Page 187 - NEWGEN21-Proceedings-Full

The Cayley Lode Discovery – Exploration History

Early Exploration

● 2008-2013 BCD Resources (formerly Beaconsfield Gold

NL) – initially by way of earn-in, then acquisition

● Drilled 158 vertical aircore holes to define the shallow chalcocite
blanket – some with gold and silver assays, about 1/3 without – why?

● Employing an Avebury, Tasmania nickel sulphide model

● Drilled 32 RC drill holes

● Drilled 9 diamond drill holes

● Best result – SNDD001 (Stavely Nickel Diamond Drill 001)

● 7.7m at 4.1% copper, 1.1g/t gold and 77g/t silver from 95m, and

● 9.5m at 2.93% copper, 0.45g/t gold and 42g/t silver from ~150m

● And other smaller intercepts

● Beaconsfield Gold NL had come out of administration as BCD
Resources after the mine disaster and needed cash to fund

development of a refractory gold project in Queensland

8