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Resources and Drilling

The Estelle Gold Project currently comprises of 4 mineral resource deposits across 2 main areas

Korbel – 2 large bulk tonnage resources

  • Korbel Main, a bulk tonnage deposit, located in the North of the project area, which has a confirmed strike length of over 2.5km and up to 500m depth, and remains open with significant potential to further extend the mineralization.
  • Cathedral is another bulk tonnage deposit nearby and similar to Korbel Main. An initial maiden Inferred resource has confirmed a strike length of at least 800m and 350m wide. The deposit remains wide open in all directions. The potential for high-grade zones exist with up to 114 g/t Au in surface rock chip samples.

RPM – Geological indications show the 3 areas at RPM are potentially genetically linked

  • RPM North is a high-grade deposit, located in the South of the project area, which has a 450m strike length and 150m width, defined by close spaced resource drilling, and remains open. It also includes a high-grade M&I core of 100m long x 50m wide x 300m deep. Significant potential remains to further extend the mineralization.
  • RPM South is a newly discovered zone. Initial drilling as confirmed a genetically link to RPM North. Currently resources have a strike length of 400m and 250m width. Over 600m of perspective strike length connects RPM South with RPM North.
  • RPM Valley is another newly discovered mineralized zone in the valley down from RPM North which was drilled in 2023.

Recently the Company has also discovered antimony and other critical minerals coincident with the gold in surface sampling on numerous prospects across the project.

Drilling

Drilling in 2024 plans to focus on growing and proving up the measured and indicated resource to ore reserves for the PFS at RPM, and to follow up on the new gold and critical minerals discoveries at Stibium, Train, Trumpet, Shoeshine and Muddy Creek.

84,000m of diamond and RC drilling has been undertaken to test the extent of all deposits and infill, in support of a high confidence JORC compliant Mineral Resource Estimate of 9.9 Moz Au across the Estelle Gold Project, as released to the market on 11 April 2023. This Mineral Resource contains a proportion of Measured and Indicated classified material to support future studies and an Ore Reserve. 6,600m of drilling in late 2023, and future targeted drilling programs, are planned to upgrade both the size and confidence of the resource estimate.

Estelle Gold Project – JORC Compliant Global Mineral Resource Estimate, April 2023

For the latest information on exploration and drilling results at the Estelle Gold Project, please view our ASX Announcements, Company Presentations and Videos.