Neptune/ The Ladies Interpretation – Drill results table, plan and sectionbelow.Connecting the zone at HMLRRC002 to the zone at the Lady Kate will give over 700m of strike and further drilling could look at this as well as further southwest from HMLRRC002 where the mineralisation appears to be getting wider.
Lady Kate – LadyKate/Placer 8-20m true width @ 1.52% Cu, 0.21 g/t Au.The Lady Kate and Placer drill area to the northeast of Lady Rose shows a single mineralised zone between 8m and 20m in true width based upon channel samples in old open pit workings at right angle to the strike of the mineralisation.The channel samples and drill results show high grade copper with significant gold credits.
A rock channel sample at right angles to strike in the oxide zone gave 20m@ 1.3% Cu and 0.3g/t Au (Malachite along old mining wall).Also in a separate pit across strike gave 8m @ 1.7 % Cu and 0.3 g/t Au.Copper mineralisation appears to be associated with a southwest trending shear zone that has the potential to extend to the Lady Rose some 700m to the southwest (from various Paradigm 2013 Quartley Reports).Best drill results include 15m @ 2% Cu and 0.34 g/t Au and 18m @ 1.03% Cuand 0.1 g/tAu.
PlacerExploration drilled a hole some 400m northeast of the Lady Rose about halfwayto the Lady Kate mines and intersected: 16m @ 0.8%Cu and 0.1 g/t Au.
Parts of the area northeast from the Lady Kate are also known as theMorning Star and the Australian Flag where there has been rock chips to 11.2%Cu. MSP1 drilled at the Morning Star intersected 16m @ 0.76% Cu and 0.12 g/t Au.
Lady Rose – Lady Rose 35m true width @ 0.42% Cu, 0.13g/t Au (see table below).This mineralised zone has an oxide malachite/azurite zone where the old open pit workings are. At depth the mineralised zone has a lower grade footwall zone and a higher grade hanging wall zone with a lower grade zone between them.The averages shown on the table don’t quite show the difference but it is possible that the high grade band at the top of the hanging wall in HMLRRC003 is actually part of the oxide enrichment zone near the old open pit workings.If this is excluded the hanging wall zone is 0.31% Cu, 0.11g/t Au compared to the footwall zone of 1% Cu, 0.17 g/t Au.
The marked upParadigm Metals cross section and plan show the two zones clearly and I haveoverlaid HMX drill holes on the plan.HMLRRC001 appearsto be drilled too far northwest and missed the mineralised zone completely.The best intersection was 2m @ 0.58% Cu, 0.27 g/t Au.The marked up plan illustrates this with the inference from HMLRRC001 being that the mineralisation bends more southerly as shown by Paradigm Metals.
There appears to be some kind of disconnect between HMLRRC002 and theother holes or at least a serious kink in the mineralised zone to bring it thatfar west.More work will be needed to determine if the mineralisation is connected or is an entirely new zone.
Lady Amy – A rock channel sample at right angles to strike in the oxide zone gave64m @ 3% Cu and 0.3g/t Au.Malachite along old mining wall.One historical drill hole that failed to intersect the mineralisation. Clearly further work to locate the surface mineralisation at depth is warranted. There may be faulting or a high grade oxide copper zone not directly reflecting the location of mineralisation at depth.
Other - Lady Jenny to the south of the Lady Rose and Lady Ethel (Ethleen) to theeast of the Lady Kate are not part of the HMX ground as they are coveredby mining leases held by other parties.The Lady Ethel corresponds to the very high soil Cu results shown on the plan in the HMX announcement where all the red squares are in the top right hand corner.Neptune/LadyRose drill results -
Drill hole
Hanging wall zone
Copper
Gold
Footwall zone
Copper
Gold
Alternative intersection with grade spread including lower grade halo
Copper
Gold
Lady Kate (700m to northeast of the Lady Rose)
MSP1
16m
0.76%
0.12 g/t
Channel sample 1
Sample perpendicular to strike in old open pit
20m
1.3%
0.3g/t
Channel sample 2
Sample perpendicular to strike in another old open pit
8m
1.7%
0.3g/t
LKTPDM001
15m
2.0%
0.34 g/t
LKTPDM002
18m
1.03%
0.1 g/t
Placer drill hole (400m northeast of Lady Rose along strike towards Lady Kate)
Placer
16m
0.8%
0.1+g/t
Lady Rose (includes Lady Rose and Lady Rose Extended) holes listed from northeast to southwest
HMLRRC003
2m
1.92%
0.42 g/t
4m
0.75%
0.14 g/t
66m
0.32%
0.07 g/t
LKTPDM005 Surface oxide zone 16m @ 0.51%, 0.04g/t
16m
0.27%
0.07 g/t
28m
Incl. 6m@ 1.5%, 0.28 g/t
0.7%
0.14 g/t
56m
0.44%
0.1g/t
HMLRRC001*
*Drilled too far northwest and missed mineralised zone completely!! 2m @ 0.58% Cu, 0.27 g/t Au
LKTPDM006
16m
0.33%
0.15 g/t
4m
1.9%
0.14 g/t
HMLRRC002
57m
Incl. 5m@ 2.21%, 0.37 g/t
0.35%
0.11 g/t
43m
0.65%
0.27 g/t
100m
0.48%
0.18 g/t
Average
0.72%
0.19 g/t
1%
0.17 g/t
Lady Kate/Placer @ 8-20m true width
Lady Rose 35m true width
1.52%
0.42%
0.21 g/t
0.13 g/t
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