Boley-Kilmichael Gold Project County Wexford, IRELAND Project Overview • Shear-hosted gold target • Bonanza grade gold discovered during drilling at Boley: 1.5 m grading 354 g/t within a 13.5 m interval averaging 3.5 g/t Au (applying 20 g/t top cut). Further significant grade intersections including [email protected] g/t Au. DDH 12-2551-04 - Boley SAMPLE No. Interval (m) Length(m) Au (ppm) Repeat Au(ppm) As (ppm) R00128 10.00 - 11.50 1.50 2.32 329 16623 11.50 - 13.00 1.50 >100 354 1145 R00129 13.00 - 14.50 1.50 1.13 143 R00130 14.50 - 16.00 1.50 0.07 22 R00124 16.00 - 18.50 2.50 0.11 72 R00131 18.50 - 19.00 0.50 6.16 2480 R00132 19.00 - 20.50 1.50 2.97 1090 R00133 20.50 - 23.50 3.00 1.34 1080 • Large area of untested ground – potential for significant new discoveries • Lack of systematic exploration in area
2 Project Location
3 Pl Area 2551
Knockbrandon
Kilmichael
Ballyowen- Ballygarrett
Boley
4 Historic Exploration
• PL2551 previously held by Irish Base Metals, Riofinex, Minco, Irish Marine Oil, Aquitaine Mining and Midas Mineral Resources • Numerous bedrock and float gold occurrences, up to 935 g/t Au identified • Exploration carried out primarily in the Ballyowen- Ballygarrett and Kilmichael areas • Notable drill intercepts of 0.72m@10 g/t, [email protected] g/t and [email protected] g/t Au • Limited follow-up work
5 Structural Control on Mineralization
Structural control of mineralization: Intersection of secondary ENE- trending structures with main regional trend? Formation of mineralized corridors?
6 Structural Control on Mineralization
Dark blue-grey slate, phyllite & schist Green & grey slate with thin siltstone
Gold anomalism associated with ENE-trending zones
Basalt & gabbro
7 Knockbrandon
• Mineralized boulders returned gold values of 6.5, 4.8 and 2.1 g/t Au • Fine grained gold noted in panned concentrates • Shallow soils sampling by IMC has successfully delineated gold mineralized zones; coincident shallow soils and lithogeochemical anomalies • Mineralization appears related to second order ENE trending zones? – slightly oblique to main NE trending structures • Drilling by IMC (hole 2551/03) intersected 9.64 g/t Au over a 0.25 m interval (104.5-104.75 m)
8 Knockbrandon
ENE-trending structure controlling mineralization? Drilling by IMC (hole 2551/03) intersected 9.64 g/t Au over a 0.25 m interval (104.5- 104.75m) 9 Knockbrandon
tr. Au 16-23 ppm As
[email protected] g/t Au >1% As
tr. Au 31-430 ppm As
10 Kilmichael
• Gold appears related to ENE-trending zone
• Historic exploration in the area returned gold assay values of 18.24 g/t Au from quartz vein samples 295, 190 and 32.9 g/t Au from mineralized boulders
• Low tenor soil anomalies identified by IMC (maximum values of 31, 23 and 22 ppb Au)
• Gold intersections of [email protected] g/t, [email protected] g/t, [email protected]/t (Minco, 1998) and [email protected] (IMC, 2012)
11 Kilmichael
ENE-trending structure controlling mineralization?
12 Kilmichael
Mineralized zone, discontinuous or truncated and offset?? Section possibly parallels NW-structure
13 Kilmichael
Possible continuation of mineralized zone noted in previous section?
14 Kilmichael
Possible graben structure separating mineralized zones in IMC2551/01 and Minco holes 2551/1 and 2551/2
15 Ballyowen-Ballygarrett • Visible gold found with quartz in a shear zone • Abundant gold grains recovered from panned concentrates • Mineralized boulders returned gold values up to 935 g/t Au (Minco, 1998); IMC follow-up sampling returned 76.8 g/t Au • Deep overburden sampling returned maximum gold values of 2332, 1057, 768 and 656 ppb Au • Stream sediment sampling returned Gold grains from gold values of 110 and 256 ppb Au panned concentrates • Drilling intersected 0.7m@10 g/t, [email protected] g/t and [email protected] g/t Au
16 Ballyowen-Ballygarrett
ENE-trending structure controlling mineralization?
Ballyowen-Ballygarrett Drill Site
17 Ballyowen-Ballygarrett
[email protected] g/t Au
1 to 1.15m @ 1.37, 2.49 and 2.38 g/t Au tr. to 0.69 g/t Au 14 – 205 ppm As As values range from below detection to a maximum of 7970ppm
tr. to 0.43 g/t Au 32 - 411 ppm As
18 Ballyowen-Ballygarrett
[email protected]/t Au As ranges from 15-16,800 ppm
As ranges from 33-5960 ppm [email protected]/t Au 0.72m@>10 g/t Au
19 Ballyowen-Ballygarrett
NE-trending mineralized zone at Ballyowen- Ballygarrett
20 Boley
•Stream sediment samples returned gold values of 3130 and 1490 ppb Au
•Mineralized float returned gold assays of 8 g/t, 0.48 g/t and 0.7 g/t
•Intersected broad zone of mineralization over 13.5 meters including bonanza grade (1.5m@354 g/t Au) as well as 5 m zone grading 2.4 g/t Au
•Average grade over 13.5 m mineralized interval of 3.5 g/t Au (top cut of 20 g/t Au applied)
21 Boley
IMC Drillhole 12-2551-04 1.5m@354 g/t Au
22 Boley
350
23 Recommendations
• Develop better understanding of the structural controls including the reprocessing of available airborne geophysics • Large soil geochemistry survey to cover 5 km untested area between Boley and Kilmichael • Define bedrock gold source through tracing of boulder train, stream source etc • Detailed prospecting at Boley and as follow-up to soil geochemistry survey
24 Proposed Soil Survey
Knockbrandon ENE-trending Au anomaly
Kilmichael & Ballyowen-Ballygarrett ENE-trending Au anomalies
Proposed area to be covered by soil geochemistry survey. This would encompass targets with known bedrock Au and Boley potentially reveal additional mineralized areas.
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