Axiom enters joint venture for exploration and mining over the Cardross copper-gold-silver Project
Further high grade mineralisation at Isabel Nickel Project
ASX Announcement
25 May 2015
Drilling confirms high grade nickel mineralisation at Kolosori Ridge prospect as the geotechnical and geostatistical program is completed.
Latest drilling results with high grade saprolite intersections include:
- 19.0m @ 1.55% Ni from 2.0m including 10.9m @ 1.99% Ni from 9.2m
- 11.8m @ 1.76% Ni from 5.0m including 7.3m @ 2.21% Ni from 8.7m
- 17.6m @ 1.52% Ni from 1.0m including 6.7m @ 2.40% Ni from 10.3m
- 18.0m @ 1.61% Ni from 1.0m including 4.4m @ 2.28% Ni from 14.0m
Additional significant high grade limonite intersections include:
- 5.0m @ 2.09% Ni from 9.0m
- 3.5m @ 1.59% Ni from 6.5m
- 8.1m @ 1.49% Ni from 6.0m.
Axiom Mining Limited ('Axiom' or 'the Company') is pleased to advise that assay results from geotechnical and geostatistical drilling around the Kolosori Ridge saprolite target area of the Isabel Nickel Project in Solomon Islands have confirmed the occurrence of high grade mineralisation.
Table 1 includes all drill holes at Kolosori Ridge and separates results from limonite and saprolite zones as a recent review of geological and geochemical data has identified significant high grade limonite intercepts.
These limonite results are an encouraging addition and were previously only reported as part of, and within, the 0.6% Ni cut-off grade.
The drilling to date at Kolosori Ridge by Axiom can be summarised as follows:
35 drill holes, including 21 holes that have not previously been reported and six drill holes with assaying in progress
662m of drill core, 582m of which is assayed
drill intercepts above the 0.6% Ni cut-off include 317m @ 1.4% Ni
drill intercepts above the 1.2% Ni cut-off include 144m @ 1.9% Ni that includes:
- limonite (high iron material) 47m @ 1.5% Ni
- saprolite (low iron material) 97m @ 2.1% Ni.
Axiom has begun the final phase of the orientation and twinning drilling program at the adjacent Suma
Ridge prospect.
To date, 67 holes over 1,424.7m have been drilled on Santa Isabel Island on Havihua and Kolosori
Ridges.
Axiom Mining Limited
ARBN 119 698 770
Unit 6, 76 Doggett Street Newstead, Queensland 4006, Australia
T: +61 7 3319 4100 | F: +61 7 3252 7577 | www.axiom-mining.com
lsabel Nickel Project Kolosori Ridge Drilling Highlights
SANTA ISABEL
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15015-055 - 8.0m @ 1.26% Ni including 2.2m@ 1.62% Ni
15015-053- 19.0m @ 1.55% Ni including 10.9m@ 1.99% Ni
15015-058- 7.0m @ 1.04% Ni
15015-056 - 7.0m @ 1.01% Ni \ ISDlS-060®
including 1.6m@ 1.38% Ni
15015-043- 18.0m@ 1.61% Ni \
\
inc/uding 5.0 @ 2.09% Ni \
and 4.4m @ 2.28% Ni '
ISD15·054 ®
\
including 2.0m@ 1.34% Ni
15015-001- 7.5m @ 1.26% Ni including 3.0m @ 1.26% Ni
and 3.0m @ 1.37% Ni
15014-003 - 20.7m @ 1.74% Ni
Legend
® AXIOM drill hole
/ Road
Watercourse
Limonite intersection
5aprolite intersection
® ISD14-001
15015-034 - 16.8m@ 1.24% Ni including 3.5m @ 1.59% Ni
and 5.0m @ 1.65% Ni
15015-040- 9.4m @ 1.04% Ni
including 1.5m @ 1.45% Ni
15015-041- 8.6m@ 1.24% Ni
ISD15 "' \
including 12.5m @ 2.28% Ni
15015-044 -17.6m @ 1.52% Ni including 6.7m@ 2.40% Ni
'........ 15015-047- 11.0m @ 1.30% Ni
........ ,""
including 6.0m@ 1.65% Ni "
l ,-
: o/®
15015-002 - 6.6m @ 1.19% Ni including 4.6m@ 1.34% Ni
l
/ 9,066,100 m N
l
,......------------ including 2.2m@ 1.87% Ni
,.," --.............
ISD14-002 .®............ _ ................
l l
l
15015-048 -11.8m@ 1.76% Ni
SANTA ISABEL
including 2.7m@ 1.38% Ni and 3.3m @ 1.98% Ni
15014-004 - 14.4m
@ 1.94% Ni
including 7.3m @ 2.21% Ni
/
l
15015-046- 21.0m @ 1.20% Ni including 3.7m @ 1.40% Ni
ISLAND
15015-035 -10.9m@ 1.31% Ni
including 2.0m @ 1.59% Ni and 3.5m @ 1.86% Ni
15015-036 - 5.3m @ 1.22% Ni
including 2.8m @1.49% Ni
and 7.7m@ 2.67% Ni
and 5.3m @ 1.88% Ni
15014-005- 18.3m@ 1.63% Ni N
including 13.8m @ 1.83% Ni
15015-045 -15.0m@ 1.31% Ni including 8.1m @ 1.49% Ni
and 1.5m @ 2.20% Ni
metres
100
Figure 1- Selected drilling highlights from Kolosori Ridge to date-see Table of this announcement for full intersections
Exploration Results
Table 1 ‐ Summary of results for drill holes at Kolosori Ridge prospect to date
Hole
ID
|
Entire intersection^
|
Limonite intersection#
|
Saprolite intersection~
|
Easting*
|
Northing*
|
RL (m)
|
EOH (m)
|
ISD14-
0011
|
4.95m @1.06% Ni from 1.2m
|
578426
|
9066114
|
73
|
12.6
|
ISD14-
0021
|
5.4m @ 0.91% Ni from surface
|
578504
|
9066072
|
77
|
13.0
|
ISD14-
0031
|
20.7m @ 1.74% Ni from surface
|
12.45m @ 2.28%Ni from 8.25m
|
578786
|
9066164
|
123
|
30.6
|
ISD14-
0041
|
14.4m @ 1.94% Ni from 1.5m
|
2.8m @ 1.49% Ni from 5.5m
|
7.65m @ 2.67% Ni from 8.25m
|
578808
|
9066150
|
131
|
30.0
|
ISD14-
0052
|
18.25m @ 1.63% Ni from 4.75m
|
13.75m @ 1.83% Ni from 9.25m
|
578831
|
9066132
|
148
|
26.8
|
ISD15-
0012
|
7.5m @ 1.26% Ni from surface
|
3.0m @ 1.26% Ni from 1.5m
|
3.0m @ 1.37% Ni from 4.5m
|
578780
|
9066195
|
120
|
20.1
|
ISD15-
0022
|
6.6m @ 1.19% Ni from surface
|
4.6m @ 1.34%Ni from 2m
|
578906
|
9066094
|
150
|
25.4
|
ISD15-
0032
|
7.6m @ 0.99% Ni from surface
|
578906
|
9066134
|
160
|
30.0
|
ISD15-
034
|
16.8m @ 1.24% Ni from 1.0m
|
3.5m @ 1.59% Ni from 6.5m
|
5.0m @ 1.65% Ni from 10.0m
|
578756
|
9066165
|
131
|
20.9
|
ISD15-
035
|
10.9m @ 1.31% Ni from 1.6m
|
2.0m @ 1.47% Ni from 6.0m
|
3.5m @ 1.86% Ni from 8.0m
|
578728
|
9066100
|
122
|
20.7
|
ISD15-
036
|
5.3m @ 1.22% Ni from surface
|
578716
|
9066058
|
101
|
11.8
|
ISD15-
037
|
5.2m @ 0.80% Ni from 1.5m
|
578677
|
9066058
|
99
|
13.0
|
ISD15-
038
|
3.5m @ 0.82% Ni from surface
|
578703
|
9066162
|
108
|
8.7
|
ISD15-
039
|
2.4m @ 0.95% Ni from 1.1m
|
578714
|
9066158
|
109
|
12.0
|
ISD15-
040
|
9.4m @ 1.04% Ni from surface
|
1.5m @ 1.45% Ni from 7.9m
|
578726
|
9066157
|
117
|
13.8
|
ISD15-
041
|
8.6m @ 1.24% Ni from 2.0m
|
2.2m @ 1.87% Ni from 6.8m
|
578738
|
9066156
|
118
|
16.0
|
ISD15-
042
|
16.0m @ 1.17% Ni from 2.0m
|
2.7m @ 1.38% Ni from 6.0m
|
3.3m @ 1.98% Ni from 8.7m
|
578747
|
9066150
|
121
|
19.9
|
3
Hole
ID
|
Entire intersection^
|
Limonite intersection#
|
Saprolite intersection~
|
Easting*
|
Northing*
|
RL (m)
|
EOH (m)
|
ISD15-
043
|
18.0m @ 1.61% Ni from 1.0m
|
5.0m @ 2.09% Ni from 9.0m
|
4.4m @ 2.28% Ni from 14.0m
|
578776
|
9066154
|
131
|
20.9
|
ISD15-
044
|
17.6m @ 1.52% Ni from 1.0m
|
6.7m @ 2.40% Ni from 10.3m
|
578790
|
9066150
|
134
|
21.8
|
ISD15-
045
|
15.0m @ 1.31% Ni from 3.0m
|
8.1m @ 1.49% Ni from 6.0m
|
1.5m @ 2.20% Ni from 14.1m
|
578813
|
9066138
|
139
|
22.7
|
ISD15-
046
|
21.0m @ 1.20% Ni from 1.0m
|
3.7m @ 1.4% Ni from 6.0m
|
5.3m @ 1.88% Ni from 9.7m
|
578826
|
9066150
|
140
|
22.9
|
ISD15-
047
|
11.0m @ 1.30% Ni from 8.0m
|
6.0m @ 1.65% Ni from 12.0m
|
578834
|
9066140
|
23.1
|
23.1
|
ISD15-
048
|
11.8m @ 1.76% Ni from 5.0m
|
7.3m @ 2.21% Ni from 8.7m
|
578850
|
9066130
|
19.3
|
19.3
|
ISD15-
049
|
Assaying in progress
|
578774
|
9066128
|
131
|
19.3
|
ISD15-
050
|
Assaying in progress
|
578775
|
9066136
|
131
|
20.0
|
ISD15-
051
|
Assaying in progress
|
578775
|
9066201
|
134
|
14.4
|
ISD15-
052
|
Assaying in progress
|
578780
|
9066201
|
136
|
18.0
|
ISD15-
053
|
19.0m @ 1.55% Ni from 2.0m
|
10.9m @ 1.99% Ni from 9.2m
|
578777
|
9066212
|
138
|
25.1
|
ISD15-
054
|
5.9m @ 1.10% Ni from surface
|
578777
|
9066229
|
139
|
12.0
|
ISD15-
055
|
8.0m @ 1.26 % Ni from surface
|
2.2m @ 1.62% Ni from 2.0m
|
578778
|
9066228
|
136
|
13.8
|
ISD15-
056
|
7.0m @ 1.01 % Ni from surface
|
1.6m @ 1.38% Ni from 3.4m
|
578775
|
9066239
|
136
|
13.0
|
ISD15-
057
|
8.8m @ 1.03 % Ni from surface
|
578780
|
9066253
|
136
|
12.2
|
ISD15-
058
|
7.0m @ 1.04 % Ni from 2.0m
|
2.0m @ 1.34% Ni from 4.0m
|
578796
|
9066253
|
143
|
16.8
|
ISD15-
059
|
Assaying in progress
|
578778
|
9066267
|
135
|
18.4
|
ISD15-
060
|
Assaying in progress
|
578778
|
9066280
|
131
|
20.6
|
4
1 Previously announced to ASX on 23 January 2015
2 Previously announced to ASX on 10 March 2015
#1.2% Ni cut-off and >2m thickness for limonite material
~1.2% Ni cut-off and >1m thickness for saprolite material
*Zone WGS84 UTM 57S
About the Isabel Nickel Project
The Isabel Nickel Project is considered to be one of the largest nickel laterite deposits in the Pacific. The project has been extensively explored by mining and engineering industry leaders, International Nickel Company Limited (INCO) and Kaiser Engineers International Inc
Axiom Mining holds a 50-year registered lease and Prospecting Licence over the Kolosori tenement, and a Prospecting Licence for the San Jorge tenement and is targeting the establishment of a DSO operation by late 2015.
ENDS
About Axiom Mining Limited
Axiom Mining Limited focuses on tapping into the resource potential within the mineral‐rich Pacific Rim. Through dedication to forging strong bonds and relationships with the local communities and governments where we operate, Axiom Mining has built a diversified portfolio of exploration tenements in the Asia Pacific region. This includes a majority interest in the Isabel Nickel Project in the Solomon Islands and highly prospective gold, silver and copper tenements in North Queensland, Australia. The Company is listed on the ASX. For more information on Axiom Mining, please visit www. a xiom‐ min in g. co m
Disclaimer
Statements in this document that are forward-looking and involve numerous risks and uncertainties that could cause actual results to differ materially from expected results are based on the Company's current beliefs and assumptions regarding a large number of factors affecting its business. There can be no assurance that (i) the Company has correctly measur ed or identified all of the factors affecting its business or their extent or likely impact; (ii) the publicly available information with respect to these factors on which the Company's analysis is based is complete or accurate; (iii) the Company's analysis is correct; or (iv) the Company's strategy, which is based in part on this analysis, will be successful.
Competent Person's Statement
The information in this announcement that relates to Exploration Results is based on information compiled by Mr Wayne Saunders who is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Saunders has sufficient experience that is relevant to the styles of mineralisation and types of deposit under consideration and to the activity which is being 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.' Mr Saunders is an employee to Axiom Mining Limited and consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.
5
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 (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 (eg submarine nodules) may warrant disclosure of detailed information.
|
HQ and NQ triple tube core in sampled intervals.
Handheld XRF analysers were used in field for initial core analysis for geological control.
Samples were collected either at a
range of intervals (minimum 1.0m) or geological intervals.
Half and whole core samples were sent to the laboratory.
|
Drilling techniques
|
Drill type (eg core, reverse circulation,
open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg 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).
|
Industry standard HQ and NQ triple tube by diamond drill rig.
Holes were drilled vertically through the limonite and saprolite zones into underlying basement.
|
Drill sample recovery
|
Method of recording and assessing core
and chip sample recoveries and results assessed.
|
HQ and NQ diamond coring was by triple tube to maximise core recovery.
Industry standard techniques for mud and
|
6
Criteria
|
JORC Code explanation
|
Commentary
|
Measures taken to maximise sample
recovery and ensure representative nature of the samples.
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.
|
foams were used to assist in clear coring. Average sample recovery exceeded 90%. In some cases cavities or core losses were in defined zones-these were marked by spacers within the trays and noted in drillers' logs.
Axiom has implemented a dry drilling technique in the top limonite zone and a low water technique in lower saprolite zone-bringing average recoveries for later 2015 holes to more than 98%.
|
Logging
|
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.
The total length and percentage of the relevant intersections logged.
|
All diamond core holes were:
marked up for recovery calculations
geologically marked up and logged
photographed
Insitu wet density is determined by core displacement methods using whole core. Core was also geotechnically logged for hardness, fractures, fracture orientation, recovery and mining characteristics.
All laterite intersections were analysed by standard laboratory techniques for mine grade and trace element values.
|
Sub- sampling techniques and sample preparation
|
If core, whether cut or sawn and whether
quarter, half or all core taken.
If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.
For all sample types, the nature, quality and appropriateness of the sample preparation technique.
Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.
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.
|
Half and whole core was delivered to the laboratory. All sample reduction protocols were by standard laboratory techniques.
A range of OREAS nickel laterite standards were inserted into the suite of samples. These were inserted 1 in every 50 (2%), samples for all drilling samples submitted.
Core duplicates are collected by splitting the previous sample interval. Duplicates are collected 1 in every 20 samples (5%) for all drilling samples submitted.
Laboratory standards and blanks were inserted into every 50 samples submitted plus repeats were completed every 50 samples.
|
7
Criteria JORC Code explanation Commentary
|
Whether sample sizes are appropriate to
the grain size of the material being sampled.
|
Quality of The nature, quality and appropriateness Standard laboratory techniques were
assay data of the assaying and laboratory undertaken.
and procedures used and whether the All samples were weighed wet, dried laboratory technique is considered partial or total. at 90 degrees and then weighed dry tests For geophysical tools, spectrometers, to establish minimum moisture
handheld XRF instruments, etc, the ranges and density guides. parameters used in determining the Standard reduction techniques were: analysis including instrument make and o jaw crusher
model, reading times, calibrations factors o pulveriser
applied and their derivation, etc.
o split to reduce sample to 200g.
Nature of quality control procedures Ore grade by XRF fusion method.
adopted (eg standards, blanks,
duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.
|
Verification The verification of significant Previous Axiom diamond drill holes have
of sampling intersections by either independent or twinned a series of INCO and Kaiser and alternative company personnel. Engineers pits and INCO GEMCO holes. assaying 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.
|
Location of Accuracy and quality of surveys used to Initial collar location was by handheld GPS
data points locate drill holes (collar and down-hole reading to 5m accuracy.
surveys), trenches, mine workings and
other locations used in Mineral Resource All collars are to be picked up by surveyors
estimation. by differential GPS (DGPS) to 10mm
accuracy.
Specification of the grid system used.
Quality and adequacy of topographic control.
|
Data spacing and distribution
|
Data spacing for reporting of Exploration The current release covers drilling
Results. both for 12.5 m geostatistical
Whether the data spacing and modelling and for 25m grid pattern
|
8
Criteria
|
JORC Code explanation
|
Commentary
|
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.
|
drilling below the previous 2014 and
2015 Kolosori Ridge diamond core holes
|
Orientation of data in relation to geological structure
|
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.
|
The nickel laterite is a weathered geomorphic surface drape over ultramafic source units.
All holes and pits were vertical and will be
100% true intersection.
|
Sample security
|
The measures taken to ensure sample
security.
|
All samples were escorted offsite to a secure locked facility at the site camp.
Onsite security was provided for samples.
Chain of custody protocols in place for transport from laboratories.
|
Audits or reviews
|
The results of any audits or reviews of
sampling techniques and data.
|
Axiom has employed highly experienced nickel laterite consultants to review all procedures and results from the 2014 and
2015 drilling phases.
This includes, drill types, depths, collar patterns, assay and other statistical methods.
|
9
Section 2: Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Criteria
|
JORC Code explanation
|
Commentary
|
Mineral tenement and land tenure status
|
Type, reference name/number, location
and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.
The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.
|
Prospecting Licence 74/11-80% held by
Axiom.
50-year land lease-80% owned by Axiom. The validity of both the Prospecting
Licence and the leasehold was tested and confirmed in a recent Solomon Islands High Court judgment.
The hearing for the appeal against this judgment is pending.
|
Exploration done by other parties
|
Acknowledgment and appraisal of
exploration by other parties.
|
INCO
Kaiser Engineers
|
Geology
|
Deposit type, geological setting and style
of mineralisation.
|
Wet tropical laterite.
|
Drill hole
Information
|
A summary of all information material to
the understanding of the exploration results including a tabulation of the following information for all material drill holes:
easting and northing of the drill hole collar
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.
|
Axiom completed diamond coring using HQ and NQ triple tube to maximise recoveries within the mineralised horizons.
A number of previous holes twin previous Kaiser and INCO test pits, auger holes and the mined area.
|
Data
|
In reporting Exploration Results,
|
Only length weighting has been applied to
|
10
Criteria
|
JORC Code explanation
|
Commentary
|
aggregation methods
|
weighting averaging techniques,
maximum and/or minimum grade truncations (eg 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.
|
reporting for the program.
Assay intervals are generally undertaken on 1m regular intervals. The intervals are adjusted to geological boundaries with some intervals ranging up to 2m.
There are no outlier values requiring adjustment.
An initial 0.6% cut-off is used to define mineralised nickel laterite envelopes. This was also used as the basis for previous Kaiser resource modelling.
A second higher grade 1.2% Ni cut-off combined with the geological data is also used to provide a higher grade saprolite intercept more appropriate to some direct shipping requirements.
|
Relationship between minerali- sation
widths and intercept lengths
|
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 (eg 'down hole length, true width not known').
|
The laterite is thin but laterally extensive. The intercepts are perpendicular to the mineralisation.
|
Diagrams
|
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.
|
See figure 1.
|
Balanced reporting
|
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
|
Both low and higher grade intercepts are reported.
|
11
Criteria
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JORC Code explanation
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Commentary
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of Exploration Results.
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Other substantive exploration data
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Other exploration data, if meaningful
and material, should be reported including (but not limited to): geological 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.
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Both INCO and Kaiser Engineers undertook circa 6000 drill holes and pits, feasibility studies and economic analysis.
Most of these studies were conducted prior to the establishment of the JORC Code.
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Further work
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The nature and scale of planned further
work (eg tests for lateral extensions or depth extensions or 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.
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Ongoing testing:
Focus on smaller portion of deposit to prove up a resource compliant with the JORC Code, in anticipation of mining and to establish a direct shipping of ore operation
Testing of the larger deposit for long-
term development.
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