Kandia Emerging As Multi-Deposit Gold Corridor
Released
Released
Announcement PDF
10 JULY 2025
KANDIA IS EMERGING AS A
COHESIVE, MULTI‑DEPOSIT GOLD
CORRIDOR
RC Drilling Extends Mineralisation to 150m Depth
• 11-hole (1,510m) RC programme at the Kandia 4000 and 8000 zones confirms
well-defined lodes.
• Best Results:
25KARC005
• 5m at 1.00g/t Au from 173m and
• 2m at 1.51g/t Au from 176m.
25KARC007
• 2m at 1.33g/t Au from 137m.
25KARC009
• 3m at 1.42g/t Au from 82m.
25KARC010
• 5m at 1.39g/t Au from 155m.
25KARC011
• 1m at 9.91g/t Au from 50m and
• 6m at 1.68g/t Au from 74m.
25KARC015
• 4m at 1.11g/t Au from 23m and
• 2m at 4.15g/t Au from 38m.
• Mineralised structure extends to 150m vertical depth and remains open
down‑plunge and along strike.
• Detailed structural review has generated multiple undrilled targets along the
granite‑metasediment contact.
• Auger drilling starts early August 2025, with follow‑up RC drilling scheduled for
September 2025.
• Kandia is one of several licences in Castle’s extensive and very prospective Wa
East tenure, which is largely under-explored.
Castle’s Executive Chairman, Stephen Stone, commented:
“The Kandia RC drilling programme has confirmed mineralisation in well-defined
lodes with the host structure extending to 150m depth.
Kandia is transforming from shallow anomalism to a series of prospects that have
good depth and strike continuity. This bodes well for Castle’s strategy of delineating
a large, mineralised tonnage across multiple deposits on the 16km north-east
trending Kandia corridor.
A detailed structural analysis of the Kandia trend has identified new targets and
enhanced understanding of key structural controls on gold distribution. We will
apply this knowledge to the broader Kandia licence and across all of Castle’s Wa East
tenure.
An auger geochemical sampling campaign will commence in early August to validate
existing and new targets. Follow-up RC drilling to extend defined mineralisation and
test new high-conviction targets is planned for September.”
Castle Minerals Limited (“Castle”, “the Company”) (ASX:CDT) is pleased to report
results from RC drilling at its Kandia Gold Project (“Kandia”) in Ghana’s emerging
Upper West gold region.
The 11-hole, 1,510m RC drilling programme was focused on the 4000 (nine holes) and
8000 (two holes) zones, which lie on the northeast-trending, 16km prospective
contact between Birimian metasediments and a major granite intrusion, a typical
setting for many gold deposits in West Africa.
At its northern end, the Kandia structure abuts the tenure of the 2.8Moz mineral
resource (Black Volta Gold Project) which is earmarked for development this year.
Prior geochemical sampling and shallow RAB drilling had identified several zones of
anomalism along the prospective corridor. Castle is systematically testing for primary
mineralisation and enhancing its understanding of the specific controls on gold
distribution. The focus is to delineate a large tonnage of shallow mineralisation across
multiple, near-surface deposits with the benefit of the BVGP operation and
infrastructure nearby.
Drilling in both zones has confirmed the continuity of mineralisation along strike and
to at least 150m below surface in the vicinity of previous wide-spaced first-pass
drilling.
Major zones of gold mineralisation are confined to specific ore shoots within
persistent, broader mineralised structures. A better understanding of the controls on
shoot development will enable additional mineralisation to be delineated.
2
Fig 1. Kandia Gold Project: 4000 and 8000 mineralised zones
4000 ZONE
Intercepts obtained at the 4000 zone include (1.0g/t Au cut off, max 2m internal
dilution) (refer Table B):
25KARC005
• 5m at 1.00g/t Au from 173m and
• 2m at 1.51g/t Au from 176m.
25KARC007
• 2m at 1.33g/t Au from 137m.
25KARC009
• 3m at 1.42g/t Au from 82m.
25KARC010
• 5m at 1.39g/t Au from 155m.
25KARC011
• 1m at 9.91g/t Au from 50m and
• 6m at 1.68g/t Au from 74m.
3
Four of the holes drilled at the 4000 zone (25KARC005 to 25KARC008) were designed
to test the depth extent of the mineralised zones defined by previous drilling. The
mineralised structure has been successfully extended to 150m below surface.
Two holes (25KARC009 to 25KSRC010) drilled to the north intersected mineralisation
immediately before they were curtailed for technical reasons.
Two holes (25KARC0012 and KSRC0013) drilled to the east of the existing drilling were
designed to test for possible mineralisation associated with interpreted structural
targets located towards the margin of the granite contact. No notable intercepts were
returned.
These results complement intercepts from the previous RC drilling campaign which
included 7m at 3.36g/t Au from 149m within 24m at 1.78g/t Au from 139m and 5m
at 3.49g/t Au from 82m within 11m at 2.26g/t Au from 79m (refer ASX release 28
January 2025).
Parallel north-trending structures appear to define the extent of mineralisation at the
4000 zone and could indicate a more extended northerly trend of mineralisation than
previously thought. The next round of drilling will be designed to confirm this.
8000 ZONE
At the 8000 zone, one of two holes drilled (25KARC015) was intended to test a zone of
elevated gold mineralisation outlined in previous drilling campaigns and successfully
achieved this, intersecting 4m at 1.11g/t Au from 23m and 2m at 4.15g/t Au from
38m.
A second hole (25KARC014) was designed to test an interpreted east-west structure
evident on aeromagnetic imagery. This structure appears to link the 8000-zone with a
series of gold-bearing RC holes 200m to the east. No gold mineralisation was
encountered.
Targeting
The Kandia licence is one of several comprising Castle’s extensive and very
prospective Wa tenure, which is largely under-explored.
4
Fig 2. Kandia Gold Project: 4000 zone, July 2025 RC drilling results
A recently updated interpretive study, utilising high-resolution aeromagnetic data
from a 2010 survey commissioned by Castle, has highlighted that the majority of the
Kandia granite-metasediment structural contact is traversed by a series of crosscutting structures. The 4000 and 8000 zones are proximal to two of these. As only
5.4km of the structural corridor has been tested by RAB or RC drilling, there is a
considerable opportunity to identify additional mineralisation.
The study has also been extended across the Company’s entire Wa East tenure to
reveal several additional areas of interest separate from the Kandia trend.
The Castle auger campaign is set to commence in early August 2025 and will be
designed to selectively test these many targets.
5
Fig 3. Kandia Gold Project: 8000 zone, July 2025 RC drilling results
6
Fig 4. Ghana’s Upper West Region
GOLD IN NORTHERN GHANA
West Africa is regarded as one of the world’s premier regions to be exploring for gold,
delivering an enviable fifteen discoveries of over two million ounces each since 2012.
Much of this new gold is found in Birimian-age ‘greenstone’ rocks, the host to many of
West Africa’s and Ghana’s existing multi-million-ounce gold mines and the same
rocks hosting mineralisation at Castle’s Kpali and Kandia Gold Projects.
Ghana’s “new frontier” northern region is increasingly regarded as one of the most
prospective areas to make such discoveries in West Africa. Exploration in the region
is very immature compared to Ghana’s south, where several world-class mines have
been operating for many decades.
This immaturity in the northern region, along with its Birimian geology and structural
setting, bodes well for further discoveries to be made, and Castle is well-positioned
to participate in this process.
7
Exploration at the Kandia Gold Project has only to look to 2.8Moz Black Volta Gold
Project (“BVGP”), which is a relatively recent discovery. The majority of this gold was
delineated by Castle’s Executive Chairman, Stephen Stone, under his former
stewardship of Azumah Resources Limited. Castle’s Kandia mineralised trend is
immediately to the south of the BVGP’s high-grade Julie deposit.
In the same region and to the north-east, lies the recently commissioned 5.1 Moz
Namdini Gold Project, discovered by Cardinal Resources Limited prior to its takeover
by Shandong Gold Limited in 2020. Namdini lies on the same Bole-Bolgatanga
Birimian greenstone belt as Castle’s Kandia discovery.
Just across the border in Côte d’Ivoire, and 80km to the south of Castle’s Kpali Gold
Project, the Endeavour Mining plc owned Assafou deposit lies in a similar geological
setting. It is an excellent and very encouraging example of what can be achieved in
West Africa. Following an initial reconnaissance geochemical survey in 2018, Assafou
has been fast-tracked to a Pre-Feasibility Study in 2024, supported by a 4.1Moz gold
ore reserve (refer LSE/TSX release dated 11 December 2014).
For further information, please contact:
Stephen Stone
Executive Chairman
stone@castleminerals.com
+61 (0)418 804 564
This announcement was authorised for release to the ASX by the Board of Castle
Minerals Limited.
8
ABOUT CASTLE MINERALS
Castle Minerals Limited is an Australian Securities Exchange (ASX:CDT) listed and
Perth, Western Australia headquartered company with interests in several projects in
Ghana and Western Australia that are prospective for gold, graphite and base metals.
In Ghana, West Africa, Castle’s 100% owned Ghanaian subsidiary, Carlie Mining Ltd,
owns the Kpali Gold Project in the Upper West Region which comprises the Kpali,
Kpali East and Bundi gold prospects. The Kandia Gold Project is a standalone,
separately located discovery. All occur in the highly prospective Birimian geological
terrane, the host to many of West Africa’s and Ghana’s multi-million-ounce gold
mines.
The 100% owned Kambale Graphite Project is also located in Ghana’s Upper West
Region. It is being progressed through technical and commercial evaluation for the
production of battery-grade material to be used in the manufacture of lithium-ion
batteries.
Farm-outs or sales have been sought for the Company’s West Australian projects. The
Polelle Project, 7km southeast of the operating Bluebird gold mine near Meekatharra,
hosts a mainly obscured and minimally explored greenstone belt prospective for gold
and possibly base metals. The Wanganui Project is prospective for down-plunge
high-grade gold shoots. Both have been optioned for purchase to Great Boulder
Resources Limited (ASX: GBR) for possible incorporation into its emerging Side Well
project.
The Beasley Creek Project is prospective for gold and lithium and lies on the northern
flanks of the Rocklea Dome in the southern Pilbara.
9
PREVIOUSLY REPORTED INFORMATION RELATING TO THIS RELEASE
Additional details, where applicable, can be found in the releases referenced in this
Report and/or in releases lodged by the Company with the ASX, including the
following:
Headline
High Grade Gold Hits, Kpali Prospect, Ghana
Drilling Completed Ahead of Schedule at Kpali Gold Project
March 2025 Quarterly Report & Appendix 5B
Next Phase of Drilling to Commence at Kpali Gold Project
Castle raises $3 Million to Accelerate Ghana Gold Drilling
High Grade Gold intercepts Confirm Kpali Discovery
Excellent Gold Intercepts From Drilling at Kandia Prospect
Drilling Completed at Kpali and Kandia Gold Prospects
Drilling Commences at Kpali and Kandia Gold Prospects
Kpali Drilling Programme Completed and Drill-for-Equity
Agreement
Castle Commences Drilling at Kpali Gold Project
Reprocessed Geophysics and Historical Intercepts to Drive
Ghana Gold Expansion
US$11.7 Million Farm-Out Agreement, Degbiwu and Gbiniyiri
Licences, Ghana
New Graphite Discovery in Ghana
Maiden Resource Estimate for the Kpali Gold Prospect
New Gold Zone Intersected at Kpali
High Grade Gold Intersected at Bundi Prospect
Kpali Gold Discovery
Kpali Drill Results
Multiple EM targets identified at Bundi Prospect
Geophysical Survey Commences at Bundi and Kpali
Drilling Extends Kpali Gold Discovery
High Grade Gold Horizon Defined at Bundi Prospect
New Gold Discovery at Kpali Prospect in Ghana
RC Drilling Confirms Gold and Zinc Discovery at Bundi Prospect
New 600m Long Gold Zone Defined – Kpali Prospect
New Gold Hits South of Bundi Prospect RC drilling Commences
Bundi Gold Target Increases to 1,400m
Drilling Confirms Gold Mineralisation at Wa South and New
Prospect Identified
Date
16 June 2025
20 May 2025
28 April 2025
24 March 2025
3 March 2025
13 February 2025
28 January 2015
15 January 2025
19 December 2024
22 August 2024
7 August 2024
11 June 2024
14 August 2019
30 July 2014
2 July 2014
20 March 2014
31 January 2014
28 January 2014
18 January 2014
28 October 2013
13 August 2013
4 July 2013
17 June 2013
24 May 2013
23 May 2013
20 May 2013
6 May 2013
22 April 2013
26 September 2012
10
Table A: Drill Hole Collar Information – Kandia Prospect
Prospect
DH Hole
East
Kandia
Kandia
Kandia
Kandia
Kandia
Kandia
Kandia
Kandia
Kandia
25KARC005
25KARC006
25KARC007
25KARC008
25KARC009
25KARC010
25KARC011
25KARC012
25KARC013
597919
597920
597848
597894
598004
598046
598072
598229
598198
Kandia
Kandia
25KARC014
25KARC015
600612
600482
North
RL
4000 ZONE
1104447
285
1104481
294
1104242
292
1104365
256
1104597
281
1104595
281
1104522
282
1104589
283
1104575
281
8000 ZONE
1107818
238
1107825
224
Total Depth (m)
Azimuth
Dip
200
200
170
180
200
160
100
70
70
90
90
90
90
90
90
90
90
90
-50
-50
-50
-50
-50
-50
-50
-50
-50
80
90
140
140
-50
-50
Table B: Summary of key intercepts from Kandia 11-hole RC Drilling Programme.
(>1g/t Au lower cut, max 2m internal dilution)
(*>0.5g/t Au lower cut, max 2m internal dilution)
Hole Number
25KARC005
incl
25KARC006
25KARC007
and
and
and
25KARC008
25KARC009
Incl.
and
and
and
25KARC010
25KARC011
and
25KARC012
25KARC013
25KARC014
25KARC015
and
From (m)
To (m)
4000 ZONE
173
178
176
178
178
179
82
83
118
119
122
123
137
139
164
165
82
85
82
83
164
165
171
172
178
179
155
160
50
51
74
80
No significant results
No significant results
8000 ZONE
No significant results
23
27
38
40
Width (m)
Au g/t
5
2
1
1
1
1
2
1
3
1
1
1
1
5
1
6
1.00 *
1.51
1.01
2.68
1.18
1.80
1.33
1.56
1.42 *
2.83
1.30
1.73
2.02
1.39 *
9.91
1.68
4
2
1.11 *
4.15
11
Kandia Gold Project: RC Drilling Results – July 2025
Appendix: JORC Code 2012 Edition – Table 1
Section 1: Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections)
Criteria
JORC Code Explanation
Certified Person 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.
• Include reference to 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 simple (e.g.,
‘reverse circulation drilling was
used to obtain 1 m samples from
which 3kg was pulverised to
produce a 30g 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.
RC drill cuttings were collected at regular
one-metre intervals during drilling
operations.
The sampling methods employed are
standard industry practice and were
supervised by qualified and experienced
geological personnel employed by Castle.
RC samples were processed using
standard industry practices, including
sorting, drying, pulverising, and fire
assaying, at Intertek Laboratories
(Ghana).
12
Criteria
JORC Code Explanation
Certified Person Commentary
Drilling
techniques
• Drill type (e.g., core, reverse
circulation, open-hole hammer,
rotary air blast, auger, Bangka,
sonic, etc.) and details (eg core
diameter, triple or standard tube,
depth of diamond tails, facesampling bit or other type,
whether core is oriented and if
so, by what method, etc.).
The drilling programme was completed
using a reverse circulation drill with a
110mm face sampling hammer.
Drill sample • Method of recording and
recovery
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.
Sample volume returns were monitored
visually during drill operations by the rig
geologist. No wet samples were collected
during the drill programme.
Logging
Geological logging of the drill chips was
conducted by a qualified geologist using a
company-standard logging code. The
logging included descriptions for colour,
lithology, mineralogy, structure, grain size,
alteration, alteration intensity, and
weathering.
• 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.
In the RC drilling, the cyclone and sample
hose were regularly purged and cleaned
during drill operations to minimise
contamination.
There does not appear to be a relationship
between sample recovery and grade.
RC logging is semi-qualitative, given the
nature of the rock chip fragments.
Chip trays were collected for each RC
hole and photographed.
13
Criteria
JORC Code Explanation
Certified Person Commentary
Subsampling
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 insitu 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.
Bulk samples were collected at metre
intervals via a cyclone. Intervals
displaying strong alteration, sulphide
mineralisation or quartz veining were
selected for immediate individual
sampling, with the remainder of the hole
sampled at the conclusion of drilling. The
original one-metre bulk sample bags were
passed through a 3-tier riffle splitter, and
a 2–3kg subsample was collected in a
numbered calico bag.
• 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 acceptable levels of
accuracy (i.e. lack of bias) and
precision have been established.
Samples were sent to Intertek
Laboratories (Ghana) at Tarkwa, Ghana.
The entire sample was dried and
pulverised to a nominal 85% passing 75
microns. A 50g subsample was collected
and analysed for gold by fire assay with an
AAS finish (FA50L/AA).
Quality of
assay data
and
laboratory
tests
For quality control purposes, field
duplicates were undertaken at a rate of
one per every 20 samples.
The sample size is considered appropriate
for the grain size of the material being
sampled.
The Company inserted certified reference
standards at a rate of 1 sample per 40
samples. Blank samples were inserted at
a rate of 1 sample per 20 samples, and
field duplicates were inserted at a rate of 1
sample per 20 samples. Additionally, the
laboratory conducted internal quality
control checks.
The QA/QC protocols did not identify any
sampling or laboratory bias in the results.
14
Criteria
JORC Code Explanation
Certified Person Commentary
Verification
of sampling
and
assaying
• The verification of significant
intersections by either
independent or alternative
company personnel.
• The use of twinned holes.
• Documentation of primary data,
data entry procedures, data
verification, data storage
(physical and electronic)
protocols.
• Discuss any adjustment to assay
data.
No independent or alternative company
has been engaged to verify the results.
Data on collar position, sampling intervals
and drill hole lithology were recorded in
the field on a standard Microsoft Office
Excel worksheet. The field data is stored in
the Company’s Cloud server. The
Company’s database manager validates
the data and merges it with assay data
into a relational database maintained by
the Company. The Company maintains all
original digital field data files and assay
reports in Perth.
Assay data is reported by the laboratory in
parts per billion (ppb), and the Company
converted the assay results to parts per
million (ppm).
Location of
data points
• Accuracy and quality of surveys
used to locate drill holes (collar
and down-hole surveys),
trenches, mine workings and
other locations used in Mineral
Resource estimation.
Drill collars were positioned by a
handheld GPS receiver. A licensed
surveyor has been contracted to record
the location of the drill collars using a
DGPS receiver with an accuracy of 10
mm.
Downhole surveying was completed using
a digital Reflex instrument operated by the
drill contractor. Hole azimuth data was
adjusted for magnetic declination.
Location of
data points
• Specification of the grid system
used.
Data
spacing and
distribution • Quality and adequacy of
topographic control.
Data locations are supplied in the WGS84
datum and UTM Zone 30N projection.
The DGPS survey of the drill collars is
sufficient for the current purposes. There
has not been a LIDAR survey over the
area.
15
Criteria
JORC Code Explanation
Location of
data points
Certified Person Commentary
• Data spacing for reporting of
Exploration Results.
Data
• Whether the data spacing, and
spacing and
distribution is sufficient to
distribution
establish the degree of
geological and grade continuity
appropriate for the Mineral
Resource and Ore Reserve
estimation procedure(s) and
classifications applied.
• Whether sample compositing
has been applied.
The RC drill programme was designed to
infill the existing Bundi prospect RC
drilling.
Orientation
of data in
relation to
geological
structure
• Whether the orientation of
sampling achieves unbiased
sampling of structures and the
extent to which this is known,
considering the deposit type.
• If the relationship between the
drilling orientation and the
orientation of key mineralised
structures is considered to have
introduced a sampling bias, this
should be assessed and reported
if material.
There is no surface outcrop to accurately
determine the orientation of the central
geological units or gold mineralisation.
RC holes were oriented perpendicular to
the interpreted strike of the inferred RAB
and auger geochemical anomalies.
Interpretation of the geology and gold
assay data suggests the drilling
orientation is approximately
perpendicular to the strike of the
mineralisation.
Sample
security
• The measures taken to ensure
sample security.
Individual 1-metre samples for assay were
collected into bulk bags by Castle site
personnel. Intertek Laboratories
organised for the bulk bags to be collected
from the site and delivered to the
laboratory for analysis. No discrepancies
were noted between the sample
submission form and the actual samples
received.
Audits or
reviews
• The results of any audits or
reviews of sampling techniques
and data.
There has been no independent audit of
the results. The Company maintains all
the raw digital records relating to the
drilling programme, which were reviewed
by the Company’s consultant geologists
and a competent person.
The RC holes were drilled on EW sections
at an incline of 50 degrees consistent with
the existing drill pattern.
Only single one-metre assay results were
used to determine significant assay
intersections.
16
Section 2: Reporting of Exploration Results
Criteria
JORC Code Explanation
Certified Person Commentary
Mineral
tenement
and land
tenure
status
• Type, reference name/number,
location and ownership, including
agreements or material issues
with third parties such as joint
ventures, partnerships, overriding
royalties, native title interests,
historical sites, wilderness or
national park and environmental
settings.
The Kandia Gold Project is located on
the Kandia Prospecting Licence (PLA
10/13) which is being converted from a
prior RL licence.
• The security of the tenure held at
the time of reporting along with
any known impediments to
obtaining a license to operate in
the area.
The licence is a prospecting licence
registered by Ghana MINCOM under the
auspices of the responsible Minister,
who has custody of the operation of the
Ghana Minerals Act.
• Acknowledgment and appraisal of
exploration by other parties.
Recent artisanal workings are evident
on the licence.
Exploration
done by
other
parties
The licence is held by Carlie Mining
Limited, a Ghanaian registered
company wholly owned by Castle
Mining Limited.
The Ghanaian Government has a right to
a 10% free carried interest in any mine
development in the licence area. There
are no known third-party encumbrances
on the title.
Castle discovered the Kandia prospect
following the completion of regionalscale auger geochemistry programmes
in late 2012 and early 2013. Auger holes
were drilled on E-W lines 800m apart,
with hole spacing ranging from 40m to
80m. The average hole depth was 15m.
Anomalous gold in auger results was
followed up by inclined RAB drilling on
lines 100m apart, with holes spaced
between 20m and 40m along the lines.
Follow-up RC drilling was completed
during late 2013 and early 2014.
In July 2010 Castle commissioned
24,743 line km high resolution
aeromagnetic survey (100m line
spacing, 40m bird height). Data was
processed and interpreted by Value One
Resources Pty Ltd.
17
Criteria
JORC Code Explanation
Certified Person Commentary
Geology
• Deposit type, geological setting,
and style of mineralisation.
The Kandia Gold Project is considered a
structurally orientated, orogenic gold
deposit of Birimian age associated with
metasediments on the western flank of
a large granitoid intrusion. The area is
considered a part of the northeast
trending Bole - Bolgatanga Greenstone
Belt.
Drill hole
Information
• 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:
A table of all RC drill collars and
significant intersections returned from
the current programme at the Kpali Gold
Project is included in this report (Table
A).
• easting and northing of the drill
hole collar
• elevation or RL (Reduced Level –
elevation above sea level in
metres) 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.
18
Criteria
JORC Code Explanation
Certified Person Commentary
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.
The mineralised intervals reported have
been determined by the numerical
average of individual one-metre gold
assays. A lower cutoff of 1g/t was used,
and no top cut was applied. A max 2m
internal dilution was accepted.
Relationshi
p between
mineralisati
on widths
and
intercept
lengths
• These relationships are
particularly important in the
reporting of Exploration Results.
• If the geometry of the
mineralisation with respect to the
drill hole angle is known, its nature
should be reported.
• If it is not known and only the
down hole lengths are reported,
there should be a clear statement
to this effect (eg. ‘down hole
length, true width not known’).
All results reported are downhole
intervals. There is insufficient
information to determine the true width
of the mineralisation based on the
available drill data.
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.
Appropriate maps and figures are
provided in the body of this report.
Where they add value to the narrative,
some intercepts using a cutoff of 1g/t Au
and a max 2m internal dilution have
been included.
No metal equivalent values are
reported.
19
Criteria
JORC Code Explanation
Certified Person Commentary
Balanced
reporting
• Where comprehensive reporting of A table of all RC drill intersections is
provided with this report (Tab
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