Talisman commences drilling at Yarindury Porphyry Cu-Au Pros
Released
Released
Announcement PDF
ASX: TLM | 30 September 2024
ASX Announcement
Talisman commences drilling at Yarindury
Porphyry Cu-Au Prospect in NSW
Maiden drilling program to test large geophysical anomalies
Highlights:
•
Diamond drilling program commenced.
•
Large, km scale, high amplitude magnetic geophysical anomaly to be tested.
•
Land access agreement signed and exploration work approved by NSW Department of Primary
Industries and Regional Development.
•
Yarindury Prospect Exploration Licence (EL9679) covers a large porphyry-style copper-gold target, 30km
east of Dubbo in the highly prospective Molong Volcanic Belt, part of Macquarie Volcanic Arc.
•
An initial diamond drilling program comprising up to five holes is planned to test the anomalies,
scheduled to be completed in the December quarter.
Talisman Mining Limited (ASX: TLM, Talisman) is pleased to advise it has commenced drilling at its granted
tenement, EL 9679, named the “Yarindury Prospect”, located 30km east of Dubbo in the Molong Volcanic Belt of
the Macquarie Volcanic Arc of central-western NSW. Yarindury contains a number of interpreted porphyry-style
magnetic targets with confirmed prospective geology and copper-gold anomalism buried below post mineral
cover.
The Yarindury Prospect lies in the same highly prospective geological and mineralised belt as Alkane Resources’
(ASX: ALK) Boda-Kaiser Project (located 20km to the south-east), which contains a Mineral Resource of 8.3Moz
of gold and 1.5Mt of copper.1,3 Newmont’s (NYSE: NEM) world class Cadia copper-gold mine, containing 17 Moz
gold and 3.6Mt copper, also lies within the Molong Volcanic Belt, 100 km along strike to the south of the
Yarindury Prospect. The rock types and geophysical anomalies at Yarindury are broadly similar to features
evident at Cadia 2,3.
The Yarindury Prospect was previously held by Alice Queen Limited, who completed two diamond drill holes
(MEMD0001 and MEMD0002) in JV with Newcrest in 2017. MEMD0001 intersected favourable rock units with
weakly anomalous copper and gold mineralisation. However, no drilling has been completed over the largest
and strongest amplitude magnetic anomaly on the western boundary of the Molong Volcanic Belt.
Yarindury EL 9679 is illustrated in Figure 1 and Figure 2.
The planned re-commencement of drilling at Durnings will follow the completion of the initial program at
Yarindury.
1 See ALK ASX Announcements dated 14 December 2023 and 29 April 2024.
2https://operations.newmont.com/australia/cadia
3. The existence of, size and grade of the Mineral Resource Estimates at Boda/Kaiser and Ore Reserves at Cadia does not guarantee that
such deposits are discoverable at the Yarindury Prospect and TLM has not done sufficient work yet in order to be able to classify its own MRE
at the project.
Talisman Mining | Suite 1, Ground Floor, 33 Colin St, West Perth 6005
ABN
ABN71079
71079536
536495
495
talismanmining.com.au
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Figure 1 – Yarindury Prospect location plan highlighting prospect locations along the
Molong Volcanic Belt. Porphyry Cu-Au deposits in the belt include Cadia-Ridgeway, Copper Hill, Junction Reefs
and Boda-Kaiser. Other Talisman tenure in the area (to the north, south and east of Parkes in the Junee
Narromine Volcanic Belt) is also shown.
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Figure 2 – Yarindury Prospect EL 9679 over regional magnetics. The elevated magnetic response in the centre of
the image is known as the Molong Volcanic Belt, part of the Macquarie Volcanic Arc. Strong magnetic features
within and along the margins of the belt are excellent exploration targets for porphyry and intrusion related CuAu deposits.
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Geology and Mineralisation
The Yarindury Prospect is located along the northernmost extension of the Molong Volcanic Belt where it
contacts and underlies post-mineral Surat Basin Mesozoic-age sediments.
The Molong Volcanic Belt comprises a number of distinctive, interleaved, magnetic and non-magnetic
geophysical strips that can be traced for more than 200km to the south. Talisman’s objective at Yarindury is to
explore the Molong Volcanic Belt basement elements for Tier 1 porphyry or other intrusion related copper and
gold deposits.
The Molong Volcanic Belt comprises:
i)
the Ordovician-age volcanic rock package which contains a number of high-level intrusions
marked by high-amplitude magnetic geophysical responses; and
ii)
the adjacent, lesser magnetic Silurian-Devonian age sediments intruded locally by discrete,
elliptical-shaped, younger and less prospective magnetic granite batholiths.
Regionally, the Molong Volcanic Belt hosts the world-class Cadia porphyry Cu-Au system (17Moz Au and 3.6Mt
Cu2,3), located 100km to the south; the recently discovered 8.5Moz Au and 1.5Mt Cu1,3, Boda-Kaiser deposits of
Alkane Resources, located 20km south-east of Yarindury and a number of other significant porphyry-style
prospects. These major porphyry deposits all occur within or around the margins of complex, high-amplitude,
sub-volcanic intrusion bearing, magnetic nodes that occur along the belt.
In the south-west corner of the Yarindury licence, on the structurally complex, western margin of the Molong
Volcanic Belt, lies a large ~2km diameter, high amplitude, annular magnetic anomaly (Figure 2). This anomaly is
the primary exploration target within the Yarindury Prospect area. Annular magnetic anomalies are classically
associated with Cu-Au stock-work mineralised aureoles developed around less magnetic and/or altered,
vertical, porphyry pipe intrusions.
The highly prospective regional setting and characteristics of this large magnetic anomaly presents a potential
high-quality buried porphyry Cu-Au target. In addition, a number of other magnetic anomalies are also present
within the licence (Figure 2).
Project Background
Previous explorers include Newcrest Mining in JV with Alice Queen Limited and Golden Cross Resources.
Figures 2 and 3 shows where in 2017 Newcrest/Alice Queen drilled two vertical diamond holes MEMD0001 (total
depth 414.2m, depth to basement 215m) and MEMD0002 (total depth 363.4m, depth to basement 250m)
targeting magnetic anomalies interpreted as potential porphyry intrusion style mineralisation. The holes
intersected altered volcanic rocks of likely Ordovician age with weakly anomalous copper mineralisation.
Newcrest/Alice Queen planned but did not drill the high amplitude magnetic feature at Yarindury which
Talisman is now targeting.
In 2008, Golden Cross, using lower resolution magnetic survey data, targeted the western margin of the
Yarindury anomaly with a single drill hole (GCYAR001). The hole did not intersect basement rocks and was
abandoned after encountering 252m of barren Mesozoic sediments. See Figure 3.
1 See ALK ASX Announcements dated 14 December 2023 and 29 April 2024.
1https://operations.newmont.com/australia/cadia
3. The existence of, size and grade of the Mineral Resource Estimates at Boda/Kaiser and Ore Reserve Estimate at Cadia does not guarantee
that such deposits are discoverable at the Yarindury Prospect and TLM has not done sufficient work yet in order to be able to classify its own
MRE at the project.
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Figure 3 – Yarindury target over processed magnetics image. Gravity contours are illustrated in white lines.
Proposed TLM drill hole locations illustrated by orange circles. The 2.0 km diameter strong magnetic feature
along the western margin of the Molong Volcanic Belt is the primary target. Historical drill hole, GCYAR001 (blue
circle) did not penetrate the overlying barren sediments.
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Yarindury – Work Plan and Drill Testing
Talisman Mining has signed a landholder access agreement and received all necessary exploration work
approvals from the NSW Department of Primary Industries and Regional Development.
The proposed exploration program consists of five diamond drill holes targeted within the large geophysical
feature. Additional diamond drilling will be undertaken if geological prospectivity and presence of mineralisation
is confirmed.
Drilling has commenced and is scheduled to be completed in the December quarter.
Management Comment
Talisman’s Managing Director, Andrew Munckton, said: “The commencement of exploration drilling of the
Yarindury Prospect offers an exciting new addition to our exploration portfolio.
“At a time of strengthening copper and gold prices around the world, this new project offers exploration
exposure to the Tier 1 Molong Volcanic Belt of the Macquarie Volcanic Arc which hosts several major porphyry
style copper-gold deposits. Yarindury’s location and its comparison with the other geophysically similar
deposits in the belt clearly demonstrates the quality of the opportunity.
“The initial diamond drilling program has commenced, following receipt of NSW government approvals.
Importantly, this initial phase of drilling will provide us with detailed geological context as to the style and scale
of potential copper-gold mineralisation associated with the large geophysical anomaly.
“We’re greatly looking forward to the drilling of this target and will update the market once drilling results have
been received.”
“The porphyry copper-gold Yarindury Prospect is complementary to the advanced poly-metallic exploration at
our Cobar Basin-hosted Durnings Project. The recent exciting exploration results at Durnings will be followed up
as quickly as possible once access to the project is re-established following heavy rainfall in late June and the
program of drilling at Yarindury currently underway has been completed.”
–– Ends ––
For further information, please contact:
Andrew Munckton - Managing Director
+61 4 3563 5598
Nicholas Read (Media inquiries)
+61 4199 29046
This release has been authorised by the Board of Talisman Mining Limited.
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Table 1: Drill-hole information summary - Yarindury
Details and coordinates of historical drill holes relevant to this release.
Company
Year
Drilled
Hole ID
Hole
Type
Easting
MGA
Northing
MGA
RL
Dip
Azimuth
EOH Depth
(m)
Clancey Exploration Ltd
2008
SRC001
RC
688298
6453398
399
-90
0
156
Newcrest Mining Ltd
2017
MEMD0001
DD
685638
6437633
340
-89.2
76.76
414.2
Newcrest Mining Ltd
2017
MEMD0002
DD
687974
6439970
360
-90
0
363.4
Golden Cross Resources
2008
CGYAR001
RC
682572
6435084
385
-90
0
252
About Talisman Mining
Talisman Mining Limited (ASX: TLM) is an Australian mineral development and exploration company. The
Company’s aim is to maximise shareholder value through exploration, discovery and development of
complementary opportunities in base and precious metals.
Talisman has secured tenements in the Cobar/Mineral Hill region in Central NSW through the grant of its own
Exploration Licenses and through a joint venture agreement. The Cobar/Mineral Hill region is a richly mineralised
district that hosts several base and precious metal mines including the CSA, Tritton, and Hera/Nymagee mines.
This region contains highly prospective geology that has produced many long-life, high-grade mineral
discoveries. Talisman has identified several areas within its Lachlan Cu-Au Project tenements that show
evidence of base and precious metals endowment which have had very little modern systematic exploration
completed to date. Talisman believes there is significant potential for the discovery of substantial base metals
and gold mineralisation within this land package and is undertaking active exploration to test a number of these
targets.
Talisman also has secured access to over 1040 km2 of highly prospective tenure in South Australia’s Gawler
Craton known as the Mabel Creek Project. Mabel Creek is prospective for large scale Iron Oxide Copper Gold
(IOCG) deposits and intrusion related rare earths and battery metals mineralisation. Mable Creek is surrounded
by similar tenure owned and being actively explored by Australia’s biggest resource companies including BHP,
Rio Tinto and FMG.
Competent Person’s Statement
Information in this announcement that relates to Exploration Results and Exploration Targets is based on, and
fairly represents information and supporting documentation compiled by Dr Tim Sharp, who is a member of the
Australasian Institute of Geoscientists. Dr Sharp is a full-time employee of Talisman Mining Ltd and has
sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration
and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the
“Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr Sharp has
reviewed the contents of this announcement and consents to the inclusion in this announcement of all
technical statements based on his information in the form and context in which they appear.
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Forward-Looking Statements
This ASX release may include forward-looking statements. These forward-looking statements are not historical
facts but rather are based on Talisman Mining Ltd.’s current expectations, estimates and assumptions about the
industry in which Talisman Mining Ltd operates, and beliefs and assumptions regarding Talisman Mining Ltd.’s
future performance. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”,
“estimates”, “potential” and similar expressions are intended to identify forward-looking statements. Forwardlooking statements are only predictions and are not guaranteed, and they are subject to known and unknown
risks, uncertainties, and assumptions, some of which are outside the control of Talisman Mining Ltd. Past
performance is not necessarily a guide to future performance and no representation or warranty is made as to
the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Actual
values, results or events may be materially different to those expressed or implied in this presentation. Given
these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forwardlooking statements in this announcement speak only at the date of issue of this announcement. Subject to any
continuing obligations under applicable law and the ASX Listing Rules, Talisman Mining Ltd does not undertake
any obligation to update or revise any information or any of the forward-looking statements in this
announcement or any changes in events, conditions, or circumstances on which any such forward looking
statement is based.
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Appendix 2
JORC Tables Section 1 & 2
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-hole gamma
sondes, or handheld XRF instruments, etc.).
These examples should not be taken as limiting
the broad meaning of sampling.
•
Include reference to measures taken to ensure
sample representivity and the appropriate
calibration of any measurement tools or
systems used.
•
Drilling
techniques
Drill
sample
recovery
•
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 3kg 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.
Drill type (e.g. core, reverse circulation, openhole 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).
•
Method of recording and assessing core and
chip sample recoveries and results assessed.
•
Measures taken to maximise sample recovery
and ensure representative nature of the
samples.
Commentary
•
Newcrest Diamond Holes MEMD0001 &
MEMD0002: Half core samples intervals varied
from 0.2 to 2 m in length but were predominantly
aligned to 2m intervals. 3kg was pulverised to
produce a 50g charge for analysis by fire assay
(FA50/MS) and multi-element 4-acid digestion
(4AMS). Samples were prepared by Newcrest
Laboratory Services, Orange and dispatched to
Intertek Laboratories, Perth for analysis.
•
Golden Cross Resources RC Hole GCYAR001:
No samples collected as basement magnetic
target was not intersected and hole was
abandoned within Mesozoic sediments.
•
Clancy Exploration RC Hole SCR0001: Samples
were collected as 10m composites, unless
encouraging signs were observed, then samples
were 1m composites. A total of 11 samples were
submitted for assay to ALS Orange.
•
Newcrest Diamond Holes MEMD0001 &
MEMD0002: Diamond holes drilled by Deepcore
Australia Pty Ltd using a Moorooka-mounted
LF130 core rig using triple tube drilling
equipment with precollars completed using
mud-rotary. All drill core was orientated where
possible using the Reflex ACT III RD downhole
Unit. Drill hole surveys were conducted using a
Reflex EZ-Trac instrument with appropriate
routine QC and calibration.
•
Golden Cross Resources RC Hole GCYAR001:
RC holes drilled to 252m by Tom Browne Drilling.
Vertical hole.
•
Clancy Exploration RC Hole SCR0001: RC holes
drilled to 156m by Techdrill Pty Ltd. Vertical hole.
•
Newcrest Diamond Holes MEMD0001 &
MEMD0002: Core recovery was generally greater
than 95%.
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•
Logging
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.
•
Golden Cross Resources RC Hole GCYAR001:
RC recovery details were not included in
historical report.
•
Clancy Exploration RC Hole SCR0001: RC
recovery details were not included in historical
report.
•
Whether core and chip samples have been
geologically and geotechnically logged to a
level of detail to support appropriate Mineral
Resource estimation, mining studies and
metallurgical studies.
•
•
Whether logging is qualitative or quantitative in
nature. Core (or costean, channel, etc.)
photography.
Newcrest Diamond Holes MEMD0001 &
MEMD0002: Geological logging was both
qualitative and quantitative and recorded
lithology, mineralisation, alteration, mineralogy,
weathering, structural characteristics and other
physical characteristics of the core.
•
Golden Cross Resources RC Hole GCYAR001:
Geological logging was both qualitative and
quantitative and recorded lithology of Mesozoic
sediments. No basement was intersected. Hole
was abandoned in Mesozoic sediments.
•
Clancy Exploration RC Hole SCR0001:
Geological logging was both qualitative and
quantitative and recorded lithology and recovery
of Mesozoic sediments. No basement was
intersected.
•
Newcrest Diamond Holes MEMD0001 &
MEMD0002: Half core samples were prepared
by Newcrest Laboratory Services. DD samples
were dried, crushed, split and pulverised to
produce 50g subsample for analysis by fire
assay (FA50/MS) and multi-element 4-acid
digestion (4AMS). QAQC protocols for all DD
sampling involved the use of Certified Reference
Material (CRM) as assay standards.
•
Golden Cross Resources RC Hole GCYAR001:
No samples collected as basement was not
intersected and hole was abandoned in
Mesozoic sediments.
•
Clancy Exploration RC Hole SCR0001: Samples
were collected as 10m composites, unless
encouraging signs were observed, then samples
were 1m composites. A total of 11 samples were
submitted for assay to ALS Orange. QAQC
protocol details were not included in historical
report.
•
Subsampling
techniques
and sample
preparation
Quality of
assay data
and
laboratory
tests
The total length and percentage of the relevant
intersections logged.
•
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 subsampling stages to maximise representivity of
samples.
•
Measures taken to ensure that the sampling is
representative of the in-situ material collected,
including for instance results for field
duplicate/second-half sampling.
•
Whether sample sizes are appropriate to the
grain size of the material being sampled.
•
The nature, quality and appropriateness of the
assaying and laboratory procedures used and
whether the technique is considered partial or
total.
•
Newcrest Diamond Holes MEMD0001 &
MEMD0002: QAQC protocols included
Duplicates inserted at 1 in 20 and Certified
Reference Standard inserted at 1:20.
•
For geophysical tools, spectrometres,
handheld XRF instruments, etc, the parametres
used in determining the analysis including
instrument make and model, reading times,
•
Golden Cross Resources RC Hole GCYAR001:
No samples collected as basement wasn’t
intersected and hole was abandoned in
Mesozoic sediments.
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calibrations factors applied and their
derivation, etc.
Verification
of sampling
and
assaying
Location of
data points
Data
spacing
and
distribution
Orientation
of data in
relation to
geological
structure
•
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.
•
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.
•
Accuracy and quality of surveys used to locate
drill-holes (collar and down- hole surveys),
trenches, mine workings and other locations
used in Mineral Resource estimation.
•
Specification of the grid system used.
•
Quality and adequacy of topographic control.
•
Data spacing for reporting of Exploration
Results.
•
Whether the data spacing and distribution is
sufficient to establish the degree of geological
and grade continuity appropriate for the
Mineral Resource and Ore Reserve estimation
procedure(s) and classifications applied.
•
Whether sample compositing has been
applied.
•
Whether the orientation of sampling achieves
unbiased sampling of possible structures and
the extent to which this is known, considering
the deposit type.
•
If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to have
introduced a sampling bias, this should be
assessed and reported if material.
•
Clancy Exploration RC Hole SCR0001: Sample
quality control details were not included in
historical report.
•
Newcrest Diamond Holes MEMD0001 &
MEMD0002: No significant intercepts recorded.
All primary logging, sampling and assay data is
available for download from the NSW DIGS
website as text files.
•
Golden Cross Resources RC Hole GCYAR001:
No samples collected as basement wasn’t
intersected and hole was abandoned in
Mesozoic sediments. All primary logging data is
available for download from the NSW DIGS
website as text files.
•
Golden Cross Resources RC Hole GCYAR001:
No significant intercepts recorded. All primary
logging data is available for download from the
NSW DIGS website as text files.
•
Newcrest Diamond drill collar locations
collected using hand held GPS.
•
Clancy and Golden Cross RC drill collar
locations collected using DGPS.
•
The coordinate system used is the Geocentric
Datum of Australia (GDA) 1994. All coordinates
are in the Map Grid of Australia zone 55 (MGA),
Universal Transverse Mercator.
•
Historical vertical holes drilled to test magnetic
anomalies in basement.
•
Historical vertical holes drilled to test magnetic
anomalies in basement.
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Sample
security
Audits or
reviews
•
The measures taken to ensure sample security.
•
The results of any audits or reviews of sampling
techniques and data.
•
Newcrest diamond holes MEMD001 &
MEMD002: Security measure details were not
included in historical report.
•
Golden Cross Resources RC Hole GCYAR001:
No samples collected as basement wasn’t
intersected and hole was abandoned in
Mesozoic sediments.
•
Clancy Exploration RC Hole SCR0001: Security
measure details were not included in historical
reports.
•
No external audits or reviews of the sampling
techniques and data have been reported.
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section)
Criteria
Mineral
tenement
and land
tenure
status
Exploration
done by
other parties
Geology
Drill-hole
JORC Code explanation
•
Type, reference name/number, location and
ownership including agreements or material
issues with third parties such as joint
ventures, partnerships, overriding royalties,
native title interests, historical sites,
wilderness or national park and
environmental settings.
•
The security of the tenure held at the time of
reporting along with any known impediments
to obtaining a licence to operate in the area.
•
Acknowledgment and appraisal of
exploration by other parties.
•
Deposit type, geological setting and style of
mineralisation.
•
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:
•
easting and northing of the drill-hole collar
Information
Commentary
•
EL9679 is held 100% by Haverford Holdings a 100%
owned subsidiary of Talisman Mining.
•
The tenement is in good standing and there are no
existing known impediments to exploration or
mining.
•
The Yarindury Copper-Gold Project has been
subject to exploration by several previous explorers
including Golden Cross Resources, Alice Queen Ltd
and Newcrest Mining Ltd.
•
Exploration work has included diamond, RC drilling,
geological mapping, geological interpretation and
geophysics (airborne magnetics, ground gravity).
•
The Yarindury Copper-Gold Project lies within the
Molong Volcanic Belt of the Lachlan Fold belt in
NSW.
•
The Yarindury Copper-Gold Project is considered
prospective for Cu-Au porphyry style mineralisation.
•
Historical drilling has been appropriately referenced
to source information (see Table 1 and historical
reports below).
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Data
aggregation
methods
Relationship
between
mineralisati
on widths
and
intercept
lengths
Diagrams
•
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.
•
In reporting Exploration Results, weighting
averaging techniques, maximum and/or
minimum grade truncations (e.g. cutting of
high grades) and cut-off grades are usually
material and should be stated.
•
Where aggregate intercepts incorporate
short lengths of high-grade results and
longer lengths of low-grade results, the
procedure used for such aggregation should
be stated and some typical examples of
such aggregations should be shown in detail.
•
The assumptions used for any reporting of
metal equivalent values should be clearly
stated.
•
These relationships are particularly
important in the reporting of Exploration
Results.
•
If the geometry of the mineralisation with
respect to the drill-hole angle is known, its
nature should be reported.
•
If it is not known and only the down hole
lengths are reported, there should be a clear
statement to this effect (e.g. ‘down hole
length, true width not known’).
•
Historical Drilling Report References (NSW Resources
DIGS Site)
•
Newcrest Ltd 2018 First Annual Exploration Report
on EL8565 (RE0010608).
•
Golden Cross Resources 2008 Second and Final
Annual Exploration Report on EL6724 (R00030990).
•
Clancy Exploration Ltd 2009 Third and Third Annual
Reports for the Period EL6536 (R00037963).
•
No significant intercepts reported.
•
No significant mineralisation was identified in any of
the historical holes.
Appropriate maps and sections (with scales)
and tabulations of intercepts should be
included for any significant discovery being
reported These should include, but not be
limited to a plan view of drill-hole collar
locations and appropriate sectional views.
•
Appropriate maps with scale are included within the
body of the accompanying document.
Where comprehensive reporting of all
Exploration Results is not practicable,
representative reporting of both low and high
grades and/or widths should be practiced to
avoid misleading reporting of Exploration
Results.
•
All relevant data is reported and provides an
appropriate representation of the results.
•
The accompanying document is considered to
represent a balanced report.
•
Balanced
re
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