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The objective of the Phase 1 RC drilling programme, asset out in Pambili’s NI 43-101 Technical Report on HVM dated
Independent geologist
In summary, thePhase 1 RC drilling programme was successful in identifying that:
gold mineralization occurs in discrete quartz carbonate-rich veins, often of a high grade.
there is mineralization encountered at depth as projected by the RSIP geophysical survey.
there is potential for multiple reefs whose orientations can best be tested by a diamond drilling program
Section 1-2 had the best intersection at a vertical depth of 100m while Section 9-10 had a good intersection at a vertical depth of 60m.
modelling of gold grades seems to indicate that the reefs have a steep to moderate southerly dip.
no structural data, aswould be acquired in diamond drilling, was discerned from the RC program.
Assay results gave encouraging intercepts including:
HPRC-001: 1m @ 1.42 g/t Au; 7.4m @ 0.50 g/t Au including 2m @ 1.14 g/t Au;5.04 m @ 1.89 g/t Au including 3m @ 2.98 g/t Au
HPRC-002: 3m @ 0.62 g/t Au; 1m @ 2.28 g/t Au; 12.81m @0.48g/t Au including 2m @ 1.11g/t Au and 4m @ 0.70 g/t Au;9.7m @ 2.9 g/t Au including 3m @ 5.89 g/t Au and 4m @ 2.54 g/t Au
HPRC-003: 1m @ 1.46 g/t Au; 1.7m @ 0.80 g/t Au including 1m @ 1.03 g/t Au.
HPRC-004: 1m @ 1.20 g/t Au.
HPRC-005: 3.01m @0.64g/t including 1m @ 1.5 g/t Au; 1m @ 1.45 g/t Au.
HPRC-006: 1m @ 1.95 g/t Au.
HPRC-009:1m @ 6.04 g/t Au;1m @ 4.66 g/t Au.
HPRC-010: 1m @ 1.14 g/t Au; 5m @ 1.18 g/t Au including1m @ 5.23 g/t Au; 1m @ 1.10 g/t Au.
Modelling was done on the drill holes and a tentative 3-D interpretation model of potential orebodies, looking west, is shown below:
Potential mineralized zones, based on sample lithology and grid kriging, are also highlighted in the report, and the following diagram of Section 9-10 looking west is an example of the results of these analyses. More details will be provided in an updated NI 43-101 technical report.
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Pambili Chief Executive Officer (CEO)
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T: 403 277 4421
E:jon.harris@pambilinrc.com
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