Dr. Peter Lewis reports
ELDORADO GOLD PROVIDES AN UPDATE ON 2017 EXPLORATION PROGRAMS
Eldorado Gold Corp. has provided an update on the company's exploration activities completed to date in 2017. Highlights from the period include:
-
Lamaque resource upgrade and resource expansion drilling: Over 31,000 metres of drilling at the Triangle deposit have been completed since the July acquisition of Integra Gold Corp. Drilling has affirmed the quality of the current resource and highlights the upside potential of the Lamaque project, including intercepts from the C7 zone of 25.44 grams per tonne gold over 3.5 metres and 7.47 grams per tonne gold over 4.4 metres.
-
Completion of the year 1 drilling program at Bolcana, Romania: Results of over 23,000 metres at the company's new Bolcana porphyry project confirm the size and potential of the system, as highlighted by drill hole TRSD013, which featured an intercept of 1,246.0 metres from surface grading 0.94 gram per tonne gold and 0.27 per cent copper.
-
Resource conversion drilling at Efemcukuru: Infill drilling of inferred resources in the Kestane Beleni vein continues to intersect ore grades and widths while exploration drilling at the nearby Kokarpinar vein has identified a new high-grade shoot.
-
Exploration development and underground resource expansion drilling at the Stratoni mine: Development of the hangingwall exploration drift continues, and completion of over 4,500 metres of underground drilling confirms the continuation of the Mavres Petres orebody into previously untested areas.
Dr. Peter Lewis, Eldorado's vice-president, exploration, stated: "The results to date from the 2017 exploration programs reflect the quality of both our brownfields programs and new projects and bode well for extending the life of our current operations while strengthening our internal growth pipeline. We are particularly pleased by the strong results from the Lamaque project, where we have identified high-grade vein intercepts outside of the previously defined resources, and we look forward to expanding our exploration programs to new targets on the property."
Presented herein are project updates for several of the principal 2017 exploration programs. Summary tables of drill hole intercepts from these programs are included at the end of the press release, including estimates of true thicknesses of mineralized zones and cuts of high-grade assays where appropriate.
Lamaque project, Canada
On July 10, 2017, Eldorado completed the acquisition of Integra and its flagship Lamaque project in Val d'Or, Que. Eldorado continued the 2017 drilling program initiated by Integra with over 80,000 metres drilled year to date on the Triangle deposit and the Plug 4 and Lamaque deep targets.
Six surface drill rigs are currently active at the Triangle deposit, where the company has drilled over 31,000 metres since July. A majority of the drilling consisted of resource conversion holes targeting the upper parts of the C2 and C4 zones and definition drill holes within the C2 bulk sample area. To date, the C2 bulk sample program has included development on four levels from which 20,992 tonnes have been processed at the Camflo mill. The definition drilling, underground mapping of the C2 zone and average head grade for the processed material (7.10 grams per tonne gold) all confirm the validity of the geological and resource models. Gold recovery from the processed material has been 95.52 per cent.
The remaining resource expansion holes targeted extensions of the main C zones and their splays. This drilling has locally expanded the limits of the C2, C4 and C5 zones and both extended and confirmed the continuity of high-grade splays associated with the main C zones. These zones were not included in the previous Integra resource model.
Notable intercepts of these splays include:
-
9.57 grams per tonne gold over true thickness of 7.14 metres in hole TM-16-180AW03M01 (C3 splay);
-
7.30 grams per tonne gold over true thickness of 4.56 metres in hole TM-16-114BW01M02 (C4 splay);
-
8.08 grams per tonne gold (capped at 30 grams per tonne gold) over true thickness of 4.62 metres in hole TM-16-180AW02 (C4 splay).
At deeper levels, new intercepts correlated with the C5, C6, C7 and previously unrecognized deeper zones demonstrate the significant upside potential of the Triangle deposit beyond the existing resource areas. Examples include:
-
11.83 grams per tonne gold (capped at 30 grams per tonne gold) over true thickness of 3.50 metres in hole TM-15-037W02M02 (C7);
-
7.77 grams per tonne gold (capped at 30 grams per tonne gold) over true thickness of 6.88 metres in hole TM-15-032W02 (C6);
-
10.62 grams per tonne gold (capped at 30 grams per tonne gold) over true thickness of 6.02 metres in hole TM-15-032 (C6 splay);
-
7.49 grams per tonne gold over true thickness of 7.10 metres in hole TM-15-032W01M03 (new zone).
Drilling is now shifting to focus on other targets within the Lamaque project area. The company expects to drill approximately 15,000 metres for the remainder of the year.
Bolcana project, Romania
The company's new Bolcana project is a large copper-gold porphyry system located approximately six kilometres west of its Certej epithermal deposit development project in Romania. The 2017 exploration program at Bolcana totalled over 23,000 metres of drilling in 25 holes and tested an area measuring 1,200 metres by 900 metres, locally to a depth of more than 1,200 metres.
Results from the 2017 drilling outline a large gold-rich porphyry system centred on a calc-alkaline intrusive complex. Elevated gold and copper values are associated with chalcopyrite and bornite within diorite porphyry intrusions and associated magmatic-hydrothermal breccias. Mineralization is continuous to the depth extent of drilling, with highest grades found in shallow residual potassic zones and in a deeper high-grade potassic core. Drill hole TRSD013, which tested the central core of the system, intersected 1,246 metres from near surface with an average grade of 0.94 gram per tonne gold and 0.27 per cent copper. This includes a shallow high-grade zone of 200.0 metres grading 1.43 grams per tonne gold and 0.3 per cent copper and a deeper zone of 206.0 metres grading 1.55 grams per tonne gold and 0.35 per cent copper. In addition, high grades have been intersected in a second shallow zone referred to as the south zone located approximately 200 metres south of the central zone, where drill hole TRSD017 intersected 132.0 metres grading 1.88 grams per tonne gold and 0.34 per cent copper. The 2017 program was recently concluded and results are being evaluated to define future exploration plans for the project.
Efemcukuru mine, Turkey
At the Efemcukuru epithermal vein deposit, drilling in 2017 included 15,700 metres of resource conversion drilling on the Kestane Beleni vein and an additional 4,000 metres testing exploration targets in the nearby Kokarpinar vein system. Most of the resource conversion drilling at Kestane Beleni has utilized drill stations in the new Kestane Beleni hangingwall exploration drift and has targeted inferred resources down dip from the current production levels in the South ore shoot and in the transition zone between South and Middle ore shoots. Notable results from this program include high-grade intercepts in the South-to-Middle-ore-shoot transition zone with 8.77 grams per tonne gold over 12.65 metres (EF-2703) and 8.19 grams per tonne gold over true thickness of 8.31 metres (EF-2614).
Surface drilling at the Kestane Beleni northwest zone has infilled areas previously drilled at a wide spacing, reducing drill hole spacing to approximately 50 metres over most of the mineralized zone. Although the vein is narrower here than in the South and Middle ore shoots, intercept grades commonly equal or exceed those in the current resource model. New drilling has defined two distinct trends of high-grade ore shoots, with significant intercepts of 19.48 grams per tonne gold over 4.32 metres (EF-024) and 173.5 grams per tonne gold over true thickness of 1.4 metres (EF-033).
At Kokarpinar, exploration drilling in this year's program is testing the northern part of the vein system where complex splays and limited drill site availability had hampered previous drill testing. Nineteen holes were completed, three of which define a new high-grade shoot with intercept grades of up to 29.0 grams per tonne gold over true thickness of 1.2 metres. Stepout drilling is currently in progress testing the downplunge extension of this shoot.
In addition, a 21.2-kilometre induced polarization survey was completed over the Efemcukuru licence area in August with the objective of identifying blind drill targets in the footwall to the Kestane Beleni vein. Results are currently being evaluated, with drilling of new targets scheduled for 2018.
Stratoni mine, Greece
The Stratoni deposit is a high-grade carbonate replacement deposit consisting of massive sulphide lenses occurring within and adjacent to the Stratoni fault zone. The company is currently developing an exploration drift in the hangingwall to the fault zone that provides platforms for drilling untested areas down dip of and along strike to the west of the known orebody. Year to date, 22 underground drill holes have been completed from the new development, which included seven resource conversion holes targeting existing inferred resources. Most of these holes intersected ore thicknesses equal to or greater than those predicted by the resource model with high silver and base metal values. Resource expansion drilling to date has tested an area measuring approximately 100 metres by 100 metres down dip of the deposit. Nine of the 15 holes in this area intersected massive sulphide intervals comparable with those in the main orebody. Two drill rigs are currently active at the project testing additional stepouts to the deposit.
Karavansalija mineralized centre (KMC) project, Serbia
During 2017, at the KMC project, approximately 18,500 metres of diamond drilling have been completed at the Shanac, Copper Canyon, Gradina and Medenovac prospects. The Shanac prospect is a large magnetite skarn system discovered by Eldorado in 2016. Gold mineralization within the skarn assemblage is hosted by Cretaceous limestone underlying an altered and weakly mineralized Tertiary andesitic volcanic sequence. Twelve holes were drilled into the centre of the Shanac system in 2016 and an additional nine drill holes have been completed in 2017 to define the margins of the mineralized body. Gold grades within magnetite skarn at Shanac are typically 0.5 gram per tonne gold to 2.0 grams per tonne gold over vertical intervals of 50 metres to 200 metres beginning at depths of 150 metres to 300 metres from surface, with highest grades localized in a gently dipping lens just below the Tertiary volcanic rocks.
At the Gradina and Copper Canyon prospects, 2017 drilling targeted extensions of high-grade intercepts associated with zones of retrograde skarn mineralization identified in previous drill campaigns and also tested new conceptual targets.
Regional exploration crews are currently completing initial stream sediment, soil and rock-chip sampling at recently granted licences surrounding KMC and elsewhere in Serbia and Kosovo. Initial results have delineated several new target zones to be followed up with geological mapping and ground magnetic surveys.
Regional exploration, Brazil
Throughout 2017, exploration activities in Brazil have focused on grassroots programs at the company's Borborema, Mara Rosa, and Nazareno project areas. The Borborema project includes 3,400 square kilometres of exploration licences in Pernambuco, Ceara and Paraiba states in areas prospective for orogenic gold systems. Since July, 2016, the company has completed an extensive regional geochemical survey of the entire project area and drilled three early-stage targets. The Mara Rosa project in Goias state includes over 280 square kilometres of exploration licences and licence applications covering the Mara Rosa greenstone belt. Soil geochemical surveys, mapping and outcrop sampling programs have defined priority targets on which preliminary drill testing was recently completed and a review of results is under way. The Nazareno project area in Minas Gerais state covers a southwest offshoot of the prolific Quadrilatero Ferrifero (QF). The licences cover roughly a 70-kilometre strike length of a regional shear zone within the Nova Lima group, the same greenstone sequence hosting most of the major deposits in the QF. Drilling commenced in September on several prospects.
Since the beginning of 2016, the company has added approximately 600 square kilometres of licences to its Brazil exploration portfolio, mostly in the Mara Rosa, Ipora and Piranhas areas in Goias state and surrounding its Tocantinzinho development project in Para state.
About
Eldorado
Gold Corp.
Eldorado is a leading intermediate gold producer with mining, development and exploration operations in Turkey, Greece, Canada, Romania, Serbia and Brazil. The company's success to date is based on a highly skilled and dedicated work force, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with the communities where it operates.
Qualified person
Dr. Peter Lewis, PGeo, Eldorado's vice-president, exploration, is the qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, for the disclosure of technical information in this press release. Eldorado operates its exploration programs according to industry best practices and employs rigorous quality assurance and quality control procedures. All results presented are based on half-core samples of diamond drill core analyzed at accredited laboratories. Drill core from Efemcukuru was prepared at Eldorado's sample preparation facility at Canakkale and assayed at ALS Minerals laboratory in Izmir, Turkey. Drill core from the Bolcana, KMC and Stratoni projects was prepared and analyzed at ALS Minerals laboratories in Rosia Montana, Romania, and Loughrea, Ireland. Drill core from the Lamaque project was prepared and analyzed at Bourlamaque Laboratories in Val d'Or, Que. All gold assays are based on fire assay analysis of a 30-gram charge followed by an atomic adsorption finish. Samples with gold grades above 5.0 grams per tonne at the Lamaque project and 10.0 grams per tonne at other projects were reassayed and completed with a gravimetric finish. Copper grades at Bolcana over 0.4 per cent copper were reassayed with four-acid digestion and an ICP-AES finish. Zinc and lead grades at Mavres Petres were determined from an aqua regia digestion with an ICP-AES finish. Certified standard reference materials, field duplicate and blank samples were inserted regularly and were closely monitored to ensure the quality of the data.
Tables of drill hole intercepts
Lamaque, Canada
The attached table lists resource expansion drill holes completed at the Lamaque project since May 31, 2017, for which full assay results have been reported and verified. Intercepts reported are limited to those with (1) gold grade (grams per tonne) multiplied by true thickness (metres) values greater than 10.0; and (2) average gold grade greater than 4.0 grams per tonne. Grades presented in brackets are recalculated with individual assays capped at 30 grams per tonne.
Hole ID From To Interval True Au
(m) (m) (m) thickness (g/t)
(m)
Triangle
TM-15-032 1,242.8 1,244.8 2 1.72 8.8
and 1,308 1,314.5 6.5 6.02 11.05 [10.62]
TM-15-032W01M01 815.1 818.35 3.25 2.47 8.89 [7.35]
TM-15-032W01M03 1,122.2 1,126 3.8 2.77 4.46
and 1,255.8 1,256.4 0.6 0.56 29.75
and 1,288 1,291 3 2.93 7.87
and 1,323 1,324 1 0.94 11.32
and 1,331.5 1,337.3 5.8 4.33 4.83 [4.61]
and 1,423.5 1,426 2.5 2.34 4.38
and 1,460.8 1,462.3 1.5 1.4 11.31
and 1,861.8 1,866.4 4.6 4.42 4
and 1,874.1 1,881.2 7.1 6.82 7.49
TM-15-032W02 1,136 1,145.3 9.3 6.88 8.99 [7.77]
and 1,183 1,183.5 0.5 0.46 21.82
and 1,827.2 1,830.1 2.9 2.6 4.05
TM-15-037W01M03 1,020 1,021.25 1.25 1.04 11.49
and 1,175 1,179.4 4.4 3.73 7.47
TM-15-037W02M02 1,155 1,158.5 3.5 3.22 25.44 [11.83]
TM-15-082W01M01 775.6 781.5 5.9 5.45 22.51 [20.19]
TM-16-114BW01M02 667.7 669.5 1.8 1.98 9.07
and 677.2 681.8 4.6 4.56 7.3
TM-16-114BM02 687 689 2 1.96 22.36 [15.82]
TM-16-180AW01 394.7 397 2.3 2.03 10.18
and 395.9 397 1.1 1.09 18.36
and 666 668.1 2.1 2.05 15.36 [12.99]
TM-16-180AW02 414.1 416.5 2.4 2.38 4.52
and 476.8 477.3 0.5 0.49 24.18
and 652.9 659.5 6.6 6.31 38.97 [25.15]
and 661.2 666 4.8 4.62 8.76 [8.08]
TM-16-180AW03M01 580.7 587.9 7.2 7.14 9.57
TM-16-201AW01M01 450.5 454.5 4 3.58 6.26
TM-16-220W02M01 369 369.61 0.6 0.59 20.41
TM-16-220W03 312.5 313.5 1 0.9 11.99
TM-17-287AM02 782 784 2 2.01 6.9
TM-17-289 439 443 4 3.14 6.54
TM-17-290M01 505 506.8 1.8 1.79 6.66
and 878.5 881 2.5 2.47 5.91
and 895 897 2 1.98 6.09
TM-17-290W01M01 502 504.5 2.5 2.49 5.74
TM-17-294W01M01 1,005 1,006 1 0.74 26.98
TM-17-303AW01 474 474.7 0.7 0.66 99.97 [30.0]
TM-17-311B 393.5 395.5 2 1.95 22.41 [9.11]
TU-17-097 88 88.65 0.65 0.6 69.87 [30.0]
TU-17-107 284.6 286.8 2.2 1.98 13.25 [9.48]
TM-15-032W01M02,
TM-15-037W02,
TM-15-037W02M01,
TM-17-295AM01,
TM-17-295AW01,
TM-17-299A and
TU-17-040 No intercepts above reporting threshold
Bolcana, Romania
The attached table lists all exploration drill holes completed at the Bolcana project in the 2017 program. Intercepts reported are limited to those with: (1) gold grade (grams per tonne) multiplied by thickness (metres) greater than 100.0; and (2) average gold grade greater than 0.4 gram per tonne. No grade capping is deemed necessary. Due to the irregular nature of the mineralized zones, only drill hole thicknesses are presented.
BOLCANA EXPLORATION DRILLING
Hole ID From To Interval Au Cu
(m) (m) (m) (g/t) (%)
TRSD004 618.0 1,864.0 1,246.0 0.41 0.18
including 838.0 996.0 158.0 1.22 0.29
TRSD008 498.0 574.0 76.0 1.58 0.34
TRSD009 630.0 940.0 310.0 0.83 0.20
including 758.0 904.0 146.0 1.33 0.18
TRSD013 18.0 1,264.0 1,246.0 0.94 0.27
including 53.0 253.0 200.0 1.45 0.30
and 744.0 950.0 206.0 1.55 0.35
TRSD014 158.0 878.0 720.0 0.40 0.16
TRSD016 504.0 944.0 440.0 0.63 0.17
TRSD017 230.0 774.0 544.0 0.72 0.21
including 362.0 494.0 132.0 1.88 0.34
TRUD001 681.0 1,365.0 684.0 0.50 0.20
including 1,083.0 1,193.0 110.0 1.00 0.33
TRUD002 973.0 1,249.0 276.0 0.40 0.19
TRUD003 681.0 1,459.0 778.0 0.66 0.18
including 781.0 1,195.0 414.0 1.01 0.21
TRUD004 892.8 1,308.8 416.0 0.58 0.14
TRUD005 745.0 1,135.0 390.0 0.55 0.15
TRUD006 790.1 1,948.1 1,158.0 0.44 0.21
TRUD007 695.1 1,345.1 650.0 0.70 0.19
including 791.1 1,147.1 356.0 1.00 0.19
TRSD001-003,
TRSD001-005,
TRSD001-010,
TRSD001-011,
TRSD001-012
and
TRSD001-15 No intercepts above reporting threshold
Efemcukuru, Turkey
The attached tables include all resource delineation and exploration drill holes completed at Efemcukuru in the 2017 program for which full assay results have been reported and verified. Intercepts reported are limited to those with: (1) gold grade (grams per tonne) multiplied by thickness (metres) greater than 10.0; and (2) average grade greater than three grams per tonne. No grade capping is applied to individual assays.
MIDDLE AND SOUTH ORE SHOOTS RESOURCE CONVERSION DRILLING
Hole ID From To Interval True Au Ag Pb Zn
(m) (m) (m) thickness (g/t) (g/t) (%) (%)
(m)
EF-2519 200.2 203.2 3 2.94 4.34 7.9 0.42 0.96
and 224.6 227.15 2.55 2.51 19.6 13.69 0.77 0.99
EF-2552 214.8 218.95 4.15 4.14 6.64 20.87 1.86 2.16
EF-2614 233.7 242.3 8.6 8.31 8.19 7.83 0.03 0.09
EF-2669 216.35 224.05 7.7 7.41 4.92 62.6 7.42 3.68
EF-2703 211.4 224.05 12.65 12.65 8.77 8.43 0.51 1.67
EF-2588,
EF-2641,
EF-2665,
EF-2694,
EF-2698,
EF-2700,
EF-2680,
EF-2707,
EF-2709,
EF-2715,
EF-2717,
EFD-037,
EFD-040 and
EFD-041 No intercepts above reporting threshold
KESTANE BELENI NORTHWEST RESOURCE CONVERSION DRILLING
Hole ID From To Interval True Au Ag Pb Zn
(m) (m) (m) thickness (g/t) (g/t) (%) (%)
(m)
EFD-002 45.8 53.75 7.95 6.43 9.78 23.24 0.35 0.52
EFD-003 28.4 31.2 2.8 2.8 8.27 20.2 0.28 0.26
EFD-005 27.5 30.7 3.2 2.99 4.49 5 0.06 0.12
and 34.1 45.8 11.7 10.89 6.56 22.63 0.21 0.17
EFD-007 80 82.25 2.25 2.23 7.02 14.78 0.21 0.42
EFD-008 77.9 82.05 4.15 4.09 4 6.02 0.06 0.1
EFD-011 97.75 100.75 3 2.72 5.65 14.25 0.33 0.45
EFD-013 86 87.85 1.85 1.74 12.17 18.66 0.3 0.03
EFD-016 96.5 99.15 2.65 2.25 5.37 20.58 0.9 0.03
EFD-017 133 134.95 1.95 1.69 9.41 13.31 0.43 0.71
EFD-018 116.45 117.75 1.3 1.27 92.7 126 3.88 4.5
EFD-019 135.6 140.9 5.3 4.75 5.67 7.14 0.3 0.63
EFD-024 134.6 139.05 4.45 4.32 20.27 13.15 0.35 0.56
EFD-029 184.1 187 2.9 2.82 11.11 53.31 1.91 0.89
and 202.5 203.4 0.9 0.88 16.9 19 0.28 0.47
EFD-030 162.4 163.85 1.45 1.41 20.8 27 1.68 1.39
EFD-033 245.45 246.9 1.45 1.4 173.5 92 0.72 1.88
EFD-001,
EFD-004,
EFD-006,
EFD-009,
EFD-010,
EFD-012,
EFD-014,
EFD-015,
EFD-020,
EFD-021,
EFD-022,
EFD-023,
EFD-025,
EFD-026,
EFD-027,
EFD-028,
EFD-031,
EFD-032
and
EFD-034 No intercepts above reporting threshold
KOKARPINAR EXPLORATION DRILLING
Hole ID From To Interval True Au Ag Pb Zn
(m) (m) (m) thickness (g/t) (g/t) (%) (%)
(m)
KV-618 125.8 131.0 5.2 2.2 6.50 21.65 2.34 1.54
KV-619 97.5 102.2 4.7 2.1 5.01 89.55 3.93 2.75
KV-620 156.4 159.25 2.85 1.2 29.02 43.86 2.87 5.51
KV-617,
KV-621
to KV 628 No intercepts above reporting threshold
Stratoni, Greece
The attached table lists all resource conversion and resource expansion drill holes completed at the Stratoni mine in the 2017 calendar year, for which full assay results have been reported and verified. Intercepts reported are limited to those with per cent zinc equivalent (defined as per cent zinc plus per cent lead multiplied by 1.2 plus parts per million silver multiplied by 0.0165) multiplied by estimated true thickness (metres) values of greater than 25.0. Gold is not recovered from the current processing circuit. No grade capping is applied to individual assays.
STRATONI UNDERGROUND DRILLING
Hole ID From To Interval True thickness Au Ag Pb Zn
(m) (m) (m) (m) (g/t) (g/t) (%) (%)
Resource conversion drilling
MP0773 125.7 140.5 12.7 11.9 4.14 233 8.24 10.83
MP0775 128.4 136.4 8.0 7.7 4.03 135 10.68 11.43
MP0776 117.0 125.6 8.6 8.6 3.74 97 3.17 4.09
and 129.0 136.9 7.9 7.9 2.05 378 16.68 12.03
MP0780 141.6 148.0 6.2 5.3 4.49 624 9.51 12.40
MP0785a 121.0 139.5 18.5 15.3 5.78 271 9.6 7.5
Resource expansion drilling
MP0777 121.70 136.0 15.2 14.7 7.70 233 10.09 11.71
MP0779 145.4 180.0 34.6 28.9 2.77 76 3.0 9.7
MP0786 110.3 135.2 24.9 23.0 5.89 276 8.8 6.0
MP0793 121.5 134.4 12.9 11.2 6.5 201 8.3 11.9
MP0794 131.7 170.4 37.9 35.2 2.39 96 3.9 5.3
MP0795 158.7 166.7 8.0 7.4 4.12 138 5.6 18.3
MP0798 164.0 175.9 11.9 10.4 4.9 86 3.0 6.2
MP0778,
MP0787
to 0790,
MP0800 No intercepts above reporting threshold
Karavansalija mineralized centre (KMC), Serbia
The attached table lists all exploration drill holes completed at the KMC project in Q4 2016 and in 2017, for which full assay results have been reported and verified. Intercepts reported are limited to those with: (1) gold grade (grams per tonne) multiplied by thickness (metres) greater than 50.0 for Shanac and 15.0 for Gradina and Copper Canyon; and (2) average grade greater than 0.4 gram per tonne for Shanac and 1.0 gram per tonne for Gradina and Copper Canyon. No grade capping is deemed necessary. Due to the irregular nature of the mineralized zones, only drill hole thicknesses are presented.
KARAVANSALIJA MINERALIZED CENTRE
Hole ID From To Interval Au Cu
(m) (m) (m) (g/t) (%)
Shanac zone
EOKSC1684 360 435.9 75.9 2.02 -
and 603.8 675.8 72 1.11 0.25
EOKSC1686 175.8 361.9 186.1 1.32 0.11
EOKSC1687 305.2 352.3 47.1 1.08 0.17
EOKSC1688 338.8 474 135.2 0.98 0.19
EOKSC1690 99 233 134 0.99 -
and 293.8 421.6 127.8 1.04 0.23
EOKSC1691 276 363 87 0.98 -
EOKSC1692 322.4 394 71.6 1.22 0.3
EOKSC1693 243 446 203 0.99 -
EOKSC1696 159.5 256.3 96.8 0.75 -
and 294.6 434.5 139.9 0.91 -
EOKSC1799 255 393 138 0.59 0.1
EOKSC17102 392 460 68 0.9 -
EOKSC1694,
EOKSC1695,
EOKSC17100,
EOKSC17103,
EOKSC17104,
EOKSC17105,
EOKSC17107,
EOKSC17109
and
EOKSC17110 No intercepts above reporting threshold
Gradina zone
EOKSC17106a 809 813.4 4.4 3.58 -
EOKSC1797a 1,118.4 1126 7.6 2.44 -
EOKSC1683 No intercepts above reporting threshold
Copper
Canyon zone
EOKSC1685 143 159.3 16.3 1.54 0.39
and 529 571 42 2.38 -
and 738.5 763.8 25.3 2.65 -
EOKSC1689 145.7 155.5 9.8 2.35 0.22
and 213.9 217 3.1 4.42 0.16
and 508 509.1 1.1 21 -
EOKSC17101 78 148 70 0.92 0.55
EOKSC1798a and
EOKSC1798b No intercepts above reporting threshold
We seek Safe Harbor.
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