ASX ANNOUNCEMENT 10 July 2013 JUNEE and OBERON
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ASX ANNOUNCEMENT 10 July 2013 JUNEE AND OBERON PROJECTS - STATEMENT OF RESOURCES Further to our announcement of 3 July 2013, the estimated mineral resources in respect of the Dobroyde deposit (Junee) and the Murphys deposit (Oberon) are set out below. Statement of Resources DEPOSIT Indicated Inferred Contained Resource Resource Metal Dry Gold Silver Dry Gold Silver Gold Silver tonnes (g/t) (g/t) tonnes (g/t) (g/t) (oz) (oz) Dobroyde (Junee) 2,080,000 1.15 - - - - 77,000 - Murphys (Oberon) - - - 5,300,000 0.89 2.2 150,000 372,000 The Statement of Resources has been prepared by Dr Ian Blayden of Geological & Management Services Pty Ltd on behalf of ARX from internal reports compiled by New South Resources NL reported at a 0.3 g/t gold cut-off. The Dobroyde and Murphys resources are classified as Indicated and Inferred, respectively, based on the available drilling control and confidence in the geological and mineralisation continuity. These figures were calculated based largely on historic drilling data that was acquired by previous exploration companies in the respective project areas. Intercepts from the historic drilling are set out below. The data and methodologies used in these resource estimations were audited and verified by ARX’s independent consultant, Dr Ian Blayden, and are reported in the Statement of Resources annexed to this announcement. Competent Person Statements The information in this report that relates to exploration results and historic drilling data is based on information compiled by Mr Brad Wake, who is a member of the Australian Institute of Geoscientists. Mr Wake has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’ Mr. Wake is a full time employee of Arc Exploration Limited and consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. Arc Exploration Limited Sydney Jakarta ABN 48 002 678 640 Level 8 T + 61 2 8076 6004 Perkantoran CBD/BIDEX T + 62 21 5316 0118 www.arcexploration.com.au 65 York Street F + 61 2 8215 1600 Blok F No. 5 F + 62 21 5316 0119 Sydney NSW 2000 E [email protected] Jl. Pahlawan Seribu, BSD City Australia Tangerang 15321 Indonesia The information in the Statement of Resources was prepared by Dr Ian Blayden, who is a Member of the Australian Institute of Mining and Metallurgy and is Principal Consultant with Geological and Management Services Pty Ltd. All resource estimate models and reports used in preparing the Statement of Resources pertaining to the Dobroyde (Junee) and Murphys (Oberon) deposits were independently audited and reviewed by Dr Ian Blayden. Dr Blayden has sufficient experience that is relevant that to mineral resource estimations and to the style of deposits under consideration and to the activity being undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves.’ Dr Blayden consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.’ For further information please contact: Andrew J. Cooke Company Secretary Tel: + 61 2 8076 6004 Email: [email protected] Or visit the website: www.arcexploration.com.au JUNEE PROJECT - DOBROYDE GOLD DEPOSIT Table of Historic Mineralised Drill Intercepts (>0.3 g/t Au) Hole ID Company Year Hole Type From (m) To (m) Length (m) Au g/t DOB11 Getty Oil 1984 RC/Diamond 13 14 1 0.91 17 18 1 0.3 25 26 1 0.55 31 32 1 0.98 41 42 1 0.36 47 48 1 0.62 49 50 1 0.3 57 58 1 0.36 59 60 1 0.41 63 64 1 0.72 101 102 1 0.3 DOB15A Getty Oil 1984 Diamond 13 14 1 0.4 34 35 1 0.43 42 45 3 0.5 46 47 1 0.45 73 74 1 0.38 96 97 1 0.47 99 100 1 0.6 110 112 2 0.56 120 121 1 0.56 129 130 1 0.66 DOB16 Getty Oil 1984 Diamond 21 22 1 0.8 24 28 4 1.02 29 30 1 4.8 30 31 1 0.58 33 34 1 1.15 45 46 1 0.3 47 48 1 0.4 49 50 1 0.39 57 82 25 6.27 incl 64 65 1 36.5 incl 66 67 1 33.2 incl 67 68 1 17.5 incl 69 70 1 15.5 DOB17 Getty Oil 1984 Diamond 30 31 1 0.41 D86-018 Little River Resources 1986 RC 44 46 2 0.7 D86-019 Little River Resources 1986 RC 106 107 1 0.49 D86-022 Little River Resources 1986 RC 93 96 3 0.82 D86-036 Little River Resources 1986 RC 10 11 1 0.39 19 20 1 0.41 30 31 1 0.41 34 35 1 0.31 D86-038 Little River Resources 1986 RC 34 36 2 0.34 41 45 4 0.67 46 53 7 2.17 D86-039 Little River Resources 1986 RC 18 19 1 0.53 28 29 1 0.46 33 36 3 0.58 37 49 12 2.82 incl 45 46 1 25 D86-040 Little River Resources 1986 RC 22 23 1 0.38 25 26 1 0.66 43 44 1 1.22 45 51 6 5.22 incl 46 47 1 26.2 D86-041 Little River Resources 1986 RC 17 18 1 0.42 31 32 1 0.4 33 34 1 0.3 35 36 1 0.46 39 40 1 0.72 41 46 5 0.84 61 65 4 0.42 71 73 2 0.46 74 78 4 1.26 79 80 1 0.43 84 85 1 0.43 D86-042 Little River Resources 1986 RC 1 3 2 0.47 41 42 1 0.6 D86-043 Little River Resources 1986 RC 40 42 2 1.38 62 64 2 0.49 71 72 1 0.32 D86-044 Little River Resources 1986 RC 29 31 2 0.38 50 51 1 0.56 D86-045 Little River Resources 1986 RC 16 17 1 0.75 D86-046 Little River Resources 1986 RC 50 51 1 0.32 61 62 1 0.7 79 80 1 0.36 88 89 1 0.3 90 91 1 0.3 109 115 6 2.5 D86-047 Little River Resources 1986 RC 47 48 1 0.5 50 51 1 0.5 JUNEE PROJECT - DOBROYDE GOLD DEPOSIT Table of Historic Mineralised Drill Intercepts (>0.3 g/t Au) Hole ID Company Year Hole Type From (m) To (m) Length (m) Au g/t D86-048 Little River Resources 1986 RC 2 3 1 1.25 3 4 1 0.56 32 34 2 0.43 57 58 1 0.46 D86-049 Little River Resources 1986 RC 10 14 4 0.37 15 17 2 0.39 18 21 3 0.52 D86-050 Little River Resources 1986 RC 2 3 1 2.1 10 11 1 0.52 12 13 1 0.3 16 18 2 0.52 20 21 1 0.45 27 28 1 0.33 28 29 1 0.34 30 31 1 0.63 32 33 1 0.38 37 41 4 0.86 42 46 4 0.67 48 52 4 0.97 57 61 4 0.65 64 65 1 0.32 69 7-0 1 0.33 87 93 6 1.21 95 96 1 0.59 98 101 3 0.55 D86-051 Little River Resources 1986 RC 21 25 4 1.4 26 33 7 0.72 38 39 1 0.3 44 57 13 1.8 58 69 11 1.67 70 74 4 0.76 79 84 5 1.19 85 95 10 1.69 96 101 5 1.34 102 103 1 0.42 105 107 2 1.37 109 120 11 1.03 D86-052A Little River Resources 1986 RC/Diamond 3 5 2 0.33 12 16 4 1.27 50 51 1 0.4 54 57 3 0.7 58 71 13 1.33 72 73 1 0.4 74 77 3 0.87 78 85 7 2.46 86 88 2 0.35 90 91 1 0.45 92 114 22 37.3 incl 98 99 1 26.2 100 101 1 57 101 102 1 115 102 103 1 530 103 104 1 34.5 D86-053 Little River Resources 1986 RC 27 29 2 0.46 34 36 2 0.38 40 41 1 0.35 47 48 1 0.3 49 54 5 6.45 incl 50 51 1 26.3 60 62 2 2.19 75 76 1 0.34 77 80 3 2.03 81 83 2 1.01 87 89 2 2.93 95 96 1 0.33 97 102 5 3.23 106 115 9 2.44 D86-054 Little River Resources 1986 RC 18 21 3 0.42 43 45 2 0.45 64 65 1 0.4 87 89 2 1.86 D86-055 Little River Resources 1986 RC 16 17 1 5.5 34 35 1 0.37 37 40 3 1.6 42 43 1 0.4 D86-056A Little River Resources 1986 RC/Diamond 29 31 2 4.35 36 37 1 0.3 47 49 2 2.31 50 51 1 0.7 80 81 1 0.7 88 93 5 0.68 94 95 1 0.4 96 111 15 1.97 123 124 1 0.95 JUNEE PROJECT - DOBROYDE GOLD DEPOSIT Table of Historic Mineralised Drill Intercepts (>0.3 g/t Au) Hole ID Company Year Hole Type From (m) To (m) Length (m) Au g/t D86-057 Little River Resources 1986 RC 17 18 1 1 44 45 1 0.3 71 74 3 1.07 75 76 1 0.38 81 87 6 0.8 90 91 1 0.37 116 117 1 0.34 D86-058 Little River Resources 1986 RC 24 25 1 0.63 39 40 1 0.47 42 44 2 0.48 46 47 1 0.41 48 49 1 0.82 D86-059 Little River Resources 1986 RC 21 22 1 12.1 22 23 1 0.62 24 25 1 0.38 36 37 1 0.48 50 51 1 0.3 65 66 1 0.49 67 68 1 0.3 D86-060 Little River Resources 1986 RC 40 41 1 0.38 56 57 1 0.3 74 75 1 0.46 D86-061 Little River Resources 1986 RC 6 7 1 0.61 16 17 1 0.34 48 49 1 0.57 69 74 5 0.77 D86-062 Little River Resources 1986 RC 7 8 1 0.4 8 9 1 12.9 9 10 1 1.9 D86-063A Little River Resources 1986 RC/Diamond 31 32 1 0.4 62 65 3 0.47 77 82 5 1.1 83 92 9 0.69 96 97 1 0.5 98 99 1 0.5 100 123 23 2 124 127 3 0.78 128 130 1 0.7 138 142 4 0.34 143 144 1 0.5 D86-064A Little River Resources 1986 RC/Diamond 38 40 2 1.16 41 46 5 3.53 48 49 1 0.59 56 57 1 0.42 59 64 5 0.93 68 69 1 0.7 76 87 11 0.75 95 100 5 0.46 101 102 1 0.3 102 103 1 0.5 D86-066 Little River Resources 1986 RC 6 7 1 0.4 19 20 1 0.39 21 23 2 0.63 24 25 1 0.35 36 37 1 0.6 38 42 4 0.62 51 52 1 0.33 53 54 1 4 54 55 1 0.41 57 60 3 1.03 72 74 2 0.41 75 76 1 0.46 77 79 2 0.63 81 92 11 0.8 93 97 4 0.78 D86-067 Little River Resources 1986 RC 8 11 3 2.2 29 31 2 0.49 33 34 1 0.35 41 43 2 0.52 50 54 4 0.8 67 69 2 0.7 D86-069 Little River Resources 1986 RC 25 26 1 0.46 32 34 2 0.49 D86-070 Little River Resources 1986 RC 29 31 2 0.57 39 40 1 0.52 45 53 8 1.17 60 61 1 1.4 JUNEE PROJECT - DOBROYDE GOLD DEPOSIT Table of Historic Mineralised Drill Intercepts (>0.3 g/t Au) Hole ID Company Year Hole Type From (m) To (m) Length (m) Au g/t D86-071 Little River Resources 1986 RC/Diamond 11 12 1 0.35 13 14 1 0.35 15 17 2 0.83 20 21 1 0.7 23 24 1 0.35 28 29 1 0.7 39 40 1 0.6 43 44 1 4.7 44 45 1 0.85 46 52 6 1.42 53 54 1 0.35 55 56 1 0.3 D86-072 Little River Resources 1986 RC 9 12 3 0.95 15 21 6 0.53 22 23 1 0.65 27 28 1 0.45 D86-073 Little River Resources 1986 RC 34 35 1 0.8 38 42 4 0.99 45 50 5 0.46 52 58 6 0.57 76 77 1 0.55 81 82 1 0.42 D86-074 Little River Resources 1986 RC/Diamond 38 39 1 0.3 47 48 1 0.37 50 51 1 0.3 54 55 1 2.85 55 56 1 0.42 78 86 8 1.19 D86-075 Little River Resources 1986 RC 8 9 1 0.37 13 14 1 0.54 37 39 2 0.38 40 41 1 0.35 49 50 1 0.35 52 55 3 0.38 53 55 2 0.7 60 61 1 0.36 65 66 1 0.31 67 68 1 0.45 69 70 1 0.32 71 72 1 0.35