CONICO LTD
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 (e.g., submarine nodules) may
warrant disclosure of detailed information.
Drilling Drill type (e.g., core, reverse circulation, * Wireline diamond drilling using a 56.5mm diameter
techniques open-hole hammer, rotary air blast, auger, Bangka, drill bit and standard tube. The core has not been
sonic, etc) and details (e.g., core diameter, triple orientated but has been surveyed using a Reflex
or standard tube, depth of diamond tails, EZ-Trac multi-shot tool. The drill rig is a CDI
face-sampling bit or other type, whether core is heli-portable fly rig operated by Cartwright
oriented and if so, by what method, etc.). Drilling Inc.
Drill sample Method of recording and assessing core and chip * All drill core has been geotechnically logged
recovery sample recoveries and results assessed. with core recovery measured per drill core run
(3m).
Measures taken to maximise sample recovery and ensure * The drill crew was notified of the target depth
representative nature of the samples. and likelihood of intersecting sulphides,
accordingly they eased pressure on the drill bit
from that depth onward to minimise the chance of
core destruction. All drill core was then placed in
trays with lids to ensure that no core was lost
during transportation from the drill site to core
logging facility. The drill core was then
reconstructed into continuous runs on an angle iron
cradle by the geologist. Depths were checked
against depths indicated on the core blocks.
Whether a relationship exists between sample recovery * Not applicable as no assays have been conducted
and grade and whether sample bias may have occurred to date.
due to preferential loss/gain of fine/coarse
material.
Logging Whether core and chip samples have been geologically * All drill core has been geologically and
and geotechnically logged to a level of detail to geotechnically logged by a qualified geologist to a
support appropriate Mineral Resource estimation, level of detail that supports appropriate Mineral
mining studies and metallurgical studies. Resource estimation, mining studies and
metallurgical studies.
Whether logging is qualitative or quantitative in * The logging is qualitative. All drill core was
nature. Core (or costean, channel, etc.) photography. photographed.
The total length and percentage of the relevant * Drill-holes MIDD002 and MIDD003 have been logged
intersections logged. in full.
Sub-sampling If core, whether cut or sawn and whether quarter, * No sampling has been undertaken.
techniques half or all core taken.
and sample
preparation
If non-core, whether riffled, tube sampled, rotary * Not applicable as the drill-hole is core.
split, etc and whether sampled wet or dry.
For all sample types, the nature, quality and * Not applicable as no sampling has been
appropriateness of the sample preparation technique. undertaken.
Quality control procedures adopted for all * Not applicable as no sampling has been
sub-sampling stages to maximise representivity of undertaken.
samples.
Measures taken to ensure that the sampling is * Not applicable as no sampling has been
representative of the in-situ material collected, undertaken.
including for instance results for field duplicate/
second-half sampling.
Whether sample sizes are appropriate to the grain * Not applicable as no sampling has been
size of the material being sampled. undertaken.
Quality of The nature, quality and appropriateness of the * Not applicable as no assaying has occurred.
assay data assaying and laboratory procedures used and whether
and the technique is considered partial or total.
laboratory
tests
For geophysical tools, spectrometers, handheld XRF * Downhole magnetic readings were taken using a
instruments, etc., the parameters used in determining Reflex EZ-Trac. Readings were taken every 3m at
the analysis including instrument make and model, completion of drilling, with the survey beginning
reading times, calibrations factors applied and their at bottom of hole and working up. The tool
derivation, etc. protruded beyond the drill string by 3m to ensure
no interference from the rods. The magnetic roll is
0° to 360° with an accuracy of ±0.35°. The magnetic
range is 0 to 100,000 nT with an accuracy of ±50
nT.
Nature of quality control procedures adopted (e.g., * Not applicable as no sampling or assaying has
standards, blanks, duplicates, external laboratory occurred.
checks) and whether acceptable levels of accuracy
(i.e., lack of bias) and precision have been
established.
Verification The verification of significant intersections by * Consultants utilised by the Company have verified
of sampling either independent or alternative company personnel. the findings of the on-site geologists.
and assaying
The use of twinned holes. * Not applicable as no twinned holes have been
drilled.
Documentation of primary data, data entry procedures, * All logging data was entered into a computer on
data verification, data storage (physical and site, with daily backups taken and stored on hard
electronic) protocols. drives and the cloud.
Discuss any adjustment to assay data. * Not applicable as no assaying has occurred.
Location of Accuracy and quality of surveys used to locate drill * Drill-holes MIDD002 and MIDD003 were located
data points holes (collar and down-hole surveys), trenches, mine using a handheld Garmin GPS with an accuracy of
workings and other locations used in Mineral Resource ±4m.
estimation.
Specification of the grid system used. * UTM WGS84 Zone 25N.
Quality and adequacy of topographic control. * Topographic information was sourced from the
Greenland Mapping Project (GIMP) digital elevation
model (30m accuracy).
Data spacing Data spacing for reporting of Exploration Results. * Not applicable as the drill-holes are targeting
and specific electromagnetic targets.
distribution
Whether the data spacing, and distribution is * Not applicable as the drill-holes are targeting
sufficient to establish the degree of geological and specific electromagnetic targets.
grade continuity appropriate for the Mineral Resource
and Ore Reserve estimation procedure(s) and
classifications applied.
Whether sample compositing has been applied. * Not applicable as no sampling has occurred.
Orientation Whether the orientation of sampling achieves unbiased * The strike and dip of drill-holes MIDD002 and
of data in sampling of possible structures and the extent to MIDD003 were designed to intersect the
relation to which this is known, considering the deposit type. electromagnetic targets at an adjacent angle, not
geological along strike. Therefore, the sampling conducted by
structure the drill-hole is considered unbiased.
If the relationship between the drilling orientation * There are no known biases caused by the
and the orientation of key mineralised structures is orientation of drill-holes MIDD002 and MIDD003.
considered to have introduced a sampling bias, this
should be assessed and reported if material. (MORE TO FOLLOW) Dow Jones Newswires
July 30, 2021 04:30 ET (08:30 GMT)
