During the fall of 2020 the Company contracted a high-resolution magnetic airborne survey over three areas on its Cross Hills Property. The areas covered in the survey were generally where no exploration has been conducted, and included a northern, central and southern block, spanning nearly 25km along strike. The survey was flown on a 100m line spacing.
The survey over the central block, which lies between the Big K and K6 targets, discovered a 4 by 2.5km magnetic anomaly, named Nine Mile. The anomaly sits at the juncture of the deep seated Cross Hills Fault and a second truncating fault. Field checking of the anomaly discovered disseminated chalcopyrite in a number of locations, most notably along anomaly periphery. The central portion of the anomaly is composed of intermingled albitites and iron oxide altered units, while the periphery is mainly iron oxide altered units.
The Company completed a widely spaced MMI soil survey (300m spaced lines with 100m sample spacing) over the new target to identify areas of anomalous copper, as portions of the anomaly are covered. The soil sampling program was successful in identifying a number of anomalies which require further infill sampling.
All anomalies identified to date on the Cross Hills IOCG property are spatially associated with the Cross Hills Fault system. The property covers a 25km strike length of the fault system along which IOCG signatures are known. To date, seven targets have been identified and the Company is waiting on additional data from other anomalies. A number of anomalies remain to be field checked.
The Company acknowledges the
Qualified Person
Rock and Protocol and Drill Sampling Protocol
MMI soil samples were collected in a careful and diligent manner. Samples are tagged and sealed prior to being shipped by
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