Directors’ Report Auld Creek (Golden Point permit) (continued) The cross-section shown in Figure 14 shows that the Fraternal mineralisation dips steeply to the west and the Bonanza mineralisation steeply to the east and they are projected to intersect above RDD091. The BonanzaWest mineralisation is interpreted to be a parallel and structure 30m below Bonanza. The N-S long section indicates that the Fraternal Shoot is moderately south plunging, and it was drill tested for approximately 100m (Figure 15). This shoot orientation is similar to the Globe Progress shoots 1km to the south. The height of the shoot is unknown at this stage, with trench FTTR005 excavated at the point interpreted to be near the Fraternal Shoot intersecting 8.8m@ 3.2g/t AuEq. Arsenic soil geochemistry shown on Figure 13 suggests the shoot may extend for another 50m to the south. The bottom of the shoot appears to be reasonably constrained by trenching and drilling. The Fraternal North Shoot is interpreted to have a similar orientation to Fraternal but it has not been drill tested. The mineralisation between the two shoots is thin (~1m) but still strongly mineralised i.e 0.6m@ 19.6g/t AuEq in RDD001 and 1.4m@ 8.1g/t AuEq in RDD088. There is only limited surface data on the Bonanza Shoot, so the plunge is not known at this stage. Figure 14. Auld Creek E-W schematic cross section. for the year ended 31 December 2022 Annual Report 2022 23
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