Ann: Boxdale-Carlisle Gold Trend above Large Ultramafic Intrusive, page-4

BOXDALE-CARLISLE REEFS: GOLD TARGET
 New 3D magnetic interpretation highlights 20km long, elongate magnetic ultramafic
body underneath the Boxdale – Carlisle Reefs gold trend
 Magnetic feature interpreted to be the source feeder to gold mineralisation in the
overlying deformed sedimentary rocks
 The large size of the magnetic body provides scope for a sizeable gold system
 RC drilling at Boxdale has been completed with 23 holes for 2,370m and gold assays
(3,440) pending results from drilling at Boxdale and Carlisle Reefs
Figure 1: Schematic long section of the Boxdale (NW) – Carlisle Reefs (SE) gold zone showing a 20km long
elongate ultramafic magnetic body below the recent soil sampling areas where drilling has returned shallow gold.
New 3D magnetic inversion modelling of detailed 50m spaced arial magnetics
demonstrates evidence for a 20km long, elongate, magnetic, ultramafic rock (**bro)
underneath the Boxdale-Carlisle Reefs gold trend.
The **bro was a possible heat source driver and/or fluid conduit for the gold
mineralisation and the size of the **bro provides scope for a large hydrothermal gold
system. Recent drill intercepts are encouraging such as 5m at 4.16g/t from 24m within
33m at 1.10g/t Au from 3m (ASX AGC 2nd March 2022).