OPERATIONS UPDATE, 64NORTH PROJECT (14 DECEMBER 2020)

RML 2020 12 14 Hole8 Core inspect 800px web

 

Executive Summary

• Drilling of Holes #8 and #9 has been completed at the “Central Zone” of the Aurora Prospect adjacent to the world-class, high-grade Pogo Gold Mine (ASX:NST)

• Drilling targeted the extensions of the shallow dipping Pogo-style 7m thick quartz vein intersected on hole #7 (20AU07) drilling pierce points up-dip and along-strike with step-outs of 100m and 200m

• Zones of quartz veining and intense alteration were intersected in both holes with zones of interest from Hole #8 (228-230m, 309-310m, 477-478m & 567-571m) and Hole #9 (112-114m & 212-213m)

• Core has been moved to Fairbanks to be cut and fast-tracked with assays expected in January

• Trenching work at the E1 Prospect has been completed on 4x200m trenches to allow identification of potential drilling targets with assays now expected in January due to laboratory overload

Detailed structural logging of new drill core will be undertaken and combined with assay results and geophysics data sets to refine and prioritise next drill holes for 2021

• The Aurora Prospect is road accessible and drilling is possible all-year round 

 

“We look forward to the results of these high priority holes and to completing our preliminary evaluation of the West Pogo Block in the first season of the 64North Project.” 

-Managing Director Duncan Chessell 

RML OP Update 20 12 14 

Drilling program details

Following on from the successful drilling of a 7m thick Pogo Style quartz vein (announced 17/9/20), drilling commenced from the same drill pad as Hole #7 to undertake two more holes to test the lateral potential of the quartz vein. Pogo-style veins have large variations in grade and thickness over short distances and it is essential to drill step out holes up-dip, down-dip and/or along strike to determine grade variation and lateral extents of the vein and the potential for stacked set repetitions. The rig was re-positioned for hole #9 (20AU09) which is slightly to the south-east of the pad for holes #7 and #8. Drill pads were prepared as indicated with red dots in Figure 1 and Figure 2, to allow follow up drilling through winter as required using road access. The Central Zone is 1500m by 750m in size and has the scale potential to host a significant resource. The completion of holes #8 (20AU08) and #9 (20AU09) took slightly longer than anticipated with an unseasonably cold snap of -40oC in the first week of November.

The holes tested the along-strike and up-dip presence of the dilational zone which contained a 7m thick quartz vein in Hole 7 (20AU07). The pierce points were 100m and 200m from the pierce point on hole #7. Zones of narrow quartz and intense alteration were intersected in both holes with zones of interest from Hole #8 (309m-317m and 565m-568m) and up-dip in Hole #9 (212m-213m). The core has been recovered to Fairbanks for core to be cut, inspected and fast-tracked with assays expected in January.

 

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