Results from the last 7 of 13 drill holes completed in 2021 at Inel (Figure 1) are infill resource expansion holes targeting higher gold ("Au") grades to the southeast on
Highlights of drilling on
- INDDH21-162 was steeply inclined to the east from the west side of
Inel Ridge (Figure 3) and intersected 90.0m of 1.92 g/t Au including 1.50 m of 23.70 g/t Au and 5.5 m of 4.95 g/t Au (Table 1). - INDDH21-160 was inclined to the south from the same pad as INDDH21-162 and intersected 2.07 m of 9.52 g/t Au within a 30.50 m interval of 0.81 g/t Au.
- INDDH21-161 tested an area to the southwest from 160/162 and intersected 72.0 m of 0.45 g/t Au, 7.0 g/t Ag and 0.53% Zn from 142.0 m.
- INDDH21-163 located 160 m north of 160/161/162 and steeply inclined to the west intersected 1.75 m of 6.26 g/t Au, 40.5 g/t Ag and 1.20% copper ("Cu") in a quartz-pyrite-chalcopyrite shear vein from 76.65 m and 3.0 m of 2.47 g/t Au, 34.7 g/t Ag, 2.11% Zn from 239.0 m.
Table 1 Highlights of 2021 Drilling at
Drill Hole | From | To | Length | Au | Ag | Zn | Cu | AuEq* |
m | m | m | g/t | g/t | % | % | g/t | |
INDDH21-160 | 241.00 | 271.50 | 30.50 | 0.81 | 4.7 | 0.050 | 0.093 | 1.06 |
including | 252.00 | 254.07 | 2.07 | 9.52 | 5.2 | 0.026 | 0.070 | 9.72 |
INDDH21-161 | 142.00 | 214.00 | 72.00 | 0.45 | 7.0 | 0.528 | 0.047 | 0.94 |
including | 208.77 | 209.67 | 0.90 | 2.46 | 46.3 | 0.592 | 0.054 | 3.53 |
INDDH21-162 | 127.00 | 217.00 | 90.00 | 1.92 | 6.1 | 0.116 | 0.039 | 2.14 |
including | 174.00 | 175.50 | 1.50 | 23.70 | 13.8 | 0.183 | 0.119 | 24.19 |
INDDH21-163 | 76.65 | 78.40 | 1.75 | 6.26 | 40.5 | 0.041 | 1.197 | 8.81 |
and | 232.00 | 253.00 | 21.00 | 0.48 | 9.0 | 1.138 | 0.045 | 1.37 |
including | 239.00 | 242.00 | 3.00 | 2.47 | 34.7 | 2.107 | 0.168 | 4.49 |
The ridge crest at Inel currently defines the south-eastern limit of Inel's global resource target area and has been tested historically with wide-spaced (50 to 100 m) drill holes and characterized by local high gold grades within broad intervals of elevated Au, Ag, Zn +/- Cu, lead ("Pb") and arsenic ("As").
AK Adit North
Diamond drill hole INDDH21-168 was designed to test the northern limit of the Inel resource area immediately north of the AK Adit. The hole deviated slightly north into an interpreted west-northwest oriented faulted zone of predominantly siltstone cut by numerous monzonite and monzodiorite dykes. A 1.07 m interval of quartz-carbonate-sulphide veining at 191.42 m assayed 4.22 g/t Au, 11.2 g/t Ag and 0.72% Zn with increasing arsenic (As) geochemistry at the bottom of the hole suggesting untested exploration potential at depth.
Based on surface mapping and drilling to date, thrust faults and analogous property scale fold axial planes are sub-parallel to the BRDZ, all of which exhibit spatial association to mineralization and are important conduits for mineralizing fluids. As well, a component of stratigraphic control to mineralization is recognized.
Table 2 Select Highlights of Historical Drill Results at
Drill Hole | From | To | Length | Au | Ag | Zn | Cu | AuEq* |
m | m | m | g/t | g/t | % | % | g/t | |
INDDH18-125 | 171.00 | 221.00 | 50.00 | 2.32 | 6.2 | 0.094 | 0.050 | 2.54 |
including | 199.00 | 211.00 | 12.00 | 5.71 | 9.6 | 0.098 | 0.121 | 6.10 |
INDDH17-055 | 102.00 | 175.00 | 73.00 | 1.71 | 5.4 | 0.300 | 0.024 | 2.00 |
including | 104.25 | 111.00 | 6.75 | 4.61 | 14.0 | 1.476 | 0.045 | 5.77 |
including | 135.00 | 143.00 | 8.00 | 4.32 | 4.5 | 0.133 | 0.030 | 4.51 |
and | 190.50 | 219.00 | 28.50 | 5.03 | 13.8 | 0.289 | 0.024 | 5.43 |
including | 191.85 | 194.50 | 2.65 | 31.59 | 91.3 | 1.275 | 0.018 | 33.62 |
including | 209.00 | 217.00 | 8.00 | 5.00 | 13.6 | 0.367 | 0.038 | 5.47 |
Exploration Opportunities for Resource Expansion at
- The significant drill intersection in INDDH21-162 at 90 m of 1.92 g/t Au, modelled in 3D, is 70 to 100 m from similar lengths and grades intersected in historic holes INDDH17-055 and INDD18-125 and is open to the north-northeast with an inferred shallow to moderate plunge under
Inel Ridge or roughly parallel to the Inel Synform. - The 3.0 m sediment-hosted intersection grading 2.47 g/t Au, 34.7 g/t Ag, 2.41% Zn at depth in INDDH21-163 (Figure 4) occurs within a broad interval of elevated Zn-As (up to 0.53% As) and is over 100 m from the trace of the nearest drill hole in an area largely untested by drilling.
- INDDH21-159 successfully tested the footwall of the BRDZ to the east of
Inel Ridge intersecting elevated Zn in the bottom 37 m of the hole including an intersection of 1.90 m of 3.67 g/t Au, 72.9 g/t Ag, 1.16% Zn at 226.30 m.
Table 3: Full Table of Significant Results from INDDH21-159, 160, 161, 162, 163, 168 & 169
Drill Hole | From | To | Length | Au | Ag | Zn | Cu | AuEq* |
m | m | m | g/t | g/t | % | % | g/t | |
INDDH21-159 | 108.00 | 110.00 | 2.00 | 1.13 | 1.1 | 1.160 | 0.019 | 1.88 |
and | 226.30 | 228.20 | 1.90 | 3.67 | 72.9 | 1.344 | 0.088 | 5.61 |
INDDH21-160 | 131.00 | 133.00 | 2.00 | 2.78 | 3.4 | 0.378 | 0.018 | 3.09 |
and | 241.00 | 271.50 | 30.50 | 0.81 | 4.7 | 0.050 | 0.093 | 1.06 |
including | 252.00 | 254.07 | 2.07 | 9.52 | 5.2 | 0.026 | 0.070 | 9.72 |
INDDH21-161 | 36.00 | 50.00 | 14.00 | 1.05 | 10.1 | 0.721 | 0.072 | 1.74 |
including | 45.75 | 48.00 | 2.25 | 1.22 | 18.8 | 1.020 | 0.097 | 2.25 |
and | 142.00 | 214.00 | 72.00 | 0.45 | 7.0 | 0.528 | 0.047 | 0.94 |
including | 191.00 | 191.83 | 0.83 | 1.53 | 35.9 | 4.810 | 0.255 | 5.36 |
including | 203.00 | 205.00 | 2.00 | 1.38 | 17.2 | 1.140 | 0.030 | 2.35 |
including | 208.77 | 209.67 | 0.90 | 2.46 | 46.3 | 0.592 | 0.054 | 3.53 |
INDDH21-162 | 8.40 | 11.50 | 3.10 | 2.20 | 18.9 | 0.314 | 0.064 | 2.75 |
and | 127.00 | 217.00 | 90.00 | 1.92 | 6.1 | 0.116 | 0.039 | 2.14 |
including | 174.00 | 175.50 | 1.50 | 23.70 | 13.8 | 0.183 | 0.119 | 24.19 |
including | 209.00 | 214.50 | 5.50 | 4.95 | 3.9 | 0.010 | 0.069 | 5.12 |
INDDH21-163 | 76.65 | 78.40 | 1.75 | 6.26 | 40.5 | 0.041 | 1.197 | 8.81 |
and | 232.00 | 253.00 | 21.00 | 0.48 | 9.0 | 1.138 | 0.045 | 1.37 |
including | 239.00 | 242.00 | 3.00 | 2.47 | 34.7 | 2.107 | 0.168 | 4.49 |
INDDH21-168 | 191.42 | 192.49 | 1.07 | 4.22 | 11.2 | 0.723 | 0.022 | 4.85 |
INDDH21-169 | NSV |
2021 Inel Drill Program
Table 4 2021 Inel (KSP Property) Drill Hole Location and Orientation Information
Hole-ID | Easting | Northing | Elevation | Length (m) | Azimuth | Inclination | |
INDDH21-157 | 380164 | 6275946 | 1686.8 | 250.30 | 269.35 | -69.87 | |
INDDH21-158 | 379918 | 6275498 | 1491.8 | 104.80 | 303.66 | -73.95 | |
INDDH21-159 | 380488 | 6275661 | 1894.5 | 241.70 | 90.61 | -59.68 | |
INDDH21-160 | 380450 | 6275600 | 1865.8 | 271.50 | 168.09 | -58.58 | |
INDDH21-161 | 380450 | 6275600 | 1865.8 | 301.00 | 184.17 | -54.57 | |
INDDH21-162 | 380450 | 6275600 | 1865.8 | 250.50 | 124.42 | -71.36 | |
INDDH21-163 | 380529 | 6275749 | 1916.4 | 270.50 | 270.50 | -78.50 | |
INDDH21-164 | 380315 | 6276108 | 1769.5 | 102.50 | 297.32 | -77.38 | |
INDDH21-165 | 380317 | 6276109 | 1770.0 | 131.50 | 341.03 | -61.99 | |
INDDH21-166 | 380319 | 6276108 | 1770.1 | 113.50 | 63.42 | -68.83 | |
INDDH21-167 | 380317 | 6276105 | 1770.2 | 134.00 | 197.50 | -65.35 | |
INDDH21-168 | 380180 | 6276057 | 1698.5 | 230.00 | 270.21 | -55.55 | |
INDDH21-169 | 380178 | 6275861 | 1696.1 | 16.06 | 258.00 | -67.00 | |
Quality Control and Assurance ("QA/QC")
Drill core samples for the KSP 2021 exploration program followed chain of custody between collection and delivery to a Bureau Veritas ("BV") laboratory in
Notes:
* Gold equivalent ("AuEq") is used for illustrative purposes, to express the combined value of gold, silver, copper and zinc as a percentage of gold. Calculations are uncut and no allowances have been made for recovery losses that would occur in a mining scenario. AuEq is calculated on the basis of
AuEq = (
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