Fosterville Gold Mine Underground Drill Results - Jan 2016 News Release
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1 Fosterville Gold Mine Underground Drill Results - Jan 2016 News Release FIGURES Figure 1 Longitudinal Projections of Phoenix Eagle East Dipping and Kestrel Mineralization, Fosterville Gold Mine Figure 1A Longitudinal Projection of Lower Phoenix and Lower Phoenix FW Mineralization, Fosterville Gold Mine Figure 2 Longitudinal Projection of Fosterville Gold Mine Figure 3 Location Plan, Fosterville Gold Mine TABLES Table 1: Table 2: Drill Assay Intercepts for Eagle, LPFW, Phoenix and East Dipping Faults and Kestrel Structures (Intercepts reported are outside of the December Indicated Mineral Resources) Exploration Underground Drill Hole Collar Locations, Fosterville Gold Mine (Drilling programs later than and outside of the reporting of the December 2014 Indicated Mineral Resources, Fosterville Mine Grid)
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6 Table 1: Drill Assay Intercepts for Eagle, LPFW, Phoenix and East Dipping Faults and Kestrel Structures (Intercepts reported are outside of the December Indicated Mineral Resources) Hole ID From To Downhole Interval Estimated True Width Gold Grade (g/t Au) Geological Structure Eagle UDH Eagle UDH Eagle UDH Eagle UDH Eagle UDH Eagle And Eagle UDH Eagle UDH Eagle UDH Eagle UDH Eagle And Eagle UDH Eagle UDH1416 (1) Eagle Including (1) Eagle UDH Eagle And Eagle UDH Eagle UDH1451 (1) Eagle Including (1) Eagle UDH1455 (1) Eagle Including (1) Eagle UDH Eagle UDH Eagle UDH1458 No Significant Intercept Eagle UDH Eagle UDH Eagle UDH1478A (1) Eagle Including (1) Eagle UDH1481 (1) Eagle Including (1) Eagle UDH Eagle UDH Eagle UDH1496 (1) Eagle Including (1) Eagle East Dipping UDH East Dipping
7 UDH East Dipping UDH East Dipping UDH1408 (1) East Dipping Including (1) ,321 East Dipping UDH1410 (1) East Dipping Including (1) East Dipping UDH East Dipping UDH East Dipping UDH East Dipping UDH East Dipping UDH1450 (1) East Dipping Including (1) East Dipping UDH East Dipping UDH1456 (1) East Dipping Including (1) ,368 East Dipping UDH East Dipping UDH East Dipping UDH East Dipping UDH1474 (1) East Dipping Including (1) East Dipping UDH East Dipping UDH East Dipping UDH East Dipping Kestrel UDH Kestrel UDH Kestrel UDH Kestrel UDH Kestrel UDH Kestrel UDH Kestrel UDH Kestrel UDH Kestrel UDH Kestrel And Kestrel UDH Kestrel UDH Kestrel UDH Kestrel UDH Kestrel UDH Kestrel UDH Kestrel UDH Kestrel Lower Phoenix UDH Lower Phoenix UDH Lower Phoenix
8 UDH Lower Phoenix UDH Lower Phoenix UDH Lower Phoenix UDH Lower Phoenix UDH Lower Phoenix UDH Lower Phoenix UDH Lower Phoenix UDH Lower Phoenix UDH Lower Phoenix UDH Lower Phoenix UDH Lower Phoenix UDH1451 No Significant Intercept Lower Phoenix UDH1452 No Significant Intercept Lower Phoenix UDH1478A (1) Lower Phoenix UDH Lower Phoenix UDH Lower Phoenix UDH Lower Phoenix Lower Phoenix FW UDH Lower Phoenix FW UDH Lower Phoenix FW UDH Lower Phoenix FW UDH Lower Phoenix FW UDH Lower Phoenix FW UDH Lower Phoenix FW And Lower Phoenix FW UDH Lower Phoenix FW UDH Lower Phoenix FW UDH Lower Phoenix FW Phoenix UDH Phoenix UDH Phoenix UDH Phoenix UDH Phoenix UDH1520A Phoenix UDH Phoenix Notes: (1) - Visible gold observed in drill intercept Drill intercepts greater than 30 Gram-Metres (gold grade x estimated true width) are shown in bold text Drilling and Assay QAQC Newmarket Gold has in place quality-control systems to ensure best practice in drilling, sampling and analysis of drill core. All diamond drill hole collars (Table 2) are accurately surveyed using a Leica Total Stations instrument and down hole deviations are measured by electronic multi-shot cameras.
9 All reported drill intercepts are from NQ2 sized diamond drill core that was either whole core sampled or cut longitudinally in half with a diamond saw. In the cases of sawn drill core, one-half of the drill-core was sent for assay and the other half retained for reference. Drill core sample intervals vary between 0.3 and 1.2m in length and were determined from logging of sulphide and visible gold. Samples containing visible gold or considered likely to contain visible gold were separated from sulphide gold samples and dispatched independently for assaying. At the laboratory visible gold jobs were processed through a single pulverizer and material barren of gold was crushed before and after each sample to minimize the potential for gold to contaminate successive samples. Assay results are based on 25-gram charge fire assays. Mean grades are calculated using a variable lower grade cut-off (generally 2 g/t Au) and maximum 2m internal dilution. No upper gold grade cut has been applied to the data. However, during future resource work the requirement for assay top cutting will be assessed. Drill samples were assayed at On Site Laboratories, an independent laboratory in Bendigo, Victoria. The facility is registered ISO 9001:2008 (CERT-C33510). A lesser number of samples were also assayed at Gekko Systems Assay Laboratory in Ballarat, Victoria. The facility achieved NATA accreditation (No ) in October 2015 in the field of chemical testing.
10 Table 2: Exploration Underground Drill Hole Collar Locations, Fosterville Gold Mine (Drilling programs later than and outside of the reporting of the December 2014 Indicated Mineral Resources, Fosterville Mine Grid) Hole ID Northing Easting Elevation Collar Azimuth ( ) Collar Plunge ( ) Depth UDH1327 6,748 1,751 4, UDH1343 6,572 1,475 4, UDH1345 6,572 1,475 4, UDH1346 6,572 1,475 4, UDH1347 6,573 1,474 4, UDH1366 6,669 1,750 4, UDH1397 6,747 1,751 4, UDH1403 6,618 1,756 4, UDH1405 6,617 1,756 4, UDH1406 6,618 1,756 4, UDH1407 6,618 1,756 4, UDH1408 6,618 1,756 4, UDH1410 6,618 1,756 4, UDH1415 6,573 1,474 4, UDH1416 6,572 1,475 4, UDH1420 7,192 1,572 4, UDH1421 7,193 1,572 4, UDH1422 7,194 1,572 4, UDH1423 6,747 1,751 4, UDH1424 6,748 1,751 4, UDH1430 7,095 1,665 4, UDH1431 7,094 1,664 4, UDH1432 7,095 1,665 4, UDH1433 7,093 1,665 4, UDH1434 7,093 1,665 4, UDH1435 7,093 1,665 4, UDH1436 7,094 1,665 4, UDH1437 7,093 1,665 4, UDH1438 7,093 1,665 4, UDH1439 6,521 1,471 4, UDH1441 6,945 1,665 4, UDH1444 7,093 1,665 4, UDH1450 6,522 1,470 4, UDH1451 6,522 1,469 4, UDH1452 6,520 1,469 4, UDH1453 7,093 1,665 4, UDH1455 6,619 1,757 4, UDH1456 6,618 1,757 4, UDH1457 6,618 1,757 4, UDH1458 6,619 1,757 4,
11 UDH1460 6,618 1,757 4, UDH1464 6,955 1,631 4, UDH1472 6,868 1,600 4, UDH1473 6,868 1,600 4, UDH1474 6,868 1,600 4, UDH1478A 6,513 1,755 4, UDH1481 6,513 1,755 4, UDH1489 6,846 1,628 4, UDH1490 6,845 1,628 4, UDH1491 6,844 1,628 4, UDH1492 6,843 1,628 4, UDH1493 6,843 1,628 4, UDH1495 6,689 1,471 4, UDH1496 6,523 1,469 4, UDH1499 6,566 1,754 4, UDH1511 6,619 1,757 4, UDH1512 6,618 1,757 4, UDH1517 7,362 1,657 4, UDH1520A 6,447 1,756 4, UDH1522 6,447 1,756 4,
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