Microsoft Word - 2015-0819 Cover Letter.doc
EKJV Exploration Report
September 2015 Quarter
ASX ANNOUNCEMENT
2 November 2015
Australian Securities Exchange Code: TBR
Board of Directors:
Mr Otakar Demis
Chairman and Joint Company Secretary
Mr Anton Billis
Managing Director
Mr Gordon Sklenka
Non-Executive Director
Mrs Lyndall Vaughan
Joint Company Secretary
Suite G1, 49 Melville Parade South Perth WA 6151
T: +61 8 9474 2113
F: +61 8 9367 9386
E: [email protected]
W: www.tribune.com.au ABN: 11 009 341 539
Tribune Resources Ltd (ASX code: TBR) has pleasure in providing the Quarterly EKJV Exploration Report dated 29 October 2015.
For further information please contact: Lyndall Vaughan
E: [email protected]
Ph: +61 8 9474 2113
East Kundana Joint Venture
SEPTEMBER 2015 QUARTERLY EKJV EXPLORATION REPORT
For distribution to JV Partners:
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Northern Star Resources
-
Tribune Resources
-
Rand Mining
-
SUMMARY
A total of 9,099.0m of drilling has been completed at the East Kundana Joint Venture during the September Quarter (Table 1). Of this 6,180m was Diamond drilling with 1,956m being drilled at the Pegasus deposit, 631m drilled at Drake, 3,873m drilled at Falcon, 1,572m drilled at Lunar Duck and 1,067m drilled at Ambition. A further 2,919m of RC drilling was conducted. With 1,347m being drilled at Falcon and 1,572m drilled at Lunar Duck.
Project
|
Prospect
|
Tenement
|
Metres - RC
|
No. Samples
|
Metres - DD
|
No. Samples
|
Comments
|
EKJV
|
Pegasus
|
M16/309
|
-
|
-
|
1956
|
1797
|
EKJV
|
Drake
|
M16/309
|
-
|
-
|
631
|
1256
|
EKJV
|
Falcon
|
M16/309
|
1347
|
1542
|
2526
|
-
|
EKJV
|
Lunar Duck
|
M16/309
|
1572
|
1793
|
-
|
-
|
EKJV
|
Ambition
|
M16/326
|
-
|
-
|
1067
|
-
|
EKJV
|
Raleigh Corridor
|
M16/309
|
-
|
-
|
-
|
771
|
Total
|
2,919m
|
3,335
|
6,180m
|
3,824
|
Table 1. EKJV Drilling Summary for the Quarter
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Pegasus Prospect Locations
The prospect locations as referred to in this report are presented in Figure 1.
Drake
Old Pegasus
Poseidon
Arcas
Jewellery Box
Medusa
Polaris
Centauri
Link Zone
500m
Figure 1. Long Section of the Pegasus Deposit showing the Local Prospect Names
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Schematic Pegasus Cross Section
A schematic cross section of the Pegasus deposit is presented in Figure 2. The conceptual positions of mineralisation are shown in red. References throughout this report are made to these mineralisation locations; namely K2, K2E, K2B, Mbp veins and Pode.
K2B
West East
Pode
Mbp Veins
K2 (FW)
K2B
Centenary Shale (Shl)
K2E (HW)
Bent Tree Basalt (Mb)
Victorious Basalt (Mbp)
Intermediate Volcaniclastic Tuff (Ivt)
Figure 2. Schematic Cross Section of the Pegasus K2 Deposit showing Mineralisation Positions (Red Outlines)
-
July
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DRILLING
During July, two surface Diamond rigs drilled 1,956m, 631m, and 654m respectively at the Pegasus, Drake and Falcon prospects, for a total of 3,241m (Table 2, Figure 3). Drilling consisted primarily of two drill testing programmes, one targeting the Pode structure at Drake, and one targeting the volcaniclastics and K2A structure at Falcon, directly west of Pegasus. A resource targeting programme targeted the K2 and Pode structures at Pegasus to upgrade the Polaris area to an indicated classification.
Nine Diamond holes were drilled during July, with 996 samples being sent to the lab in July, all samples were from holes drilled in May and June.
2.1.1 Pegasus
Five Diamond holes were drilled in northern Pegasus in July (Table 3, Figure 3). PGDD15021, PGDD15022, PGDD15023, and PGDD15030, were drilled as part of a four hole resource targeting programme infilling the Polaris zone to a 40m x 40m drill spacing, which should subsequently