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To: LoneClone who wrote (163326)1/28/2022 3:13:44 PM
From: LoneClone  Read Replies (1) | Respond to of 192641
 
Novo Resources Exploration Update

ca.finance.yahoo.com

Novo Resources Corp.
Fri, January 28, 2022, 7:18 a.m.·22 min read

Growing a diversified and exciting gold and battery metals portfolio across Western Australia and Victoria

Figure 1



Novo tenure and priority prospects – Pilbara, Western Australia.
Novo tenure and priority prospects – Pilbara, Western Australia.Figure 2



Location map for NGP showing Novo tenure and priority prospects.
Location map for NGP showing Novo tenure and priority prospects.Figure 3



Rock chip sampling results from December 2021 mapping at Genie.)
Rock chip sampling results from December 2021 mapping at Genie.)Figure 4



Map of historical and Novo significant intercepts at Parnell and Vulture prospect to date.
Map of historical and Novo significant intercepts at Parnell and Vulture prospect to date.Figure 5



Summary map of northern Egina tenements, showing Novo targets and main regional gold deposits, draped over regional greyscale aeromagnetic image.
Summary map of northern Egina tenements, showing Novo targets and main regional gold deposits, draped over regional greyscale aeromagnetic image.Figure 6

Base-metal and battery-metal targets in the West Pilbara tenements, showing current mines and discoveries.
Base-metal and battery-metal targets in the West Pilbara tenements, showing current mines and discoveries.Figure 7



Southcourt Cu soil geochemistry (pXRF) with overlapping Co (white shape) anomaly and VTEM conductors (white-dashed circles).
Southcourt Cu soil geochemistry (pXRF) with overlapping Co (white shape) anomaly and VTEM conductors (white-dashed circles).Figure 8



Lepidolite-rich sample from mapping program (sample W10129).

HIGHLIGHTS

  • Very large portfolio of Western Australian tenements (approximately 12,500 sq km) highly prospective for conglomerate and orogenic/intrusion-related gold deposits, base-metals and battery-metals (Ni, Cu, Co, Li, Ta, PGE, Zn and Ag)

  • Accelerating near-mine exploration programs at Nullagine Gold Project (“NGP”), with a 20,000 m reverse circulation (“RC”) drill program underway and completion expected in H1 2022

  • Successful programs and significant results from initial RC drill programs at Genie1 and the Parnell-Vulture Trend2 in the East Pilbara. More recent drill results (not necessarily representative of mineralization throughout the East Pilbara region) from Genie include:

  • 13 m at 2.78 g/t gold from 1 m

  • 22 m at 1.61 g/t gold from 8 m

  • 7 m at 4.57 g/t gold from 47 m

  • 12 m at 2.45 g/t gold from 6 m

  • New orogenic gold/intrusion-related and conglomerate-hosted gold targets identified in 2021 across regional exploration programs including Golden Eye (conglomerate) and Becher, Becher Southeast, and Irvine (orogenic vein systems) in addition to the sanukitoid intrusive targets along strike from De Grey Mining’s Hemi deposit and Catia (orogenic vein target)

  • New battery-metal and base-metal targets identified including Purdy’s North (Cu-Ni-Co) adjacent to Azure Minerals’ Andover deposit3, East Well and Bob’s Well (VHMS), Gully Washer at Miralga (Au-Ag-Zn-Pb-Cu) and Kurrana Pegmatites (Li-Ta)

  • Main conglomerate targets at Comet Well and Purdy’s Reward in the West Pilbara have been advanced for selective large-scale sampling programs in 2022

  • Commencement of Phase 1 diamond drilling program (approximately 1,750 m) testing high-priority gold targets at “Belltopper Hill” on the 50%-owned Malmsbury Gold Project (“Malmsbury Project”), 50km SSW of the high-grade Fosterville gold mine in Victoria

  • Gold exploration advanced by fast turnaround of gold assays received via the Company’s priority PhotonAssay arrangement with Intertek4

  • _________________________________________________________________

    globenewswire.com
    Figure 1: Novo tenure and priority prospects – Pilbara, Western Australia.

    VANCOUVER, British Columbia, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an exploration update on the Company’s highly-prospective, multi-commodity portfolio of projects based in Western Australian and Victoria (figure 1 above). The Company completed several successful exploration programs in 2021 and has already commenced key programs in 2022.

    Nullagine Gold Project Near-Mine/District Exploration

    RC drill programs across NGP ramped-up in late 2021 (November and December) with two rigs testing high priority orogenic quartz vein-related gold (‘lode gold’) targets including Genie, the Parnell-Vulture trend, Red Ensign, Margies, Crossing and Linq (figure 2 below).

    Importantly, initial results from drilling at both Genie and Parnell-Vulture have been highly encouraging, with several holes intercepting high-grade gold from near-surface1,2.

    Infill and extensional drilling in 2022 will follow up on the successful programs completed in 2021 and new drill programs will be developed to test additional priority targets which have already been approved from a compliance and heritage perspective.

    The majority of Novo’s high priority lode gold targets are positioned on granted Mining Leases and are easily accessible by established haul roads and associated infrastructure.

    globenewswire.com
    (Figure 2: Location map for NGP showing Novo tenure and priority prospects.)

    Genie

    Genie is a near-mine oxide lode gold prospect that forms part of a broader +1.25 km long previously untested target located within 3 km of the Company’s Golden Eagle processing facility (the “Golden Eagle Plant”).

    A maiden 31-hole, 1,787 m RC drill program was completed at Genie in September 2021. The program successfully intersected a new style of gold mineralisation for the district, hosted by a swarm of intrusive dolerite dykes. Multiple zones of high-grade mineralization have now been identified1.

    Additional drilling completed in November 2021 continued to produce good results, including:

  • 13 m at 2.78 g/t gold from 1 m (21NU0172)

  • 22 m at 1.61 g/t gold from 8 m (21NU0083A)

  • 7 m at 4.57 g/t gold from 47 m (21NU0086A)

  • 12 m at 2.45 g/t gold from 6 m (21NU0087A)

  • Refer to table 1 and table 2 below for full results.

    In addition, detailed mapping and rock chip sampling of previously untested but prospective quartz veined dolerite outcrops in the area immediately west of Genie returned exciting assays up to 26.8 g/t gold and 14.2 g/t gold (figure 3 below). The grade tenor in the recently tested dolerite outcrop appears the same or higher than encountered elsewhere on the prospect, confirming standout prospectivity in this area (not necessarily representative of mineralization throughout the East Pilbara region).

    globenewswire.com
    (Figure 3: Rock chip sampling results from December 2021 mapping at Genie.)

    Parnell-Vulture

    Parnell – Vulture is located some 45 km from the Company’s Golden Eagle Plant and is also accessible by an established access road and associated infrastructure. To date a total of 82 drill holes for 5,200 meters have been completed at Parnell and Vulture (figure 4 below).

    Covering a strike length of approximately 2 kms, Parnell-Vulture contains a series of vein-hosted targets, with historical drill intercepts including 9 m at 8.4 g/t gold from 7 m, 12 m at 14.6 g/t gold from 40 m and 7 m at 6.1 g/t gold from 40m5 (not necessarily representative of mineralization throughout the East Pilbara region).

    Recent results from Parnell - Vulture2, received via the Company’s priority arrangement with Intertek4, showed similar width and grade tenor as historical drilling intersections, improving confidence in historical data and potential strike extent.

    Further infill and extensional drilling will be designed to test this area.

    globenewswire.com
    (Figure 4: Map of historical and Novo significant intercepts at Parnell and Vulture prospect to date.)

    Red Ensign

    Detailed mapping and sampling at the Red Ensign prospect, approximately 23 km from the Golden Eagle Plant, has delineated highly prospective ENE trending shear zones, which extend a further ~400 m east of previously mapped zones and link the Red Ensign to Union Jack prospects along the same mineralized corridor. Drilling is expected to commence at this high priority target in H1 2022.

    Orogenic and Intrusion Hosted Gold Targets

    Several high priority orogenic quartz vein and intrusion related targets have been identified for drill testing in 2022.

    Key targets include:

  • The sanukitoid intrusions, epithermal-like vein systems at Becher

  • Lode gold targets at Becher Southeast and Irvine in the northern Egina Project

  • High grade quartz-vein related gold mineralization at Station Peak (also Egina) and Catia in the Bellary Dome

  • Egina

    At Egina, field mapping and rock chip sampling have been completed at the Becher South, Becher Southeast, and Irvine prospects, all of which fall within a significant and coherent As-Sb-in-soils anomaly (> two km total strike length). These targets are within a structural corridor where numerous intrusive sanukitoid targets have been interpreted from aeromagnetics (figure 5 below). Mapping and 3D modelling also continues at Station Peak in preparation for drilling in 2022.

    globenewswire.com
    (Figure 5: Summary map of northern Egina tenements, showing Novo targets and main regional gold deposits, draped over regional greyscale aeromagnetic image.)

    Catia

    At Catia (Bellary Dome)6, mapping and rock chip sampling programs have defined a structurally complex shoot-style gold-rich quartz vein target bound by a major structure. Peak rock chip results are 166.7 g/t gold and 41.2 g/t gold. These results are not necessarily representative of mineralization throughout the East Pilbara region. RC drilling is scheduled in 2022.

    Conglomerate-Hosted Gold Targets

    Highly prospective conglomerate-hosted gold targets at Comet Well and Purdy’s Reward have been developed in readiness for a large-scale bulk testing and mechanical sorting trial, which is scheduled to commence in H2 2022. A series of 130t bulk samples from Comet Well and Purdy’s Reward across 3 km of strike are expected to be completed on site via the Novo-Steinert mechanical sorter.

    Follow up programs are also being developed to advance all current conglomerate-hosted gold targets across the Pilbara, including Virgin Creek and Contact Creek near Marble Bar, the Greylin/Boulder Hill trend in the West Pilbara and Edney’s Find located in the Bellary Dome near Paraburdoo, over which Novo has an option to earn a 100% interest in gold rights6.

    Golden Eye is a new conglomerate target located along the eastern margin of the Mosquito Creek Basin in the East Pilbara, approximately 60 km east of the Golden Eagle Plant. Golden Eye was defined during regional mapping in early December 2021. A previously unidentified 1 to 12 m thick buckshot pyrite-bearing cobble conglomerate is exposed at surface for approximately 800 m and is located at the base of the Hardey Formation. The target shows considerable evidence of previous unrecorded prospecting. Rock sample results are pending analysis.

    Base Metal/Battery Metal Targets

    Purdy’s North

    In the West Pilbara, mapping, pXRF grid soil sampling and rock chip sampling programs completed in 2021 returned significant and encouraging results at the Milburn, Southcourt and NRV06 anomalies at Purdy’s North (exploration licence 47/1745) adjacent to Azure Minerals’ (“Azure”) Andover Cu-Ni (-Co) discovery7 and hosted in the Andover mafic-ultramafic intrusion (figure 6 below).

    Ground geophysical crews are being sourced for Q2 2022 to target massive sulphide anomalism and enable targeted drilling for budgeted 2022 drill programs.

    Azure’s VC-07 geophysical anomaly (> 1 km strike length) is located just 1.27 km from Novo’s Purdy’s North tenement eastern boundary and trends into Purdy’s North. It is estimated that approximately 22.5 km sq of the highly prospective Andover Intrusion is present within Purdy’s North (figure 7 below).

    Exploration planned for the highly prospective Purdy’s North prospect in early 2022 includes ground fixed loop transient electromagnetic (“EM”) surveys to better define EM conductors, possible induced polarization lines across the identified target zones pending results of EM, and drilling into the main target areas, including the Milburn, Southcourt and Anna Valley prospects.

    Drill holes will be surveyed using downhole EM techniques to locate off-hole conductors. Extensive first pass reconnaissance soil sampling, regional to detailed mapping, and rock chip sampling will be conducted across Purdy’s North.

    globenewswire.com
    (Figure 6: Base-metal and battery-metal targets in the West Pilbara tenements, showing current mines and discoveries.)

    Miralga

    A new precious-metal and base-metal rich breccia related to felsic porphyry dykes has been identified at the Gully Washer prospect on the Miralga Project, 30 km west of Marble Bar, with high-grade gold, silver, copper, lead and zinc results returned from Novo rock samples. Best results include 14.8 g/t gold and 6.1 g/t gold with best silver, copper, lead and zinc results exceeding the analytical upper detection limit (500 ppm silver, 2% copper, 1% lead, and 2% zinc respectively) (results are not necessarily representative of mineralization throughout the West Pilbara region). Follow up assays are pending.

    Rock samples highlight a 300 m long target zone trending east – west along a 35 m wide porphyry dyke, with the target open under cover along strike. High-grade mineralization is related to two- to six-metre-wide zones of malachite-bearing gossanous breccia on both hangingwall and footwall positions of the porphyry dyke.

    The porphyry dyke is one of several 10’s to-100’s metre-scale dykes within the Novo tenement package and part of a swarm of dykes intruding into the Apex Basalt of the Panorama Formation. The intrusive breccia-style mineralization is likely related to the large Miralga porphyry located ~ 10 km towards the south-southeast.

    globenewswire.com
    (Figure 7: Southcourt Cu soil geochemistry (pXRF) with overlapping Co (white shape) anomaly and VTEM conductors (white-dashed circles).)

    Lithium

    Lithium potential in the southern part of the NGP was assessed during late 2021 with exploration undertaken on the Kurrana Pegmatite Swarm, a >10 km long swarm of lithium-caesium-tantalum (“LCT”) pegmatites two km north of the Bonnie Downs Granite. At least 200 pegmatites from one to five m width have been mapped and 143 rock chip samples of pegmatites and quartz veins along the trend were collected (figure 8 below). Some samples contained rich Li2O mineralization in lepidolite with possible identification of spodumene and/or petalite. Results are pending. The project was explored by Mt Stewart Resources Pty Ltd and TantalumX Pty Ltd in 2016 to 2019 with soil, stream and rock chip sampling and reconnaissance drilling spaced at 100 to 500 m centres.

    globenewswire.com
    (Figure 8: Lepidolite-rich sample from mapping program (sample W10129).)

    Victorian Assets

    Work to date has identified several gold target-styles present on the Malmsbury and Queens Projects that include “Fosterville-type,” anticline-fault related targets, large (km-scale) planar faults and fault breccias, “Woods Point-A1 style,” intrusion-hosted orogenic targets and the potential for an intrusion-related-gold system (IRG) associated with the mineralized monzogranite at Belltopper Hill8.

    Phase 1 diamond drilling by Deepcore Pty Ltd commenced on RL6587 for the Malmsbury JV on December 14, 2021. The phase 1 program at Belltopper Hill consists of eight proposed diamond holes for ~1,750 m initially and includes the following:

  • Five holes (~660 m planned) testing the Leven Star deposit as part of the tenure expenditure commitment requirements

  • One deeper exploration-focussed hole testing an extension to the Leven Star deposit and potential extensions/structural intersections with the Missing Link, Antimony and Panama/Panama West reefs

  • One drill hole testing the mineralized granite “Missing Link Monzogranite” and Missing Link structure at depth

  • One drill hole testing the complex horsetail fault zone associated with the Never Despair workings north of Panama

  • To date two holes are complete for a total of 477.9 m. Interpretation is ongoing at this early stage in the program, but it appears both holes intersected their predicted target structures (Leven Star and associated splays, Missing Link, Panama). In addition, several zones of alteration and disseminated or stringer sulphide mineralisation have also been intersected. Initial drill hole samples dispatched for assay.

    Of high significance is the confirmation of a significant anticline hinge position encountered in the second drill-hole. This important structure was identified during recent detailed mapping coupled with structural data synthesis and is located within the highest priority Au-As-Sb-Mo prospective corridor that additionally hosts the Missing Link monzogranite. Confirmation of the interpreted anticline position in this critical target corridor strongly validates the “Fosterville-style,” anticline-related gold mineralisation potential and highlights the exciting opportunities for multiple Au mineralisation styles expected to be discovered and advanced across the project area. Refer to table 3 below.

    Analytic Methodology

    At Genie and Parnell-Vulture, drilling was based on detailed mapping and targeted to be perpendicular to mineralization as much as practical. In some areas, the geology is complex and due to the explorative nature of the work, the true width of mineralization cannot yet be precisely determined.

    RC samples from Genie and Parnell-Vulture were submitted to Intertek in Perth, Australia. Samples are crushed to -2 mm and RSD split into a single 500-gram jar for PhotonAssay. To test for gold variability and potential coarse gold effect, field duplicates and crushed duplicates were analysed. Standards and blanks are inserted in the sample sequence to test for lab performance.

    Spot rock chip samples from the Catia (Bellary Dome) and Miralga projects and the NGP were submitted to Intertek in Perth, Australia. Samples were crushed and pulverized in full and assayed using a 50-gram charge fire assay with an OES-finish. Additional pulp material was analysed for 48 elements using four acid digest ICP-MS (4A/MS48). Blanks and standards were inserted in the sample sequence to ensure data quality and control.

    There were no limitations to the verification process and all relevant data was verified by a qualified person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects by reviewing analytical procedures undertaken by Intertek. Dr. Quinton Hennigh (P. Geo.) is the qualified person responsible for, and having reviewed and approved, the technical information contained in this news release. Dr. Hennigh is the Non-Executive Co-Chairman and a director of Novo.

    ABOUT NOVO

    Novo operates its flagship Beatons Creek gold project while exploring and developing its prospective land package covering approximately 12,500 square kilometres in the Pilbara region of Western Australia. In addition to the Company’s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its shareholders. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com.

    On Behalf of the Board of Directors,

    Novo Resources Corp.

    Michael Spreadborough

    Michael Spreadborough

    Executive Co-Chairman

    Forward-looking information

    Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, that completion of the NGP near-mine 20,000 m RC drill exploration program is expected in H1 2022, that large-scale sampling programs will occur at Comet Well and Purdy’s Reward in 2022, that new drill programs will be developed to test additional priority targets at NGP, including Genie and Parnell-Vulture, that mapping and 3D modelling continues at Station Peak in preparation for drilling in 2022, that RC drilling is scheduled in 2022 at Catia (Bellary Dome), that a series of 130 t large bulk samples are expected to be excavated and processed at Comet Well and Purdy’s Reward via the Novo-Steinert mechanical sorter, that ground geophysical crews are being sourced for Q2 2022 to target massive sulphide and enable targeted drilling for budgeted 2022 drill programs, that exploration is planned for the highly prospective E47/1745 area in early 2022, and that the phase 1 program at Belltopper Hill consists of eight proposed diamond holes for ~1,750 m initially. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, the actual time required by Intertek Laboratory to process samples, customary risks of the resource industry and the risk factors identified in Novo’s management’s discussion and analysis for the nine-month period ended September 30, 2021, which is available under Novo’s profile on SEDAR at www.sedar.com. Forward-looking statements speak only as of the date those statements are made. Except as required by applicable law, Novo assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If Novo updates any forward-looking statement(s), no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements.

    Table 1: Significant intercepts at Genie.

    HOLE ID

    DEPTH FROM

    DEPTH TO

    Au (ppm)

    Width (m)

    Gram* metres

    21NU0130

    67

    70

    1.13

    3

    3.39

    21NU0130A

    49

    51

    0.56

    2

    1.12

    21NU0130A

    54

    56

    0.8

    2

    1.6

    21NU0130A

    74

    76

    1.05

    2

    2.1

    21NU0131

    49

    54

    1.28

    5

    6.4

    21NU0131

    17

    24

    0.93

    7

    6.51

    21NU0136

    44

    46

    1.5

    2

    3

    21NU0137

    8

    10

    0.52

    2

    1.04

    21NU0140

    33

    35

    0.56

    2

    1.12

    21NU0145

    50

    54

    2.44

    4

    9.76

    21NU0151

    9

    11

    1.01

    2

    2.02

    21NU0151

    48

    52

    0.88

    4

    3.52

    21NU0151

    20

    22

    2.25

    2

    4.5

    21NU0152

    29

    32

    0.64

    3

    1.92

    21NU0152

    18

    24

    1.54

    6

    9.24

    21NU0152A

    68

    78

    0.53

    10

    5.3

    21NU0152A

    13

    30

    0.94

    17

    15.98

    21NU0172

    45

    47

    1.6

    2

    3.2

    21NU0172

    32

    35

    2.12

    3

    6.36

    21NU0172

    67

    69

    3.7

    2

    7.4

    21NU0172

    1

    14

    2.78

    13

    36.14

    21NU0173

    93

    95

    0.5

    2

    1

    21NU0173

    74

    76

    2.21

    2

    4.42

    21NU0174

    10

    13

    1.03

    3

    3.09

    21NU0175

    39

    41

    0.55

    2

    1.1

    21NU0175

    18

    30

    1.04

    12

    12.48

    21NU0176

    19

    21

    0.72

    2

    1.44

    21NU0176

    30

    32

    1.58

    2

    3.16

    21NU0176

    90

    93

    1.47

    3

    4.41


    Table 2: collar table of all drill holes drilled to date.

    HOLE ID

    COORDSYS

    EASTING

    NORTHING

    HEIGHT

    AZI GRID

    DIP

    TYPE

    DEPTH

    LEASE

    21NU0083A

    MGA94_51

    202985.825

    7571245.187

    383.963

    45

    -50

    RC

    90

    M46/436

    21NU0086A

    MGA94_51

    202938.672

    7571198.71

    384.582

    45

    -50

    RC

    96

    M46/436

    21NU0087A

    MGA94_51

    202932.166

    7571187.876

    384.512

    45

    -50

    RC

    126

    M46/436

    21NU0088A

    MGA94_51

    203028.005

    7571253.711

    385.066

    45

    -50

    RC

    61

    M46/436

    21NU0090A

    MGA94_51

    203045.328

    7571268.204

    385.458

    45

    -50

    RC

    90

    M46/436

    21NU0096A

    MGA94_51

    203033.846

    7571236.284

    384.701

    45

    -50

    RC

    96

    M46/436

    21NU0097A

    MGA94_51

    203019.302

    7571219.804

    384.13

    45

    -50

    RC

    120

    M46/436

    21NU0129

    MGA94_51

    203086.204

    7571313.362

    383.926

    45

    -50

    RC

    54

    M46/436

    21NU0130

    MGA94_51

    203011.968

    7571241.449

    384.552

    45

    -50

    RC

    72

    M46/436

    21NU0130A

    MGA94_51

    203014.901

    7571243.754

    384.449

    45

    -50

    RC

    90

    M46/436

    21NU0131

    MGA94_51

    203071.819

    7571302.895

    384.323

    45

    -50

    RC

    54

    M46/436

    21NU0132

    MGA94_51

    203092.827

    7571264.019

    385.002

    45

    -50

    RC

    66

    M46/436

    21NU0133

    MGA94_51

    203062.155

    7571234.144

    384.529

    45

    -50

    RC

    54

    M46/436

    21NU0134

    MGA94_51

    203048.601

    7571220.585

    384.49

    45

    -50

    RC

    54

    M46/436

    21NU0135

    MGA94_51

    203033.509

    7571206.536

    384.234

    45

    -50

    RC

    54

    M46/436

    21NU0136

    MGA94_51

    202951.357

    7571239.299

    383.965

    45

    -50

    RC

    78

    M46/436

    21NU0137

    MGA94_51

    203188.089

    7571233.722

    386.036

    45

    -50

    RC

    72

    M46/436

    21NU0138

    MGA94_51

    203149.422

    7571192.943

    384.944

    45

    -50

    RC

    72

    M46/436

    21NU0139

    MGA94_51

    203116.898

    7571163.354

    384.54

    45

    -50

    RC

    72

    M46/436

    21NU0140

    MGA94_51

    203009.811

    7571296.262

    384.221

    45

    -50

    RC

    48

    M46/436

    21NU0141

    MGA94_51

    203023.683

    7571309.327

    383.407

    45

    -50

    RC

    60

    M46/436

    21NU0142

    MGA94_51

    203038.09

    7571323.37

    383.416

    45

    -50

    RC

    54

    M46/436

    21NU0143

    MGA94_51

    203052.367

    7571337.28

    383.554

    45

    -50

    RC

    54

    M46/436

    21NU0144

    MGA94_51

    203067.026

    7571351.792

    383.76

    45

    -50

    RC

    24

    M46/436

    21NU0144A

    MGA94_51

    203069.239

    7571353.382

    383.592

    45

    -50

    RC

    54

    M46/436

    21NU0145

    MGA94_51

    203024.236

    7571366.079

    383.385

    45

    -50

    RC

    60

    M46/436

    21NU0146

    MGA94_51

    202995.569

    7571337.625

    383.414

    45

    -50

    RC

    72

    M46/436

    21NU0147

    MGA94_51

    202981.341

    7571324.242

    383.328

    45

    -50

    RC

    54

    M46/436

    21NU0148

    MGA94_51

    202966.815

    7571310.259

    383.267

    45

    -50

    RC

    54

    M46/436

    21NU0149

    MGA94_51

    202952.647

    7571296.192

    383.391

    45

    -50

    RC

    54

    M46/436

    21NU0150

    MGA94_51

    202938.5

    7571282.265

    383.372

    45

    -50

    RC

    54

    M46/436

    21NU0151

    MGA94_51

    202924.516

    7571269.053

    383.547

    45

    -50

    RC

    54

    M46/436

    21NU0152

    MGA94_51

    202908.64

    7571254.248

    383.61

    45

    -50

    RC

    48

    M46/436

    21NU0152A

    MGA94_51

    202907.289

    7571258.039

    383.262

    45

    -50

    RC

    78

    M46/436

    21NU0172

    MGA94_51

    202995.567

    7571228.017

    383.901

    45

    -50

    RC

    96

    M46/436

    21NU0173

    MGA94_51

    202980.765

    7571213.589

    383.69

    45

    -50

    RC

    102

    M46/436

    21NU0174

    MGA94_51

    202967.37

    7571199.6

    383.601

    45

    -50

    RC

    89

    M46/436

    21NU0175

    MGA94_51

    202954.338

    7571186.157

    383.926

    45

    -50

    RC

    102

    M46/436

    21NU0176

    MGA94_51

    202934.681

    7571227.601

    383.379

    45

    -50

    RC

    100

    M46/436

    21NU0177

    MGA94_51

    203009.732

    7571353.566

    383.395

    45

    -50

    RC

    96

    M46/436


    Table 3: collar table of drill holes from the Malmsbury Project.

    HOLE ID

    DEPTH FROM

    EASTING

    NORTHING

    RL

    AZIMUTH

    DIP

    MD13

    112.4

    263796

    5880085

    460

    312.6

    -30.9

    MD14

    365.5

    263798

    5880084

    460

    268.5

    -50.1


    NB Co-ordinates recorded in MGA94_Z55 projection and are based on handheld GPS.

    ____________________
    1 Refer to the Company’s news release dated
    October 21, 2021.
    2 Refer to the Company’s news release dated January 21, 2022.
    3 Refer to the Company’s news release dated November 30, 2021
    4 Refer to the Company’s news release dated May 18, 2021.
    5 Refer to the Company’s news release dated November 19, 2021.
    6 Refer to the Company’s news release dated June 12, 2020.
    7 Refer to the Company’s news release dated November 30, 2021.
    8 Refer to the Company’s news release dated December 16, 2021.