Omagh Gold Project PEA and detailed feasibility study technical report

Briefing

17.16.1 MINING PHYSICALS The LOM physicals (Table 49) generated by applying the mining parameters outlined in this document show:  946,381 tonnes of ore mined and processed at a head grade of 5.43 g/t Au.  148,729 ounces Gold recovered  23.3 km of mine development 132 Production Profile By Year 1 2 3 4 5 6 TOTAL Lateral Development (m) 3,379 4,312 4,601 2,837 1,675 601 17,405 Floor Stripping / Flatbacking (m) 788 Key points: 17.16.1 MINING PHYSICALS The LOM physicals (Table 49) generated by applying the mining parameters outlined in this document show:  946,381 tonnes of ore mined and processed at a head grade of 5.43 g/t Au.  148,729 ounc; Gold (Au) Cash Cost Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Average Cost (£/oz) £657 £414 £365 £362 £339 £445 £394 USD $1.68 / UK£ / oz $1,105 $695 $613 $608 $569 $748 $662 TABLE 54(i): CASH COST OF PRODUCTION (includi; 135 Under CIM / Canadian National Instrument 43-101 definitions the results of the detailed mining study excluding inferred resources are expected to meet the criteria for definition as a Feasibility Study; For comparison purposes, the capital requirements, operating costs and revenue are reduced if only Measured and Indicated Resources are considered (ie associated inferred are excluded from the mining program), in a secon; In compliance with NI 43-101 2.3.3(a) “ the preliminary economic assessment is preliminary in nature, that it includes inferred mineral resources that are considered too speculative geologically to have economic consider; Y1 Y2 Y3 Y4 Y5 Y6 Mining Personnel 31 64 64 66 67 53 Processing Personnel 14 22 22 22 22 18 Geology & Exploration Personnel 5 7 7 7 7 3 Administration Personnel 5 7 7 7 7 6 Total Personnel 55 100 100 102 103 80 TABLE 42. This brief is based on the cited source artifact and is intended as a research entry point, not a replacement for the original source or EGM canonical data tables.

Source Notes

17.16.1 MINING PHYSICALS The LOM physicals (Table 49) generated by applying the mining parameters outlined in this document show:  946,381 tonnes...

Extractive summary evidence · source

Gold (Au) Cash Cost Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Average Cost (£/oz) £657 £414 £365...

Extractive summary evidence 2 · source

135 Under CIM / Canadian National Instrument 43-101 definitions the results of the detailed mining study excluding inferred resources are expected to...

Extractive summary evidence 3 · source

For comparison purposes, the capital requirements, operating costs and revenue are reduced if only Measured and Indicated Resources are considered (ie associated...

Extractive summary evidence 4 · source

Extracted Document Text

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# Omagh Gold Project PEA and detailed feasibility study technical report

Source: https://galantas.com/site/assets/files/8081/july-final-gal-43-101-perc-2014v9.pdf
Published: 2014-07-26T00:00:00+00:00
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## Content

# Omagh Gold Project PEA and detailed feasibility study technical report
Source: https://galantas.com/site/assets/files/8081/july-final-gal-43-101-perc-2014v9.pdf
Published: 2014-07-26
1
RESOURCE ESTIMATE, PRELIMINARY ECONOMIC
ASSESSMENT & DETAILED FEASIBILITY STUDY
ON THE
OMAGH GOLD PROJECT
COUNTY TYRONE,
NORTHERN IRELAND
26th July 2014
R.Phelps C.Eng., B.Sc(Hons), MIOM3
Dr. S. Coulter B.Sc(Hons), M.Sc, PhD, FGS
M. Mawson B.Sc(Hons), FGS.,
G. Harris B.Eng(Hons), ACSM, GradIMMM
2
NI.43-101 Report, 2014 Revision
Contents
1. SUMMARY ..................................................................................................................................... 6
1.1 SUMMARY DESCRIPTION……………………………………………………………………………………………….……..….6
1.2 MINERAL RESOURCE ESTIMATE ……………………………………………………………………………………….……...9
1.3 MINING STUDY RESOURCE UTILISATION ………………………………………………………….………………..….11
1.4 MINE PLAN………………………………………..……………………………………………………………………………….….11
1.5 ECONOMIC SUMMARY………………………………………………………………………………………..…………………13
2. INTRODUCTION ........................................................................................................................... 14
3. RELIANCE ON THIRD PARTIES ...................................................................................................... 15
4. PROPERTY DESCRIPTION AND LOCATION ................................................................................... 15
4.1 MINERAL LEGISLATION AND LICENSING .................................................................................. 15
4.2 LOCATION ................................................................................................................................. 16
4.3 OMAGH MINERALS LTD LICENCES ........................................................................................... 16
4.4 PERMITS ................................................................................................................................... 19
5. ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY ............ 19
6. HISTORY ...................................................................................................................................... 20
6.1. PROJECT HISTORY ..................................................................................................................... 21
6.2 HISTORICAL ESTIMATES OF MINERAL RESOURCES AND RESERVES. ........................................ 22
6.2.1 INTRODUCTION ................................................................................................................ 22
6.2.2 1995 RESOURCE/RESERVE ESTIMATE .............................................................................. 23
6.2.3 CONFORMITY OF 1995 RESOURCES TO CIM CLASSIFICATION ......................................... 24
6.2.4 2004 RESOURCE AND RESERVE STUDY ............................................................................ 24
6.2.5 BULK MINING TRIALS, 2003.............................................................................................. 25
6.2.6 2008 RESOURCE ESTIMATE .............................................................................................. 26
6.3 OPEN PIT MINING, 2006-2012 ................................................................................................. 27
7 GEOLOGICAL SETTING AND MINERALISATION ............................................................................ 27
7.1 REGIONAL GEOLOGY AND GOLD DEPOSITS ............................................................................. 28
7.2 LOCAL GEOLOGY....................................................................................................................... 29
7.3 MINERALISATION ..................................................................................................................... 32
8 DEPOSIT TYPES ............................................................................................................................ 34
9. REGIONAL AND CROSS BORDER EXPLORATION .......................................................................... 34
10. HISTORICAL EXPLORATION WITHIN THE MINE SITE.................................................................... 39
10.1 CHANNEL SAMPLING, 2012 ...................................................................................................... 40
10.1.1 KEARNEY VEIN .................................................................................................................. 40
10.1.2 JOSHUA VEIN .................................................................................................................... 40
10.1.3 KERR VEIN ......................................................................................................................... 40
10.2 EXPLORATION POTENTIAL AND PRIORITISED PROJECT TARGETS IN OM1-09 ......................... 41
11 DRILLING ...................................................................................................................................... 45
11.1 OVERVIEW ................................................................................................................................ 45
11.2 DRILLING METHODOLOGY ....................................................................................................... 48
11.3 CORE RECOVERY ....................................................................................................................... 49
11.4 DRILLING RESULTS 2011-2014.................................................................................................. 53
11.4.1 JOSHUA DRILLING ............................................................................................................. 55
11.4.2 KEARNEY DRILLING ........................................................................................................... 56
11.4.3 KERR DRILLING ................................................................................................................. 57
12 SAMPLE PREPARATION, ANALYSES AND SECURITY..................................................................... 57
3
12.1 QUALITY ASSURANCE AND QUALITY CONTROL ....................................................................... 60
12.1.1 OMAC INTERNAL LABORATORY QA/QC ........................................................................... 60
12.2 GALANTAS QA/QC .................................................................................................................... 63
12.2.1 GALANTAS STANDARD SAMPLES, 2012-2014 .................................................................. 63
12.2.1.1 GALANTAS STANDARD SAMPLES, 2013-2014 .............................................................. 65
12.2.2 PULP RE ASSAY SAMPLES ................................................................................................. 66
12.2.3 BLANK SAMPLES ............................................................................................................... 67
12.3 QA/QC CONCLUSIONS .............................................................................................................. 68
13 DATA VERIFICATION .................................................................................................................... 68
14 MINERAL PROCESSING AND METALLURGICAL TESTING ............................................................. 69
15 MINERAL RESOURCE ESTIMATES ................................................................................................ 69
15.1 RESOURCE ESTIMATION OVERVIEW ........................................................................................ 69
15.2 SOFTWARE................................................................................................................................ 69
15.3 DATABASE COMPILATION ........................................................................................................ 69
15.4 DATABASE VALIDATION ........................................................................................................... 71
15.5 COLLAR LOCATIONS.................................................................................................................. 72
15.6.1 INTERPRETATION OF MINERALISED ZONES ..................................................................... 73
15.7 WIREFRAMING ......................................................................................................................... 75
15.7.1 SAMPLE DATA SELECTION, TOP-CUTTING AND COMPOSITING ....................................... 78
15.7.2 GLOBAL REFERENCE ESTIMATE ........................................................................................ 81
15.7.3 GEOSTATISTICS ................................................................................................................. 81
15.8 BLOCK MODELLING .................................................................................................................. 82
15.9 GRADE INTERPOLATION ........................................................................................................... 83
15.10 RESOURCE CLASSIFICATION ................................................................................................. 88
15.11 DENSITY ................................................................................................................................ 91
15.12 RESOURCE TABLE ................................................................................................................. 92
15.13 MODEL VALIDATIONS ........................................................................................................... 93
15.14 COMPARISON WITH PREVIOUS RESOURCE ESTIMATES ...................................................... 97
16 MINERAL RESERVE ESTIMATES.................................................................................................... 98
17 MINING STUDY ........................................................................................................................... 98
17.1 MINING OVERVIEW .................................................................................................................. 98
17.2 SITE LAYOUT ............................................................................................................................. 99
17.3 MINING PARAMETERS .............................................................................................................. 99
17.4 ADIT INSTALLATION................................................................................................................ 100
17.4.1 KEARNEY PIT REHABILITATION ....................................................................................... 100
17.4.2 MINE ADIT ...................................................................................................................... 101
17.5 GEOTECHNICAL PARAMETERS ............................................................................................... 102
17.5.1 ROCK MASS CHARACTERISATION ................................................................................... 103
17.5.2 Q - QUALITY RATING....................................................................................................... 103
17.5.3 RMR AND MRMR – ROCK MASS RATING SYSTEM.......................................................... 104
17.5.4 MINE DESIGN PARAMETERS ........................................................................................... 105
17.5.5 MODIFIED STABILITY GRAPH ASSESSMENT.................................................................... 105
17.5.6 MODIFIED ROCK TUNNELLING QUALITY Q’ VALUE ........................................................ 105
17.5.7

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