drilling and new assay results >50gram metres intersections. Refer to the inset diagram for relationship to all Havieron drilling.

Figure 4 : Schematic cross section of geology and recent drilling with significant new drillhole intercepts (looking northwest, Section Line S1, +/-100m section width, as shown in Figure 1 above). Due to section window size and orientation holes may appear on multiple sections. This diagram highlights >50gram metres intersections drilled during the period .

Figure 5 : Schematic cross section of geology and significant new drillhole intercepts (looking northwest, Section Line S2, +/-100m section width, as shown in Figure 1 above). Due to section window size and orientation holes may appear on multiple sections. This diagram highlights >50gram metres intersections drilled during the period .

Contact

For further information, please contact:

Greatland Gold plc

Shaun Day, Managing Director | info@greatlandgold.com

Nominated Advisor

SPARK Advisory Partners

Andrew Emmott / James Keeshan / Neil Baldwin

greatlandgold@sparkapl.com | +44 203 368 3550

Corporate Brokers

Berenberg | Matthew Armitt / Jennifer Lee | +44 203 368 3550

Canaccord Genuity | James Asensio / Patrick Dolaghan | +44 207 523 8000

SI Capital Limited | Nick Emerson / Sam Lomanto | +44 148 341 3500

Media Relations

UK - Gracechurch Group | Harry Chathli / Alexis Gore / Henry Gamble | +44 204 582 3500

Australia - Fivemark Partners | Michael Vaughan | +61 422 602 720

About Greatland

Greatland is a mining development and exploration company focused primarily on precious and base metals.

The Company's flagship asset is the world-class Havieron gold-copper project in the Paterson Province of Western Australia, discovered by Greatland and presently under development in joint venture with ASX gold major, Newcrest Mining Limited.

Havieron is located approximately 45km east of Newcrest's existing Telfer gold mine. The box cut and decline to the Havieron orebody commenced in February 2021 and continues to accelerate with project record advancement achieved in the December 2022 quarter. Havieron is intended to leverage the existing Telfer infrastructure and processing plant. Access to Telfer will de-risk the development, reduce capital expenditure and lower the project's carbon footprint.

Greatland has a proven track record of discovery and exploration success and is pursuing the next generation of tier-one mineral deposits by applying advanced exploration techniques in under-explored regions. Greatland has a number of exploration projects across Western Australia and in parallel to the development of Havieron is focused on becoming a multi-commodity miner of significant scale.

Competent Persons Statement

Information in this announcement has been reviewed and approved by Mr Damien Stephens, a Member of the Australian Institute of Mining and Metallurgy (AUSIMM), who has more than 25 years relevant industry experience. Mr Stephens, an employee of the Company, has sufficient experience relevant to the style of mineralisation, type of deposit under consideration, and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and under the AIM Rules - Note for Mining and Oil & Gas Companies, which outline standards of disclosure for mineral projects. Mr Stephens consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears. Mr Stephens confirms that the Company is not aware of any new information or data that materially affects the information included in the relevant market announcements, and that the form and context in which the information has been presented has not been materially modified.

APPIX 1

Havieron Joint Venture: JORC Table 1

Section 1 Sampling Techniques and Data

 
 Criteria                     Commentary 
===========================  ========================================================== 
 Sampling techniques          Core samples are obtained from core drilling 
                               in Proterozoic basement lithologies. PQ-HQ and 
                               NQ diameter core was drilled on a 6m run. Core 
                               was cut using an automated core-cutter and half 
                               core sampled at 1m intervals with breaks for 
                               major geological changes. Sampling intervals 
                               range from 0.2 - 1.0m. Cover sequences were 
                               not sampled. 
===========================  ========================================================== 
 Drilling techniques          Permian Paterson Formation cover sequence was 
                               drilled using mud rotary drilling. Depths of 
                               cover typically observed to approximately 420m 
                               vertically below surface. Steel casing was emplaced 
                               to secure the pre-collar. 
                               Core drilling was advanced from the base of 
                               the cover sequence with PQ3, HQ3 and NQ2 diameter 
                               coring configuration. 
                               Core from inclined drill holes is oriented on 
                               3m and 6m runs using an electronic core orientation 
                               tool (Reflex ACTIII). At the end of each run, 
                               the bottom of hole position is marked by the 
                               driller, which is later transferred to the whole 
                               drill core run length with a bottom of hole 
                               reference line. 
===========================  ========================================================== 
 Drill sample recovery        Core recovery is systematically recorded from 
                               the commencement of coring to end of hole, by 
                               reconciling against driller's depth blocks in 
                               each core tray with data recorded in the database. 
                               Drillers depth blocks provided the depth, interval 
                               of core recovered, and interval of core drilled. 
                               Core recoveries were typically 100%, with isolated 
                               zones of lower recovery. 
                               Cover sequence drilling by the mud-rotary drilling 
                               did not yield recoverable samples. 
===========================  ========================================================== 
 Logging                      Geological logging recorded qualitative descriptions 
                               of lithology, alteration, mineralisation, veining, 
                               and structure for all core drilled, including 
                               orientation of key geological features. 
                               Geotechnical measurements were recorded including 
                               Rock Quality Designation (RQD) fracture frequency, 
                               solid core recovery and qualitative rock strength 
                               measurements. 
                               Magnetic susceptibility measurements were recorded 
                               every metre. The bulk density of selected drill 
                               core intervals was determined at site on whole 
                               core samples. 
                               All geological and geotechnical logging was 
                               conducted at the Havieron site. 
                               Digital data logging was captured on diamond 
                               drill core intervals only, and all data validated 
                               and stored in an acQuire database. 
                               All drill cores were photographed, prior to 
                               cutting and/or sampling the core. 
                               The logging is of sufficient quality to support 
                               Mineral Resource estimates. 
===========================  ========================================================== 
 Sub-sampling techniques      Sampling, sample preparation and quality control 
  and sample preparation       protocols are considered appropriate for the 
                               material being sampled. 
                               Core was cut and sampled at the Havieron core 
                               processing facility. Half core samples of between 
                               0.2 and 2.0 m were collected in pre-numbered 
                               calico bags and grouped in plastic bags for 
                               dispatch to the laboratory. Sample weights typically 
                               varied from 0.5 to 8kg. Sample sizes are considered 
                               appropriate for the style of mineralisation. 
                               Drill core samples were freighted by air and 
                               road to the laboratory. 
                               Sample preparation was conducted at the independent 
                               I SO17025 accredited Intertek Laboratory, Perth 
                               (Intertek). Samples were dried at 105(o) C, 
                               and crushed to 95% passing 4.75mm, and the split 
                               to obtain up to 3kg sub-sample, which was pulverised 
                               (using LM5) to produce a pulped product with 
                               the minimum standard of 95% passing 106<MU>m. 
                               Routine grind size analysis is conducted. 
                               Duplicate samples were collected from crush 
                               and pulp samples at a rate of 1:20. Duplicate 
                               results show an acceptable level of variability 
                               for the material sampled and style of mineralisation. 
                               Periodic size checks (1:20) for crush and pulp 
                               samples and sample weights are provided by the 
                               laboratory and recorded in the acQuire database. 
===========================  ========================================================== 
 Quality of assay             Assaying of drill core samples was conducted 
  data and laboratory          at Intertek. All samples were assayed for 48 
  tests                        elements using a 4-acid digestion followed by 
                               ICP-AES/ICP-MS determination (method 4A/MS907), 
                               which is considered to provide a total assay 
                               for copper. Gold analyses were determined by 
                               50g fire assay with AAS finish (method FA50N/AA), 
                               which is considered to provide a total assay 
                               for gold. 
                               Sampling and assaying quality control procedures 
                               consisted of inclusion of certified reference 
                               material (CRMs), coarse residue and pulp duplicates 
                               with each batch (at least 1:20). 
                               Assays of quality control samples were compared 
                               with reference samples in acQuire database and 
                               verified as acceptable prior to use of data 
                               from analysed batches. 
                               Laboratory quality control data, including laboratory 
                               standards, blanks, duplicates, repeats and grind 
                               size results are captured in the acQuire database 
                               and assessed for accuracy and precision for 
                               recent data. 
                               Extended quality control programmes including 
                               pulp samples submitted to an umpire laboratory 
                               and combined with more extensive re-submission 
                               programmes have been completed. 
                               Analysis of the available quality control sample 
                               assay results indicates that an acceptable level 
                               of accuracy and precision has been achieved 
                               and the database contains no analytical data 
                               that has been numerically manipulated. 
                               The assaying techniques and quality control 
                               protocols used are considered appropriate for 
                               the data to be used for reporting exploration 
                               drilling results. 
===========================  ========================================================== 
 Verification of sampling     Sampling intervals defined by the geologist 
  and assaying                 are electronically assigned sample identification 
                               numbers prior to core cutting. Corresponding 
                               sample numbers matching pre-labelled calico 
                               bags are assigned to each interval. 
                               All sampling and assay information were stored 
                               in a secure acQuire database with restricted 
                               access. 
                               Electronically generated sample submission forms 
                               providing the sample identification number accompany 
                               each submission to the laboratory. Assay results 
                               from the laboratory with corresponding sample 
                               identification are loaded directly into the 
                               acQuire database. 
                               Assessment of reported significant assay intervals 
                               was verified by re-logging of diamond drill 
                               core intervals and assessment of high resolution 
                               core photography. The verification of significant 
                               intersections has been completed by company 
                               personnel and the Competent Person/Qualified 
                               Person. 
                               No adjustments are made to assay data, and no 
                               twinned holes have been completed. 
                               There are no currently known drilling, sampling, 
                               recovery, or other factors that could materially 
                               affect the accuracy or reliability of the data. 
===========================  ========================================================== 
 Location of data             Drill collar locations were surveyed using a 
  points                       differential GPS with GNSS with a stated accuracy 
                               of +/- 0.5m for all drill holes reported. 
                               Drill rig alignment was attained using an electronic 
                               azimuth aligner. Downhole survey was collected 
                               at 6-12m intervals in the cover sequence, and 
                               every 6 to 30m in diamond drill core segments 
                               of the drill hole using single shot (Axis Mining 
                               Champ Gyro). The single shot surveys have been 
                               validated using continuous survey to surface 
                               (Axis Mining Champ) along with a selection of 
                               drill holes re-surveyed by an external survey 
                               contactor using a DeviGyro tool - confirming 
                               sufficient accuracy for downhole spatial recording. 
                               A LIDAR survey was completed over the project 
                               area in Nov 2019 which was used to prepare a 
                               DEM / topographic model for the project with 
                               a spatial accuracy of +/- 0.1m vertical and 
                               +/- 0.3m horizontal. The topography is generally 
                               low relief to flat, elevation within the dune 
                               corridors in ranges between 250-265m Australian 
                               Height Datum (AHD) steepening to the southeast. 
                               All collar coordinates are provided in the Geocentric 
                               Datum of Australian (GDA20 Zone 51). All relative 
                               depth information is reported in AHD +5000m. 
===========================  ========================================================== 
 Data spacing and             Within the South East Crescent and Breccia zone 
  distribution                 drill hole spacing ranges from 50 to 100m, to 
                               50 by 50m within the resource extents. Outside 
                               the initial resource boundary drill hole spacing 
                               ranges from 50 to 200m in lateral extent within 
                               the breccia zone over an area of 2km(2) . The 
                               data spacing is sufficient to establish the 
                               degree of geological and grade continuity. 
                               Significant assay intercepts remain open. Further 
                               drilling is required to determine the extent 
                               of currently defined mineralisation. No sample 
                               compositing is applied to samples. 
                               Drilling intersects mineralisation at various 
                               angles. 
===========================  ========================================================== 
 Orientation of data          Drill holes exploring the extents of the Havieron 
  in relation to geological    mineral system intersect moderately dipping 
  structure                    carbonate and siliciclastic sedimentary facies, 
                               mineralised breccia and sub-vertical intrusive 
                               lithologies. Geological modelling has been interpreted 
                               from historic and Newcrest drill holes. 
                               Variable brecciation, alteration and sulphide 
                               mineralisation is observed within a footprint 
                               with dimensions of 650m x 350m trending in a 
                               north west orientation and over 1000m in vertical 
                               extent below cover. 
                               The subvertical southeast high grade arcuate 
                               crescent sulphide zone has an average thickness 
                               of 20m and has been defined over a strike length 
                               of up to 550m, and extended to over 700m in 
                               vertical extent below cover. 
                               Drilling direction is oriented to intersect 
                               the steeply dipping high-grade sulphide mineralisation 
                               zones at an intersection angle of greater than 
                               40 degrees. The drilled length of reported intersections 
                               is typically greater than true width of mineralisation. 
===========================  ========================================================== 
 Sample security              The security of samples is controlled by tracking 
                               samples from drill rig to database. 
                               Drill core was delivered from the drill rig 
                               to the Havieron core yard every shift. On completion 
                               of geological and geotechnical logging, core 
                               processing was completed by Newcrest personnel 
                               at the Havieron facility. 
                               High resolution core photography and cutting 
                               of drill core was undertaken at the Havieron 
                               core processing facilities. 
                               Samples were freighted in sealed bags by air 
                               and road to the Laboratory, and in the custody 
                               of Newcrest representatives. Sample numbers 
                               are generated directly from the database. All 
                               samples are collected in pre-numbered calico 
                               bags. 
                               Verification of sample numbers and identification 
                               is conducted by the laboratory on receipt of 
                               samples, and sample receipt advise issued to 
                               Newcrest. 
                               Details of all sample movement are recorded 
                               in a database table. Dates, Hole ID sample ranges, 
                               and the analytical suite requested are recorded 
                               with the dispatch of samples to analytical services. 
                               Any discrepancies logged at the receipt of samples 
                               into the analytical services are validated. 
===========================  ========================================================== 
 Audits or reviews            Internal reviews of core handling, sample preparation 
                               and assays laboratories were conducted on a 
                               regular basis by both project personnel and 
                               owner representatives. 
                               In the Competent Person's opinion, the sample 
                               preparation, security and analytical procedures 
                               are consistent with current industry standards 
                               and are entirely appropriate and acceptable 
                               for the styles of mineralisation identified 
                               and will be appropriate for use in the reporting 
                               of exploration results and Mineral Resource 
                               estimates. There are no identified drilling, 
                               sampling or recovery factors that materially 
                               impact the adequacy and reliability of the results 
                               of the drilling programme in place at Havieron. 
===========================  ========================================================== 
 

Section 2 Reporting of Exploration Results

 
 Criteria                  Commentary 
========================  ============================================================= 
 Mineral tenement          Havieron is entirely contained within mining 
  and land tenure status    tenement M45/1287, which is jointly owned by 
                            Greatland Pty Ltd and Newcrest Operations Limited. 
                            Newcrest has entered into a Joint Venture Agreement 
                            (effective 30 November 2020) and Farm-In Agreement 
                            (effective 12 March 2019) with Greatland Pty 
                            Ltd and Greatland Gold plc. Newcrest is the 
                            manager of Havieron and holds a 70% interest 
                            (Greatland Gold holds a 30% interest). 
                            Newcrest and Jamukurnu-Yapalikurnu Aboriginal 
                            Corporation (JYAC, formerly WDLAC) are parties 
                            to an ILUA which relates to the use of native 
                            title land for Newcrest's current operations 
                            at Telfer and its activities within a 60km radius 
                            around Telfer and includes its exploration activities 
                            at Havieron. The parties have agreed that the 
                            ILUA will apply to any future development activities 
                            by the Joint Venture Participants (Newcrest 
                            and Greatland Gold) at Havieron. 
                            The mining tenement M45/1287 wholly replaces 
                            the 12 sub-blocks of exploration tenement E45/4701 
                            (former part of the exploration tenement on 
                            which the Havieron Project is based) and was 
                            granted on 10 September 2020. 
========================  ============================================================= 
 Exploration done          Newcrest completed six core holes in the vicinity 
  by other parties          of Havieron from 1991 to 2003. Greatland Gold 
                            completed drill targeting and drilling of nine 
                            Reverse Circulation (RC) drill holes with core 
                            tails for a total of approximately 6,800m in 
                            2018. Results of drilling programmes conducted 
                            by Greatland Gold have previously been reported 
                            on the Greatland Gold website. 
                            Drilling has defined an intrusion-related mineral 
                            system with evidence of breccia and massive 
                            sulphide-hosted higher-grade gold-copper mineralisation. 
========================  ============================================================= 
 Geology                   Havieron is located within the north-western 
                            exposure of the Palaeo-Proterozoic to Neoproterozoic 
                            Paterson Orogen (formerly Paterson Province), 
                            45 km east of Telfer. The Yeneena Supergroup 
                            hosts the Havieron prospect and consists of 
                            a 9km thick sequence of marine sedimentary rocks 
                            and is entirely overlain by approximately 420m 
                            of Phanerozoic sediments of the Paterson Formation 
                            and Quaternary aeolian sediments. 
                            Gold and copper mineralisation at Havieron consist 
                            of breccia, vein and massive sulphide replacement 
                            gold and copper mineralisation typical of intrusion-related 
                            and skarn styles of mineralisation. Mineralisation 
                            is hosted by metasedimentary rocks (meta-sandstones, 
                            meta-siltstones and meta-carbonate) and intrusive 
                            rocks of an undetermined age. The main mineral 
                            assemblage contains well developed pyrrhotite-chalcopyrite 
                            and pyrite sulphide mineral assemblages as breccia 
                            and vein infill, and massive sulphide lenses. 
                            The main mineralisation event is associated 
                            with amphibole-carbonate-biotite-sericite-chlorite 
                            wall rock alteration. Drilling has partially 
                            defined the extents of mineralisation which 
                            are observed over 650m by 350m within an arcuate 
                            shaped mineralised zone, and to depths of up 
                            to 1400m below surface. 
========================  ============================================================= 
 Drill hole Information    As provided. 
========================  ============================================================= 
 Data aggregation          Significant assay intercepts are reported as 
  methods                   (A) length-weighted averages exceeding 1.0g/t 
                            Au greater than or equal to 10m, with a maximum 
                            of 5m consecutive internal dilution; and (B) 
                            length-weighted averages exceeding 0.2g/t Au 
                            for greater than or equal to 20m, with a maximum 
                            of 10m consecutive internal dilution with a 
                            final grade greater than 0.5g/t Au, and (C) 
                            intervals of >30g/t which are greater or equal 
                            to 30 gram metres (Au_ppm x length). No top 
                            cuts are applied to intercept calculations. 
========================  ============================================================= 
 Relationship between      Significant assay intervals reported represent 
  mineralisation widths     apparent widths. Drilling is not always perpendicular 
  and intercept lengths     to the dip of mineralisation and true widths 
                            are less than downhole widths. Estimates of 
                            true widths will only be possible when all results 
                            are received, and final geological interpretations 
                            have been completed. 
========================  ============================================================= 
 Diagrams                  As provided. 
========================  ============================================================= 
 Balanced reporting        Earlier results of exploration programs conducted 
                            by Newcrest and Greatland Gold have previously 
                            been reported. Exploration drilling programmes 
                            are ongoing and further material results will 
                            be reported in subsequent Newcrest releases. 
========================  ============================================================= 
 Other substantive         Nil 
  exploration data 
========================  ============================================================= 
 Further work              Growth drilling targets the extensions of the 
                            30 June 2022 Indicated and Inferred Mineral 
                            Resource estimate and to define the limits of 
                            the Havieron mineralised system. 
========================  ============================================================= 
 

APPIX 2

Drillhole Data and Au- Cu Significant Intersections for Havieron Joint Venture

Reporting Criteria: Intercepts reported are downhole drill width (not true width) Au >0.20ppm (0.2g/t Au) and minimum 20m downhole width with maximum consecutive internal dilution of 10m. Average grades are based on length-weighting of samples grade, and only those intercepts with average grades above 0.5g/t Au are reported. Also highlighted are high grade intervals of Au >1.0ppm (1g/t Au) and minimum 10m downhole width with maximum consecutive internal dilution of 5m, and intervals of >30g/t which are greater or equal to 30 gram metres (Au_ppm x length) are tabled. Gold and copper grades are reported to two significant figures, the downhole lengths are rounded to 0.1m which may cause some apparent discrepancies in interval widths. Samples are from core drilling which is PQ, HQ or NQ in diameter. Core is photographed and logged by the geology team before being cut. Half core PQ, HQ and NQ samples are prepared for assay and the remaining material is retained in the core farm for future reference. Each assay batch is submitted with duplicates and standards to monitor laboratory quality. Total depth (end of hole) is rounded to one decimal place for reporting purposes. Collars denoted with a ** show partial results, with any further significant assays to be reported in subsequent updates.

 
    Hole        Hole     Easting     Northing    RL    Total    Azimuth           From     To    Interval    Au      Cu     Cut 
      ID        Type        (m)         (m)      (m)    Depth              Dip     (m)     (m)      (m)     (ppm)   (pct)   off 
                                                         (m) 
              =======  ===========  =========  =====  =======  ========  ======  ======  =====  =========  ======  ====== 
  HAD087W1     MR-DD      464338     7598259    5258   1603.1     222      -70                   Assays Pending 
------------  -------  -----------  ---------  -----  -------  --------  ------  ---------------------------------------------- 
 HAD098W8**    MR-DD      463591     7597381    5264   1540.1     38       -61    1347    1540       No Significant Results 
------------  -------  -----------  ---------  -----  -------  --------  ------          -----  ------------------------------- 
                                                                                                                            0.2 
                                                                                                                            g/t 
  HAD098W9     MR-DD      463591     7597381    5264   1666.1     38       -61     786    836       50      0.66    0.11    Au 
------------  -------  -----------  ---------  -----  -------  --------  ------          -----  ---------  ------  ------  ---- 
                                                                                                                            1.0 
                                                                                                                            g/t 
  HAD098W9     MR-DD                                                      incl.    788    798       10       1.3    0.21    Au 
------------  -------  -----------  ---------  -----  -------  --------  ------  ------  -----  ---------  ------  ------  ---- 
                                                                                                                            0.2 
                                                                                                                            g/t 
  HAD098W9     MR-DD                                                              945.1   975      29.9      3.9    0.01    Au 
------------  -------  -----------  ---------  -----  -------  --------  ------  ------  -----  ---------  ------  ------  ---- 
                                                                                                                            0.2 
                                                                                                                            g/t 
  HAD098W9     MR-DD                                                               989    1027      38      0.84    0.09    Au 
------------  -------  -----------  ---------  -----  -------  --------  ------  ------  -----  ---------  ------  ------  ---- 
                                                                                                                            0.2 
                                                                                                                            g/t 
  HAD098W9     MR-DD                                                              1138    1210      72      0.29    0.16    Au 
------------  -------  -----------  ---------  -----  -------  --------  ------  ------  -----  ---------  ------  ------  ---- 
  HAD098W9     MR-DD                                                              1589    1666           Assays Pending 
------------  -------  -----------  ---------  -----  -------  --------  ------  ------  -----  ------------------------------- 
  HAD133W10    MR-DD    464071.823   7598317    5257    1483      173      -65                   Assays Pending 
------------  -------  -----------  ---------  -----  -------  --------  ------  ---------------------------------------------- 
  HAD134W2     MR-DD      464778     7598425    5258   1774.1     225      -66                   Assays Pending 
------------  -------  -----------  ---------  -----  -------  --------  ------  ---------------------------------------------- 
  HAD152W6     MR-DD      463401     7597059    5254    1846      33       -64                   Assays Pending 
------------  -------  -----------  ---------  -----  -------  --------  ------  ---------------------------------------------- 
  HAD161**     MR-DD      463407     7597519    5263    1518      38       -61    1410    1518       No Significant Results 
------------  -------  -----------  ---------  -----  -------  --------  ------          -----  ------------------------------- 
  HAD161W1     MR-DD      463407     7597519    5263    1618      38       -61                   Assays Pending 
------------  -------  -----------  ---------  -----  -------  --------  ------  ---------------------------------------------- 
                                                                                                                            0.2 
                                                                                                                            g/t 
  HAD164W3     MR-DD      464444     7598227    5258   1738.3     220      -79    1262    1319      57       2.1    0.19    Au 
------------  -------  -----------  ---------  -----  -------  --------  ------  ------  -----  ---------  ------  ------  ---- 
                                                                                                                            1.0 
                                                                                                                            g/t 
                                                                          incl.   1284    1299      15       1.9    0.43    Au 
 --------------------  -----------  ---------  -----  -------  --------  ------  ------  -----  ---------  ------  ------  ---- 
                                                                                                                            1.0 
                                                                                                                            g/t 
                                                                          incl.   1307    1317      10       8.5    0.29    Au 
 --------------------  -----------  ---------  -----  -------  --------  ------  ------  -----  ---------  ------  ------  ---- 
                                                                                                                            0.2 
                                                                                                                            g/t 
                                                                                  1438    1472      34      0.83    0.61    Au 
 --------------------  -----------  ---------  -----  -------  --------  ------  ------  -----  ---------  ------  ------  ---- 
                                                                                                                            0.2 
                                                                                                                            g/t 
                                                                                  1512    1555      43      0.25      0     Au 
 --------------------  -----------  ---------  -----  -------  --------  ------  ------  -----  ---------  ------  ------  ---- 
                                                                                                                            0.2 
                                                                                                                            g/t 
                                                                                  1567    1625      58      0.84    0.03    Au 
 --------------------  -----------  ---------  -----  -------  --------  ------  ------  -----  ---------  ------  ------  ---- 
                                                                                                                            1.0 
                                                                                                                            g/t 
                                                                          incl.   1611    1621      10       3.5    0.06    Au 
 --------------------  -----------  ---------  -----  -------  --------  ------  ------  -----  ---------  ------  ------  ---- 
                                                                                                                            0.2 
                                                                                                                            g/t 
  HAD166W2     MR-DD    464337.59    7598259    5258    1773      218      -81    1390    1413      23       0.5    0.19    Au 
------------  -------  -----------  ---------  -----  -------  --------  ------  ------  -----  ---------  ------  ------  ---- 
                                                                                                                            0.2 
                                                                                                                            g/t 
                                                                                  1575    1635      60       0.5    0.05    Au 
 --------------------  -----------  ---------  -----  -------  --------  ------  ------  -----  ---------  ------  ------  ---- 
   HAD169      MR-DD      464308     7597211    5260    865       76       -56               No Significant Results 
------------  -------  -----------  ---------  -----  -------  --------  ------  ---------------------------------------------- 
   HAD170      MR-DD      463275     7598285    5254   780.7      60       -60               No Significant Results 
------------  -------  -----------  ---------  -----  -------  --------  ------  ---------------------------------------------- 
   HAD171      MR-DD      463672     7596940    5255   1809.6     26       -62                   Assays Pending 
------------  -------  -----------  ---------  -----  -------  --------  ------  ---------------------------------------------- 
   HAD172      MR-DD      464463     7598018    5257   1543.2     217      -72                   Assays Pending 
------------  -------  -----------  ---------  -----  -------  --------  ------  ---------------------------------------------- 
  HAD172W1     MR-DD      464463     7598018    5257    1522      217      -72                   Assays Pending 
============  =======  ===========  =========  =====  =======  ========  ======  ============================================== 
 

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March 16, 2023 06:21 ET (10:21 GMT)

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