Birimian Limited: Drilling confirms new mineralised zone at high grade, Goulamina lithium deposit

(firmenpresse) -
Drilling confirms new mineralised zone at high grade, Goulamina lithium deposit

- Results from wide spaced drilling confirm discovery of a third highly mineralised pegmatite body at Goulamina - The Sangar Zone
- -Wide and high grade lithium mineralisation intersected in Reverse Circulation (RC) drilling at Sangar Zone includes
-
§ 25m (at) 1.45%Li2O from 25m
§ 29m (at) 1.65 % Li2O from 13m, and
36m (at) 1.87 % Li2O from 63m
§ 34m (at) 1.42 % Li2O from 28m
§ 26m (at) 1.89% Li2O from 25m
§ 32m (at) 1.85 % Li2O from 45m, and
26m (at) 1.95 % Li2O from 80m
- Additional high grade drill intersections returned from drilling at Main Zone and West Zone
- Current phase of RC drilling now complete. Diamond drilling continues testing depth extensions at West Zone
- Analytical results pending for the majority of holes
- Mineral Resource update anticipated in March 2017

Birimian Limited (ASX:BGS; Birimian and Company - http://www.commodity-tv.net/c/mid,2697,Company_Presentation/?v=297188) is pleased to announce additional results from the second phase drilling program at the Goulamina deposit within its 100%-owned Bougouni Lithium Project (Project), southern Mali (Figure 1).

With a current Mineral Resource at Goulamina of 15.5 Mt (at) 1.48 % Li2O, for 229,000 tonnes of contained Li2O, the deposit is among the highest grade lithium deposits of significant size globally.

The aim of the current drilling program is to expand the existing resource and enable upgrades to resource classifications for detailed feasibility assessments. All RC drilling has now been completed and the drill rig is demobilizing from site. A single diamond rig remains on site undertaking drilling at West Zone, which is expected to be completed within the next week.

Sangar Zone Discovery

Results have now been received for a further 14 RC holes (Figure 1). The latest assay results confirm the discovery of a third mineralised zone at Goulamina. This new and previously untested trend is situated approximately 200m to the south of, and parallel to, the West Zone. Results include;

- 25m (at) 1.45%Li2O from 25m (GMRC068)
- 29m (at) 1.65 % Li2O from 13m, and
o 36m (at) 1.87 % Li2O from 63m (GMRC069)
- 34m (at) 1.42 % Li2O from 28m (GMRC070)
- 26m (at) 1.89% Li2O from 25m. and
- 12m (at) 1.74% Li2O from 63m, and 12m (at) 1.39% Li2O from 78m (GMRC071)
- 32m (at) 1.85 % Li2O from 45m, and
o 26m (at) 1.95 % Li2O from 80m (GMRC073)

These latest results are from shallow and widely spaced RC drilling beneath scattered outcrops of spodumene bearing pegmatite. The highly promising near surface intersections remain open along strike and at depth, indicating good potential to expand resources in this area.

Additional results from RC drilling on the northern extension of Main Zone include 16m (at) 1.46%Li2O from 70m (GMRC075), and 12m (at) 1.73 % Li2O from 82m (GMRC077); generally suggesting a narrowing of mineralisation to the north of Main Zone.

The balance of the reported RC drilling is from up-dip and along strike holes at West Zone. A number of RC holes have not reached final target depth and are currently being extended with diamond drilling (see notes in Table 1).
In total, 66 drill holes are awaiting final processing and return of assay results. Ongoing results will be reported as they come to hand.

Forward Plan

RC drilling was initially prioritised to focus on testing strike extensions at the West Zone and at other exploration targets to the south of the deposit. The last phase of the RC drilling, which is now complete, comprised 25m spaced infill sections over the Main and West Zones. Diamond drilling continues to test depth extensions to mineralisation at the West Zone, which is expected to be completed shortly, with analytical results expected in coming weeks.

On 30 January 2017, Birimian announced that the Scoping Study for the Bougouni Lithium Project had confirmed the outstanding potential of the Project, leading to the decision to commence a PreFeasibility Study (PFS). Scoping Study results suggest that the Goulamina deposit will be amenable to low cost, open pit mining and staged processing plant development; benefiting from low mining strip ratios, high grade at surface mineralisation, and the low cost operating environment in Mali.
http://www.irw-press.at/prcom/images/messages/2017/39064/27022017_EN_BGS_Bougouni Drilling Results.001.jpeg

Figure 1. Goulamina Deposit. Plan view of lithium pegmatite with drill hole locations and reported drill intersections (red).

In parallel with the ongoing drilling program, Birimian continues to advance a number of studies as it works towards completion of the PFS. Como Engineers are undertaking the next phase PFS processing engineering and flow sheet design. The Company believes there is potential to enhance the Project economics by:

- Optimising open pit mine designs
- Improving flowsheet design through the various PFS test work studies
- Further detailed analysis of transport and logistics options
- Definition of additional high grade mineralisation

Drilling will pause briefly while the company undertakes resource estimation work and other resource related technical studies. The Company's strategy remains to expedite development of the currently defined resources at the Bougouni Project in lieu of targeting major resource expansions by drilling. The next phase of development drilling is currently being planned. This program will be designed to:

- Further upgrade resource categories
- Confirm geotechnical parameters for open pit mine planning
- Confirm plant, associated infrastructure, waste dump and Tailings Storage Facility locations

The Companys environmental consultants will be on site again in approximately one week time to undertake the next phase of detailed sustainability studies at the Project and in the broader community, which will facilitate some of the engineering studies defined above.

Birimian is seeking to fast-track commercialisation of Bougouni. As such, the next key milestones to look forward to are the metallurgical test work and an upgraded resource estimate, both of which are expected to be completed in the current quarter. Following this, the PFS is expected to be completed in the June 2017 quarter, which will enable the Company to progress project financing and offtake arrangements, subject to a positive PFS result.

For further information contact:

Mr Kevin Joyce
Managing Director
08 9286 3045
info(at)birimiangold.com

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info(at)resource-capital.ch
www.resource-capital.ch

Table 1. Reported drill holes at the Bougouni Project, Mali, and significant intercepts.
http://www.irw-press.at/prcom/images/messages/2017/39064/27022017_EN_BGS_Bougouni Drilling Results.002.png




Table 2. Phase 2 - Reverse Circulation and Diamond drill holes at the Bougouni Project, Mali.
Hole_IDNorth East Dip Azm Hole Comment
Depth

GMRC056125470613410-60 265 57 Reported this
0 announcement

GMRC057125475613380-60 265 104 Reported this
0 announcement

GMRC058125480613355-60 265 100 Reported 14
0 February
2017

GMRC059125480613405-60 265 123 Reported 14
0 February
2017

GMRC060125485613345-60 265 123 Reported 14
0 February
2017

GMRC061125485613395-60 265 153 Reported 14
0 February
2017

GMRC062125450613540-60 265 71 Reported 14
0 February
2017

GMRC063125450613600-60 265 93 Reported 14
0 February
2017

GMRC064125445613580-60 265 80 Reported 14
0 February
2017

GMRC065125445613620-60 265 122 Reported 14
0 February
2017

GMRC066125440613600-60 265 98 Reported 14
0 February
2017

GMRC067125440613640-60 265 120 Reported this
0 announcement

GMRC068125420613540-60 265 80 Reported this
0 announcement

GMRC069125420613580-60 265 125 Reported this
0 announcement

GMRC070125415613570-60 265 80 Reported this
0 announcement

GMRC071125415613610-60 265 120 Reported this
0 announcement

GMRC072125410613610-60 265 102 Reported this
0 announcement

GMRC073125410613650-60 265 132 Reported this
0 announcement

GMRC074125500613580-60 265 88 Reported this
0 announcement

GMRC075125500613630-60 265 130 Reported this
0 announcement

GMRC076125505613580-60 265 63 Reported this
0 announcement

GMRC077125505613630-60 265 121 Reported this
0 announcement

GMRC085125485613295-60 265 100 Assay Pending
0

GMRC086125490613325-60 265 129 Assay Pending
0

GMRC087125490613375-60 265 150 Reported this
0 announcement

GMRC088125480613320-60 265 75 Reported this
0 announcement

GMRC089125435613880-60 265 150 Assay Pending
0

GMRC090125435613830-60 265 77 Assay Pending
0

GMRC091125430613850-60 265 78 Assay Pending
0

GMRC092125430613900-60 265 144 Assay Pending
0

GMRC093125440613800-60 265 63 Assay Pending
0

GMRC094125445613770-60 265 70 Assay Pending
0

GMRC095125455613735-60 265 85 Assay Pending
0

GMRC096125452613720-60 265 60 Assay Pending
5

GMRC097125452613745-60 265 80 Assay Pending
5

GMRC098125452613770-60 265 100 Assay Pending
5

GMRC099125457613700-60 265 60 Assay Pending
5

GMRC100125457613725-60 265 85 Assay Pending
5

GMRC101125457613750-60 265 115 Assay Pending
5

GMRC102125460613755-60 265 135 Assay Pending
0

GMRC103125467613655-60 265 65 Assay Pending
5

Hole_IDNorth East Dip Azm Hole Comment
Depth

GMRC104125467613680-60 265 91 Assay Pending
5

GMRC105125467613705-60 265 120 Assay Pending
5

GMRC106125472613635-60 265 60 Assay Pending
5

GMRC107125472613660-60 265 90 Assay Pending
5

GMRC108125472613685-60 265 120 Assay Pending
5

GMRC109125475613655-60 265 90 Assay Pending
0

GMRC110125477613615-60 265 60 Assay Pending
5

GMRC111125477613640-60 265 81 Assay Pending
5

GMRC112125477613665-60 265 110 Assay Pending
5

GMRC113125495613585-60 265 60 Assay Pending
0

GMRC114125472613415-60 265 66 Assay Pending
5

GMRC115125472613440-60 265 120 Assay Pending
5

GMRC116125472613465-60 265 111 Assay Pending
5

GMRC117125470613470-60 265 105 Assay Pending
0

GMRC118125467613460-60 265 70 Assay Pending
5

GMRC119125467613485-60 265 98 Assay Pending
5

GMRC120125467613510-60 265 120 Assay Pending
5

GMRC121125465613490-60 265 80 Assay Pending
0

GMRC122125462613480-60 265 60 Assay Pending
5

GMRC123125462613505-60 265 80 Assay Pending
5

GMRC124125462613530-60 265 114 Assay Pending
5

GMRC125125460613515-60 265 78 Assay Pending
0

GMRC126125451613510-60 265 63 Assay Pending
5

GMRC127125457613535-60 265 89 Assay Pending
5

GMDD009125470613649-60 265 250 Assay Pending
0

GMDD010125465613664-60 265 237.1 Assay Pending
0

GMRC015125460613685-60 265 230 Assay Pending
D 0

GMRC017125455613710-60 265 240 Assay Pending
D 0

GMRC035125460613620-60 265 174 Assay Pending
D 0

GMRC043125475613525-60 265 165 Assay Pending
D 0

GMRC044125475613575-60 265 240 Assay Pending
D 0

GMRC045125470613587-60 265 200 Assay Pending
D 0

GMRC046125465613606-60 265 185 Assay Pending
D 0

GMRC047125455613650-60 265 170.3 Assay Pending
D 0

GMRC048125495613660-60 265 120 Assay Pending
D 0

GMRC049125495613710-60 265 225 Assay Pending
D 0

GMRC050125490613715-60 265 220 Assay Pending
D 0

GMRC051125485613695-60 265 170 Assay Pending
D 0

GMRC052125485613745-60 265 230 Assay Pending
D 0

GMRC053125480613765-60 265 240.2 Assay Pending
D 0

GMRC054125475613730-60 265 198 Assay Pending
D 0

GMRC055125475613780-60 265 255 Assay Pending
D 0

Hole_IDNorth East Dip Azm Hole Comment
Depth

GMRC078125470613800-60 265 236 Assay Pending
D 0

GMRC079125465613760-60 265 180 Assay Pending
D 0

GMRC080125465613810-60 265 In Progress
D 0

GMRC081125460613835-60 265 In Progress
D 0

GMRC082125455613810-60 265 In Progress
D 0

GMRC083125480613455-60 265 In Progress
D 0

GMRC084125485613445-60 265 In Progress
D 0


Competent Persons Declaration
The information in this announcement that relates to exploration results is based on information compiled by or under the supervision of Kevin Anthony Joyce. Mr Joyce is Managing Director of Birimian Limited and a Member of the Australian Institute of Geoscientists. Mr Joyce has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results. Mr Joyce consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this announcement that relates to Mineral Resources is based on information compiled by or under the supervision of Mr. Matt Bampton, who is a Member of The Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Mr Bampton is a full-time employee of Cube Consulting Pty Ltd and has sufficient experience which is relevant to the styles of mineralisation and types of deposit under consideration and to the activity 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. Mr Bampton consents to the inclusion in the report of the matters based on his information in the form and context in which it appears

Previous Reported Results
There is information in this announcement relating to previous Exploration Results at the Bougouni Project. The Company confirms that it is not aware of any other new information or data that materially affects the information included in the original market announcement, and that all material assumptions and technical parameters have not materially changed. The Company confirms that the form and context in which the Competent Persons findings are presented have not been materially modified from the original market announcement.
Forward Looking Statements
Statements regarding plans with respect to the Companys mineral properties are forward looking statements. There can be no assurance that the Companys plans for development of its mineral properties will proceed as expected. There can be no assurance that the Company will be able to confirm the presence of mineral deposits, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of the Companys mineral properties.




JORC Code, 2012 Edition - Table 1
Section 1 Sampling Techniques and Data
Criteria JORC Code explanation Commentary
Sampling · Nature and quality · Reverse Circulation (RC)
techniqu of sampling drill holes were
es ( routinely sampled at 1m
eg cut channels, intervals down the
random chips, or hole.
specific
· Samples were collected
specialised industry at the drill rig by
standard measurement riffle splitting drill
tools appropriate to spoils to collect a
the minerals under nominal 2.5 - 4kg sub
investigation, such sample, with an
as down hole gamma additional 50% split for
material > 5
sondes, or handheld kg.
XRF instruments,
etc). These examples · Routine standard
should not be taken reference material,
as limiting the broad sample blanks, and sample
meaning of duplicates were inserted
sampling. or collected at every
10th sample in the sample
· Include reference to sequence for RC drill
measures taken to holes
ensure sample
· All samples were
representivity and the submitted to ALS Bamako
appropriate and subsequently
calibration of any forwarded to ALS
measurement tools or Ouagadougou for
systems preparation. Analysis was
used. undertaken at ALS Perth
by method
· Aspects of the ME-ICP89
determination of
mineralisation that
are Material to the
Public
Report.

· In cases where
industry standard
work has been done
this would be
relatively simple
(
eg 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 · Drill type (eg core, · All holes were completed
techniqu reverse circulation, by reverse circulation
es open-hole hammer, drilling
rotary air blast, techniques.
auger, Bangka, sonic,
etc) and details · RC hole diameter is
( nominally 5.5 Inch. A
eg core diameter, face sampling down
triple or standard
tube, depth of hole hammer was used at
diamond tails, all
face-sampling bit or times.
other type, whether
core is oriented and
if so, by what
method,
etc).

Drill · Method of recording · A qualitative estimate
sample and assessing core of sample recovery was
recovery and chip sample done for each sample
recoveries and metre collected from the
results drill
assessed. rig.

· Measures taken to max· Riffle split samples
imise were weighed to ensure
sample recovery and consistency of sample
ensure representative size and to monitor
nature of the sample recoveries.
samples.

· Whether a · Drill sample recovery
relationship exists and quality is considered
between sample to be adequate for the
recovery and grade drilling technique
and whether sample employed.
bias may have
occurred due to
preferential
loss/gain of
fine/coarse
material.

Logging · Whether core and · All drill sample
chip samples have intervals were
been geologically and geologically logged by
Company
geotechnically logged Geologists.
to a level of detail
to support · Where appropriate,
appropriate Mineral geological logging
Resource estimation, recorded the abundance of
mining studies and specific minerals, rock
metallurgical types and weathering
studies. using a standardized
logging
· Whether logging is system.
qualitative or
quantitative in · A small sample of washed
nature. Core (or drill material was
retained in chip trays
costean, channel, etc) for future reference and
photography. validation of geological
logging, and an
· The total length and additional 100g of drill
percentage of the material was retained in
relevant plastic bags for the same
intersections purpose.
logged.

Sub-sampl· If core, whether cut · RC 1m samples were
ing or sawn and whether riffle split at the drill
techniqu quarter, half or all rig.
es and core
sample taken. · Routine field sample
preparat duplicates were taken to
ion · If non-core, whether evaluate whether samples
riffled, tube were
sampled, rotary representative.
split, etc and
whether sampled wet · Additional sample
or preparation was
dry. undertaken by ALS
Ouagadougou
· For all sample laboratory.
types, the nature,
quality and · At the laboratory,
appropriateness of samples were weighed,
the sample dried and crushed to -2mm
preparation in a jaw crusher. A 1.0kg
technique. split of the crushed
sample was subsequently
· Quality control
procedures adopted pulverised in a ring mill
for all sub-sampling to achieve a nominal
stages to particle size of 85%
passing
maximise representivity 75m.
of
samples. · Sample sizes and
laboratory preparation
· Measures taken to techniques are considered
ensure that the to be
sampling is appropriate.
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.

Quality · The nature, quality · Analysis for lithium and
of and appropriateness a suite of other elements
assay of the assaying and is undertaken at ALS
data laboratory procedures Perth by ICP-AES after
and used and whether the Sodium Peroxide Fusion.
laborato technique is Detection limits for
ry considered partial or lithium (0.01
tests total. -10%)

· For geophysical · Sodium Peroxide fusion
tools, spectrometers, is considered a total
handheld XRF assay technique for
instruments, etc, the lithium
parameters used in
determining the · No geophysical tools or
analysis including other non-assay
instrument make and instrument types were
model, reading times, used in the analyses
calibrations factors reported.
applied and their
derivation, · Review of routine
etc. standard reference
material and sample
· Nature of quality blanks suggest there are
control procedures no significant analytical
adopted bias or preparation
( errors in the reported
eg standards, blanks, analyses.
duplicates, external
laboratory checks) · Results of analyses for
and whether field sample duplicates
acceptable levels of are consistent with the
accuracy style of mineralisation
( being evaluated and
ie lack of bias) and considered to be
precision have been representative of the
established. geological zones which
were
sampled.

· Internal laboratory QAQC
checks are reported by
the laboratory, including
sizing analysis to
monitor
preparation.

· Review of the internal
laboratory QAQC suggests
the laboratory is
performing within
acceptable
limits.

Verificat· The verification of · Drill hole data is
ion of significant compiled and digitally
sampling intersections by captured by Company
and either independent or geologists in the
assaying alternative company field.
personnel.
· The compiled digital
· The use of twinned data is verified and
holes. validated by the
Companys database
· Documentation of consultant before loading
primary data, data into the drill hole
entry procedures, database.
data verification,
data storage · Twin holes were not
(physical and utilized to verify
electronic) results.
protocols.
· Reported drill hole inter
· Discuss any cepts are compiled by the
adjustment to assay Companys database
data. consultant and the
Managing
Director.

· There were no
adjustments to assay
data.

Location · Accuracy and quality · Drill hole collars were
of data of surveys used to set out in UTM grid
points locate drill holes WGS84_Zone29N
(collar and down-hole
surveys), trenches, · Drill hole collars were
mine workings and positioned using hand
other locations used held GPS.
in Mineral Resource
estimation.
· RC drill holes are
· Specification of the routinely surveyed for
grid system down
used.
hole deviation at
· Quality and adequacy approximately 50m spaced
of topographic intervals down the
control. hole.

· SRTM elevation data was
used to establish
topographic control where
appropriate.

· Locational accuracy at
collar and down the drill
hole is considered
appropriate for this
stage of
exploration.

Data · Data spacing for · RC holes were nominally
spacing reporting of drilled on 50m spaced
and Exploration east-west orientated
distribu Results. drill
tion sections.
· Whether the data
spacing and · Hole spacing on section
distribution is varies between 25m to
sufficient to 50m.
establish the degree
of geological and · The reported drilling
grade continuity has not been used to
appropriate for the estimate any mineral
Mineral Resource and resources or
Ore Reserve reserves.
estimation
procedure(s) and
classifications
applied.

· Whether sample
compositing has been
applied.

Orientati· Whether the · Mineralisation at
on of orientation of Goulamina outcrops at
data in sampling achieves surface and the geometry
relation unbiased sampling of of mineralisation is
to possible structures therefore well-defined.
geologic and the extent to
al which this is known,
structur considering the · . It is noted that a
e deposit moderate change in strike
type. o
n the northern extension
· If the relationship of West
between the drilling Z
orientation and the one may result in reported
orientation of key widths that may not
mineralised
structures is reflect the true width of
considered to have the mineralised zones
introduced a sampling
bias, this should be at this location.
assessed and reported · Drilling orientation has
if generally
material.
not biased the sampling at
other
locations
.
Sample · The measures taken · Samples are stored on
security to ensure sample site prior to road
security. transport by Company
personnel to the ALS
laboratory in Bamako,
Mali.

Audits · The results of any · Cube Consulting
or audits or reviews of undertook a site visit
reviews sampling techniques during drilling
and operations
data.
in May 2016 to review the
sampling techniques
discussed
above.

Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
CriteriaJORC Code explanation Commentary
Mineral · Type, reference · The reported results are
tenemen name/number, location from an area within the
t and and ownership
land including agreements Torakoro Permit, which is
tenure or material issues held 100% by Timbuktu
status with third parties
such as joint Ressources, a subsidiary
ventures, of Birimian
partnerships,
overriding royalties, Limited
native title · Tenure is in good
interests, historical standing.
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.

Explorat· Acknowledgment and · The area which is
ion appraisal of presently covered by the
done exploration by other
by parties. Torakoro Permit was
other explored intermittently
parties by government agencies in
the period 1990 to 2008.
Exploration consisted of
soil sampling and mapping
for
gold.

· In 2007-2008 an
evaluation of the
commercial potential for
lithium at Goulamina was
undertaken by CSA Global
as part of the SYSMIN 7
economic development
program.

· CSA undertook mapping
and bulk sampling of the
Goulamina outcrop but did
not undertake drilling.
Bulk sampling and
preliminary processing

testwork confirmed the
viability of the
pegmatite at Goulamina to
produce a high quality
chemical grade lithium
concentrate

Geology · Deposit type, · Pegmatite Hosted Lithium
geological setting and Deposits are the target
style of for exploration. This
mineralisation. style of mineralisation
typically forms as dykes
and sills intruding or in
proximity to granite host
rocks.

· Surficial geology within
the project area
typically consists of
indurated gravels forming
plateau, and broad
depositional plains
consisting of colluvium
and alluvial to
approximately 5m vertical
depth.

· Lateritic weathering is
common away from the
Goulamina deposit and in
the broader project area.


Drill · A summary of all · Reported results are
hole information material summarised in Table 1
Informa to the understanding within the attached
tion of the exploration announcement.
results including a
tabulation of the · The drill holes reported
following information in this announcement have
for all Material drill the following parameters
holes: applied. All drill holes
completed, including
o easting and northing holes with no significant
of the drill hole lithium intersections are
collar reported.

o elevation or RL · Grid co-ordinates are
(Reduced Level - UTM
elevation above sea WGS84_29N
level in metres) of
the drill hole · Collar elevation is
collar defined as height above
sea level in metres
o dip and azimuth of (RL)
the
hole · Dip is the inclination
of the hole from the
o down hole length and horizontal. Azimuth is
interception reported in WGS 84_29N
depth degrees as the direction
toward which the hole is
o hole length. drilled.
· If the exclusion of
this information is · Down hole length of the
justified on the basis hole is the distance from
that the information the surface to the end of
is not Material and the hole, as measured
this exclusion does along the drill
not detract from the trace
understanding of the
report, the Competent · Intersection depth is
Person should clearly the distance down the
explain why this is hole as measured along
the the drill
case. trace.

· Intersection width is
the down hole distance of
an intersection as
measured along the drill
trace

· Hole length is the
distance from the surface
to the end of the hole,
as measured along the
drill
trace.

· No results from previous
exploration are the
subject of this
Announcement.

Data · In reporting · RC drill hole intercepts
aggrega Exploration Results, are reported from 1m down
tion weighting averaging hole
methods techniques, maximum samples.
and/or minimum grade
truncations · A minimum cut-off grade
( of 1.0%
eg cutting of high Li
grades) and cut-off 2O is applied to the
grades are usually reported RC
Material and should be intervals.
stated.
· Maximum internal
· Where aggregate dilution is 2m within a
intercepts incorporate reported
short lengths of high interval.
grade results and
longer lengths of low · No grade top cut off has
grade results, the been
procedure used for applied.
such aggregation
should be stated and · No metal equivalent
some typical reporting is used or
applied.
examples of such
aggregations should be
shown in
detail.

· The assumptions used
for any reporting of
metal equivalent
values should be
clearly
stated.

Relation· These relationships · See discussion in
ship are particularly Section
between important in the 1
mineral reporting of
isation Exploration · Results are reported as
widths Results. down hole
and length.
interce· If the geometry of
pt the mineralisation
lengths with respect to the
drill hole angle is
known, its nature
should be
reported.

· If it is not known
and only the down hole
lengths are reported,
there should be a
clear statement to
this effect
(
eg down hole length,
true width not
known).

Diagrams· Appropriate maps and · A drill hole location pla
sections (with scales) n
and tabulations of is
intercepts should be included in Figure 1.
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.

Balanced· Where comprehensive · Results have been
reporti reporting of all comprehensively reported
ng Exploration Results is in this
not practicable, announcement.
representative
reporting of both low · Drill holes completed,
and high grades and/or including holes with no
widths should be significant
practiced to avoid intersections, are
misleading reporting reported
of Exploration
Results.

Other · Other exploration · There is no other
substan data, if meaningful exploration data which is
tive and material, should considered material to
explora be reported including the results reported in
tion (but not limited to): this
data geological announcement.
observations;
geophysical survey
results; geochemical
survey results; bulk
samples - size and
method of treatment;
metallurgical test
results; bulk density,
groundwater,
geotechnical and rock
characteristics;
potential deleterious
or contaminating
substances.

Further · The nature and scale · Drilling is ongoing
work of planned further · RC and diamond drilling
work where appropriate will be
( undertaken to follow up
eg tests for lateral the results reported in
extensions or depth this
extensions or announcement.
large-scale step-out
drilling).

· Diagrams clearly
highlighting the areas
of possible
extensions, including
the main geological
interpretations and
future drilling areas,
provided this
information is not
commercially
sensitive.

·

Unternehmensinformation / Kurzprofil:
Leseranfragen:
Bereitgestellt von Benutzer: irw
Datum: 28.02.2017 - 16:49 Uhr
Sprache: Deutsch
News-ID 526945
Anzahl Zeichen: 51587

contact information:
Town:

Wien

Kategorie:

Business News

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