29/07/16 Additional High Grade Silver/Zinc/Lead Targets Discovered at Thali - Loei Belt, Thailand

Criteria

JORC Code explanation

Commentary

Sampling techniques

• Nature and quality of sampling (e.g.: cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.

• Measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

• Aspects of the determination of mineralisation that are Material to the Public Report. In cases where 'industry standard' work has been done this would be relatively simple (e.g.: 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g.: submarine nodules) may warrant disclosure of detailed information.

• Soil samples were collected by Venture Minerals Ltd personnel. The sampling team comprised one geologist and up to three field assistants.

• Soil samples were collected using hand tools (mattock and shovel) from the B horizon at depths ranging from 20 to 45cm.

• Each soil sample weighed between 1 and 3 kg when collected, A field duplicate was collected every c. 20th sample site.

• After collection the soil samples were air dried and screened to -2mm.

Drilling techniques

• Drill type (e.g.: core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc..) and details (e.g.: core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc..).

• No drilling, not applicable

Drill sample recovery

• Method of recording and assessing core and chip sample recoveries and results assessed.

• Measures taken to maximise sample recovery and ensure representative nature of the samples.

• Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

• No drilling, not applicable

Logging

• Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.

• Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography.

• The total length and percentage of the relevant intersections logged.

• The soil samples were qualitatively logged and described by a suitably qualified geologist.

Sub-sampling techniques and sample preparation

• If core, whether cut or sawn and whether quarter, half or all core taken.

• If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry.

• For all sample types, the nature, quality and appropriateness of the sample preparation technique.

• Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

• Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.

• Whether sample sizes are appropriate to the grain size of the material being sampled.

• After drying and screening to c. -2mm the soil samples were subsampled by repeated passes through a 50:50 riffle splitter to produce c. 200g split for assay.

• The 200g splits were all analysed for Cu, Pb and Zn by Venture Minerals Ltd personnel using Olympus Delta 50 Premium portable XRF. The 200g splits were then submitted to commercial assay laboratory ALS Global, Perth ("ALS") for assay of Ag. At ALS the entire 200g splits were pulverised to nominally 80% passing 75 microns to produce the analytical pulps.

• No drilling so information regarding drill sampling not applicable.

Quality of assay data and laboratory tests

• The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

• For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc..

• Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether

• At ALS the analytical pulps were assayed by industry standard four acid digest (perchloric, nitric, hydrofluoric and hydrochloric) followed by ICP-OES and ICP-MS finish to read Cu, Ag, Pb and Zn.

• Commercially certified Ag and base metal reference materials were included in both portable XRF and ALS batches at a minimum rate of one standard per 30 soil samples.

• Approx. 8% of the Cu and Zn assays and 24% of the Pb assays obtained by portable XRF were verified by