3D Resources : High Grade Results at Caledonian Deposit

"These follow up results demonstrate the potential of this project and confirms the presence of wide intersections at the Caledonian Deposit. The Company looks forward to finalising its scoping study to demonstrate the potential of this exciting gold project."

ASX Announcement

30 May 2022

only	HIGH GRADE RESULTS AT CALEDONIAN DEPOSIT
ADELONG GOLD PROJECT NSW

Highlights

• High grade drilling results received for Caledonian Deposit with the following significant intersections:

	o 4m @22.86g/t Au from 100 metres (CAL012); including
			 2m @ 43.3g/t Au from 100m; and
	o A further 2m @ 16.13g/t Au from 109 metres (CAL012);
	o 1m @ 6.06g/t Au from 115 metres (CAL001);
	o 1m @ 6.18g/t Au from 117 metres (CAL001);
	o	2m	@ 4.0 g/t Au from 134 metres (CAL001); and
	o	1m	@ 4.92g/t Au from 149 metres (CAL001)
• This follows the previously announced:
use	o	6m	@ 6.68g/t Au from 52m (CAL009), including 1m @ 16.65g/t Au from 53 metres
• Gibraltar Mine area continues to offer exciting potential
personal	Once all the results have been received the data will be incorporated into the updated resource model
•

3D Resources Limited (ASX:DDD) (3D Resources or the Company) is pleased to announce that it has received further high grade assay results from the recent drilling program at the Caledonian Deposit within the Adelong Goldfield in Southern NSW.

This drilling program was designed to improve the geological understanding of the Caledonian Deposit with the aim to upgrade the current inferred resources to a higher classification for inclusion in and finalisation of the Company's Scoping Study.

Managing Director Mr. Peter Mitchell commented:

ForCaledonian Deposit

Additional high grade assay results have been received from the Caledonian drill program. In particular, the results from CAL012 that was drilling the same zone some 30m to the south of CAL009 has generated some further spectacular results with CAL012 intersecting two high grade zones 4 metres @ 22.86g/t Au from 100m and 2 metres @ 16.13g/t Au from 109 metres. This zone of mineralisation broadly tallies with the previously announced intersection in CAL009 and comprises a strong quartz vein with pyrite. Similar quartz veining continues at depth to CAL013 and is present also in CAL005 suggesting the broad zone of mineralisation continue to the south.

3D Resources Ltd | www.3dresources.com.au | ASX: DDD

4/91 William Street, Melbourne VIC | T: [phone] | E: [e-mail]

ASX Announcement

30 May 2022

Further south still, CAL001 was drilled west through the majority of the Caledonian vein system and shows the more typical multiple narrow vein deposits that characterise the Caledonian deposit with at least 6 veins generating results in excess of 1g/tAu as shown in Table 1.

onlyAn additional set of assays has been required as the presence of spotty/nuggetty gold and results of check assays has triggered our internal quality control requirement to resubmit around 5% of the samples for re-assay. This additional step will re-assay any strongly mineralised zones identified in the geological logs. This aims to improve/verify grades; not just the high grade samples, but also samples grading <1g/t Au that may in fact be high grade.

Some delays have been encountered in receiving the final assay results as ALS Laboratories have lost some
samples while completing the sample preparation. Additional replacement samples have been sent to the
use
laboratory and we await those results.
Table 1: Significant Drill Intersections to date at the Caledonian Deposit
	CALEDONIAN	Easting	Northing			Azimuth	Inclination
	MGA94	MGA94	Elevation	Depth	Intersections
	HOLES
personal	(z.55)	(z.55)	(m RL)	(m)	(o N Grid)	(o)
	597,104	6,094,788	429	180	277.3	-51.0	1m @ 1.9g/tAu from 75metres
							2m	@ 16.13g/tAu from 109metres
								1m	@ 2.28g/tAu from 78metres
	3DCAL001							1m	@ 6.06g/tAu from 115metres
								1m	@ 6.11g/t Au from 117metres
								2m	@ 4.0g/tAu from 133metres
								1m	@ 4.92g/tAu from 149metres
	3DCAL009	597,056	6,094,919					6m	@ 6.68g/t Au from 52metres
	424	65	270.0	-55.0	Hole Terminated by mine workings
	3DCAL012	596,959	6,094,891	416	130	89.9	-59.8	4m @ 22.87g/tAu from 100metres

For

Figure 1: Location of Drill holes at Caledonian

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Figure 2: Interpreted faulting using detailed magnetics

ASX Announcement

30 May 2022

The drilling at the Caledonian deposit has also shown evidence of faulting. This was to be expected and will need to be factored into the final re-assessment of the resources. This faulting cannot be seen on the ground as there is no rock outcrops at Caledonian but the faults do show up in the detailed magnetic coverage over the

onlyCaledonian area (See Figure 2).

The Caledonian deposit lies at the North Eastern end of a major NE trending fault zone that can be traced in regional magnetic data for 10km. As it approaches Caledonian it breaks up into a number of splays as the fault trend changes from NE/SW to NNE/SSW. These faults can be seen to displace the mafic dykes (mag highs) that have intruded the granodiorite with displacements of between 3-10m by a series of dextral faults. A similar fault displaces the Challenger Extended deposit and separates it from the Challenger deposit. This somewhat explains the multiple veins present at Caledonian but also the complexity of this deposit.

usepersonal

ForMore importantly it is this relationship between these NE trending fault systems and the major N-S shears that has lead the Company to develop the theory that the major deposits at the Adelong Gold Project are located where there is an interaction between these two structural trends. Similar NE trending structures can be identified on the detailed ground magnetics cutting the N-S vein structures at Donkey Hill, Currajong, and Fletchers as well as south of Challenger. The Gibraltar gold veins are themselves located in NE/SW trending faults but there is evidence of N-S faults cutting these veins in the historical mine records.

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ASX Announcement

30 May 2022

Gibraltar

The Gibraltar area offers exciting potential based on our current knowledge. When evaluating such areas it is onlyalways important to recognise that the old timers at Adelong were looking for +30g/t Au material for a commercial operation, so while they explored lower grade material, they actively mined only ores that could

generate +30g/t Au feed to the mill. This is amply demonstrated at Gibraltar where there are:

		• a series of shafts testing multiple veins but the major production coming from primarily the O'Brien's
		Shaft and a single vein(See Figure 3). These can potentially offer open cut potential (largely unexplored)
		• The underground workings at Perkin's shows level development west of the shaft that is erratic so not
use	following the typical NE trending vein structures (Figure 4) but obviously exploring a broader zone of
structures for higher grades. This was verified by the recently announced 3DGIB003 which confirmed a
series of quartz rich gold intersects that collectively added up to 11metres averaging 3.43g/tAu over a
		46 metre interval. This zone could be wider as the first intersection was at just 2 metres depth. The area
		of workings to the east could host open cut resource potential but 200m to the west there has been a
		shaft that was obviously exploring the same structures but with no recorded production.
		• From a conceptual viewpoint there is potential for some large scale deposits at the intersection of these
personalFor	NE trending veins at Gibraltar and the Wondalga Shear. This is a prime target for exploration. This is
buried below about 20 metres of alluvial cover. It is interesting to note that much of the 400,000oz of
gold produced from alluvial operations came from dredging operations downstream of the Gibraltar
		mine.
		Figure 3: Some of the key features of the Gibraltar area and Targets
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ASX Announcement 30 May 2022

use only

-ENDS-

Figure 4: Showing the position of drill holes relative to the Perkin's Workings ( image from MR21 NSW)

personalCompetent Persons Statement
Released with the authority of the board.
For further information on the Company and our projects, please visit: 3dresources.com.au
Contact:
3D Resources Ltd
Peter Mitchell	Andrew Draffin	Mark Flynn
Managing Director	Company Secretary	Investor Relations
[e-mail]	[e-mail]	[e-mail]
[phone]	[phone]	[phone]
Information in this "ASX Announcement" relating to Exploration Results, geological data , and metallurgical
For

testing has been compiled by Mr. Peter Mitchell. Mr Peter Mitchell is a Member (#104810) of the Australasian Institute of Mining and Metallurgy, the Institute of Materials, Minerals and Mining and the Canadian Institute of Mining, Metallurgy and Petroleum. He is Managing Director and paid by 3D Resources Ltd. Peter Mitchell has sufficient experience that is relevant to the style of mineralisation and types of deposits under consideration and to the activity being undertaken to qualify as a Competent Person (CP) as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' (the JORC Code) Mr Peter Mitchell believes that these Resource Estimates fairly represent the resources the subject of this Report.

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