Drill Tracker Weekly highlights drilling results in context with our database of over 10,000 drilling and trenching results. The purpose of this report is to highlight drilling and trenching results that stand out from the pack and compare them to their peer group. This report does not constitute initiation of coverage or a recommendation. Wayne Hewgill, P. Geo Research Analyst Project Company Symbol Region Drilling and/or Trenching Highlights Hot Maden Mariana Resources AIM:MARL Turkey 82.0 metres @ 20.4 g/t Au, 1.94% Cu Beatons Creek Novo Resources C:NVO Australia 12.0 metres @ 8.12 g/t Au Ayawilica Tinka Resources YSK.V.TK Peru 77.1 metres @ 4.0% Zn The following metal prices were used in the Drill Tracker datasheet. Gold $ 1,250 Platinum $ 1,250 Zinc $ 1.00 Nickel $ 7.00 Silver $ 20.00 Palladium $ 800 Lead $ 0.90 Cobalt $ 14.00 Molybdenum $ 10.00 Rhodium $ 1,200 Copper $ 3.00 Uranium $ 40.00 1
MARIANA RESOURCES LTD. (AIM.MARL) Price: 2.075 p Market Cap: 9.1 million Project: Hot Maden Country: Turkey Cash Estimate: $1.1 million Ownership: 100% - Lidya may earn 70% N/A All assays received for 2014 drilling Source: Big Charts MARIANA DRILLS SECOND HIGH-GRADE HOLE AT HOT MADEN IN EASTERN TURKEY Discovery Hole (February 2015): 103 metres @ 9.0 g/t Au and 2.2% Cu including; 33.4 metres @ 18.3 g/t Au, 3.3% Cu Current drilling: 82 metres @ 20.4 g/t Au, 1.9% Cu including; 13 metres @ 88 g/t Au, 2.5% Cu 31.5 metres @ 1.8% Zn The Mariana / Lydia joint venture intersected a second bonanza grade intersection on its Hot Maden prospect in the Eastern Pontides belt in eastern Turkey. Turkish based Lidya Madencilik Sanayi ve Ticaret A.S. may earn 70% in the project by making $500k in cash payments and conduction $2.5 million in expenditures by June 2018. The second hole located 100 metres to the south east of the discovery hole intersected 82.0 metres grading 20.4 g/t Au and 1.9% Cu starting at a depth of 147 metres including a high-grade zone of 13 metres of 88 g/t Au and 2.50% Cu (uncut). High-grade intervals within the 13 metres interval range from 15.5 g/t Au to 444.69 g/t Au. HTD-06 drilled 100 metres north, appears to have drilled the wrong direction to intersect the steeply dipping mineralized structure. The mineralization is hosted within a brecciated and silicified andesite with massive sulphides. Based on the interpretive cross section provided on the company web site, the sub-vertical mineralized zone has an estimated true thickness of approximately 50-80 metres. The zone remains open to depth as well as along strike to the north and south. As well as the high-grade copper-gold, additional stratabound zinc zones occur in the sedimentary rocks hosting the sub vertical gold mineralization starting at a depth of 33 metres including a 31.5 metre interval grading 1.75% Zn and 0.56% Pb. It appears the copper gold mineralization may be intruding into a zinc mineralized sedimentary package. 2
NOVO RESOURCES CORP. (C.NVO) Price: $1.23 Market Cap: $76 million Project: Beatons Creek Country: Australia Cash Estimate: $11.0 million Ownership: Option to earn 70% 8.9 million tonnes @ 1.47 g/t Au Additional drilling NOVO DRILLS WITWATERSRAND TYPE PROSPECT IN WESTERN AUSTRALIA Source: Stockwatch Early Discovery Holes: 2 metres @ 10.8 g/t Au (Metana:1983) 7 metres @ 2.88 g/t Au (Wedgetail:2007) Current Holes: 2 metres @ 8.12 g/t Au 1 metre @ 11.32 g/t Au 3 metres @ 2.79 g/t Au Novo Resources announced additional holes from its Beatons Creek project in the Western Australia. The Company may earn a 70% interest in the project from Millennium Minerals (ASX:MOY) by issuing shares with a value of AUD 500,000 and incurring expenditures of AUD 1.0 million (completed). They are also required to complete a bankable feasibility study by August 2, 2016. The Company is 28% owned by an affiliate of Newmont Mining Corporation (NYSE.NEM). The Beatons Creek prospect is a laterally continuous, near surface, Witwatersrand type gold prospect. The gold-bearing conglomerate mineralization was first confirmed with drilling in 1983 by Australian based Metana and later Wedgetail Mining in 2007 and has now been outlined over an area of approximately four square kilometres with less than 20% of the area intensely drill tested. Highlights from the current drilling include; 2 metres of 8.12 g/t Au and 1.0 metres grading 11.32 g/t Au. In May 2013, the Company announced an initial resource estimate outlining 8.9 million tonnes averaging 1.47 g/t Au using a 0.5 g/t Au cut-off. The shallow drilling resulted in an exploration discovery cost of $6 per ounce gold. While the Beatons Creek grades are significantly lower than those from the Witwatersrand, preliminary metallurgical work indicates that the gold may be liberated by low cost gravity separation due to the almost complete oxidation of the near surface material. 3
TINKA RESOURCES LTD. (TSX.V.TK) Price: $0.305 Market Cap: $34.5 million Project: Ayawilca Country: Peru Cash Estimate: $5.8 million Ownership: 100% Colquipucro Ag Oxide Deposit: 7.1 Mt @ 118 g/t Ag Initial resource at Ayawilca and updated resource at Colquipucro by March 2015 TINKA DRILLS LONG INTERVALS OF SEMI MASSIVE ZINC MINERALIZATION Source: Big Charts Early Discovery Holes: 4.0 metres @ 6.75% Zn, 17 g/t Ag (Oct 2011) 213 metres @ 5.3%Zn, 15 g/t Ag (2013) Current Holes: 77.1 metres @ 4.0% Zn 43.80 metres @ 5.38% Zn, 13 g/t Ag, 76 g/t In 46.50 metres @ 3.97% Zn, 30 g/t Ag, 88 g/t In 10.5 metres @ 0.26% Sn, 0.17% Cu, 0.50% Zn Tinka Resources continues to announce long intervals of semi-massive zinc/silver/indium mineralization on the Ayawilca zone on its 100% owned Colquipucro project. The Ayawilca-Colquipucro project is located within a 150 kilometre long zinc belt in west-central Peru hosting a number of significant zinc deposits including Antamina, Cerro de Pasco and Colquijirca. Highlights from the current drilling include 77.1 metres grading 4.0% Zn including an 8.8 metres interval of 13.5% Zn starting at a depth of 270 metres. An additional interval with elevated Indium values returned 43.8 metres at 5.4% Zn and 76 g/t Indium. (Indium prices are currently approximately $17 per ounce or equal to silver) The 2011 Ayawilca discovery was blind gravity geophysical target covered by 150 metres of barren sandstone with minor leakage zones. The semi massive mineralization occurs as gently dipping replacement zones within a sedimentary breccia, siltstone, shale and limestone horizon. True widths are believed Company be at least 75% of the reported core length. Tin (Sn) and copper mineralization have been intersected in a massive pyrrotite unit at the contact below the formation hosting the zinc horizons with intervals up to 30.8 metres grading 0.54% Sn, 0.17% Cu and 19 g/t Ag from a depth of 326 metres. (Tin prices are approximately 3 times the value of Cu). Two kilometres to the north, the Company continues to explore the Colquipucro silver oxide deposit which hosts an inferred resource estimate of 7.1 million tonnes grading 118.3 g/t Ag using a 30 g/t Ag cut-off. Preliminary metallurgical work from 2012 returned between 55-84% Ag recoveries after 3 days of leaching. 4
Disclosure I, Wayne Hewgill certify that the information in this report is sourced through public documents that are believed to be reliable but accuracy and completeness as represented in this report cannot be guaranteed. The author has not received payment from any of the companies covered in this report. At the date of this release the author, Wayne Hewgill, owns no shares in the companies in this report. This report makes not recommendations to buy sell or hold. 5