お知らせ • Apr 11
Steam Engine Gold Project Final Batch 2024 Assays Reveal High Grade Gold Lode At Windmill East
The Steam Engine Project new prospect, Windmill East, has confirmed high grade gold mineralisation: 8m @ 3.01 g/t Au from 12m depth including 3m @ 7.51 g/t Au (and 1.31% Zn) from 15m. including 1m @ 16.62 g/t Au from 17m. Updating of. Mineral Resource has commenced whilst Feasibility Study continues to progress. 2024 program assays expected to result in Mineral Resource upgrade and larger mining proposal than contemplated in 2024 Scoping Study. However, until further drilling is carried out the true width of the mineralisation should be considered as uncertain. A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: easting and northing of the drill hole collar elevation or RL (Reduced Level) of the drill hole collar dip and azimuth of the hole down hole length and interception depth. hole length. If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. Data aggregation methods, In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated., Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated., Exploration results are reported as a length weighted average of all the assays of the hole intersections., No top cutting has been applied to the exploration results., No metal-equivalent values are reported., Criteria, JORC Code explanation, Commentary, Diagrams, Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. Included., Further relevant maps and sections are included in previous ASX announcements as referred to in this report, including the announcements dated 25 March 2025, 20, December 2024, 18 November 2024, 3 October 2024, 23 September 2024, 22, November 2021, 18 October 2021, 22, November 2021,18 October 2021, 1 September 2021, 1 September 2021, 12 August 2021, 19 February 2021, 11 February 2021, 18 January 2021, 5 November 2020, 15 October 2020, 30 September 2020, 14 September 2020 and 14 August 2017., Balanced reporting, Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results., Drill Hole collar tables with significant intersections are included in this announcement and previous ASX announcements as refer to in this report., Other substantive exploration data, Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances., Three batches of metallurgical tests from composited samples have been conducted between 2020 to 2022 involving a total of 31 samples (24 for Steam Engine and 7 from Eastern Ridge). A summary of the metallurgical test work undertaken so far has concluded an average recovery for the Steam Engine Lode of approximately 82% and approximately 95% for the Eastern Ridge Lode., Further work, The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive., Additional work programs include: Cultural heritage surveys, Drill testing of SAM and geochemical targets, Mineral Resource remodelling, Mineral Resource remodelling, Further Metallurgical targets, Further Metallurgical targets, further work programs include: Further Metallurgical targets, and geochemical targets, and geochemical targets; Mineral Resource remodelling, and geochemical targets, Further Metallurgical testing of the Company's Mineral Resource remodelling and geochemical targets.