Alahiné

Alahiné encompasses an area of 64km2. A soil program was successful in delineating broad zones of gold anomalism along the eastern side of the licence and a significant number of single and multiple-station highly anomalous sites across the licence. 

Summary of merged Phase 1 and Phase 2 gold BLEG soil results overlain on satellite imagery of the Alahiné Licence. The licence is 8km x 8 km in size. Data points have been enlarged to build a solid colour pattern to better highlight distribution of values. Gold values greater than 50 ppb are considered significant particularly where there is an associated cluster of 20-50 ppb values. (Source: POL Prospectus Annexure B: Independent Geologist’s Report)

As defined by soil sampling during 2018 and 2019, there are three areas with significant gold anomalism extending over approximately 8 km in length. Additionally, twelve single station anomalies with >1000 parts per billion (ppb) gold and 8 anomalies with 500 to 1000ppb gold elsewhere in the licence must be further progressed. The very high gold values (>1000ppb) are not the result of contamination from artisanal activities. All soil samples were collected from depths of 200 to 300mm beneath the ground surface are an accurate reflection of the natural abundance of gold in the soil at a given sample location.

There are also substantial areas of lateritic cover which may conceal zones of structurally hosted vein mineralisation and supergene enriched or basal laterite hosted gold, in which investigation works will follow.

Following a successful soil program, a reconnaissance program of 21 Reverse Circulation drill holes commenced on 12 December 2019 and was completed 24 February 2020. The program totalled 2406 metres to typical depths of 100-120 metres downhole. This was done to assess grade distribution, vein abundance, geology and weathering depth, and alteration of the bedrock on short traverses and at individual anomaly sites bearing in mind the vein target objective.

Drill hole AHRC014 was the most significant hole drilled in the program. The near surface section of the hole (1 to 41m) contains low grade gold mineralisation with assays ranging from 0.99g/t to 0.62g/t. A second more strongly mineralised intercept from 89m to end of hole in fresh rock contains several mineralized zones including 14m at 2.64g/t from 89m and the hole was terminated in mineralisation (refer to Figure below). Note: Widths of mineralised drill intercepts in Figure below are drilled widths. True widths of these features are likely to differ from the drilled widths depicted and will depend on the relative orientations of the mineralised veins intersected and the drill holes.


Traverse 4 - Detailed hole data plot.
(Source: POL Prospectus Annexure B – Independent Geologist’s Report)

The AHRC014 intercept shows a promising grade intersection to depth, characteristic of economic deposits of the type recognised regionally.