Drilling at Balagundi Returns Gold Anomalism & Supports Target

KEY POINTS

• First-pass air core drilling at Balagundi JV has revealed gold anomalism, providing focus in the central target area
• Best results were from 22BGAC045 which returned 9m @ 0.81g/t Au from 0m, 24m @ 0.48g/t Au from 13m, including:
  • 4m @ 1.19g/t Au from 2m
  • o4m @ 2.03g/t Au from 13m
• Results are up-dip from previously reported RC intercept in 21BGRC004 which returned 34m @ 0.54g/t Au from 96m, including, 1m @ 5.4g/t Au from 96m, 2m @ 3.6g/t Au from 114m in a zone of 16m @ 0.8g/t Au from 114m
• The air core program also intersected elevated multi-element pathfinder elements (arsenic and tungsten) over the central corridor

The program aimed to test several previously untested or ineffectively drilled areas on the project identified from the surface gravity survey and multielement geochemistry bottom of hole resampling. Results from 22BGAC045 are up dip from the previously reported RC intercept in 21BGRC004.¹

“The results in the central corridor, where the AI target was identified, supports deeper targets predicted from the modelling. Conventional target testing using gravity, geochemistry, drilling, and geological mapping has been augmented with machine learning including the application of SensOre’s new SimClust workflow.” commented CEO Richard Taylor.

SensOre has developed proprietary AI-enhanced technology designed to advance the way companies integrate, interrogate and analyse geoscience data and increase the potential for mineral discovery. The Balagundi JV is one of the company’s gold exploration projects in the Yilgarn Craton.

SensOre applied its machine learning workflow for lithology classification resulting in a better understanding of the geology of the Balagundi goldfield, using advanced pathfinder analysis and other machine learning tools to build a comprehensive targeting dataset which will be applied in the next and important phase of deeper drilling to test the predicted mineral system.

The Balagundi JV project is located in the gold-rich Norseman-Wiluna belt of the Yilgarn Block in WA, east of Kalgoorlie and the 73Moz KCGM Super Pit and 20km southeast of the 7.8Moz Kanowna Belle mine, both owned and operated by Northern Star Resources (Figure 1).²

SensOre and its subsidiary Yilgarn Exploration Ventures Pty Ltd (SensOre 60% and Gold Road Resources Ltd 40%) (YEV) have interests in several projects in the Kalgoorlie region, including the Maynards Dam farm-in project, the Balagundi and Central Balagundi farm-in projects and Providence Bore.

The Balagundi project tenements contain generally north-south striking, steeply dipping porphyritic basalts and folded dolerite intrusions (sills) with sediments and known felsic intrusives. The prospective folded basalt, dolerite and sediment sequence extends over +8km in strike. The western half of the project area is dominantly overlain by recent alluvial and colluvial sediments while the eastern section has residual laterite, saprock and bedrock exposures.

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