Malmsbury - Victoria

Nice update from Novo on the GBM's Malmsbury JV. Particularly the last sentence!
Looking forward to the assays starting to flow soon also,

Victorian Assets

Work to date has identified several gold target-styles present on the Malmsbury and Queens Projects that include “Fosterville-type,” anticline-fault related targets, large (km-scale) planar faults and fault breccias, “Woods Point-A1 style,” intrusion-hosted orogenic targets and the potential for an intrusion-related-gold system (IRG) associated with the mineralized monzogranite at Belltopper Hill .

Phase 1 diamond drilling by Deepcore Pty Ltd commenced on RL6587 for the Malmsbury JV on December 14, 2021. The phase 1 program at Belltopper Hill consists of eight proposed diamond holes for ~1,750 m initially and includes the following:

- Five holes (~660 m planned) testing the Leven Star deposit as part of the tenure expenditure commitment requirements

- One deeper exploration-focussed hole testing an extension to the Leven Star deposit and potential extensions/structural intersections with the Missing Link, Antimony and Panama/Panama West reefs

- One drill hole testing the mineralized granite “Missing Link Monzogranite” and Missing Link structure at depth

- One drill hole testing the complex horsetail fault zone associated with the Never Despair workings north of Panama

To date two holes are complete for a total of 477.9 m. Interpretation is ongoing at this early stage in the program, but it appears both holes intersected their predicted target structures (Leven Star and associated splays, Missing Link, Panama). In addition, several zones of alteration and disseminated or stringer sulphide mineralisation have also been intersected. Initial drill hole samples dispatched for assay.

Of high significance is the confirmation of a significant anticline hinge position encountered in the second drill-hole. This important structure was identified during recent detailed mapping coupled with structural data synthesis and is located within the highest priority Au-As-Sb-Mo prospective corridor that additionally hosts the Missing Link monzogranite. Confirmation of the interpreted anticline position in this critical target corridor strongly validates the “Fosterville-style,” anticline-related gold mineralisation potential and highlights the exciting opportunities for multiple Au mineralisation styles expected to be discovered and advanced across the project area.