The Hong Kong zone is one of five zones within the MRE zone and hosts a majority of the current MRE ounces — a near-vertical ore body with a strike length of 1.1km and widths averaging 50–60m.
Drilling shows increasing width and grade at depth, indicating a robust, scalable system:
Hong Kong remains open down plunge and at depth along strike
Post IPO diamond drilling will seek to further expand the MRE and infill the inferred resource area in preparation for a MRE update for inclusion in the Feasibility Study.
| COG | Indicated | Inferred | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Tonnes (Mt) |
Au g/t | Oz Au | Tonnes (Mt) |
Au g/t | Oz Au | Tonnes (Mt) |
Au g/t | Oz Au | |
| 0.3 | 19.4 | 0.8 | 508,000 | 19.2 | 0.8 | 484,000 | 38.6 | 0.85 | 992,000 |
| 0.5 | 13.0 | 1.0 | 431,000 | 12.6 | 1.0 | 397,000 | 25.6 | 1.0 | 821,000 |
The information in this presentation that relates to the estimation and reporting of Mineral Resources is based on information compiled by Mr. Brian Fitzpatrick of Cube Consulting. Mr. Fitzpatrick is a member of the Australasian Institute of Mining and Metallurgy (MAusIMM CP) and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking, to qualify as a Competent Person (CP) as defined in the 2012 Edition of the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the PC Gold Ltd Mineral Resource Estimate, Spring Hill Gold Project, Northern Territory, Australia — JORC Code).
Mr. Fitzpatrick has worked as a professional geologist for more than 37 years. Relevant experience has been gained from working in the gold and base metal mining and exploration industry in various provinces throughout Australia and other countries. This includes exploration, open pit and underground mining experience in greenstone-hosted gold deposits, epithermal gold deposits, and Volcanogenic Massive Sulphide (VMS) polymetallic deposits.
Cube specialises in Mineral Resource estimation, evaluation, and exploration. Both Cube and Mr. Fitzpatrick are independent from PC Gold. The relationship is solely one of professional association between client and independent consultant. This report has been prepared in return for fees based upon agreed commercial rates, and the payment of these fees is in no way contingent on the results of this report.
Mr. Brian Fitzpatrick is a full-time employee of Cube and is the Competent Person (CP) responsible for the resource estimation and completion of JORC (2012) Table 1, Section 3. Mr. Fitzpatrick has not visited the Spring Hill Project or undertaken an independent verification of the data supplied pertaining to this project. However, he completed data validation and a compilation and review of all available documentation from the NT GEMIS website.
Responsibility for data compilation, data verification, and exploration results lies with PC Gold. Completion of JORC (2012) Table 1, Sections 1 and 2 was undertaken by Mr. Geoffrey Eupene of Eupene Exploration Pty Ltd and PC Gold staff. Mr. Eupene oversaw most of the drilling completed from 1992 to 1995 for Ross Mining and Billiton, and also led the geophysics and deep diamond drilling collaboration program in 2022–2023 (Eupene, 2023).