Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (
Xanadu or
the
Company) is pleased to advise it has commenced
an accelerated drilling program at its flagship Kharmagtai
copper-gold project (
Figures 1 and 2), as part of
an exploration plan funded by its recent, successful equity
placement. The program increases diamond drill rigs from one
to three on site and continues through the end of 2020.
Highlights
- Exploration drilling fast-tracked to target material
growth in resource tonnes and grade at Kharmagtai
- Approximately 23,000 metres diamond drilling planned
before the end of the year
- Three diamond drill rigs now operating at
Kharmagtai
- Clear exploration strategy based on a robust geological
model
- Step-out drilling to target extensions to known
high-grade mineralisation
- Extensional drilling to test all remaining shallow,
high-priority drill targets
- Copper Hill CSAMT geophysical survey has commenced with
results expected by early August
- Strong financial position with ~$13 million* to pursue
the Kharmagtai exploration strategy
Xanadu’s Chief Executive Officer, Dr
Andrew Stewart, said “Our team is pleased to be
accelerating drilling at Kharmagtai. The 23,000 metres of drilling
to be completed in 2020 is targeted to open-up both the tonnage and
high grade potential for this project. Our recent drilling results
support interpretations that the porphyry-breccia complex at
Kharmagtai has the potential to be a world class copper-gold system
with similarities to other significant deposits globally. Xanadu is
entering an exciting period of discovery and growth.”
* includes $6.4M Tranche 2 placement subject to Shareholder
approval at 1 October 2020 EGM.
Exploration Strategy
As reported in recent announcements (see ASX/TSX
announcement dated July 8, 2020), Xanadu has returned to a
long-term strategy of exploring for large-scale copper-gold
deposits across its tenements in Mongolia. At Kharmagtai,
this strategy seeks to build on the updated open-pit mineral
resource and open pit scoping study (see ASX/TSX announcement dated
April 11, 2019), which demonstrated a robust and economic open-pit
starter project.
Xanadu is now focused on expanding known
high-grade zones of mineralisation and discovering new, previously
undrilled zones of copper and gold, aiming to define Kharmagtai as
a world-class copper and gold project.
The first phase of this strategy is underway,
designed to understand the scale of the mineralised system through
extensional drilling with several large step-outs from known zones.
This phase will map the mineral system by following broad
geological/geochemical trends, allowing for more surgical drill
targeting in the second phase.
Geophysical Program
A detailed geophysical program is underway
(Figure 2) to provide a detailed 3D fault model
from which known zones of high-grade mineralisation can be
extended. A recent trial of Controlled Source Audio-Magnetotelluric
(CSAMT) has recently been conducted over Copper
Hill (Figure 3) with encouraging results. Based on
these encouraging results, a larger CSAMT survey is currently
underway, covering the mining lease. The results from this work
will be used to develop extensional drill targets.
Drill Program
An additional two diamond drill rigs have been
added to an ongoing drill program at Kharmagtai taking the total to
three diamond drill rigs drilling through to the end of the
year.
The first drill rig is focused on drilling the
remaining 4 shallow highest-priority drill targets that are yet to
be tested within the district. A second rig is currently drilling
along strike from the Zaraa discovery. A third rig is following up
on the high-grade bornite mineralisation below the Stockwork Hill
deposit and extensional potential of the Copper Hill deposit
(Figure 2).
The high-grade bornite zone at Stockwork Hill
remains open along strike and at depth. A drill program has been
designed to extend this zone of high-grade mineralisation.
Similarly, mineralisation at Copper Hill remains open at depth and
the faulted offset of Copper Hill has yet to be discovered. The
recent trial CSAMT survey has produced numerous extensional targets
for follow up drilling.
Recent Zaraa Drilling
Final drill results for the single diamond drill
hole drilled at Zaraa and reported within the June Quarter report
have been returned. Drill hole KHDDH529 has returned a +1,000m
intercept of mineralisation.
|
KHDDH529 has
returned 1,022m @ 0.22% Cu and 0.17g/t Au (0.31% eCu) from
298m |
|
including 117m @ 0.43% Cu and 0.33g/t Au (0.59% eCu) from
661m |
This drill hole was terminated in mineralization
and this intercept is open at depth.
The current 3D geological interpretations of
Zaraa suggest mineralisation is hosted within a sub-vertical dyke
like body starting around 250m depth and extending to well below
1,300m vertical depth (Figure 4). However, the
existing drilling has only tested approximately 200m of strike of
this body, where geophysical signatures suggest mineralisation may
be open for over 1km of strike extent. Follow up drilling has been
planned to begin testing the extent of Zaraa to the northeast and
southwest.
Response to COVID-19
Currently, COVID-19 has had minimal impact on
the Company’s exploration activities in Mongolia. All necessary
health and safety precautions are being taken and the Company
remains well-funded to continue operations throughout this
period.
About Xanadu Mines
Xanadu is an ASX and TSX listed Exploration
company that discovers and defines globally significant porphyry
copper-gold assets in Mongolia. We give investors exposure to large
scale copper-gold discoveries and low cost inventory growth, and we
create liquidity events for shareholders at peak value points in
the mining life cycle. Xanadu maintains a portfolio of exploration
projects and remains one of the few junior explorers on the ASX or
TSX who control an emerging Tier 1 copper-gold deposit in our
flagship Kharmagtai project. For information on Xanadu visit:
www.xanadumines.com.
Andrew
StewartCEO
Xanadu
Mines
Ltd
Andrew.stewart@xanadumines.com+61 409 819 922
This Announcement was authorised for release by
Xanadu’s Board of Directors.
Figures and Tables
FIGURE 1 is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/8f37d897-3d45-44ae-a211-352c0353e5ed
FIGURE 2 is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/e7454b53-557a-4049-b01a-a73762677d83
FIGURE 3 is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/7d28f5a4-ccf1-4478-bb3e-16a4a76fcef8
FIGURE 4 is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/518458b1-d6d6-4f02-b569-c3681e807332
Statements and Disclaimers
Mineral Resources and Ore Reserves
Reporting Requirements
The 2012 Edition of the Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore
Reserves (the JORC Code 2012) sets out minimum
standards, recommendations and guidelines for Public Reporting in
Australasia of Exploration Results, Mineral Resources and Ore
Reserves. The Information contained in this Announcement has
been presented in accordance with the JORC Code 2012.
Competent Person Statement
The information in this announcement that
relates to exploration results is based on information compiled by
Dr Andrew Stewart, who is responsible for the exploration data,
comments on exploration target sizes, QA/QC and geological
interpretation and information. Dr Stewart, who is an
employee of Xanadu and is a Member of the Australasian Institute of
Geoscientists, has sufficient experience relevant to the style of
mineralisation and type of deposit under consideration and to the
activity he is undertaking to qualify as the “Competent Person” as
defined in the 2012 Edition of the Australasian Code for Reporting
Exploration Results, Mineral Resources and Ore Reserves and the
National Instrument 43-101. Dr Stewart consents to the
inclusion in the report of the matters based on this information in
the form and context in which it appears.
Copper Equivalent
Calculations
The copper equivalent (eCu)
calculation represents the total metal value for each metal,
multiplied by the conversion factor, summed and expressed in
equivalent copper percentage with a metallurgical recovery factor
applied. The copper equivalent calculation used is based off the
eCu calculation defined by CSA in the 2018 Mineral Resource
Upgrade.
Copper equivalent (eCu) grade
values were calculated using the following formula:
|
eCu = Cu + Au
* 0.62097 * 0.8235, |
|
Where Cu = copper grade (%); Au = gold grade
(gold per tonne (g/t)); 0.62097 = conversion
factor (gold to copper); and 0.8235 = relative recovery of gold to
copper (82.35%). |
|
The copper equivalent formula was based on the following
parameters (prices are in USD): Copper price = 3.1 $/lb (or
6,834 $ per tonne ($/t)); Gold price = 1,320 $ per
ounce ($/oz); Copper recovery = 85%; Gold recovery
= 70%; and Relative recovery of gold to copper = 70% / 85% =
82.35%. |
Forward-Looking Statements
Certain statements contained in this
Announcement, including information as to the future financial or
operating performance of Xanadu and its projects may also include
statements which are ‘forward‐looking statements’ that may include,
amongst other things, statements regarding targets, estimates and
assumptions in respect of mineral reserves and mineral resources
and anticipated grades and recovery rates, production and prices,
recovery costs and results, capital expenditures and are or may be
based on assumptions and estimates related to future technical,
economic, market, political, social and other conditions.
These ‘forward-looking statements’ are necessarily based upon a
number of estimates and assumptions that, while considered
reasonable by Xanadu, are inherently subject to significant
technical, business, economic, competitive, political and social
uncertainties and contingencies and involve known and unknown risks
and uncertainties that could cause actual events or results to
differ materially from estimated or anticipated events or results
reflected in such forward‐looking statements.
Xanadu disclaims any intent or obligation to
update publicly or release any revisions to any forward‐looking
statements, whether as a result of new information, future events,
circumstances or results or otherwise after the date of this
Announcement or to reflect the occurrence of unanticipated events,
other than required by the Corporations Act 2001 (Cth) and the
Listing Rules of the Australian Securities Exchange
(ASX) and Toronto Stock Exchange
(TSX). The words ‘believe’, ‘expect’,
‘anticipate’, ‘indicate’, ‘contemplate’, ‘target’, ‘plan’,
‘intends’, ‘continue’, ‘budget’, ‘estimate’, ‘may’, ‘will’,
‘schedule’ and similar expressions identify forward‐looking
statements.
All ‘forward‐looking statements’ made in this
Announcement are qualified by the foregoing cautionary statements.
Investors are cautioned that ‘forward‐looking statements’ are not
guarantee of future performance and accordingly investors are
cautioned not to put undue reliance on ‘forward‐looking statements’
due to the inherent uncertainty therein.
For further information please visit the Xanadu
Mines’ Website at www.xanadumines.com.
Kharmagtai JORC Table 1 (JORC
2012)
Set out below is Section 1 and Section 2 of
Table 1 under the JORC Code, 2012 Edition for the Kharmagtai
project. Data provided by Xanadu. This Table 1 updates the JORC
Table 1 disclosure dated 18 September 2017.
JORC Table 1 - Section 1 – Sampling
Techniques and Data
Criteria |
Commentary |
Sampling techniques |
- The resource estimate is based on diamond drill core samples,
RC chip samples and channel samples from surface trenches.
- Representative ½ core samples were split from PQ, HQ & NQ
diameter diamond drill core on site using rock saws, on a routine
2m sample interval that also honours lithological/intrusive
contacts.
- The orientation of the cut line is controlled using the core
orientation line ensuring uniformity of core splitting wherever the
core has been successfully oriented.
- Sample intervals are defined and subsequently checked by
geologists, and sample tags are attached (stapled) to the plastic
core trays for every sample interval.
- RC chip samples are ¼ splits from one-meter intervals using a
75%:25% riffle splitter to obtain a 3kg sample.
- RC samples are uniform 2m samples formed from the combination
of two ¼ split 1m samples.
|
Drilling techniques |
- The Mineral Resource estimation has been based upon diamond
drilling of PQ, HQ and NQ diameters with both standard and triple
tube core recovery configurations, RC drilling and surface
trenching with channel sampling.
- All drill core drilled by Xanadu has been oriented using the
“Reflex Ace” tool.
|
Drill sample recovery |
- Diamond drill core recoveries were assessed using the standard
industry (best) practice which involves: removing the core from
core trays; reassembling multiple core runs in a v-rail; measuring
core lengths with a tape measure, assessing recovery against core
block depth measurements and recording any measured core loss for
each core run.
- Diamond core recoveries average 97% through
mineralization.
- Overall, core quality is good, with minimal core loss. Where
there is localized faulting and or fracturing core recoveries
decrease, however, this is a very small percentage of the
mineralized intersections.
- RC recoveries are measured using whole weight of each 1m
intercept measured before splitting.
- Analysis of recovery results vs grade shows no significant
trends that might indicate sampling bias introduced by variable
recovery in fault/fracture zones.
|
Logging |
- All drill core is geologically logged by well-trained
geologists using a modified “Anaconda-style” logging system
methodology. The Anaconda method of logging and mapping is
specifically designed for porphyry Cu-Au mineral systems and is
entirely appropriate to support Mineral Resource Estimation,
mining, and metallurgical studies.
- Logging of lithology, alteration and mineralogy is
intrinsically qualitative in nature. However, the logging is
subsequently supported by 4 Acid ICP-MS (48 element) geochemistry
and SWIR spectral mineralogy (facilitating
semi-quantitative/calculated mineralogical, lithological and
alteration classification) which is integrated with the logging to
improve cross section interpretation and 3D geological model
development.
- Drill core is also systematically logged for both geotechnical
features and geological structures. Where drill core has been
successfully oriented, the orientation of structures and
geotechnical features are also routinely measured.
- Both wet and dry core photos are taken after core has been
logged and marked-up but before drill core has been cut.
|
Sub-sampling techniques and sample
preparation |
- All drill core samples are ½ core splits from either PQ, HQ or
NQ diameter cores. A routine 2m sample interval is used, but this
is varied locally to honour lithological/intrusive contacts. The
minimum allowed sample length is 30cm.
- Core is appropriately split (onsite) using diamond core saws
with the cut line routinely located relative to the core
orientation line (where present) to provide consistency of sample
split selection.
- The diamond saws are regularly flushed with water to minimize
potential contamination.
- A field duplicate ¼ core sample is collected every 30th sample
to ensure the “representivity of the in-situ material collected”.
The performance of these field duplicates is routinely analysed as
part of Xanadu’s sample QC process.
- Routine sample preparation and analyses of DDH samples were
carried out by ALS Mongolia LLC (ALS Mongolia), who operates an
independent sample preparation and analytical laboratory in
Ulaanbaatar.
- All samples were prepared to meet standard quality control
procedures as follows: Crushed to 75% passing 2mm, split to 1kg,
pulverised to 85% passing 200 mesh (75 microns) and split to 150g
sample pulp.
- ALS Mongolia Geochemistry labs quality management system is
certified to ISO 9001:2008.
- The sample support (sub-sample mass and comminution) is
appropriate for the grainsize and Cu-Au distribution of the
porphyry Cu-Au mineralization and associated host rocks.
|
Quality of assay data and laboratory tests |
- All samples were routinely assayed by ALS Mongolia for
gold.
- Au is determined using a 25g fire assay fusion, cupelled to
obtain a bead, and digested with Aqua Regia, followed by an atomic
absorption spectroscopy (AAS) finish, with a lower
detection (LDL) of 0.01 ppm.
- All samples were also submitted to ALS Mongolia for the
48-element package ME-ICP61 using a four-acid digest (considered to
be an effective total digest for the elements relevant to the MRE).
Where copper is over-range (>1% Cu), it is analysed by a second
analytical technique (Cu-OG62), which has a higher upper detection
limit (UDL) of 5% copper.
- Quality assurance has been managed by insertion of appropriate
Standards (1:30 samples – suitable Ore Research Pty Ltd certified
standards), Blanks (1:30 samples), Duplicates (1:30 samples – ¼
core duplicate) by Xandu.
- Assay results outside the optimal range for methods were
re-analysed by appropriate methods.
- Ore Research Pty Ltd certified copper and gold standards have
been implemented as a part of QC procedures, as well as coarse and
pulp blanks, and certified matrix matched copper-gold
standards.
- QC monitoring is an active and ongoing processes on batch by
batch basis by which unacceptable results are re-assayed as soon as
practicable.
- Prior to 2014: Cu, Ag, Pb, Zn, As and Mo were routinely
determined using a three-acid-digestion of a 0.3g sub-sample
followed by an AAS finish (AAS21R) at SGS Mongolia. Samples were
digested with nitric, hydrochloric and perchloric acids to dryness
before leaching with hydrochloric acid to dissolve soluble salts
and made to 15ml volume with distilled water. The LDL for copper
using this technique was 2ppm. Where copper was over-range (>1%
Cu), it was analysed by a second analytical technique (AAS22S),
which has a higher upper detection limit (UDL) of 5% copper. Gold
analysis method was essentially unchanged.
|
Verification of sampling and assaying |
- All assay data QAQC is checked prior to loading into Xanadu’s
Geobank data base.
- The data is managed by Xanadu geologists.
- The data base and geological interpretation is managed by
Xanadu.
- Check assays are submitted to an umpire lab (SGS Mongolia) for
duplicate analysis.
- No twinned drill holes exist.
- There have been no adjustments to any of the assay data.
|
Location of data points |
- Diamond drill holes have been surveyed with a differential
global positioning system (DGPS) to within 10cm
accuracy.
- The grid system used for the project is UTM WGS-84 Zone
48N
- Historically, Eastman Kodak and Flexit electronic multi-shot
downhole survey tools have been used at Kharmagtai to collect down
hole azimuth and inclination information for the majority of the
diamond drill holes. Single shots were typically taken every 30m to
50m during the drilling process, and a multi-shot survey with
readings every 3-5m are conducted at the completion of the drill
hole. As these tools rely on the earth’s magnetic field to measure
azimuth, there is some localised interference/inaccuracy introduced
by the presence of magnetite in some parts of the Kharmagtai
mineral system. The extent of this interference cannot be
quantified on a reading-by-reading basis.
- More recently (since September 2017), a north-seeking gyro has
been employed by the drilling crews on site (rented and operated by
the drilling contractor), providing accurate downhole orientation
measurements unaffected by magnetic effects. Xanadu have a
permanent calibration station setup for the gyro tool, which is
routinely calibrated every 2 weeks (calibration records are
maintained and were sighted).
- The project DTM is based on 1 m contours from satellite imagery
with an accuracy of ±0.1 m.
|
Data spacing and distribution |
- Holes spacings range from <50m spacings within the core of
mineralization to +500m spacings for exploration drilling. Hole
spacings can be determined using the sections and drill plans
provided.
- Holes range from vertical to an inclination of -60 degrees
depending on the attitude of the target and the drilling
method.
- The data spacing and distribution is sufficient to establish
anomalism and targeting for porphyry Cu-Au, tourmaline breccia and
epithermal target types.
- Holes have been drilled to a maximum of 1,300m vertical
depth.
- The data spacing and distribution is sufficient to establish
geological and grade continuity, and to support the Mineral
Resource classification.
|
Orientation of data in relation to geological
structure |
- Drilling is conducted in a predominantly regular grid to allow
unbiased interpretation and targeting.
- Scissor drilling, as well as some vertical and oblique
drilling, has been used in key mineralised zones to achieve
unbiased sampling of interpreted structures and mineralised zones,
and in particular to assist in constraining the geometry of the
mineralised hydrothermal tourmaline-sulphide breccia domains.
|
Sample security |
- Samples are delivered from the drill rig to the core shed twice
daily and are never left unattended at the rig.
- Samples are dispatched from site in locked boxes transported on
Xanadu company vehicles to ALS lab in Ulaanbaatar.
- Sample shipment receipt is signed off at the Laboratory with
additional email confirmation of receipt.
- Samples are then stored at the lab and returned to a locked
storage site.
|
Audits or reviews |
- Internal audits of sampling techniques and data management are
undertaken on a regular basis, to ensure industry best practice is
employed at all times.
- External reviews and audits have been conducted by the
following groups:
- 2012: AMC Consultants Pty Ltd. was engaged to conduct an
Independent Technical Report which reviewed drilling and sampling
procedures. It was concluded that sampling and data record was to
an appropriate standard.
- 2013: Mining Associates Ltd. was engaged to conduct an
Independent Technical Report to review drilling, sampling
techniques and QA/QC. Methods were found to conform to
international best practice.
- 2018: CSA Global reviewed the entire drilling, logging,
sampling, sample shipping and laboratory processes during the
competent persons site visit for the 2018 Mineral Resource
Estimate, and found the systems and adherence to protocols to be to
an appropriate standard.
|
JORC Table 1 – Section 2 –
Reporting of Exploration Results
(Criteria in this section apply to all
succeeding sections).
Criteria |
Commentary |
Mineral tenement and land tenure status |
- The Project comprises 1 Mining Licence (MV-17387A).
- The Kharmagtai mining license MV-17387A is 100% owned by Oyut
Ulaan LLC. Xanadu has an 85% interest in Mongol Metals LLC, which
has 90% interest in Oyut Ulaan LLC. The remaining 10% in Oyut Ulaan
LLC is owned by Quincunx (BVI) Ltd
(Quincunx).
- The Mongolian Minerals Law (2006) and Mongolian Land Law (2002)
govern exploration, mining and land use rights for the
project.
|
Exploration done by other parties |
- Detailed exploration was conducted by Quincunx Ltd, Ivanhoe
Mines Ltd and Turquoise Hill Resources Ltd including extensive
surface mapping, trenching, diamond drilling, surface geochemistry
and geophysics.
|
Geology |
- The mineralisation is characterized as porphyry copper-gold
type.
- Porphyry copper-gold deposits are formed from magmatic
hydrothermal fluids typically associated with felsic intrusive
stocks that have deposited metals as sulphides both within the
intrusive and the intruded host rocks. Quartz stockwork veining is
typically associated with sulphides occurring both within the
quartz veinlets and disseminated thought out the wall rock.
Porphyry deposits are typically large tonnage deposits ranging from
low to high grade and are generally mined by large scale open pit
or underground bulk mining methods. The prospects at Kharmagtai are
atypical in that they are associated with intermediate intrusions
of diorite to quartz diorite composition; however, the deposits are
significant in terms of gold:copper ratio, and similar to other
gold-rich porphyry deposits.
|
Drill hole Information |
- Diamond holes, RC holes and trenches are the principal source
of geological and grade data for the Project.
|
Timing |
RC Holes |
Metre |
DDH Holes |
Metre |
RC & DDH |
Metre |
Trench |
Metre |
Drilling <2015 |
155 |
24553 |
252 |
88511 |
0 |
0 |
106 |
39774 |
Drilling >2015 |
68 |
13107 |
116 |
57876 |
22 |
5323 |
17 |
5618 |
Total |
223 |
37660 |
368 |
146387 |
22 |
5323 |
123 |
45392 |
- See figures in main report.
|
Data aggregation methods |
- Weighted averages have not been used in this work
- Some compositing has been used in this resource but with
statistically relevant techniques that do not include internal
dilutionThe copper equivalent (eCu) calculation
represents the total metal value for each metal, multiplied by the
conversion factor, summed, and expressed in equivalent copper
percentage with a metallurgical recovery factor applied. The copper
equivalent calculation used is based off the eCu calculation
defined by CSA in the 2018 Mineral Resource Upgrade.Copper
equivalent (CuEq or eCu) grade values were calculated using the
following formula: eCu or CuEq = Cu + Au * 0.62097 *
0.8235,Gold Equivalent (eAu) grade values were
calculated using the following formula: eAu = Au + Cu /
0.62097 * 0.8235.Where: Cu - copper grade (%)
Au - gold grade (g/t) 0.62097 - conversion factor
(gold to copper) 0.8235 - relative recovery of gold to
copper (82.35%)The copper equivalent formula was based on the
following parameters (prices are in USD): Copper price
- 3.1 $/lb (or 6834 $/t) Gold price - 1320 $/oz
Copper recovery - 85% Gold recovery - 70%
Relative recovery of gold to copper = 70% / 85% =
82.35%.
|
Relationship between mineralisation widths and intercept
lengths |
- Mineralised structures are variable in orientation, and
therefore drill orientations have been adjusted from place to place
to allow intersection angles as close as possible to true
widths.
- Exploration results have been reported as an interval with
'from' and 'to' stated in tables of significant economic
intercepts. Tables clearly indicate that true widths will generally
be narrower than those reported.
|
Diagrams |
- See figures in main report.
|
Balanced reporting |
- Resources have been reported at a range of cut-off grades,
above a minimum suitable for open pit mining, and above a minimum
suitable for underground mining.
|
Other substantive exploration data |
- Extensive work in this area has been done and is reported
separately. See the company website for significant announcements
and milestones. Work that has been done includes relogging of
core, structural studies, alteration studies, geotechnical studies,
and preliminary metallurgical test works. The project has been
subject to various geophysical studies including aeromagnetic,
radiometric surveys and electromagnetic surveys over discrete
targets.
|
Further work |
- The mineralisation is open at depth and along strike.
- Current estimates are restricted to those expected to be
reasonable for open pit mining. Limited drilling below this depth
(- 300m rl) shows widths and grades potentially suitable for
underground extraction.
- Exploration is on-going.
|
JORC Table 1 – Section 3 Estimation of
Reporting of Mineral Resources
Mineral Resources are not reported so this is
not applicable to this report.
JORC Table 1 – Section 4 Estimation and
Reporting of Ore Reserves
Ore Reserves are not reported so this is not
applicable to this report.
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