TIDMGGP
RNS Number : 6195W
Greatland Gold PLC
13 December 2023
Greatland Gold plc (AIM: GGP)
E: info@greatlandgold.com
W: https://greatlandgold.com
: twitter.com/greatlandgold
NEWS RELEASE | 13 December 2023
Results of Drilling and Ground Geophysical Survey at
Scallywag
Greatland Gold plc (AIM:GGP) (Greatland or the Company) is
pleased to announce the results of its 2023 drilling and
geophysical exploration program at the 100% owned Scallywag
tenement in the Paterson Region of Western Australia. Scallywag is
located adjacent to Greatland's flagship Havieron gold-copper
project.
Highlights
-- Anomalous gold and copper, and key pathfinder metal
geochemistry, returned in assays from all four prospects.
-- A35 prospect returned best gold assay of 1m @ 0.83g/t Au from
238m in A35RD003 and peak copper intercept of 2m @ 0.17% Cu from
310m in A35RD002.
-- Preliminary modelling of the ground magneto-telluric (MT)
data indicates a conductor at depth within a syncline fold
structure along trend from Havieron.
-- Ongoing optimisation of the MT modelling is aimed at
confirming the anomaly as a high priority target for 2024 as well
as improving the understanding of stratigraphy and structure to
identify Telfer style targets in the broader Scallywag
tenement.
Greatland Managing Director, Shaun Day, commented:
"We are happy to report the effective completion of another
phase of geological testing at our 100% owned Scallywag project,
where drilling tested previously defined EM and geological targets,
once again building on our understanding of the structure,
stratigraphy and geochemistry of our landholding.
The ground magneto-telluric survey provides an enhanced
understanding of the geology around the Scallywag syncline target
area and identifies an untested conductor target coincident with a
structural trap which potentially delineates the key structure to
be tested."
Figure 1 : Greatland Paterson Projects, including Scallywag
tenement, on 1vd aeromagnetics
2023 Exploration Program
A total of 10 diamond core holes were completed for 2,517.8m at
the four high priority prospect targets areas of A35, A34, Pearl
and Swan during the 2023 program (Table 1, Figure 2). Work in 2023
focused on completing the reverse circulation (RC) pre-collars with
diamond core (DD) tails, targeting ground EM conductors (Figure 2),
as reported in Greatland's previous RNS of 8 March 2023 titled
"Scallywag Exploration Results". Downhole EM was attempted on each
hole and successfully completed on five holes: A35RD003, PDD003,
PDD005, PDD006 and PRD002. Results showed conductive responses at
the weathering and stratigraphic boundaries, but no significant
off-hole conductors.
A ground magneto-telluric survey was completed over the eastern
part of the licence (Figure 3), to define any conductors under the
deeper (>200m) cover of the major regional synclinal fold
structure and area of previous drilling at Kraken, London and
Blackbeard targets (see RNS of 20 January 2021 titled 'Initial
Scallywag Drill Results and New Targets Identified').
Table 1 :2023 Drilling Completed Scallywag
HOLE Prospect EAST NORTH RL Pre-collar TOTAL DD EOH
Dip Azi (m) (m) (m)
A35RD001 A35 448749 7606497 249 -60 275 113.7 267.6 381.3
---------- ------- -------- ---- ----- ----- ----------- --------- ---------
A35RD002 A35 449021 7606487 249 -60 290 113.9 236.1 350
---------- ------- -------- ---- ----- ----- ----------- --------- ---------
A35RD003 A35 449388 7606476 247 -65 305 204.0 192.0 396
---------- ------- -------- ---- ----- ----- ----------- --------- ---------
A34RD001 A34 447805 7606511 243 -60 105 180.5 139.8 320.3
---------- ------- -------- ---- ----- ----- ----------- --------- ---------
PDD004 Pearl 445520 7607022 249 -65 75 0.0 200.0 200
---------- ------- -------- ---- ----- ----- ----------- --------- ---------
PDD005 Pearl 445469 7607017 249 -62 260 0.0 410.5 410.5
---------- ------- -------- ---- ----- ----- ----------- --------- ---------
PDD006 Pearl 445203 7606773 249 -56 65 0.0 550.0 550
---------- ------- -------- ---- ----- ----- ----------- --------- ---------
PRD002 Pearl 445192 7606708 250 -65 85 104.0 156.9 260.9
---------- ------- -------- ---- ----- ----- ----------- --------- ---------
SWRD005 Swan 446414 7607335 243 -65 85 199.9 143.1 343
---------- ------- -------- ---- ----- ----- ----------- --------- ---------
SWRD004 Swan 445483 7607552 246 -63 107 204.2 221.8 426
---------- ------- -------- ---- ----- ----- ----------- --------- ---------
TOTALS 1,120.20 2,517.8 3,638.00
--------------------- ------- -------- ---- ----- ----- ----------- --------- ---------
Figure 2 : 2023 Scallywag drilling and EM target plates with
historic RC and diamond collars
Table 2: 2023 Completed Scallywag Drilling - gold and copper
intercepts
EOH Au Cu
HOLE East North RL Dip Azimuth (m) From To Interval g/t %
A35RD002 449021 7606487 249 -60 290 350 310 312 2 0.04 0.17%
------- -------- ---- ---- -------- ----- ----- ---- --------- ----- ------
A35RD003 449388 7606476 247 -65 305 396 238 239 1 0.83
------- -------- ---- ---- -------- ----- ----- ---- --------- ----- ------
PDD004 445520 7607022 249 -65 75 200 79 81 2 0.19
------- -------- ---- ---- -------- ----- ----- ---- --------- ----- ------
SWRD005 446414 7607335 243 -65 85 343 239 240 1 0.22
------- -------- ---- ---- -------- ----- ----- ---- --------- ----- ------
Pearl Prospect
Drilling at Pearl intersected stratigraphy interpreted as the
Telfer Member and Puntapunta. The Telfer Member is a mid to shallow
marine sediment with minor carbonate units which is the host rock
to The Telfer orebody.
PDD004 was drilled to twin an interval of high tenor metal
fragments intersected from 77m downhole in PDD003 (see RNS of 8
March 2023 titled "Scallywag Exploration Results"), where poor
drilling recoveries prevented interpretation of their significance.
PDD004 returned weak gold anomalism of 2m @ 0.19g/t Au from 79m in
the correlating position. The pathfinder geochemistry was not
repeated, meaning the PDD003 anomaly may have been the result of
downhole contamination.
Holes PRD002, PDD005 and PDD006 successfully targeted EM
conductor plates from previous electromagnetic surveys.
Drilling intersected a sequence of massive, bedded, variably
calcareous sediments; with minor zones of patchy K-feldspar /
hematitic alteration, veining and faulting, providing some evidence
of hydrothermal fluids and structural porosity. Anomalous
pathfinder elements of copper, arsenic, lead, zinc and nickel, in
addition to elevated bismuth, were recorded.
A34 and A35 Prospects
Diamond core tails at the A34 and A35 prospects successfully
intersected the previously modelled electromagnetic plate
conductors (Table 1). The A34 and A35 drill holes intersected
progressively stronger calcareous units to the east. A35RD003 has a
thick sequence of dolomite which has not been intersected in any
previous Greatland drilling.
The best copper and gold results from the Scallywag drilling
program occurred at the A35 prospect. They are 2m @ 0.17% copper
from 310m in A35RD002 and 1m @ 0.83g/t gold from 238m in A35RD003.
The copper interval from 310m correlates to a structurally
disrupted zone at the contact between a strongly calcareous
limestone unit and sandstones. It features weakly elevated bismuth,
molybdenum, lead, sulphur and antimony, while the gold result was
returned from strong calcareous and iron oxide weathered and
faulted limestone sediments.
The A34 prospect returned limited assays of significance, with a
minor zone of anomalous arsenic and bismuth, and a coincident
anomalous cobalt assay (2m @ 11ppm bismuth and 2m @ 45ppm cobalt)
and elevated molybdenum, sulphur and tellurium in an iron-oxidised,
faulted coarse sandstone.
Swan Prospect
Swan drill hole SWRD004 to the north of the Pearl drill holes
intersected Telfer Member sediments. SWRD005 further east
intersected siliceous sediment but with increased calcareous
units.
SWRD004 tested a zone of moderate carbonate - hematite -
sericite alteration from 388 - 393m with minor quartz, carbonate,
pyrite veining, coinciding with relatively anomalous gold, silver,
arsenic, bismuth, cobalt, sulphur and tungsten. The highest copper
intersection in the hole was recorded as 2m @ 0.04% copper from
391m, with coincident gold (peak 0.023g/t) and bismuth 2m @ 7.8g/t.
These zones are indicative of mineralising fluids within a wider
system.
The interval broadly coincident with the interpreted position of
the EM conductor plate returned a gold assay of 0.22g/t Au from a
1m sample at 239m in SWRD005. It displayed a vuggy calcareous
fault/vein zone, coincident with elevated metal pathfinder
geochemistry of arsenic, chromium, molybdenum, nickel, lead,
antimony, tungsten and zinc in a narrow 2-5m halo.
Ground Magneto-Telluric Survey
Greatland procured a ground magneto-telluric (MT) survey and
modelling over the eastern part of the Scallywag tenement,
comprising the major syncline structure that was the target of
previous Greatland drilling at Kraken, London and Blackbeard
(Figure 3). MT surveys are considered particularly effective in
areas of deep conductive cover as the signal only traverses the
conductive cover once, reducing the deleterious effect that this
has at the receiver(s). A similar survey conducted in 2022 of the
Havieron mining lease successfully detected the Havieron
orebody.
The survey was designed to investigate the parts of the
Scallywag project where thick (>200m) cover sequences exist
which the aerial electromagnetic survey of 2021 did not effectively
penetrate. Nominal station spacing was 500m over key geophysical
targets. A total of 120 stations were collected.
Preliminary modelling appears to show a weak anomalous zone
coincident with a de-magnetised section of the northern limb of the
syncline. Further modelling is underway to improve identification
of the geology under cover.
Ongoing optimisation of the MT modelling is aimed at confirming
the anomaly as a high priority target for 2024 as well as improving
the understanding of stratigraphy and structure to identify Telfer
style targets in the broader Scallywag tenement.
Figure 3 : Ground MT survey grid on background aeromagnetic
image
Further work
The targeted electromagnetic plates were all successfully
intersected, with generally very subtle petrophysical property
changes or structural / mineralisation zones detected.
This round of drilling has provided a line of geological
observations across the prospective Black Hills Anticline (Figure
2) after it plunges under cover to the south. The development of a
two dimensional section across the anticline is in progress, which
when combined with the final MT survey results will inform a
broader three dimensional bedrock geology model of the Scallywag
area including structure.
The objective of this work is to identify the prospective Telfer
Member (which is not geophysically detectable) where it lies within
structural traps under shallow to moderate cover. Any resultant
blind Telfer-style ore body targets along with any confirmed MT
conductors will be targeted for drilling.
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 | +44 203 368
3550
Corporate Brokers
Berenberg | Matthew Armitt / Jennifer Lee | +44 203 368 3550
Canaccord Genuity | James Asensio / George Grainger | +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 world gold major, Newmont Corporation.
Havieron is located approximately 45km east of Newmont's
existing Telfer gold mine. The box cut and decline to the Havieron
orebody commenced in February 2021. Total development now exceeds
2,820m including over 2,030m of advance in the main access decline
(as at 8 October 2023). Subject to a positive feasibility study and
Decision to Mine, Havieron is intended to leverage the existing
Telfer infrastructure and processing plant. Access to Telfer will
de-risk the development and reduces capital expenditure.
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 pertaining to Reporting of
Exploration Results has been reviewed and approved by Mr Damien
Stephens, a Member of the AusIMM, who has more than 30 years
relevant industry experience. Mr Stephens is a full-time employee
of the Company and has a financial interest in Greatland. Mr
Stephens has sufficient experience 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 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 and 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 historical market
announcements, and that the form and context in which the
information has been presented has not been materially
modified.
Appendix 1: All assays above 0.1g/t gold or 0.1% Cu
Hole_ID Depth Depth Au g/t Cu %
From To
A35RD002 222 223 0.03 0.13%
====== ====== ======= =======
A35RD002 310 311 0.02 0.11%
====== ====== ======= =======
A35RD002 311 312 0.07 0.23%
====== ====== ======= =======
A35RD003 238 239 0.83 0.001%
====== ====== ======= =======
BUDJ0004 305 306 0.26 0.003%
====== ====== ======= =======
BUDJ0004 435 436 0.17 0.005%
====== ====== ======= =======
PDD004 79 80 0.19 0.003%
====== ====== ======= =======
PDD004 80 81 0.19 0.002%
====== ====== ======= =======
SWRD005 239 240 0.22 0.005%
====== ====== ======= =======
Note: intercepts were calculated using a 0.1ppm Au or a 0.1%Cu
cut off, minimum interval of 1m and maximum internal waste of
5m.
Appendix 2: JORC Table 1
Section 1 Scallywag Project: Sampling Techniques and Data
Criteria JORC Code Explanation Commentary
Sampling
techniques * Nature and quality of sampling (eg cut channels, * An RC Drill rig was used to drill pre- collars for
random chips, or specific specialised industry follow up tails with a multi-purpose RC-DD rig, or
standard measurement tools appropriate to the the multipurpose rig was used to drill mud rotary
minerals under investigation) from surface to competent ground or through the cover
sequence with a diamond tail completed in competent
ground/basement, to obtain representative samples in
* Include reference to measures taken to ensure sample an industry standard method
representivity and the appropriate calibration of any
measurement tools or systems used
* RC samples consisted of rifle split representative 1m
crushed rock samples with average weights of less
* Aspects of the determination of mineralisation that than 5kg
are Material to the Public Report
* Diamond samples comprise half core material in
* In cases where 'industry standard' work has been done generally 1m lengths (NQ and HQ diameter core. All
this would be relatively simple (eg 'reverse basement and the basal 20m of the Permian cover was
circulation drilling was used to obtain 1 m samples sampled where intersected with Diamond or RC
from which 3 kg was pulverised to produce a 30 g drilling. Core was cut using an automated core-cutter
charge for fire assay'). In other cases more
explanation may be required, such as where there is
coarse gold that has inherent sampling problems. * No regular sampling was completed for mud rotary
Unusual commodities or mineralisation types (eg drilling as the sample is considered contaminated,
submarine nodules) may warrant disclosure of detailed however occasional PXRF readings are taken of the
information slurry for broad prospectivity mapping
* Cutting of core adjacent to downhole orientation line
or, where un-oriented and possible, orthogonal to
visible geological structures such as bedding,
foliation; ensures sample representivity
* 50% of the core is retained for future check logging,
re-sampling and QA/QC
Downhole EM Data Collection:
Vortex Geophysics on behalf
of Greatland Gold undertook
the collection downhole electromagnetic
data. Base frequency 1 Hz
* 3 min. repeat readings
* SMARTem - Standard window timing
* Loop dimensions - 200, 300m
* Loop turns 1(23A35L1,2) or 2
* Station spacing: 10m and 50m
Magneto-telluric (MT) Data
collection:
Nominal station spacing was
500m over key geophysical
targets out to 1km x 1km on
the periphery. A total of
120 stations were collected.
All stations were acquired
overnight, with MT impedance
tensors estimated for the
frequency range 10k-0.01 Hz.
------------------------------------------------------------ -------------------------------------------------------------
Drilling
techniques * Drill type (eg core, reverse circulation, open-hole * RC or mud-rotary pre-collars were followed by HQ then
hammer, rotary air blast, auger, Bangka, sonic, etc) NQ diamond drill core to EOH
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 * The core is oriented using a Reflex mark III tool or
what method, etc) equivalent, nominally every core run (around 3m)
------------------------------------------------------------ -------------------------------------------------------------
Drill
sample * Method of recording and assessing core and chip * Recovery is measured on core and reconciled against
recovery sample recoveries and results assessed driller's depth blocks in each core tray. Basement
core recovery is typically around 100%
* Measures taken to maximise sample recovery and ensure
representative nature of the samples * No specific measures have been taken to maximise
recovery, other than employing skilled drillers
* Whether a relationship exists between sample recovery
and grade and whether sample bias may have occurred * Half core cut at a consistent spacing from
due to preferential loss/gain of fine/coarse material orientation lines assist in sample representivity
* No relationship between recovery and grade has been
observed, except for hole PRDD003 where anomalous
results were coincident with core loss.
* To ensure sample quality from RC drilling, a face
sampling drill bit was used and an attempt was made
to keep the sample dry to avoid downhole smearing.
Where this was not possible the sample was noted as
wet in the sample log. Where this is the case some
potential for sample bias may exist
------------------------------------------------------------ -------------------------------------------------------------
Logging
* Whether core and chip samples have been geologically * The logging is of sufficient quality to support a
and geotechnically logged to a level of detail to Mineral Resource estimate, and comprises a
support appropriate Mineral Resource estimation, combination of quantitative and qualitative features.
mining studies and metallurgical studies The entire hole is logged
* Whether logging is qualitative or quantitative in * Geological logging recorded qualitative descriptions
nature. Core (or costean, channel, etc) photography of lithology, alteration, mineralisation, veining,
and structure including orientation of key geological
features
* The total length and percentage of the relevant
intersections logged
* Geotechnical measurements were recorded including
Rock Quality Designation (RQD), solid core recovery
and qualitative rock strength measurements
* Magnetic susceptibility measurements were recorded
every metre using a KT20 machine
* The bulk density of selected drill core intervals was
determined at site on whole core samples
* Digital data was recorded on site and stored in an
SQL database
* All drill cores were photographed, prior to cutting
and sampling the core
* The ground EM survey data identified several
potential bedrock conductors. These have been
modelled by an expert geophysical Consultant Dave
McInnes from Montana GIS in Maxwell, using the Leroi
Algorithm, to delineate their conductance and
location
* The MT survey modelling was carried out by
Moombarriga Geoscience group.
------------------------------------------------------------ -------------------------------------------------------------
Sub-sampling
techniques * If core, whether cut or sawn and whether quarter, * Drill samples were freighted by road to the
and sample half or all core taken. laboratory. All core is cut with a core saw, and half
preparation core sampled
* If non-core, whether riffled, tube sampled, rotary
split, etc and whether sampled wet or dry * The samples are assayed at Intertek (Perth, WA)
Samples were dried at 105oC, and the bulk of the
samples pulverised (using LM5) to produce a pulped
* For all sample types, the nature, quality and product. Oversize primary samples were crushed and a
appropriateness of the sample preparation technique 3kg subsample then milled with the LM5 mill
* Quality control procedures adopted for all * Sub sampling is reduced to minimum by using total
sub-sampling stages to maximise representivity of sample pulverisation prior to sub sampling wherever
samples possible
* Measures taken to ensure that the sampling is * The sample sizes (2-3kg) are considered appropriate
representative of the in situ material collected, for the material being sampled
including for instance results for field
duplicate/second-half sampling
* Whether sample sizes are appropriate to the grain
size of the material being sampled
------------------------------------------------------------ -------------------------------------------------------------
Quality
of assay * The nature, quality and appropriateness of the * The samples were assayed for Au by a 50gm fire assay
data and assaying and laboratory procedures used and whether and for a multi-element scan using 4 acid digest and
laboratory the technique is considered partial or total MS and OES finish for pathfinder and lithogeochemical
tests elements. The assays are considered total rather than
partial
* For geophysical tools, spectrometers, handheld XRF
instruments, etc, the parameters used in determining
the analysis including instrument make and model, * Greatland QA/QC procedures include using reference
reading times, calibrations factors applied and their samples and field duplicate samples every 25 samples,
derivation, etc in addition to the laboratories in- house QA/QC
methods
* Nature of quality control procedures adopted (eg
standards, blanks, duplicates, external laboratory * Analysis of the quality control sample assay results
checks) and whether acceptable levels of accuracy (ie indicates that an acceptable level of accuracy and
lack of bias) and precision have been established. precision has been achieved and the database contains
no analytical data that has been numerically
manipulated
* Historical drilling- no sampling reported
------------------------------------------------------------ -------------------------------------------------------------
Verification
of sampling * The verification of significant intersections by * A single twin was completed (PDD004) to resample a
and assaying either independent or alternative company personnel. zone of poor recovery intersected in PDD003. The twin
hole intersected competent ground and week anomalism
at the same depth as PDD003
* The use of twinned holes
* All data entry procedures, including original logging,
* Documentation of primary data, data entry procedures, sample depth selection for sampling and recording of
data verification, data storage (physical and sample numbers are recorded digitally in an
electronic) protocols electronic database
* Discuss any adjustment to assay data. * There are no adjustments to assay data, other than
below detection samples are reported at negative one
half the detection limit
------------------------------------------------------------ -------------------------------------------------------------
Location
of data * Accuracy and quality of surveys used to locate drill * Drill collar locations were surveyed using hand held
points holes (collar and down-hole surveys), trenches, mine GPS. RL's were collected with the same GPS
workings and other locations used in Mineral Resource
estimation.
* Drill rig alignment was attained using a hand held
compass
* Specification of the grid system used.
* Downhole survey orientation data was collected every
* Quality and adequacy of topographic control 30m in diamond drill core segments of the drill hole
using a single shot Axis Mining Champ Gyro
* The topography is generally low relief to flat,
elevation within the dune corridors in ranges between
250-265m AHD steepening to the southeast
* All collar coordinates are provided in the Geocentric
Datum of Australian (GDA2020 Zone 51). All relative
depth information is reported in Australian Height
Datum (AHD)
------------------------------------------------------------ -------------------------------------------------------------
Data spacing
and * Data spacing for reporting of Exploration Results * Drill holes are individual exploration holes
distribution targeting specific targets, and are not part of a
grid pattern
* Whether the data spacing and distribution is
sufficient to establish the degree of geological and
grade continuity appropriate for the Mineral Resource * Not applicable in early stage exploration
and Ore Reserve estimation procedure(s) and
classifications applied
* No sample compositing has been applied
* Whether sample compositing has been applied
------------------------------------------------------------ -------------------------------------------------------------
Orientation
of data * Whether the orientation of sampling achieves unbiased * Drilling is oriented at various angles to folded
in relation sampling of possible structures and the extent to layering, and to identified sulphide mineralised
to which this is known, considering the deposit type structures. The relationship to possible mineralised
geological structures is unknown at this stage
structure
* 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
------------------------------------------------------------ -------------------------------------------------------------
Sample * The measures taken to ensure sample security * The security of samples is controlled by tracking
security samples from drill rig to database
* Entire core samples are delivered by company
personnel to a freight company in Port Hedland for
delivery by road freight to the assay lab in Perth,
where the core is cut and sampled
------------------------------------------------------------ -------------------------------------------------------------
Audits * The results of any audits or reviews of sampling * No audits or reviews have been completed
or techniques and data
reviews
------------------------------------------------------------ -------------------------------------------------------------
Section 2 Reporting of Exploration Results
Criteria JORC Code explanation Commentary
Mineral
tenement * Type, reference name/number, location and ownership * The Scallywag tenement E45/4701 is 100% owned by
and land including agreements or material issues with third Greatland Pty Ltd
tenure parties such as joint ventures, partnerships,
status overriding royalties, native title interests,
historical sites, wilderness or national park and * The tenement is subject to a Land Access Agreement
environmental settings with Jamukurnu-Yapalikurnu Aboriginal Corporation
* The security of the tenure held at the time of
reporting along with any known impediments to
obtaining a licence to operate in the area
------------------------------------------------------------ ------------------------------------------------------------
Exploration
done by * Acknowledgment and appraisal of exploration by other * Historical work comprised shallow drilling in the
other parties parties north end of the Scallywag tenement (72 generally
aircore holes, averaging 47.3m deep, 4 RAB holes
(average 68m) and 9 RC holes (average 96.3m) by
companies including Newcrest and Normandy Exploration
Limited.
* Historical reports (WAMEX "A" numbers) are referenced
in previous RNS announcements dated 24 August 2021
and 16 April 2021
------------------------------------------------------------ ------------------------------------------------------------
Geology
* Deposit type, geological setting and style of * Exploration is for intrusion related and orogenic,
mineralisation structurally controlled Au-Cu deposits similar to
Telfer, Havieron and Winu, all located in
Neo-Proterozoic Yeneena Group sediments of the
Paterson Province, Western Australia
------------------------------------------------------------ ------------------------------------------------------------
Drill
hole * A summary of all information material to the * Greatland drill hole collar details are listed in -
Information understanding of the exploration results including a Table 1 and anomalous results in Table 2
tabulation of the following information for all
Material drill holes:
* easting and northing of the drill hole collar
* elevation or RL (Reduced Level - elevation above sea
level in metres) of the drill hole collar
* dip and azimuth of the hole
* down hole length and interception depth
* hole length
* If the exclusion of this information is justified on
the basis that the information is not Material and
this exclusion does not detract from the
understanding of the report, the Competent Person
should clearly explain why this is the case
------------------------------------------------------------ ------------------------------------------------------------
Data
aggregation * In reporting Exploration Results, weighting averaging * No economically significant results have been
methods techniques, maximum and/or minimum grade truncations reported, and no data aggregation methods have been
(eg cutting of high grades) and cut-off grades are applied.
usually Material and should be stated
* Where anomalous results are quoted (Table 2) the
* Where aggregate intercepts incorporate short lengths samples have been selected as follows:
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 * Au >0.1ppm; or
aggregations should be shown in detail
* Cu >0.1%;
* The assumptions used for any reporting of metal
equivalent values should be clearly stated
------------------------------------------------------------ ------------------------------------------------------------
Relationship
between * These relationships are particularly important in the * No economically significant results are reported, and
mineralisation reporting of Exploration Results there is no known relationship between reported
widths widths and the geometry of any mineralisation
and intercept
lengths * If the geometry of the mineralisation with respect to
the drill hole angle is known, its nature should be
reported
* If it is not known and only the down hole lengths are
reported, there should be a clear statement to this
effect (eg 'down hole length, true width not known')
------------------------------------------------------------ ------------------------------------------------------------
Diagrams
* Appropriate maps and sections (with scales) and * Maps and a Section are provided in Figures 1-2. No
tabulations of intercepts should be included for any significant discovery is reported
significant discovery being reported These should
include, but not be limited to a plan view of drill
hole collar locations and appropriate sectional views
------------------------------------------------------------ ------------------------------------------------------------
Balanced
reporting * Where comprehensive reporting of all Exploration * The reporting is considered balanced
Results is not practicable, representative reporting
of both low and high grades and/or widths should be
practiced to avoid misleading reporting of
Exploration Results
------------------------------------------------------------ ------------------------------------------------------------
Other
substantive * Other exploration data, if meaningful and material, * No other substantive exploration data other than that
exploration should be reported including (but not limited to): provided in the figures
data geological observations; geophysical survey results;
geochemical survey results; bulk samples - size and
method of treatment; metallurgical test results; bulk
density, groundwater, geotechnical and rock
characteristics; potential deleterious or
contaminating substances
------------------------------------------------------------ ------------------------------------------------------------
Further
work * The nature and scale of planned further work (eg * Further drilling of any ground MT targets generated
tests for lateral extensions or depth extensions or and follow up from further geological interpretation
large-scale step-out drilling) is planned for 2024, along with geophysical follow
up.
* Diagrams clearly highlighting the areas of possible
extensions, including the main geological
interpretations and future drilling areas, provided
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DRLGPGWCPUPWUQW
(END) Dow Jones Newswires
December 13, 2023 02:00 ET (07:00 GMT)
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