Shallow Copper Results from Sagay
Released
Released
Announcement PDF
ASX/AIM RELEASE
17 OCTOBER 2023
Shallow Copper Results from Sagay
HIGHLIGHTS
• CLA has completed a program of 12 shallow diamond drill holes to test the extents of
oxide copper mineralisation from Nabiga-a Hill at the Sagay Copper-Gold Project.
• Highlights from the drilling program include:
o 69.3m @ 0.56% copper from 10.7m down hole from SGY-040, including
23.3m @ 1.19% copper from 15m down hole.
o 47.0m @ 0.85% copper from 33m down hole from SGY-045, including
35m @ 1.01% copper from 35m down hole.
o 50.3m @ 0.68% copper from 31.7m down hole from SGY-049, including
30m @ 0.87% copper from 52m down hole.
____________________________________________________________________________________
Celsius Resources Limited (“CLA” or “Celsius”) (ASX, AIM: CLA) is pleased to announce that its
Philippine subsidiary, Tambuli Mining Company, Inc. (“TMCI” or the “Company”), has
concluded the drilling program with positive drilling results for its Sagay Copper-Gold Project
(“Sagay” or the “Project”) in the island of Negros.
Drilling focused on the shallow high-grade copper, or the Secondary Supergene Chalcocite
Enrichment zone, to supplement the data gaps and increase confidence in the Mineral
Resource 11 of this shallow high-grade zone.
Celsius Managing Director, Peter Hume, said:
“The results from the recent drilling confirm the location of copper mineralisation starting from
less than 10m beneath the surface. This shallow and relatively flat oxidised zone has potential for
a new development to support the phased growth of Sagay.
A proposed phased approach for Sagay could deliver project self-reliance towards our goal of
ultimately developing the much larger porphyry Cu-Au mineralisation which exists underneath
this shallow copper mineralisation and Nabiga-a Hill.
This potential mining opportunity is approximately one year behind the Maalinao-CaigutanBiyog Copper-Gold Project (“MCB”) in approvals and has the potential for a rapid start up.”
1
Refer to ASX announcement dated 7/11/2022 for the maiden Mineral Resource estimate (MRE) for the Sagay Project
Level 5, 191 St. Georges Terrace, Perth WA 6000 PO Box 7059, Cloisters Square PO, Perth WA 6850
P: +61 2 8072 1400 E: info@celsiusresources.com.au W: celsiusresources.com
Drilling Results
Twelve diamond drill holes were completed for a total of 824.70 meterage drilled. Results
returned from the shallow drilling program identified significant copper mineralisation from 8
out of the 12 drill holes completed (see Table 1).
The higher-grade intervals, appear to be closely linked to breccia bodies and an intrusive
medium grained porphyritic diorite rock which have a vertical orientation extending up into the
shallow oxidised copper mineralisation zone (see Figures 1 and 2).
Table 1. Significant intersections from all drill holes completed in the 2023 shallow diamond drilling
program. All intercepts are constrained to a lower grade cut-off of 0.2% copper within logged oxide or
transition rocks containing the copper mineral chalcocite. Higher grade intercepts are defined using a
0.5% copper lower cut-off.
Total
Depth
Depth
From
135
60.00
11.10
135
80.00
Hole ID
East
North
RL
Dip
Azi
SGY-039
542850
1195400
111
-60
SGY-040
542734
1195322
141
-60
Depth To
Length
Cu
Au
(m)
(%)
(g/t)
31.00
19.90
0.31
0.01
10.70
80.00
69.30
0.56
0.03
Incl.
13.00
36.3
23.50
1.21
0.06
SGY-041
542846
1195310
126
-60
135
14.20
2.00
14.20
12.20
0.32
0.02
SGY-043
542825
1195250
113
-60
135
80.00
5.60
45.00
39.40
0.52
0.05
SGY-044
542662
1195367
163
-60
135
80.00
11.60
64.00
52.40
0.47
0.02
SGY-045
542683
1195244
144
-60
135
80.00
33.00
80.00
47.00
0.85
0.01
Incl.
35.00
70.00
35.00
1.01
0.01
90.50
31.70
82.00
50.30
0.66
0.06
Incl.
50.00
80.50
30.50
0.86
0.09
80.00
17.70
80.00
62.30
0.48
0.03
Incl.
17.70
30.00
12.30
1.09
0.03
SGY-049
SGY-050
542665
542775
1195303
1195200
140
119
-60
-60
135
135
Technical, Social and Environmental Studies
Metallurgical test works are ongoing which is intended to provide a process flow for the
extraction of copper/copper mineral concentrate by gravity separation. Results of the analysis
will be further refined in the mine plan, and financial and technical studies, which are critical
components of the Project’s viability and are in the final stages of development.
Environmental and social studies have been completed that would serve as baseline data for
the Environmental Impact Statement for the Project which is underway. In parallel, technical,
environmental, and social plans and programs are also ongoing leading to the application of
the Declaration of Mining Project Feasibility within the term of the exploration permit leading to
a Mining Permit application during 2024.
ASX/AIM RELEASE |
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2
Figure 1: Plan view of recent and historical drilling at Nabiga-a Hill.
Figure 2: Cross section of recent drill holes SGY-040, SGY-040 and SGY-043 relative to the interpreted
geology and significant assay results. (see Figure 1 for relative location).
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3
SAGAY COPPER-GOLD PROJECT
The Sagay Copper-Gold Project (“Sagay” or “the Project”) is in the northeastern part of Negros
Island, within the City of Sagay in the Province of Negros Occidental, Philippines (Figure 3).
Negros Island is part of the central group of Islands in the Philippines commonly referred to as
“the Visayas”.
A Maiden Mineral Resource for Nabiga-a Hill was declared for the project on 7 November 2022
comprising 302 million tonnes @ 0.41% copper and 0.11g/t gold for 1.2 million tonnes of
contained copper and 1 million ounces of contained gold, of which 15 million tonnes @ 0.45%
copper and 0.11g/t gold is classified as Indicated and 287 million tonnes @ 0.41% copper and
0.11g/t gold is classified as Inferred.
Figure 3. Location of the Sagay Project in the island of Negros, Philippines.
ASX/AIM RELEASE |
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4
Listing Rule 5.19 and 5.23 Disclosure
The information is this announcement with respect to the MRE for the Sagay Project was first
announced by the Company to ASX on 7 November 2022. The Company confirms that it is not
aware of any new information or data that materially affects the information included in the
announcement dated 7 November 2022 and that all material assumptions and technical
parameters underpinning the MRE continue to apply and have not materially changed.
Forward Looking Statements
Some of the statements appearing in this announcement may be in the nature of forwardlooking statements. You should be aware that such statements are only predictions and are
subject to inherent risks and uncertainties. Those risks and uncertainties include factors and risks
specific to the industries in which the Company operates and proposes to operate as well as
general economic conditions, prevailing exchange rates and interest rates and conditions in the
financial markets, among other things. Actual events or results may differ materially from the
events or results expressed or implied in any forward-looking statement.
No forward-looking statement is a guarantee or representation as to future performance or any
other future matters, which will be influenced by a number of factors and subject to various
uncertainties and contingencies, many of which will be outside the Company’s control.
The Company does not undertake any obligation to update publicly or release any revisions to
these forward-looking statements to reflect events or circumstances after today's date or to
reflect the occurrence of unanticipated events. No representation or warranty, express or
implied, is made as to the fairness, accuracy, completeness or correctness of the information,
opinions or conclusions contained in this announcement. To the maximum extent permitted by
law, none of the Company’s Directors, employees, advisors, or agents, nor any other person,
accepts any liability for any loss arising from the use of the information contained in this
announcement. You are cautioned not to place undue reliance on any forward-looking
statement. The forward-looking statements in this announcement reflect views held only as at
the date of this announcement.
Competent Persons Statement
Information in this report relating to the reporting of Mineral Resource Estimates and Exploration
Results is based on information compiled, reviewed and assessed by Mr. Steven Olsen, who is a
Member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of
Geoscientists. Mr. Olsen is a consultant to Celsius Resources Limited and has sufficient
experience which is relevant to the style of mineralisation and type of deposit under
consideration and to the activity which he is undertaking to qualify as a Competent Person as
defined by the 2012 Edition of the Australasian Code for reporting of Exploration Results,
Mineral Resources and Ore Reserves. Mr. Olsen consents to the inclusion of the data in the form
and context in which it appears.
This announcement has been authorised by the Board of Directors of Celsius Resources Limited.
The information contained within this announcement is deemed by the Company to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it
forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018.
ASX/AIM RELEASE |
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5
Celsius Resources Contact Information
Level 5, 191 St. Georges Terrace
Perth WA 6000
PO Box 7059
Cloisters Square PO
Perth WA 6850
P: +61 2 8072 1400
E: info@celsiusresources.com.au
W: www.celsiusresources.com
Celsius Resources Limited
Peter Hume
(Managing Director)
Multiplier Media
(Australia Media Contact)
Jon Cuthbert
Tavistock Communications
(UK Media and Investor Relations)
Charles Vivian
Tara Vivian-Neal
P: +61 2 8072 1400
E: info@celsiusresources.com.au
W: www.celsiusresources.com
M: +61 402 075 707
E: jon.cuthbert@multiplier.com.au
+44 (0) 207 628 3396
M: 0044 7977297903
E: charles.vivian@tavistock.co.uk
M: 0044 7394408654
E: tara.vivian-neal@tavistock.co.uk
Beaumont Cornish Limited
(Nominated Adviser)
Roland Cornish/Felicity Geidt/Andrew
Price
P: +44 (0) 207 628 3396
E: corpfin@b-cornish.co.uk
SPAngel Corporate Finance LLP
(Broker)
John Meyer/Ewan Leggat/Harry
Davies-Ball
P: +44 20 3470 0470
E: contact@spangel.co.uk
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6
Appendix 1: The following tables are provided to ensure compliance with the JORC Code (2012)
requirements for the reporting of Exploration Results for the Sagay Project.
SECTION 1:
Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
Criteria
Sampling
techniques
JORC Code explanation
• Nature and quality of sampling (e.g.
cut channels, random chips, or
specific specialised industry standard
measurement tools appropriate to
the minerals under investigation,
such as down whole gamma sondes,
or handheld XRF instruments, etc).
These examples should not be taken
as limiting the broad meaning of
sampling.
• Include reference to measures taken
to ensure sample representivity and
the appropriate calibration of any
measurement tools or systems used.
• Aspects of the determination of
mineralisation that are Material to the
Public Report. In cases where
‘industry standard’ work has been
done this would be relatively simple
(e.g. ‘reverse circulation drilling was
used to obtain 1 m samples from
which 3 kg was pulverised to
produce a 30 g charge for fire assay’).
In other cases, more explanation may
be required, such as where there is
coarse gold that has inherent
sampling problems. Unusual
commodities or mineralisation types
(e.g., submarine nodules) may
warrant disclosure of detailed
information.
Drilling
techniques
Drill sample
recovery
Commentary
• Samples were collected from diamond
core drilled from the surface. All drill
core was generally sampled on 2-meter
intervals. In cases where geological and
mineralogical characteristics change,
sample length was not less than 1
meter.
• Core samples cut into half using
diamond core saw following the cutting
lines marked by the Geologist. Split
cores returned to its respective core
tray.
• Samples were shipped by company
vehicle to Intertek Testing Services
which is an external laboratory located
in Manila, Philippines.
• Crushed samples were fire assayed for
gold (Au) using a 30-gram charge, with
a detection limit of 0.005 ppm. Gold
values greater than 50 ppm were
determined by gravimetric fire assay.
• Copper (Cu) values were assayed using
four-acid digestion. Elements
determined by ICP-OES/MS with AAS
finish with final reporting for a total of
36 elements.
• Drill type (e.g., core, reverse
circulation, open-hole hammer,
rotary air blast, auger, Bangka, sonic,
etc) and details (e.g. core diameter,
triple or standard tube, depth of
diamond tails, face-sampling bit or
other type, whether core is oriented
and if so, by what method, etc).
• Diamond drilling was used to capture
the samples which are the subject of
this release.
• Method of recording and assessing
core and chip sample recoveries and
results assessed.
• Core recovery has been recorded for
every interval as part of the routine
geomechanical logging.
• The core drilling utilised a triple-tube
core barrel from collar to end-of-hole to
ensure optimum core recovery.
• Recovered core lengths on average
were measured to be approx. 97% for
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7
Criteria
Logging
JORC Code explanation
Commentary
• Measures taken to maximise sample
recovery and ensure representative
nature of the samples.
the drill holes with form part of the MRE,
indicating a high recovery and minimal
lost core.
• Whether a relationship exists
between sample recovery and grade
and whether sample bias may have
occurred due to preferential
loss/gain of fine/coarse material.
• All drilling activities were supervised by
company Geologists. Trained Core
house technician were responsible for
the core recovery determination.
• Whether core and chip samples have
been geologically and geotechnically
logged to a level of detail to support
appropriate Mineral Resource
estimation, mining studies and
metallurgical studies.
• Geologists were tasked to oversee the
daily quick log report down to
sampling. Daily quick log form was
completed to identify the geological
details such as lithology, alteration and
mineralisation with corresponding
percentage estimate of Cu minerals and
Cu grade, using an established
geological code.
• Whether logging is qualitative or
quantitative in nature. Core (or
costean, channel, etc) photography.
• The total length and percentage of
the relevant intersections logged.
• Detailed logging proceeds describing
geological characteristics present in the
core, i.e. lithology, alteration,
mineralogy, structures, etc.
• Core photography was undertaken after
completing the geomechanical logging.
Subsampling
techniques
and sample
preparation
• If core, whether cut or sawn and
whether quarter, half or all core
taken.
• If non-core, whether riffled, tube
sampled, rotary split, etc and whether
sampled wet or dry.
• For all sample types, the nature,
quality and appropriateness of the
sample preparation technique.
• Quality control procedures adopted
for all sub-sampling stages to
maximise representivity of samples.
• Samples were routinely taken over a 2m
interval, and cut in half, with half of the
drill core sent for analysis and half of the
drill core retained for future reference.
• Samples were cut on site using a hand
core saw. Samples were then selected
and bagged on site prior to delivery to
the laboratory (Intertek) in Manila for
sample preparation.
• The sample size is considered
appropriate for type of material being
samples.
• Measures taken to ensure that the
sampling is representative of the insitu material collected, including for
instance results for field
duplicate/second-half sampling.
• Whether sample sizes are
appropriate to the grain size of the
material being sampled.
Quality of
assay data
and
laboratory
tests
• The nature, quality and
appropriateness of the assaying and
laboratory procedures used and
whether the technique is considered
partial or total.
ASX/AIM RELEASE |
• Samples were fire assayed for gold (Au)
using a 30-gram charge, with a
detection limit of 0.005 ppm. Gold
values greater than 50 ppm were
determined by gravimetric fire assay.
Copper (Cu) values were assayed using
PAGE
8
Criteria
JORC Code explanation
• For geophysical tools, spectrometers,
handheld XRF instruments, etc, the
parameters used in determining the
analysis including instrument make
and model, reading times,
calibrations factors applied and their
derivation, etc.
• Nature of quality control procedures
adopted (e.g. standards, blanks,
duplicates, external laboratory
checks) and whether acceptable
levels of accuracy (i.e. lack of bias)
and precision have been established.
Commentary
four acid digestion. Elements
determined by AAS finish.
• The procedures for the submission of
samples to the laboratory also include
the regular insertion of QA/QC samples
in every transmittal form or batch, which
was typically delivered to the laboratory
in batches of 50 numbered samples. For
each batch of 50 samples a total of 43
came from core samples and an
additional 7 samples were included for
QA/QC checks, which were as follows:
o
Four referenced standards
o
One coarse (unrecognisable)
blank
o
One field duplicate taken from
the quartered core
o
One referenced Blank
• After sample preparation, all samples
were sent for final analysis to Intertek at
their laboratory in Manila. Intertek is an
internationally recognised and ISO/IEC
17025:2005 & ISO/IEC 17020:2004
certified independent laboratory.
Verification
of sampling
and
assaying
• The verification of significant
intersections by either independent
or alternative company personnel.
• The use of twinned holes.
• Documentation of primary data, data
entry procedures, data verification,
data storage (physical and electronic)
protocols.
• Discuss any adjustment to assay data.
• Analytical procedures provided by an
internationally certified laboratory is
considered in line with industry
standard for the type of deposit and
mineralisation identified at the Property.
• Apart from the verification of the
procedures and results as described
above, no further verification of the
sampling and assaying have been
undertaken.
• None of the diamond drill holes in this
report are twinned.
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9
Criteria
JORC Code explanation
Commentary
Location of
data points
• Accuracy and quality of
surveys used to locate drill
holes (collar and downhole surveys), trenches,
mine workings and other
locations used in Mineral
Resource estimation.
• All data reference points and maps for the Sagay
database, including drill hole collar co-ordinates are
recorded in WGS 84/UTM Zone 51N.
• Specification of the grid
system used.
• Quality and adequacy of
topographic control.
Data
spacing and
distribution
• Data spacing for reporting
of Exploration Results.
• Whether the data spacing
and distribution is
sufficient to establish the
degree of geological and
grade continuity
appropriate for the
Mineral Resource and Ore
Reserve estimation
procedure(s) and
classifications applied.
• Compass measurements taken by Geologists were
used to establish the dip and azimuth of the collar
hole as part of their initial collar surveys. Drill collar
locations were positioned using a handheld Garmin
GPS unit, set to UTM WGS 84 Zone 51N coordinate
reference system, with an accuracy expected to be
within 2 metres. Downhole surveys were also
completed using a Keeper Gyro at 50m intervals.
• Collar surveys were then logged into the master MS
Excel spreadsheet as part of the database.
• The drilling which is the subject of this release was
designed to test shallow oxide copper mineralisation
at between 50m and 100m spacing.
• The drilling completed at was drilled towards the
south-east at 60 degrees. This angle and direction
was chosen to drill perpendicular to the dominant
geological trend at Nabiga-a, which is close to
vertical towards the north-east, in addition to the
horizontal orientation of the oxide copper
mineralisation close to the surface.
•
• Whether sample
compositing has been
applied.
Orientation
of data in
relation to
geological
structure
Sample
security
• Whether the orientation of
sampling achieves
unbiased sampling of
possible structures and
the extent to which this is
known, considering the
deposit type.
• The drill hole orientations at Nabiga-a Hill are largely
towards the south-west or towards the south-east.
These orientations were chosen to cut roughly
perpendicular to the interpreted dominant structural
trend and possible trend of the mineralised intrusive
rocks which are trending towards the north-east, and
some evidence of a trend to the north-west.
• 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.
• The dominant trend of the intrusive rocks which are
interpreted to be related to the copper-gold
mineralisation has an overall strike of 40 to 60
degrees and a near to vertical dip. The drill holes
which are dipping approximately 60 degrees towards
the south-east appear to be at a good angle to
effectively test the copper-gold mineralisation in this
trend. The holes which have been drilled towards the
south-east are optimal for some cross cutting northwest trending structures, but at a poor angle to test
the dominant copper-gold mineralisation which is sub
parallel to these drill holes.
• The measures taken to
ensure sample security.
• The following standard procedures were
documented to have been followed in relation to
sample security for all Nabiga-a Hill diamond drilling:
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10
Criteria
Audits or
reviews
JORC Code explanation
• The results of any audits
or reviews of sampling
techniques and data.
ASX/AIM RELEASE |
Commentary
o
Sample bags are arranged in sequence
according to its sample number. These are then
weighed and jotted down to a sample dispatch
note which details the sample numbers, sample
type and laboratory processing required.
Geologists ensures that the transmittal form is
correct for encoding and submission. The bags
of samples are sent to Makati office by company
vehicle. No unsupervised third parties were
given access prior to the chain of custody
procedure.
o
Upon receipt of samples, these were arranged in
sequence to review the numbers, and a sample
received report was sent to the Geologists.
Samples are individually weighed again for
verification.
o
Samples were then delivered to Intertek Testing
Services along with two copies of the sample
dispatch form. One copy for the laboratory to
accept custody of the sample, and the
signed/received copy return to database
custodian given access prior to the chain of
custody procedure.
• No other specific audit or review was conducted
other than the validation checks by the author
documented earlier regarding the sample
preparation, analysis or security for the information
for the Sagay drill hole database.
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11
SECTION 2:
Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Criteria
JORC Code explanation
Commentary
Mineral
tenement
and land
tenure status
• Type, reference
name/number, location
and ownership including
agreements or material
issues with third parties
such as joint ventures,
partnerships, overriding
royalties, native title
interests, historical sites,
wilderness or national
park and environmental
settings.
• The Nabiga-a Copper-Gold project is at the northeastern part of Negros Island within the Cities of
Sagay and Escalante Negros Occidental.
• 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
other parties
• Acknowledgment and
appraisal of exploration
by other parties.
• The underlying title is in the name of the
Philippines registered corporation Tambuli Mining
Company Inc. (“TMCI”) is currently 100% owned by
a private Delaware Company who in turn is owned
by Celsius Resources Limited (“CLA").
• TMCI was first granted a single Exploration Permit
denominated as EP-000003VI on 6 May 2008
under Phelps Dodge Exploration Corporation –
Philippine Branch (PDEC), which was later acquired
by Freeport-McMoRan Exploration Corporation –
Philippine Branch (FMEC) in 2007. The permit area
covers a total of 4,594.23 hectares, where the
Nabiga-a Hill Deposit is situated.
• On August 11, 2021, TMCI, now a subsidiary of
CLA, was granted a fourth exploration permit
renewal (extension) which is valid until February 10,
2024. The current two-year renewal period allowed
the resumption of ore definition drilling activities
aimed to define the deep ore zone (two drill holes),
its shallow/near surface extensions (three drill
holes), and test possible near surface chalcocite
ore zones (three drill holes).
• Exploration work and drilling was completed by
TMCI which was a subsidiary of Freeport-McMoRan
Exploration Corporation-Philippine Branch from
year 2008 to 2016.
• The exploration activities were generally
completed over two stages. From 2008 up to 2009,
the work was focussed on project assessment
which included surface sampling and mapping, in
addition to a number of ground geophysical
surveys, most particularly a ground magnetic
survey and a series of 2D Induced Polarisation
surveys.
• From 2012 through to 2016 the exploration
activities were focused on diamond drilling to test
the targets identified from the work completed
over 2008 and 2009. The drilling activities were
predominately at the Nabiga-a Hill Project with all
drilling results reported in this release.
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Criteria
JORC Code explanation
Commentary
Geology
• Deposit type, geological
setting and style of
mineralisation.
• The geological setting for the Nabiga-a coppergold mineralisation is typical of a porphyry copper +
gold + moly deposit as commonly defined in many
academic papers (Hedenquist and Lowernstern,
1994; Sillitoe, R. H., 2010. Corbett and Leach, 1997).
The mineralisation and associated alteration exist
predominantly within a series of large intrusive
bodies that have intruded the host country rocks.
• The Nabiga-a Hill project host rocks are part of the
Negros Occidental Island, which is situated in
western Visayas, Central Philippines. The eastern
part of the island comprises a NNE trending
volcanic arc related to the eastward subduction
beneath the Negros Trench in the southwest offshore of Negros Island.
• The major rocks identified are a series of intrusions
which exist within an older host rock setting of
basalt rocks that are overlain by felsic tuffs and
metamorphosed sedimentary rocks. These rocks
are in turn overlain by Quaternary pyroclastic rocks
that consist of tuff and tuff breccias. Intrusions
include diorite and andesite porphyry. Post-mineral
Pliocene to Pleistocene andesitic to dacitic volcanics
cover the northern part of the area.
• Three distinct diorite intrusives were identified,
following the local nomenclature in the Project,
these are (from oldest to youngest) the: (1)
Equigranular Diorite (MEQ), (2) Medium-grained
Porphyritic Diorite (MPOC), and the (3) Fine-grained
Equigranular Diorite (FEQ). These intrusive rocks
have distinct textures and visible cross cutting
relationships.
• Widespread strong silica clay and outer chlorite
alteration is notable in the deposit. This 8km by 4km
alteration zone is indicative of a large magmatic
hydrothermal system. the surface alteration is
approximately 1.7km by 1.7km, which tends to
extend southwest along possible controlling
structures.
• The following are the established ore types in the
deposit:
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o
Ore Type 1 – Early porphyry to late porphyry
mineralisation
o
Ore Type 2 – Mixed zone of late porphyry
mineralisation and epithermal mineralisation.
o
Ore Type 3 – possible mixed zone of supergene
enrichment and high sulfidation to intermediate
sulfidation epithermal mineralisation. Divided
into OT3A and OT3B based on the associated
mineral assemblages.
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13
Criteria
JORC Code explanation
Commentary
Drill hole
Information
• A summary of all
information material to
the understanding of the
exploration results
including a tabulation of
the following information
for all Material drill
holes:
• See Table 1 for all details pertaining to drill holes
which are the subject of this release.
• easting and northing of
the drill hole collar
• No drill hole information has been excluded.
• In summary, the drill hole in the database for the
Property which relate specifically to the Nabiga-a
area consists of 45 diamond core drilled holes with
an accumulative meterage of 25,782.1m after the
inclusion of the drill holes which are the subject of
this release.
• 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
methods
• In reporting Exploration
Results, weighting
averaging techniques,
maximum and/or
minimum grade
truncations (e.g. cutting
of high grades) and cutoff grades are usually
Material and should be
stated.
• Where aggregate
intercepts incorporate
short lengths of highgrade results and longer
lengths of low-grade
results, the procedure
used for such
aggregation should be
stated and some typical
examples of such
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