Crocodile Gold Corp.
TSX : CRK
OTCQX : CROCF
FRANKFURT : XGC

Crocodile Gold Corp.

February 02, 2015 07:30 ET

Crocodile Gold Reports Substantial High-Grade Drill Results Inclusive of Visible Gold at Fosterville Gold Mine

TORONTO, ONTARIO--(Marketwired - Feb. 2, 2015) - Crocodile Gold Corp. (TSX:CRK)(OTCQX:CROCF)(FRANKFURT:XGC)("Crocodile Gold" or the "Company") today announced the results for 138 drill holes, totaling 31,550 metres ("m") completed during the course of a US$5.6 million exploration drill program at Fosterville Gold Mine ("Fosterville"). The drill program completed continued to focus on the Phoenix and Lower Phoenix targets. The results announced today include 14 holes reporting high-grade gold intercepts.

Key Highlights

  • High-grade drill intercepts for newly identified East Dipping Faults and Kestrel Structures which respectively include 55.57(1) g/t Au over 8.5m (ETW 4.62m) and 12.06 g/t Au over 2.70m (ETW 2.06m). These structures occur below the Phoenix and Lower Phoenix Faults, and in the case of the East Dipping Faults, visible gold occurs in addition to the more common disseminated sulphide gold mineralization. The drilling program also confirmed continuous mineralization along the newly identified structures.

  • High-grade Lower Phoenix Footwall Fault intercepts identify significant gold mineralization over an 80m vertical extent with the most northern intercept approximately 240m along-strike (down-plunge) from current mineral reserves.

  • Lower Phoenix Footwall structure intercepts include 123.10(1) g/t Au over 9.45m (ETW 3.99m), 51.34(1) g/t Au over 6.80m (ETW 6.0m), and 294.23(1) g/t Au over 1.85m (ETW 1.26m). High-grade intercepts have strong potential to extend mineral resources and reserves southwards down-plunge.
  1. Visible gold present in drill intercept
    ETW - Estimated true width

The new holes drilled establish the continuation of gold mineralization down-plunge and identified multiple mineralized faults below the Phoenix and Lower Phoenix Faults. Drill results for three mineralized faults, namely the Lower Phoenix Footwall, East Dipping Faults and Kestrel Structures, all demonstrate the potential to extend mineral resources down-plunge.

Rodney Lamond, President and Chief Executive Officer, Crocodile Gold, commented: "We are extremely pleased to report high-grade drill results at Fosterville which confirm the continuity of a strongly mineralized system down-plunge of current mineral reserves. We are encouraged by the presence of visible gold in 17 drill intercepts with some intercepts exhibiting significantly higher-gold grades than typical intercepts. Furthermore, the presence of visible gold, which appears to represent a second gold event occurring within sulphide-gold mineralized structures, could dramatically increase gold grades.

"The two new mineralized structures identified at Fosterville have similar trends and are close to the Phoenix and Lower Phoenix mineralized faults. Additionally, the confirmation of continuous mineralization, along the newly discovered East Dipping Faults and Kestrel Structures, is extremely important as these results have the potential to provide multiple ore sources accessible from the already developed Phoenix decline. With the successful results from our 2014 drill program at Fosterville, we look forward to providing further updates to our mineral resources and reserves by the end of the first quarter of 2015."

Key Intercepts and Results Reported Include:

  • New East Dipping Fault intercepts with 55.57 g/t Au over 8.5m (ETW 4.62m) in hole UDH1113(1), 42.09 g/t Au over 4.75m (ETW 2.49m) in hole UDH1029(1), 32.26 g/t Au over 3.10m (ETW 2.86m) in hole UDH0799(1) and 22.10 g/t Au over 2.0m (ETW 1.86m) in hole UDH1045. These drill intercepts are considered important because they confirm high-grade gold mineralization on east dipping structures.

  • New Kestrel Structure intercepts with 12.06 g/t Au over 2.70m (ETW 2.06m) in hole UDH0841, 8.21 g/t Au over 4.50m (ETW 3.96m) in hole UDH0919A and 7.18 g/t Au over 3.95m (ETW 3.75m) in hole UDH0832, are considered important because they identify a high-grade mineralized region on the Kestrel Structure.

  • Lower Phoenix Fault intercepts with 10.70 g/t Au over 16.05m (ETW 14.00m) in hole UDH0936(1) and 3.95 g/t Au over 10.40m (ETW 8.50m) in hole UDH0931, demonstrate significant mineralization down-plunge from mineral reserves. Importantly, intercept 9.67 g/t Au over 5.10m (ETW 3.43m) in hole UDH0820 confirms high-grade mineralization only 90m from current reserves that are already vertically accessed.

  • Lower Phoenix Footwall Fault intercepts with 294.23 g/t Au over 1.85m (ETW 1.26m) in hole UDH1103(1), 123.10 g/t Au over 9.45m (ETW 3.99m) in hole UDH0928(1), 68.84 g/t Au over 2.85m (ETW 0.7m) in hole UDH0933(1), 51.34 g/t Au over 6.80m (ETW 6.0m) in hole UDH0935(1).

  • Visible gold occurs in quartz-stibnite veins in eight of the above-mentioned holes. This visible gold is in addition to the Fosterville-style disseminated sulphide hosted gold mineralization intersected in these holes. These intercepts and nine others containing visible gold are annotated in Table 1 and highlighted in Figures 4 and 5.

Phoenix and Lower Phoenix Drill Program

The Company has continued drilling for down-plunge extensions of the Phoenix Fault and both down and up-plunge extensions of the Lower Phoenix Fault to assess the growth potential for Measured and Indicated Mineral Resources (see Figures 1 and 2). Progressive geological modeling has also supported the extension of drill holes below the Lower Phoenix Fault to test other mineralized structures (Lower Phoenix Footwall Fault, East Dipping Fault and Kestrel Structures) (see Figure 3). In addition, drilling has focused on providing increased definition and confidence in the near term mine targets within and close to Indicated mineral resources.

The drill results reported in Table 1 are those outside of current Measured and Indicated Mineral Resources and will be included Fosterville's end of 2014 resource model update. See Table 2 for a list of drill collars.

Moving forward, ongoing operations of three underground diamond drill rigs at Fosterville Gold Mine continue to focus drilling the Phoenix, Lower Phoenix and Lower Phoenix Footwall, East Dipping and Kestrel targets.

Lower Phoenix and Lower Phoenix Footwall Targets

Testing for extensions to the Lower Phoenix resources continues with drilling between Mine Grid northings 6400mN and 7700mN covering a total strike length of 1,300m. Drill results provide evidence that significant gold mineralization is continuous over this range. Present drill coverage is approximately 490m south down-plunge and 100m north up-plunge from the existing Lower Phoenix mineral reserves (See Figures 2 and 4).

It is anticipated that the strong drill results returned from Lower Phoenix and Lower Phoenix Footwall structures, including high-grade intercepts for ten holes; UDH0872, UDH0928, UDH0931, UDH0933, UDH0935 to UDH0937, UDH1009, UDH1110 and UDH1103 will continue to underpin Indicated mineral resource growth below 4,300mRL for mineral reserve evaluation.

East Dipping Faults and Kestrel Footwall Targets

The drill program also confirmed continuous mineralization along the newly identified East Dipping Faults and Kestrel Structure for which drill intercepts are shown in Figure 5. Progressive drilling of these structures will be undertaken in 2015 to better understand their extents, geometries and metallurgical characteristics. The drilling is planned to occur in conjunction with the Phoenix and Lower Phoenix Footwall exploration programs.

A schematic geological cross section (Figure 3) illustrates the structural positions of the East Dipping and Kestrel target areas with respect to the Phoenix, Lower Phoenix and Lower Phoenix Footwall Faults and associated gold mineralization.

Phoenix Target

The drilling completed to test for down-plunge extensions of the Phoenix Fault included two drill holes on section 6400mN approximately 60m beyond the southern extent of known mineral resources and 425m south of the Central mineral reserves. These drill results confirmed the continuation of mineralization for this structure with drill intercepts 3.19 g/t Au over 3.05m (ETW 3.05m) in hole UDE111 and 4.7g/t Au over 1.2m (ETW 1.2m) in hole UDE112. These intercepts will be included into the end 2014 mineral resource updates (See figure 3).

For additional information please refer to Fosterville's Mineral Resources and Mineral Reserves under the technical report NI 43-101 filed May 27, 2014 on SEDAR.

About Fosterville Gold Mine

Fosterville Gold Mine commenced commercial production of gold from sulphide ore in April 2005. As of December 31, 2014 Fosterville has produced 877,586 ounces of gold. The ore is largely refractory and gold is recovered through a state-of-the-art BIOX® processing plant that produces approximately 100,000 to 105,000 ounces annually. The mill is capable of processing approximately 830,000 tonnes of ore annually.

Qualified Persons

M. Edwards, MAusIMM(CP), General Manager Exploration and Business Development of Crocodile Gold, Troy Fuller, MAIG, Geology Manager of Fosterville Gold Mine and Simon Hitchman, FAusIMM, Exploration Manager Crocodile Gold Corp. are "qualified persons" as such term is defined in National Instrument 43-101 and have reviewed and approved the technical information and data included in this press release.

QAQC

Crocodile Gold has in place quality-control systems to ensure best practice in drilling, sampling and analysis of drill core. All diamond drill hole collars (Table 2) are accurately surveyed using a Leica Total Stations instrument and down hole deviations are measured by electronic multi-shot cameras.

All reported drill intercepts are from NQ2 sized diamond drill core that was cut longitudinally in half with a diamond saw. One-half of the drill core was sent for assay and the other half retained for reference. Drill core sample intervals, determined using logged sulphide controls, vary between 0.3 and 1.2m in length.

Assay results are based on 25-gram charge fire assays. Mean grades are calculated using a variable lower grade cut-off (generally 2 g/t Au) and maximum 2 metre internal dilution. No upper gold grade cut has been applied to the data. However, during future resource work the requirement for assay top cutting will be assessed. Drill intercepts containing visible gold are annotated in Table 1.

Drill samples were assayed at On Site Laboratories, an independent laboratory in Bendigo, Victoria. The facility is registered ISO9001:2008 (CERT-C33510).

About Crocodile Gold

Crocodile Gold is a Canadian gold mining and exploration company with three operating mines in Australia. The objective of Crocodile Gold is to continue to focus on the safe and profitable operating performance from its three operating mines, Fosterville and Stawell Gold Mines in the state of Victoria and Cosmo Gold Mine in the Northern Territory. Our primary goal of sustainable operating performance is achieved through building confidence in our mine plans, continuing with prudent cost management controls and targeted exploration and resource development. Sustainable operating performance from our current assets is a critical step in supporting the future growth toward the 5 year Strategy of Crocodile Gold.

For additional information, please visit our website www.crocgold.com.

Follow us on Twitter @crocgold_crk or Facebook facebook.com/CrocodileGoldCorp.

Cautionary Note

Certain information set forth in this press release contains "forward-looking statements", and "forward-looking information under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include the Company's expectations for future performance based on current drill results and past production, expected gold prices, and mineral resource estimates, and are based on Crocodile Gold's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "expects" "anticipates", "believes", "projects", "plans", and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Crocodile Gold's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: liabilities inherent in mine development and production; geological, mining and processing technical problems; Crocodile Gold's inability to obtain required mine licences, mine permits and regulatory approvals required in connection with mining and mineral processing operations; competition for, among other things, capital, acquisitions of reserves, undeveloped lands and skilled personnel; incorrect assessments of the value of acquisitions; changes in commodity prices and exchange rates; currency and interest rate fluctuations; various events that could disrupt operations and/or the transportation of mineral products, including labour stoppages and severe weather conditions; the demand for and availability of rail, port and other transportation services; the ability to secure adequate financing and management's ability to anticipate and manage the foregoing factors and risks. There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Crocodile Gold undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

To view Figures 1, 2, 3, 4 and 5 please click on the following link: http://media3.marketwire.com/docs/989772%20Figures%201-5%20Final.pdf

To view Tables 1 and 2 please click on the following link: http://media3.marketwire.com/docs/989772%20Tables%201%20and%202%20Rich.pdf

Table 1: Drill Assay Intercepts for Phoenix, Lower Phoenix and other Structures (Intercepts reported are outside of the reported December 2013 Indicated Mineral Resources)
Hole ID From
(m)
To
(m)
Downhole
Interval
(m)
Estimated
True
Width
(m)
Gold
Grade
(g/t Au)
Geological
Structure
East Dipping Fault
UDH0581 125.9 132.2 6.3 3.74 14.66 East Dipping
UDH0653 202.2 203.5 1.3 1.24 3 East Dipping
UDH0677 110.75 112.85 2.1 1.99 3.77 East Dipping
UDH0775 28.35 29 0.65 0.4 3.63 East Dipping
UDH0777 0 1.3 1.3 0.7 6.41 East Dipping
UDH0798 170.75 171.55 0.8 0.74 1.82 East Dipping
UDH0799(1) 161.45 164.55 3.1 2.86 32.26 East Dipping
UDH0799 213.1 214.1 1 0.98 7.59 East Dipping
UDH0802 157.6 157.95 0.35 0.29 8.87 East Dipping
UDH0802 238.9 239.35 0.45 0.39 15 East Dipping
UDH0804 181.1 183.3 2.2 1.14 9.09 East Dipping
UDH0819 181.3 182.3 1 0.63 3.8 East Dipping
UDH0820 174.1 176.8 2.7 1.97 8.9 East Dipping
UDH0821 207.8 209 1.2 0.71 4.71 East Dipping
UDH0823 155.8 156.4 0.6 0.51 3.79 East Dipping
UDH0823 247.3 247.8 0.5 0.5 2.09 East Dipping
UDH0824 237 238.75 1.75 1.67 5.46 East Dipping
UDH0832 115.45 117.5 2.05 2.03 2.2 East Dipping
UDH0833 117.1 117.6 0.5 0.5 2.63 East Dipping
UDH0835 170.25 172.25 2 1.96 7.62 East Dipping
UDH0839 173.45 173.8 0.35 0.31 3.41 East Dipping
UDH0839 208.4 210.3 1.9 1.7 9.13 East Dipping
UDH0840 104.5 108.1 3.6 2.23 2.43 East Dipping
UDH0841 72.5 73.15 0.65 0.5 6.04 East Dipping
UDH0842 105.1 105.75 0.65 0.52 2.13 East Dipping
UDH0843 198.95 202.3 3.35 3.21 3.39 East Dipping
UDH0845 193.4 194.55 1.15 1.14 9.5 East Dipping
UDH0846 196.7 199.7 3 2.82 8.51 East Dipping
UDH0848A 190 193.35 3.35 0.74 5.91 East Dipping
UDH0857 149.45 150.45 1 0.29 4.03 East Dipping
UDH0858 160.6 163 2.4 0.81 9.55 East Dipping
UDH0861 130.6 134.4 3.8 1.59 5.36 East Dipping
UDH0862 165.4 166 0.6 0.36 5.08 East Dipping
UDH0886(1) 166.6 169.5 2.9 1.11 20.33 East Dipping
UDH0905 8.35 16 7.65 4.35 4.57 East Dipping
UDH0909 93.1 98.6 5.5 1.62 3.47 East Dipping
UDH0910 90.95 92.4 1.45 1.34 7.72 East Dipping
UDH0921 51.75 57.1 5.35 4.8 2.77 East Dipping
UDH0943 95.1 97.05 1.95 1.7 11.19 East Dipping
UDH0944 205.45 209.7 4.25 2.18 7.81 East Dipping
UDH0976 192 198.65 6.65 5.86 3.86 East Dipping
UDH0998 160.6 162.15 1.55 0.97 14.61 East Dipper
UDH0999 129.5 131.45 1.95 0.78 2.05 East Dipping
UDH1005 97.15 99.85 2.7 2.65 8.13 East Dipping
UDH1009 99.8 101.75 1.95 1.85 6.58 East Dipping
UDH1010 103.9 105.3 1.4 1.32 6.26 East Dipping
UDH1029(1) 78.9 83.65 4.75 2.49 42.09 East Dipping
Including(1) 82.05 83.65 1.6 0.84 112.7 East Dipping
UDH1030 63.9 65.25 1.35 1.24 6.29 East Dipping
UDH1031 63.65 64.8 1.15 0.93 6.97 East Dipping
UDH1032 88.05 89.2 1.15 0.82 18.38 East Dipping
UDH1033 124.4 124.85 0.45 0.41 9.68 East Dipping
UDH1035 98.95 99.4 0.45 0.44 5.86 East Dipping
UDH1036 92 92.4 0.4 0.4 5.62 East Dipping
UDH1038 32.1 34.05 1.95 1.83 8.89 East Dipping
UDH1040 127.2 133.7 6.5 6.2 3.81 East Dipping
UDH1041 116 118.7 2.7 2.08 0.44 East Dipping
UDH1042 No Significant Intersection East Dipping
UDH1043 0.6 8.85 8.25 3.54 2.26 East Dipper
UDH1045 88.2 90.2 2 1.86 22.1 East Dipping
UDH1055 No Significant Intersection East Dipping
UDH1056 No Significant Intersection East Dipping
UDH1065 No Significant Intersection East Dipping
UDH1080 89.8 93.75 3.95 3.54 13.79 East Dipping
UDH1081 93.55 95.8 2.25 2.02 13.55 East Dipping
UDH1082 94.3 94.6 0.3 0.28 5.34 East Dipping
UDH1085 2.9 8.75 5.85 3.58 3.92 East Dipping
UDH1085 140 144.9 4.9 3.22 7.85 East Dipping
UDH1085 148.55 153 4.45 2.18 3.21 East Dipping
UDH1086 0 5 5 1 3.07 East Dipping
UDH1087 0 6.6 6.6 4.19 3.64 East Dipping
UDH1087 140.25 142.7 2.45 1.39 5.22 East Dipping
UDH1087 173.4 174.7 1.3 0.87 3.26 East Dipping
UDH1100(1) 320.85 327.6 6.75 3.75 25.93 East Dipping
Including(1) 322.05 322.85 0.8 0.45 137.1 East Dipping
UDH1104(1) 340.8 343.55 2.75 0.8 35.17 East Dipping
Including(1) 342.65 342.95 0.3 0.09 132.6 East Dipping
And(1) 343.25 343.55 0.3 0.09 140.1 East Dipping
UDH1113(1) 297.85 306.35 8.5 4.62 55.57 East Dipping
UDH1123 86.8 87.45 0.65 0.65 6.94 East Dipping
Kestrel Structures
UDH0652 106 108.6 2.6 2.49 2.68 Kestrel
UDH0653 107.45 107.9 0.45 0.43 3.82 Kestrel
UDH0677 15.1 19.05 3.95 3.88 4.75 Kestrel
UDH0741 210.1 210.7 0.6 0.37 1.79 Kestrel
UDH0792 98.7 103.2 4.5 4.13 4.57 Kestrel
UDH0793 109.4 110.35 0.95 0.68 2.43 Kestrel
UDH0794 117.5 119.15 1.65 1.34 4.32 Kestrel
UDH0795 130.7 133.5 2.8 2.06 4.44 Kestrel
And 174.6 175.75 1.15 0.84 4.05 Kestrel
UDH0798 99.65 102 2.35 1.9 6.47 Kestrel
UDH0799 93.45 95 1.55 1.5 3.09 Kestrel
UDH0802 92 92.6 0.6 0.6 1.25 Kestrel
UDH0823 93.55 94.45 0.9 0.89 2.57 Kestrel
UDH0824 92.45 92.9 0.45 0.44 4.59 Kestrel
UDH0831 15.85 19.5 3.65 3.6 3.12 Kestrel
UDH0832 15.6 19.55 3.95 3.75 7.18 Kestrel
UDH0833 16.8 18.7 1.9 1.36 3.74 Kestrel
UDH0835 95.9 101.85 5.95 1.67 4.36 Kestrel
UDH0836 99 99.7 0.7 0.64 2.14 Kestrel
And 147.1 151 3.9 3.52 2.86 Kestrel
UDH0837 No Significant Intersection Kestrel
UDH0839 96.55 97.4 0.85 0.64 1.18 Kestrel
UDH0840 66.3 67.6 1.3 1.22 2.06 Kestrel
And 76.1 77.3 1.2 1.14 2.23 Kestrel
UDH0841 106.7 109.4 2.7 2.06 12.06 Kestrel
UDH0842 65.95 70.5 4.55 4.49 4.85 Kestrel
And 78.55 81.85 3.3 3.1 4.23 Kestrel
UDH0843 105.2 106.2 1 0.99 1.81 Kestrel
UDH0845 104.5 107.85 3.35 3.21 3.59 Kestrel
UDH0846 110.45 111.55 1.1 1.06 1.9 Kestrel
UDH0889 212.4 214.8 2.4 2.06 3.5 Kestrel
UDH0919A 172.5 177 4.5 3.96 8.21 Kestrel
UDH0922 46 46.9 0.9 0.65 3.04 Kestrel
UDH0974 94.25 95.75 1.5 1.46 2.93 Kestrel
UDH0975 90.55 93.15 2.6 2.55 2.9 Kestrel
UDH0976 95 99.1 4.1 3.91 3.46 Kestrel
UDH0977 99.25 99.95 0.7 0.67 2.99 Kestrel
UDH1025 83.1 83.55 0.45 0.45 2.14 Kestrel
UDH1026 No Significant Intersection Kestrel
UDH1027 82.45 86.3 3.85 3.69 2.44 Kestrel
UDH1028 85 87.3 2.3 2.18 2.2 Kestrel
UDH1039 No Significant Intersection Kestrel
UDH1042 No Significant Intersection Kestrel
UDH1043 18.4 19 0.6 0.41 2.33 Kestrel
UDH1043 53.65 55.05 1.4 1.05 1.12 Kestrel
UDH1064 No Significant Intersection Kestrel
UDH1065 No Significant Intersection Kestrel
UDH1082 85.1 85.5 0.4 0.29 9.47 Kestrel
UDH1083 78.95 79.85 0.9 0.78 9.7 Kestrel
UDH1085 14.55 19.25 4.7 2.59 3.43 Kestrel
UDH1085 52.5 53.65 1.15 0.88 2.64 Kestrel
UDH1086 12.8 13.75 0.95 0.84 4.64 Kestrel
UDH1086 42.4 43.5 1.1 0.97 7.02 Kestrel
UDH1087 16.5 20.2 3.7 2.5 4.66 Kestrel
UDH1087 58.55 60.5 1.95 1.33 1.84 Kestrel
UDH1087 97 101.35 4.35 3.02 3.36 Kestrel
UDH1123 95.75 107.7 11.95 5.2 4.7 Kestrel
Lower Phoenix Fault
SPD613 1072.5 1074.6 2.1 2.1 4.37 Lower Phoenix
SPD613A 1047.15 1048.6 1.45 1.45 2.32 Lower Phoenix
SPD613C 1094.5 1097 2.5 2.5 4.33 Lower Phoenix
And 1118.8 1124.05 5.25 5.25 4.77 Lower Phoenix
UDH0747 215.65 218.8 3.15 2.41 3.96 Lower Phoenix
UDH0756 216.1 220.25 4.15 2.64 7.12 Lower Phoenix
UDH0792 212.55 214 1.45 0.67 3.22 Lower Phoenix
UDH0793 182.7 191.7 9 5.1 3.93 Lower Phoenix
UDH0794 244 247.1 3.1 1.82 2.36 Lower Phoenix
UDH0795 225.3 225.6 0.3 0.12 5.49 Lower Phoenix
UDH0820 165.7 170.8 5.1 3.43 9.67 Lower Phoenix
UDH0821 198.3 202.4 4.1 2.26 6.83 Lower Phoenix
UDH0867 No Significant Intersection Lower Phoenix
UDH0903 163.15 165.6 2.45 1.75 5.38 Lower Phoenix
UDH0904 179 181 2 1.21 3.08 Lower Phoenix
UDH0928 253.7 255 1.3 0.98 5.29 Lower Phoenix
UDH0929 No Significant Intersection Lower Phoenix
UDH0931 237.8 248.2 10.4 8.5 3.95 Lower Phoenix
UDH0933 261.25 263.8 2.55 1.75 1.6 Lower Phoenix
UDH0935 247.55 248.85 1.3 1.16 4.22 Lower Phoenix
UDH0936(1) 258.35 274.4 16.05 14 10.7 Lower Phoenix
UDH0937 236.85 237.85 1 0.97 4.42 Lower Phoenix
UDH0938 270.9 273.15 2.25 1.52 5.29 Lower Phoenix
UDH0976 216.7 219.4 2.7 1.79 5.91 Lower Phoenix
UDH0996(1) 202 207.25 5.25 2.63 11.81 Lower Phoenix
Including(1) 203 203.3 0.3 0.15 64.3 Lower Phoenix
And 204 204.9 0.9 0.45 23.7 Lower Phoenix
UDH0997(1) 178.85 185.45 6.6 3.31 11.11 Lower Phoenix
UDH0997 218 219.95 1.95 1.77 2.86 Lower Phoenix
UDH1014 252.7 253.45 0.75 0.72 8.15 Lower Phoenix
UDH1052 0 0 0 0 0 Lower Phoenix
UDH1095 204.4 205.9 1.5 1.23 3.28 Lower Phoenix
UDH1096 220.7 222.1 1.4 0.64 4.4 Lower Phoenix
UDH1097A No Significant Intersection Lower Phoenix
UDH1098 235.7 237.1 1.4 1.14 3.32 Lower Phoenix
UDH1099 238.5 241.2 2.7 2.22 4.76 Lower Phoenix
UDH1104 253.7 254.4 0.7 0.61 4.26 Lower Phoenix
UDH1113(1) 247.2 248.15 0.95 0.68 18.8 Lower Phoenix
Lower Phoenix Footwall Fault
UDH0747 222.2 223 0.8 0.71 3.22 Lower Phoenix FW
UDH0793 170.95 179.8 8.85 1.5 4.45 Lower Phoenix FW
UDH0802 240.2 243.65 3.45 3.11 7.9 Lower Phoenix FW
UDH0823 254.25 257.7 3.45 2.75 3.47 Lower Phoenix FW
UDH0850 179.15 195 15.85 1.58 3.74 Lower Phoenix FW
UDH0860 158.7 163.6 4.9 0.36 5.39 Lower Phoenix FW
UDH0872 198.95 204.2 5.25 5.05 7.67 Lower Phoenix FW
UDH0874 214.1 215.5 1.4 0.58 5.07 Lower Phoenix FW
UDH0876A No Significant Intersection Lower Phoenix FW
UDH0877 No Significant Intersection Lower Phoenix FW
UDH0881 179.15 179.85 0.7 0.5 1.14 Lower Phoenix FW
UDH0883 188.3 188.6 0.3 0.3 0.47 Lower Phoenix FW
UDH0887 196.85 199.75 2.9 4 4.71 Lower Phoenix FW
UDH0893 257.7 259 1.3 1.27 3.35 Lower Phoenix FW
UDH0904 176.45 177.4 0.95 0.31 2.83 Lower Phoenix FW
UDH0928 271.35 273.05 1.7 1.48 2.66 Lower Phoenix FW
UDH0928(1) 303.3 312.75 9.45 3.99 123.1 Lower Phoenix FW
Including(1) 308.8 309.65 0.75 0.32 1,258.9 Lower Phoenix FW
UDH0929 No Significant Intersection Lower Phoenix FW
UDH0933(1) 323.55 326.4 2.85 0.7 68.84 Lower Phoenix FW
UDH0935(1) 262.45 269.25 6.8 6 51.34 Lower Phoenix FW
Including(1) 263.75 264.05 0.3 0.26 916.8 Lower Phoenix FW
UDH0935 275 284.9 9.9 3.08 8.09 Lower Phoenix FW
UDH0937(1) 262.65 274.4 11.75 11.5 8.59 Lower Phoenix FW
UDH1002 No Significant Intersection Lower Phoenix FW
UDH1007 117.4 119.65 2.25 2.11 10.58 Lower Phoenix FW
UDH1009 121.95 127.8 5.85 5.48 11.22 Lower Phoenix FW
UDH1025 220 221.2 1.2 1.19 3.34 Lower Phoenix FW
UDH1026 218.85 220.85 2 1.99 0.57 Lower Phoenix FW
UDH1028 223.45 225 1.55 1.52 2.64 Lower Phoenix FW
UDH1033 139.85 140.85 1 0.86 2.67 Lower Phoenix FW
UDH1048 No Significant Intersection Lower Phoenix FW
UDH1049 No Significant Intersection Lower Phoenix FW
UDH1085(1) 154.35 159.05 4.7 4.4 12.42 Lower Phoenix FW
Including(1) 157 157.3 0.3 0.28 117.6 Lower Phoenix FW
UDH1099 258.05 259.9 1.85 1.43 6.68 Lower Phoenix FW
UDH1100 273.4 275.2 1.8 1.26 0.97 Lower Phoenix FW
UDH1103(1) 312.55 314.4 1.85 1.26 294.23 Lower Phoenix FW
Including(1) 313.45 314.05 0.6 0.41 396.6 Lower Phoenix FW
And(1) 314.05 314.4 0.35 0.24 117.6 Lower Phoenix FW
UDH1104 274.65 276.15 1.5 1.16 3.45 Lower Phoenix FW
UDH1110 304.9 307.1 2.2 1.48 0.02 Lower Phoenix FW
UDH1110(1) 361.6 364.9 3.3 2.36 24.15 Lower Phoenix FW
Including(1) 361.9 362.75 0.85 0.61 49.4 Lower Phoenix FW
UDH1113 289.45 297.15 7.7 1.88 13.45 Lower Phoenix FW
Phoenix Fault
UDE111 507.3 510.35 3.05 3.05 3.19 Phoenix
UDE112 502.9 504.1 1.2 1.2 4.7 Phoenix
UDH0890A 276.35 280.75 4.4 3.05 5.26 Phoenix
UDH1014 233.5 234.65 1.15 1.1 4.01 Phoenix
UDH1068 275.5 276 0.5 0.41 4.96 Phoenix
UDH1069 280.1 281 0.9 0.66 12.2 Phoenix
UDH1083 84.7 86.8 2.1 1.28 3.51 Phoenix
UDH1101 290.75 291.7 0.95 0.7 5.25 Phoenix
UDH1105A 310.4 310.8 0.4 0.3 2.03 Phoenix
Notes:
(1) Visible gold observed in drill intercept
Drill intercepts greater than 30 Gram-Metres are in bold text
Table 2: Exploration Drill Hole Collar Locations for Phoenix, Lower Phoenix and other Structures (Drilling Programs later than and outside of Indicated Mineral Resources reported December 2013, Fosterville Mine Grid)
Hole ID Northing Easting Elevation Collar
Azimuth
Collar
Plunge
Depth
(m)
SPD613 6,420.7 1,222.2 5,170.1 90 -82 1,181.7
SPD613A 6,420.7 1,222.2 5,170.1 90 -65 1,091.4
SPD613C 6,420.7 1,222.2 5,170.1 90 -86 1,208.7
UDE111 6,395.1 1,563.1 4,798.0 90 -79 637.1
UDE112 6,395.1 1,563.2 4,798.0 84 -72 611.3
UDH0581 7,023.3 1,525.6 4,445.9 103 -49 173.6
UDH0652 7,475.5 1,791.8 4,474.1 286 -18 200.8
UDH0653 7,475.5 1,791.9 4,473.9 286 -27 243.1
UDH0677 7,372.0 1,717.1 4,416.1 278 -30 175.7
UDH0741 6,905.2 1,478.3 4,448.8 95 -27 242.4
UDH0747 6,861.3 1,456.4 4,449.4 97 -69 284.8
UDH0756 6,905.0 1,477.1 4,448.0 97 -81 339.9
UDH0775 7,386.2 1,640.8 4,465.0 279 2 51.0
UDH0777 7,429.6 1,636.3 4,466.4 288 13 47.3
UDH0792 7,525.2 1,783.4 4,474.8 297 -23 230.7
UDH0793 7,525.5 1,783.4 4,474.9 303 -13 203.3
UDH0794 7,525.4 1,783.4 4,474.8 311 -20 263.8
UDH0795 7,525.7 1,783.3 4,475.0 315 -11 236.8
UDH0798 6,999.2 1,754.2 4,423.5 280 -24 216.0
UDH0799 7,000.8 1,754.3 4,423.3 275 -31 251.3
UDH0802 7,000.4 1,754.3 4,422.8 268 -39 296.7
UDH0804 7,172.1 1,512.9 4,444.2 143 -52 194.5
UDH0819 7,526.2 1,783.6 4,476.4 316 16 236.8
UDH0820 7,526.0 1,783.4 4,475.5 307 2 221.7
UDH0821 7,525.6 1,784.4 4,475.5 318 1 218.9
UDH0823 7,000.1 1,754.4 4,422.7 261 -42 365.7
UDH0824 7,000.6 1,754.3 4,423.1 271 -43 317.8
UDH0831 7,371.1 1,717.7 4,416.2 259 -36 233.6
UDH0832 7,371.6 1,717.3 4,416.2 268 -33 190.8
UDH0833 7,371.5 1,717.4 4,416.1 268 -36 202.9
UDH0835 7,001.4 1,754.5 4,423.3 275 -25 206.9
UDH0836 7,525.2 1,783.4 4,475.1 295 -15 209.5
UDH0837 7,524.9 1,783.5 4,474.9 287 -21 206.8
UDH0839 7,000.6 1,754.3 4,422.6 289 -28 246.0
UDH0840 7,122.6 1,723.3 4,441.2 279 -23 158.8
UDH0841 7,124.5 1,723.4 4,440.2 320 -33 148.7
UDH0842 7,122.0 1,723.2 4,441.2 265 -23 150.0
UDH0843 7,477.9 1,792.1 4,474.0 265 -33 255.0
UDH0845 7,477.7 1,792.0 4,474.0 261 -27 221.9
UDH0846 7,477.2 1,791.8 4,473.9 251 -27 233.6
UDH0848A 7,023.5 1,524.9 4,445.9 96 -75 203.9
UDH0850 7,023.0 1,524.6 4,445.9 133 -77 222.0
UDH0857 7,171.3 1,513.1 4,444.3 133 -50 176.7
UDH0858 7,171.8 1,513.1 4,444.2 124 -56 170.7
UDH0860 7,172.7 1,513.7 4,444.3 56 -70 179.9
UDH0861 7,023.7 1,525.8 4,445.9 87 -49 290.6
UDH0862 7,024.9 1,524.5 4,445.9 34 -64 182.8
UDH0867 6,624.2 1,453.9 4,457.8 73 -63 278.8
UDH0872 6,861.6 1,456.3 4,449.3 80 -64 239.8
UDH0874 6,861.2 1,456.2 4,449.4 95 -64 233.8
UDH0876A 6,860.7 1,456.5 4,449.3 106 -56 275.8
UDH0877 6,860.8 1,456.2 4,449.4 110 -61 254.8
UDH0881 6,905.9 1,477.8 4,448.1 77 -55 201.8
UDH0883 6,905.7 1,477.5 4,448.1 78 -63 206.7
UDH0886 6,905.3 1,477.9 4,448.3 91 -49 203.8
UDH0887 6,905.2 1,477.5 4,448.1 93 -65 215.8
UDH0889 6,791.9 1,458.4 4,451.6 80 -20 275.8
UDH0890A 6,788.4 1,465.1 4,451.9 93 -10 290.6
UDH0893 6,791.0 1,457.5 4,450.8 98 -59 281.8
UDH0903 7,521.7 1,784.4 4,475.4 298 -1 179.6
UDH0904 7,521.7 1,784.2 4,475.1 297 -10 194.5
UDH0905 7,463.3 1,620.5 4,402.8 318 -67 32.5
UDH0909 7,267.7 1,694.1 4,370.2 294 -10 134.8
UDH0910 7,267.7 1,694.1 4,369.9 294 -18 152.8
UDH0919A 6,942.6 1,802.0 4,415.2 235 -16 212.9
UDH0921 7,267.1 1,694.2 4,371.7 280 21 89.7
UDH0922 7,266.2 1,693.7 4,371.8 262 20 83.2
UDH0928 6,620.0 1,453.8 4,457.8 98 -73 326.9
UDH0929 6,619.1 1,453.4 4,457.8 128 -70 356.8
UDH0931 6,619.4 1,453.8 4,457.8 112 -64 331.3
UDH0933 6,619.5 1,453.6 4,457.9 111 -75 364.7
UDH0935 6,630.4 1,452.6 4,457.7 70 -72 311.8
UDH0936 6,630.1 1,452.6 4,457.7 78 -79 366.0
UDH0937 6,630.5 1,452.7 4,457.7 67 -65 293.9
UDH0938 6,631.2 1,452.1 4,457.5 40 -74 332.9
UDH0943 7,268.1 1,694.2 4,370.3 301 -8 137.7
UDH0944 7,522.6 1,784.1 4,475.6 314 2 220.9
UDH0974 7,520.6 1,784.5 4,474.7 264 -28 212.9
UDH0975 7,520.7 1,784.3 4,474.6 280 -27 224.9
UDH0976 7,520.8 1,784.3 4,474.5 271 -32 245.7
UDH0977 7,519.9 1,784.5 4,474.6 258 -31 242.8
UDH0996 7,020.3 1,528.1 4,446.0 178 -78 240.0
UDH0997 7,021.5 1,529.0 4,445.9 83 -88 234.0
UDH0998 7,022.2 1,529.0 4,445.9 50 -70 176.9
UDH0999 7,026.6 1,526.7 4,445.9 25 -40 175.3
UDH1002 7,025.3 1,524.0 4,445.9 22 -59 173.7
UDH1005 7,063.2 1,667.0 4,338.2 258 -13 131.6
UDH1007 7,064.4 1,667.4 4,338.2 287 -18 146.8
UDH1009 7,063.1 1,667.2 4,338.1 265 -32 131.9
UDH1010 7,063.2 1,667.4 4,337.6 253 -39 146.8
UDH1014 6,690.7 1,473.3 4,456.0 93 -28 270.0
UDH1025 7,142.9 1,774.5 4,358.4 274 -17 251.8
UDH1026 7,142.7 1,774.4 4,358.4 270 -16 248.0
UDH1027 7,142.8 1,774.3 4,358.1 272 -23 254.7
UDH1028 7,143.1 1,774.7 4,358.3 279 -22 281.9
UDH1029 7,062.3 1,666.8 4,339.4 241 13 101.7
UDH1030 7,063.6 1,666.6 4,339.6 270 18 95.6
UDH1031 7,064.1 1,666.8 4,339.5 283 18 99.0
UDH1032 7,065.2 1,667.0 4,340.2 306 28 107.9
UDH1033 7,062.7 1,667.4 4,337.7 244 -31 153.0
UDH1035 7,063.1 1,666.9 4,338.5 255 -5 122.7
UDH1036 7,064.4 1,666.9 4,338.7 282 -1 117.0
UDH1038 7,276.7 1,635.4 4,366.3 288 -16 71.7
UDH1039 7,026.9 1,720.3 4,333.7 240 -3 185.0
UDH1040 7,027.4 1,720.3 4,333.8 250 0 168.0
UDH1041 7,027.4 1,720.2 4,334.2 253 9 149.7
UDH1042 7,026.8 1,720.2 4,334.1 238 7 155.6
UDH1043 7,025.8 1,723.8 4,334.2 233 6 179.5
UDH1045 7,267.9 1,694.1 4,370.1 283 -16 138.0
UDH1048 7,266.8 1,694.1 4,369.6 252 -29 206.8
UDH1049 7,267.6 1,694.1 4,369.7 274 -28 176.8
UDH1052 7,266.7 1,696.2 4,369.6 275 -35 224.8
UDH1055 7,312.0 1,634.5 4,399.9 113 -80 37.6
UDH1056 7,312.0 1,635.0 4,399.9 145 -49 35.5
UDH1064 7,055.6 1,741.6 4,444.8 271 -34 119.6
UDH1065 7,087.2 1,730.8 4,443.4 269 -22 153.1
UDH1068 6,787.8 1,464.9 4,452.2 90 -8 290.6
UDH1069 6,787.5 1,464.7 4,452.2 95 -10 305.7
UDH1080 7,266.4 1,696.3 4,370.3 288 -14 132.8
UDH1081 7,266.7 1,696.3 4,370.3 297 -14 140.0
UDH1082 6,981.6 1,744.3 4,423.9 247 -24 134.5
UDH1083 6,982.2 1,744.5 4,424.1 264 -20 119.8
UDH1085 7,002.8 1,721.6 4,334.6 233 0 191.6
UDH1086 7,003.4 1,721.6 4,334.2 242 -10 188.6
UDH1087 7,002.0 1,721.5 4,334.0 222 -13 194.5
UDH1095 7,021.5 1,528.9 4,446.0 31 -83 234.0
UDH1096 7,020.0 1,527.5 4,446.0 183 -74 281.7
UDH1097A 6,787.7 1,464.0 4,450.9 91 -78 275.7
UDH1098 6,858.2 1,462.6 4,449.4 111 -78 272.9
UDH1099 6,572.1 1,475.3 4,459.3 64 -71 290.9
UDH1100 6,571.9 1,475.3 4,459.3 66 -75 335.9
UDH1101 6,571.3 1,475.9 4,460.5 90 -20 314.9
UDH1103 6,530.4 1,468.1 4,459.8 36 -76 326.8
UDH1104 6,530.1 1,468.5 4,459.8 59 -72 358.3
UDH1105A 6,529.7 1,469.7 4,461.1 88 -20 324.1
UDH1110 6,529.9 1,468.3 4,460.0 66 -81 381.0
UDH1113 6,572.3 1,475.2 4,459.2 55 -73 356.9
UDH1123 6,879.7 1,747.8 4,383.6 286 -64 153.0
Note: Collar azimuth is relative to Fosterville Mine Grid North

Contact Information