Perseus Increases Edikan’S Inventories of Mineral Resources and ORE Reserves
JULY 19, 2022
NEWS RELEASE
PERSEUS MINING LIMITED
Level 2, 437 Roberts Road, Subiaco WA 6008
ABN: 27 106 808 986
1
PERSEUS INCREASES EDIKAN’S INVENTORIES OF MINERAL
RESOURCES AND ORE RESERVES
Perth/Western Australia/ July 19, 2022/ Perseus Mining Limited (ASX/TSX: PRU) has completed a Feasibility Study on
the Nkosuo Project, located approximately seven kilometres north-northwest of its Edikan Gold Mine in Ghana, adding
substantial Mineral Resources and Ore Reserves to Edikan’s previously published inventory.
HIGHLIGHTS
• Indicated Mineral Resources1 at Nkosuo amount to 14.5Mt at 0.91g/t for 422,000 ounces of contained gold, and
Inferred Mineral Resources are estimated at 0.95 million tonnes grading 0.90 g/t gold containing 27,000 ounces of
gold at 30 June 2022.
• Probable Ore Reserves1 total 10 million tonnes of ore grading 1.04g/t gold and containing 332,000 ounces of gold.
• Planned processing of the Nkosuo Ore Reserves in the Edikan mill is expected to increase the life of the Edikan
operation by 18 to 24 months, extending the mine life to FY2027.
Nkosuo Measured and Indicated Mineral Resources as at 30 June 2022
PROJECT DEPOSIT
TYPE
MEASURED RESOURCES INDICATED RESOURCES MEASURED + INDICATED
RESOURCES
Quantity
Mt
Grade
g/t gold
Gold
'000 oz
Quantity
Mt
Grade
g/t gold
Gold
'000 oz
Quantity
Mt
Grade
g/t gold
Gold
'000 oz
Nkosuo1 - - - 14.5 0.91 422 14.5 0.91 422
Total - - - 14.5 0.91 422 14.5 0.91 422
1 Refer to Notes in the individual tables of Mineral Resources and Ore Reserves.
Nkosuo Proved and Probable Ore Reserves as at 30 June 2022
DEPOSIT DEPOSIT
TYPE
PROVED PROBABLE PROVED + PROBABLE
Quantity
Mt
Grade
g/t gold
Gold
‘000 oz
Quantity
Mt
Grade
g/t gold
Gold
‘000 oz
Quantity
Mt
Grade
g/t gold
Gold
‘000 oz
Nkosuo1 - - - 10.0 1.04 332 10.0 1.04 332
Total - - - 10.0 1.04 332 10.0 1.04 332
1 Refer to Notes in the individual tables of Mineral Resources and Ore Reserves.
Perseus’s Managing Director and CEO Jeff Quartermaine said:
“The addition of Mineral Resources and Ore Reserves from the Nkosuo Project adds significantly to the mine life at
Edikan Gold Mine, ensuring operations can continue while Perseus conducts further exploration on the recently
acquired Agyakusu Exploration Permit and two other adjoining Exploration Permits that are under option to Perseus.
We believe that the discovery of additional Ore Reserves in trucking distance of existing infrastructure is the most cost
effective means available to Perseus of creating value for shareholders. With this objective, further exploration on the
nearby tenements will be well funded by Perseus and we are optimistic of discovering further deposits of a similar scale
to Nkosuo that will further add to the mine life of the Edikan operation.”
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OVERVIEW OF NKOSUO
Nkosuo is located in Ghana, West Africa, approximately 40 kilometres southwest of the regional town of Obuasi, 200
kilometres west-northwest of the capital Accra and seven kilometres to the north-northwest of Perseus’s Edikan Gold
Mine near the town of Ayanfuri.
A Feasibility Study has been completed on the development of mineralisation discovered by Perseus at Nkosuo
resulting in the estimation of an Ore Reserve of 332,000 ounces (contained) producing 272,000 ounces (recovered)
over three years of mining. All in site costs (AISCs) are expected to be in the range of US$870-US$890 per ounce for
Nkosuo.
The area of the Nkosuo Project is underlain principally by Paleoproterozoic Birimian flysch-type metasediments
consisting of dacitic volcaniclastics, greywackes plus argillaceous (phyllitic) sediments, intensely folded, faulted and
metamorphosed to upper greenschist facies. Numerous small “Basin-type” or “Cape Coast-type” granite bodies have
intruded the sediments along several regional structures.
The Nkosuo Project comprises mineralisation hosted by a single north-northeast striking granitoid body measuring at
least 600 metres along strike, typically 250 metres horizontal width and dipping approximately 75 degrees toward
west-northwest.
Nkosuo will be mined in a single open pit, with a waste dump located to the west of the pit as shown in Figure 1. Ore
from the pit will be trucked on a dedicated haul road to the Edikan processing plant for co-processing with ores from
existing Edikan open pits and stockpiles.
Figure 1: Nkosuo Project Layout
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MINERAL RESOURCE ESTIMATE S
The Mineral Resource estimates are reported in accordance with the 2012 Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). The classification categories of Measured,
Indicated and Inferred under the JORC Code are equivalent to the CIM categories of the same names (CIM, 2014).
For a comprehensive description of the Nkosuo Mineral Resource estimates, refer to the JORC tables included in
Appendix 1. The currently estimated Mineral Resources at Nkosuo are summarised in Table 1 and 2 below.
Table 1: Nkosuo Measured and Indicated Mineral Resources –30 June 2022 1,2
PROJECT DEPOSIT
TYPE
MEASURED RESOURCES INDICATED RESOURCES MEASURED + INDICATED
RESOURCES
Quantity
Mt
Grade
g/t gold
Gold
'000 oz
Quantity
Mt
Grade
g/t gold
Gold
'000 oz
Quantity
Mt
Grade
g/t gold
Gold
'000 oz
Nkosuo 3,4 Open Pit - - - 14.5 0.91 422 14.5 0.91 422
Total - - - 14.5 0.91 422 14.5 0.91 422
Table 2: Nkosuo Inferred Mineral Resources – 30 June 2022 2
PROJECT DEPOSIT
TYPE
INFERRED RESOURCES
Quantity
Mt
Grade
g/t gold
Gold
'000 oz
Nkosuo 3,4 Open Pit 0.95 0.9 27
Total 0.95 0.9 27
Notes:
1. Indicated Mineral Resources are inclusive of Ore Reserves.
2. Rounding of numbers to appropriate precisions may have resulted in apparent inconsistencies.
3. Based on June 2022 Mineral Resource model constrained to US$1,800/oz pit shell.
0.3g/t gold cut-off applied to in situ material.
GEOLOGY
The Nkosuo project is an addition to the Edikan group of gold deposits that occur near the western flank of the
Ashanti Greenstone Belt in south-western Ghana. The regional geology of the Edikan property is underlain principally
by Paleoproterozoic Birimian metasediments of the Kumasi-Afema basin, positioned between the Ashanti and Sefwi
Greenstone Belts.
Nkosuo is a granite -hosted orogenic gold deposit with structurally controlled mineralisation occurring with
disseminated pyrite-arsenopyrite mineralisation associated with quartz veining and sericite alteration within the
granite. The surrounding metasedimentary rocks are almost entirely devoid of mineralisation.
The granitoid body at Nkosuo hosting the gold mineralisation strikes north-northeast with an identified length of 600
metres along strike and typically 250 metres in horizontal width that dips 75 degrees towards the west -northwest.
Drilling has confirmed that the granitoid body is continuous to at least 350 metres vertical depth below surface. The
entire granite is not mineralised throughout but drilling to date indicates substantial zones of gold mineralisation up
to 100 metres horizontal width.
DRILLING TECHNIQUES
Nkosuo Mineral Resources are delineated by 222 drill holes for a total of 36,982 metres comprised of reverse
circulation (“RC”) and diamond core drill holes drilled by Perseus since 2021. The global Nkosuo Mineral Resource
estimates are informed entirely by Perseus drilling with a breakdown by sample type of 43% RC and 57% diamond.
This ratio changes for the Mineral Resource constrained within the US$1,800 pit optimisation to 22% RC and 77%
diamond. RC drilling used face-sampling hammers with 139-millimetre hole diameter and the diamond core was HQ
in the weathered material which changed to NQ2 in the fresh material.
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Drill hole collar locations have been surveyed by qualified surveyors. Both RC and diamond core holes were down -
hole surveyed at nominal 30 metre intervals.
Orientation of most drill holes at Nkosuo is approximately perpendicular to the strike of mineralisation. Drilling has
occurred at 20 metres spacing on 40 metre spaced traverses with holes generally dipping at -55 degrees towards 119
degrees azimuth with partial infill to 20 metres by 20 metres in places. Drill coverage generally extends to about 150
metres vertical depth and to a maximum depth of about 380 metres.
SAMPLING
RC drill samples were collected at drill sites at 1 metre intervals and split using multi -stage riffle splitters. For the
majority of Perseus’s drilling, each two consecutive samples were composited into one sample for assaying. Sample
weights were nominally 2.5 kilograms and 5 kilograms for 1 metre and 2 metre samples respectively.
Diamond core was sawn in half using a diamond blade saw, with the right -hand half sent for assaying and the left -
hand half stored in core trays for reference. Samples were normally taken at 1 metre intervals.
RC drill samples were logged visually for recovery, sample condition (i.e., dry, damp, wet) and contamination. Sample
condition logs are available for 96% of RC samples within the mineralised granite. Recovered sample weight s are
available for 64% of RC samples and RC sample recoveries ranged from an estimated 46% for highly weathered to
80% for fresh material. Diamond core recoveries were measured linearly per drill run. Core recoveries averaged 67%
in weathered materials an d 98% in fresh rock. There is no indication of a relationship between gold grades and
RC/Diamond sample recoveries.
SAMPLE ANALYTICAL METHODS
All sample preparation and assaying was carried out by commercial laboratories; no sample preparation was
undertaken by Perseus. Preparation of core and RC samples followed a standard path of drying at 105 degrees Celsius
for at least 12 hours, crushing the entire sample to 85% passing -2 millimetres and grinding a 1.5 kilogram split to
85% passing 75 microns. 300gram pulp subsamples are selected by multiple scoop passes.
All RC and diamond core samples have been assayed by 50-gram fire assay with AAS determination by Intertek Testing
Services Ghana at their Tarkwa assay laboratory. The technique is considered a total extraction technique
Perseus’s quality assurance and quality control “QAQC” procedures included submission of coarse blanks inserted at
1 in 20, certified reference standards at 1 in 20, internal laboratory standards, duplicates and repeats .
ESTIMATION METHODOLOGY – OPEN PIT MINERAL RESOURCES
Mineral Resources were estimated by Multiple Indicator Kriging (“MIK”) of 2 metre down -hole composited gold
grades from RC and diamond drilling . Compositing and wireframing were performed using Micromine software.
Exploratory data analysis, variogram calculation and modelling, and resource estimation were performed using FSSI
Consultants (Australia) Pty Ltd (FSSI) GS3M software.
A total of 10 holes were excluded from the estimate due to hole twinning to prevent clustering effects in the
estimates which represented approximately 3% of the mineralised domain composites being excluded.
Mineralised domains used for resource estimation delineate zones within which the tenor and spatial trends of
mineralisation are similar. Sample data were also separated into sub -domains representing weathering horizons
using surfaces provided by Perse us. Grade continuity was characterised by indicator variograms modelled at 14
indicator thresholds. At Nkosuo, class grades were derived from class mean grades with the exception of upper bin
grades which were derived from class medians.
The above approaches to treatment of high grades reduces the impact of small numbers of extreme grades on
estimates of resources.
At Nkosuo, Mineral Resources were estimated into panels with dimensions 2 0 metres x 20 metres x 5 metres (X, Y,
Z), approximating the drill hole spacing in the closer spaced parts of the drill pattern.
The estimates include variance adjustments to provide estimates of recoverable resources expected to be
recoverable by open pit mining on the scale presently practiced at Edikan.
CRITERIA FOR RESOURCE CLASSIFICATION
Nkosuo estimates were classified as Indicated and Inferred based on the data collected (geology, survey and assaying
data), the density of data, and the confidence in the geological model and mineralisation model. Indicated resources
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are informed by drilling spaced at up to 40 metres by 40 metres and Inferred resources are on the peripheries of
drilling out to a maximum distance of approximately 40 metres from drilling.
CUT-OFF GRADE
The cut-off grade of 0. 3g/t gold for the stated open pit Mineral Resource estimates reflects economic parameters
deriving from current and anticipated mining practices at Nkosuo and a gold price of US$1,800/oz.
REASONABLE PROSPECTS FOR EVENTUAL ECONOMIC EXTRACTION
Mineral Resources are reported within an optimal pit shell generated using cost and revenue parameters in the
Nkosuo Feasibility Study and a gold price of US$1,800/oz.
ORE RESERVE ESTIMATE
The Ore Reserve is summarised below in Table 3 and is based on the Nkosuo Mineral Resources as at 30 June 2022.
Ore Reserves are reported in accordance with the JORC Code and are reported by category, deposit and type, above
variable cut-off grades. The classification categories of Proved and Probable under the JORC Code are equivalent to the
CIM Proven Mineral Reserve and Probable Mineral Reserve categories respectively (CIM, 2010). Appendix 1 provides
the JORC Table 1 criteria for the Nkosuo Ore Reserves.
The Probable Ore Reserves for Nkosuo are estimated as 10.0 Mt grading 1.04 g/t gold, containing 332,000 ounces
of gold, with no Proved Ore Reserves currently identified.
Table 3: Nkosuo Proved and Probable Ore Reserves as at 30 June 2022
DEPOSIT DEPOSIT
TYPE
PROVED PROBABLE PROVED + PROBABLE
Quantity
Mt
Grade
g/t gold
Gold
‘000 oz
Quantity
Mt
Grade
g/t gold
Gold
‘000 oz
Quantity
Mt
Grade
g/t gold
Gold
‘000 oz
Nkosuo1,2,3,4 Open Pit - - - 10.0 1.04 332 10.0 1.04 332
Total - - - 10.0 1.04 332 10.0 1.04 332
Notes:
1. Based on Mineral Resource Estimates which were current at 30 June 2022.
2. Variable gold grade cut-off for each material type, ranging from 0.35 g/t to 0.45 g/t.
3. Inferred Mineral Resource is considered as waste.
4. Rounding of numbers to appropriate precisions may have resulted in apparent inconsistencies.
ECONOMIC ASSUMPTIONS
• Gold metal price US$1,300/oz.
• Un-escalated average costs used in optimising pit designs are as shown in Table 4 below.
• A discount rate of 10% (real) has been assumed to calculate net present values of forecast cash flows.
Table 4: Assumed average operating costs
• MINING (OPEN PIT) • PROCESSING • G&A • SELLING • ROYALTIES
US$3.61t/mined US$8.67/milled US$2.31t/milled US$2.24/oz sold 6.5%1
Notes:
1. Royalties are 6.5% plus an additional $2/Reserve oz discovery bonus payable to Adio Mabas Group.
OPEN PIT MINING PARAMETERS
• The chosen method for the Open Pit Reserves is conventional open pit mining utilising hydraulic excavators
and trucks, mining bench heights of 5 metres with 2.5 metre flitches to minimise ore loss and waste rock
dilution.
• The economic pit shell was defined using Whittle pit optimisation software (“Whittle”) with inputs such as
geotechnical parameters, metallurgical recovery and mining costs.
• The pit optimisation was run with revenue generated only by Measured and Indicated Mineral Resources. No
value was allocated to Inferred Mineral Resources.
• Whittle input parameters are based on Perseus Mining Limited site operating experience in similar deposits
at Edikan and supporting technical studies undertaken as part of the Nkosuo Feasibility study.
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• The pit slope designs are based on a geotechnical study by George, Orr and Associates (Australia) Pty Ltd.
Overall pit slopes are 30 to 60 degrees inclusive of berms spaced at between 5 and 20 metres vertically and
berm widths of 6 to 13 metres.
• Pit ramps have been designed for a 100-tonne payload truck fleet and are set at 24 metres (dual lane) to 16
metres (single lane). Minimum mining width is 40 metres for the 100-tonne class truck fleet.
• Vertical mining advance has been capped based on Perseus’s operating experience.
• No environmental issues are known to exist which will prevent open pit mining and ore processing to
continue to operate. Perseus has sufficient space available for waste dumps and tailings dams to store the
expected quantities of mine waste rock and tailings associated with the Nkosuo open pit Ore Reserve.
• Ore cut-off grades are based on the gold price, cost and mining parameters are as shown in Table 5 below.
Table 5: Open Pit Cut-Off Grades
DEPOSIT CUT-OFF GRADE BY ORE TYPE (G/T GOLD)
Oxide Transition Fresh Granite
Nkosuo 0.35 0.45 0.45
PROCESSING PARAMETERS
• The process metallurgical recovery for gold is fixed by material type in each deposit. Gold recovery rates
range from 55% for oxide ore and 90% for primary ore. Recovery is shown in Table 6.
• No deleterious material has been identified.
• Average annual processing throughput rate of ore is nominally 7.0Mtpa, with throughput rates variable by
material type and deposit. The processing circuit involves single stage crushing, semi-autogenous grinding,
gravity recovery, flotation, regrind and CIL.
Table 6: Metallurgical Recoveries by Material Type and Pit
DEPOSIT METALLURGICAL RECOVERIES BY ORE TYPE (%)
Oxide Transition Fresh Granite
Nkosuo 55.1 87.6 90.3
STOCKPILE PARAMETERS
It is assumed that all Ore Reserve material is mined and fed to the processing plant during Edikan’s mine life based
on the material blending schedule and all the material is rehandle d on the ROM stockpile. Stockpiles of Nkosuo low
grade material that remain unprocessed at the end of mine life are excluded from Ore Reserves.
CRITERIA FOR ORE RESERVE CLASSIFICATION
Ore Reserves have been classified based on the underlying Mineral Resource classifications and a Feasibility level
study for the Nkosuo project. Mineral Resources were classified as Indicated and Inferred. The Ore Reserves, based
only on the Indicated Resources, have been classified as Probable Ore Reserves, respectively.
The Ore Reserve is classified as Probable in accordance with the JORC Code, corresponding to the Mineral Resource
classification of Indicated and taking into account other modifying factors where relevant. The deposit’s geological
model is well constrained. The Ore Reserve classification is considered appropriate given the nature of the deposit,
the moderate grade variability, drilling density, structural complexity and mining and processing history of similar
deposits at Edikan. Therefore, it was deemed appropriate to use Indicated Mineral Resources as a basis for Probable
Ore Reserves.
No Inferred Mineral Resources were included in the Ore Reserve estimate.
NEXT STEPS
• With the completion of the Nkosuo Feasibility Study, an application will be lodged with the Ghanaian
Minerals Commission (Mincom) acting on behalf of the Ministry for Lands and Natural Resources.
• In parallel with the Mincom submission, an application will be lodged with the Environmental Protection
Agency (EPA) of Ghana which paves the way for community baseline studies and public hearings . These
activities culminate in generation of an Environmental Impact Assessment.
• Perseus will then submit an Environmental Impact Statement , which is the final document required for
granting of an Environmental Permit for mining at the Nkosuo project.
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• Conversion of the Agyakusu Prospecting Licence to a Mining Lease and granting of an Environmental Permit
for Nkosuo is expected to take 18 to 24 months.
This announcement was approved for release by Managing Director and CEO, Jeff Quartermaine.
COMPETENT PERSON STATEMENT:
The information in this report that relates to Mineral Resources for Nkosuo is based on information compiled by Mr Gary Brabham , a
Competent Person who is a Fellow of The Austra lasian Institute of Mining and Metallurgy and a Mem ber of the Australian Institute of
Geoscientists. Mr Brabham was until 1 July 2022 a full-time employee and is currently a consultant of Perseus Mining. Mr Brabham has
sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activities which he is
undertaking 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” and a Qualified Person as defined in NI43-101. Mr Brabham consents to the inclusion in this report of
the matters based on his information in the form and context in which it appears.
The information in this report that relates to Ore Reserves for the Nkosuo deposit is based on information compiled by Mr Adrian Ralph, a
Competent Person who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Ralph is a full-time employee of Perseus Mining.
Mr Ralph has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activities
which he is undertaking 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” and a Qualified Person as defined in NI43-101. Mr Ralph consents to the inclusion in this report
of the matters based on his information in the form and context in which it appears.
CAUTION REGARDING FORWARD LOOKING INFORMATION:
This report contains forward-looking information which is based on the assumptions, estimates, analysis and opinions of management made
in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management
of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove
to be incorrect. Assumptions have been made by the Company regarding, among other things: the price of gold, continuing commercial
production at the Sissingué Gold Mine, the Edikan Gold Mine and the Yaouré Gold Mine without any major disruption due to the COVID-19
pandemic or otherwise, the receipt of required governmental approvals, the accuracy of capital and operating cost estimates, the ability of
the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and
on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used
by the Company. Although management believes that the assumptions made by the Company and the expectations represented by suc h
information are reasonable, there can be no assurance that the forward -looking information will prove to be accurate. Forward -looking
information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performanc e or
achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or
implied by such forward-looking information. Such factors include, among others, the actual market price of gold, the actual results of current
exploration, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors
disclosed in the Company's publicly filed documents. The Company believes that the assumptions and expectations reflected in the forward-
looking information are reasonable. Assumptions have been made regarding, among other things, the Company’s ability to carry on its
exploration and development activities, the timely receipt of required approvals, the price of gold, the ability of the Company to operate in a
safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonabl e terms.
Readers should not place undue reliance on forward -looking information. Perseus d oes not undertake to update any forward -looking
information, except in accordance with applicable securities laws.
ASX/TSX CODE: PRU
REGISTERED OFFICE:
Level 2, 437 Roberts Road
Subiaco WA 6008
Telephone: +61 8 6144 1700
Email: [email protected]
WWW.PERSEUSMINING.COM
CONTACTS:
Jeff Quartermaine
Managing Director & CEO
Nathan Ryan
Media Relations
+61 4 20 582 887
Claire Hall
Corporate Communications
+61 414 558 202
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JORC TABL E 1 – NKOSUO PROJECT
JORC 2012 Table 1 – Section 1 sampling techniques and data
(Criteria in this section apply to all succeeding sections)
Criteria JORC Code Explanation Commentary
Sampling
techniques
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.
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.
Other than for soil sampling and an airborne EM -magnetics-radiometrics survey conducted in 2020 there has been no
previous mineral exploration at Nkosuo. The presence of gold mineralisation was first revealed by artisanal miners in
2019. Perseus commenced drilling in July 2021. Drilling completed to 31 March 2022 is tabulated bel ow. All drilling on
the Property to date has been located at the Nkosuo project.
Drilling Type No. Holes RC metres DD metres Purpose
RC 90 7,043 0 Resource
Pre-collared DD 109 10,992 15,885 Resource
DD 11 0 1,900 Resource
RC 1 120 0 Water
DD 5 0 262 Met
Pre-collared DD 2 115 180 Geotech
DD 4 0 485 Geotech
Totals 222 18,270 18,712
RC drilling used face-sampling hammers with 139mm hole diameter. Samples were collected at one metre intervals and
logged visually for recovery, sample condition (dry, damp, wet) and contamination. Sample recoveries were measured by
weighing bulk recovered samples.
Diamond drilling utilised HQ triple-tube (61.1mm Ø) drilling in weathered materials and NQ2 (50.6mm Ø) diameter core
in fresh rock. Diamond core recoveries were measured linearly per drill run. Core recoveries averaged 70% in weathered
materials and 100% in fresh rock.
Drilling techniques 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.).
RC drilling used face-sampling hammers with 139mm hole diameter. Samples were collected at one metre intervals.
Diamond drilling utilised HQ triple-tube (61.1mm Ø) drilling in weathered materials and NQ2 (50.6mm Ø) diameter core
in fresh rock. Core in fresh rock was oriented using a “Reflex ACT II” device.
Drill sample
recovery
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.
RC drill samples were logged visually for recovery, sample condition (dry, damp, wet) and contamination. Sample
condition logs are available for 96% of RC samples within the mineralised granite.
RC
metres
drilled
With
sample
condition
log
Dry Moist Damp Wet