Ann: Dalgaranga Gold Project - Mineral Resource Estimate Update, page-240

I noted these two responses on LinkedIn to the upgraded MRE - Nick Jolly suggests the reserve will be impressive - I am eagerly waiting!




Justin believes NN and Pepper are shoots in the same deposit - hope there are more shoots in that same deposit.


I also noted the following statements on page 18 of the MRE update announcement which I interpret as they are looking for more high grade shoots like NN and Pepper.:

"Pepper is located adjacent to Never Never on the southern flank. Pepper demonstrates the same thick,
high-tenor gold mineralisation with abundant visible gold. The stratigraphy differs from Never Never, as
is located between two siliceous shale units – both hanging wall and footwall. The structure extends on
the same plane as the GFIN lode mined in the Gilbey’s open pit, however high-grade gold mineralisation
commences below the upper flexure zone which disrupts Never Never, but not terminating mineralisation
at depth. Spartan believes there is also a structural boundary between Never Never and Pepper. Studies
continue on the Dalgaranga Project, focussing on structural modelling and geochemical analysis to assist
drill targeting for further discoveries."

"The secondary style of mineralisation is analogous to the mineralisation styles present in the Gilbey’s
Main deposit, where mineralisation is understood to be structurally controlled, and where silicification and
the presence of sulphides typically accompany mineralisation. Spartan postulate the Never Never
mineralisation is a high-grade feeder to the Gilbey’s system, with other feeder zones noted in grade
control drilling within the main Gilbey’s Pit."

I also note the following 2 images from the MRE announcement and the target areas for further drilling - there seems to be lots of new areas they are looking for more high grade shoots like NN and Pepper. Its a shame the images are only 2 dimensional - in the first image I am intrigued by the ones I have circled in black especially the top 2 - I am surprised they are targeting areas above NN or is the target behind NN rather than just above it? The one I have circulated in red to the right of Pepper would be under 4P ?


The areas I have circled in black below coincide with the 2 at the top in the image above while the I also notice they are drilling right across from NN to below WW.
Interested in other views on the above 2 images.