Press Release November 18th, 2014goodmining.com/wp/wp-content/uploads/2014/11/Press... · 312,636...

12
1 Press Release November 18th, 2014 GOOD Mining Exploration Inc. concludes the 2014 Season Exploration Fieldwork and Drill Programs on its CanRee and Golden Target Projects in Matheson, Ontario, Canada. Newmarket, Ontario, November 18 th , 2014 GOOD Mining Exploration Inc. has completed all 2014 field activities and drilling programs on its 100% wholly owned mining rights, in Bowman and McCann townships, Black River Matheson, Ontario, Canada. Work undertaken during the 2014 field season included exploratory diamond drilling, geological mapping, stripping and channelling. Drilling activities are now completed and the equipment has been demobilized from both sites. Core cutting on the final drill hole has concluded this week and the remainder of the samples are being shipped to the labs for processing. Complete assay analysis results on 7 of 28 drill holes from the CanRee project have now been received. Initial assay analysis reports for the first three drill holes on the CanRee were presented on the previous press release of October 31 st , 2014. *See the company website at: http://goodmining.com/wp/?page_id=801 Results of the further four drill holes are being presented in this press release. Assay results and additional resource estimates from of the 2014 Drill Programs will be reported in future releases going forward as they continue to arrive from the lab, with a conservative expected completion date for assay analysis of approximately January 31 st , 2015. As the assay analysis of the drill cores are proving on an ongoing basis, the CanRee Project hosts a modest ‘Indicated’ and ‘Inferredresource of Platinum Group Elements (PGE), particularly high in Palladium, and Rare Earth Elements (REE). There is also a range of highly prospective, mineralized structures within the Golden Target Project, which to date are highly indicative of Gold Mineralization (*Assay analysis pending for Golden Target drill cores).

Transcript of Press Release November 18th, 2014goodmining.com/wp/wp-content/uploads/2014/11/Press... · 312,636...

Page 1: Press Release November 18th, 2014goodmining.com/wp/wp-content/uploads/2014/11/Press... · 312,636 ounces Palladium (Pd) 9,899 ounces Gold (Au) 5,890 ounces Platinum (Pt) 4,451 ounces

1

Press Release – November 18th, 2014

GOOD Mining Exploration Inc. concludes the 2014 Season Exploration Fieldwork

and Drill Programs on its CanRee and Golden Target Projects in Matheson,

Ontario, Canada.

Newmarket, Ontario, November 18th, 2014 – GOOD Mining Exploration Inc. has completed

all 2014 field activities and drilling programs on its 100% wholly owned mining rights, in

Bowman and McCann townships, Black River Matheson, Ontario, Canada.

Work undertaken during the 2014 field season included exploratory diamond drilling, geological

mapping, stripping and channelling. Drilling activities are now completed and the equipment has

been demobilized from both sites. Core cutting on the final drill hole has concluded this week

and the remainder of the samples are being shipped to the labs for processing. Complete assay

analysis results on 7 of 28 drill holes from the CanRee project have now been received. Initial

assay analysis reports for the first three drill holes on the CanRee were presented on the

previous press release of October 31st, 2014.

*See the company website at: http://goodmining.com/wp/?page_id=801

Results of the further four drill holes are being presented in this press release. Assay results

and additional resource estimates from of the 2014 Drill Programs will be reported in future

releases going forward as they continue to arrive from the lab, with a conservative expected

completion date for assay analysis of approximately January 31st, 2015.

As the assay analysis of the drill cores are proving on an ongoing basis, the CanRee Project

hosts a modest ‘Indicated’ and ‘Inferred’ resource of Platinum Group Elements (PGE),

particularly high in Palladium, and Rare Earth Elements (REE). There is also a range of highly

prospective, mineralized structures within the Golden Target Project, which to date are highly

indicative of Gold Mineralization (*Assay analysis pending for Golden Target drill cores).

Page 2: Press Release November 18th, 2014goodmining.com/wp/wp-content/uploads/2014/11/Press... · 312,636 ounces Palladium (Pd) 9,899 ounces Gold (Au) 5,890 ounces Platinum (Pt) 4,451 ounces

2

Drilling

The 2014 season saw a total of 10,124 feet of drilling, equivalent to 3,086.71 meters completed

in a total of 28 NQ diameter drill holes, in an aggressive exploration campaign targeting

prospective areas across the properties. The program was divided into two phases. Firstly, 25

drill holes targeted the PGE/REE prospect within the CanRee project, and secondly, 3 initial

exploratory drill holes targeted the Gold potential within the Golden Target project. Drill hole

targets were spotted and designed based on geological mapping, rock outcrop chip sampling,

assay analysis results of same, as well as geophysics using detailed ‘VLF Surveys’ overlapped

onto an existing geophysical ‘IP Survey’ of the property.

HIGHLIGHTS:

As shown below, the exciting results of the assay analysis are proving to show that the primary

resource for the CanRee project is now becoming the Palladium (Pd). Results going forward are

proving to quantify this further. However, all of the analysis results must first be received by the

company from the labs to properly ascertain the primary resource as being Palladium.

*Note that the following results are based on only 7 of 25 drill holes within the CanRee Project.

Indicated and Inferred Resources:

Total ‘Indicated Resources’ for Precious Metals present, based on the data for the

seven drill holes received to date are as follows: (See table 1 for details)

312,636 ounces Palladium (Pd)

9,899 ounces Gold (Au)

5,890 ounces Platinum (Pt)

4,451 ounces Rhodium (Rh)

Total ‘Inferred Resources’ for Precious Metals present, based on the data for the

seven drill holes received to date are as follows: (See table 1 for details)

3,161,101 ounces Palladium (Pd)

100,088 ounces Gold (Au)

59,558 ounces Platinum (Pt)

45,001 ounces Rhodium (Rh)

The Palladium occurs consistently within the gabbro, altered mafic volcanics, breccia

zones as well as in the mafic intrusive host rocks. It occurs in every sample taken from

top to bottom of each and every drill core, at a consistent grade that is in most cases

above other global Palladium producers.

As expected, the Gold occurs in fracture fillings and stockworks hosted also in all the

other lithological units mentioned above, but not as consistent as the Palladium.

Page 3: Press Release November 18th, 2014goodmining.com/wp/wp-content/uploads/2014/11/Press... · 312,636 ounces Palladium (Pd) 9,899 ounces Gold (Au) 5,890 ounces Platinum (Pt) 4,451 ounces

3

Scandium, Yttrium and Cerium which are members of the Rare Earth Elements (REE)

that the company drill program was chasing, were also present. Higher grades of these

elements occur within the Gabbro host rock. *See table 1 for the average grades and

tonnage.

A summary of the core logs including the core intercepts and assay results are shown in

Tables 1 to 8.

Details of the Highlights:

Indicated and Inferred Resources are reported in this press release based on the assay results that have been presented from the labs to the company to date.

The definition of an Inferred Resource is one that demonstrates geological continuity. It is the least precise of the resource categories. The undersigned uses this category since the intercepts agree to each other geologically. We only extended inferred resources to a maximum of 100 meters out from the edges of the resource envelope and approximately 50 meters inside.

The Indicated Resource was calculated in order to determine further drill holes needed to upgrade the Inferred Resource going forward on an in-fill drill program. A radius was used for calculating the area of influence covered by the Indicated Resource and was set at 30% of the radius used in calculating the area of influence of the Inferred Resource for each drill hole.

The Indicated Resource calculated is subtracted from the Inferred Resource calculation.

Two surface rock chip samples and one drill core sample were delivered to the SGS

laboratory in Lakefield, Ontario, for thin section analysis in order to identify the main

lithological units being logged.

An in-house Core Logging and Sampling Protocol was created by the company Senior

Geologist, Mr. Dennis Patron; P.geo, in order to have a standard procedure to be

followed in core logging procedures by all of the Geologist staff.

Blanks and Standards for Gold and REE were inserted every 25 samples for QA/QC

compliance. The sample interval was set at 1.2 meters except on strongly mineralized

areas where sampling intervals were reduced to 1 meter.

The NQ drill cores were cut in half in an on-site mobile unit provided by Larsen

Exploration Services of South Porcupine, Ontario. One half was delivered to the

laboratory for analysis while the other half stored in core boxes, stacked and piled in a

fenced in, on-site secure storage area for future reference.

GOOD Mining Exploration Inc. has implemented a ‘Quality Control Program’ to comply

with best practices in the sampling and analysis of drill cores. Drill core samples were

transported in security sealed bags for sample preparation at Swastika Laboratory in

Swastika, Ontario.

Swastika Laboratory then securely delivered all of the prepared pulp packets to the

Department of Chemistry, Earth Sciences and Biology, accepted by the Director of the

Elliot Lake Research Field Station (ELRFS), at Laurentian University in Sudbury Ontario

for multi-element analysis, using their ISO: 17025 certified and accredited laboratory

acid digest method. Both Swastika Laboratory and ELRFS Laurentian University

Laboratory are ISO 9001:2000 certified laboratories.

Page 4: Press Release November 18th, 2014goodmining.com/wp/wp-content/uploads/2014/11/Press... · 312,636 ounces Palladium (Pd) 9,899 ounces Gold (Au) 5,890 ounces Platinum (Pt) 4,451 ounces

4

Table 1: Resource Estimate

Indicated Inferred

Drill hole # Radius Radius Drill Depth Vert. Depth Volume SG Tonnage Volume SG Tonnage

Name m m m m Cu M Tons/Cu M tons Cu M Tons/Cu M tons

CR-2014-01W 30 100 98.95 85.6907 121081 2.80 339,027 1,224,263 2.8 3,427,936

CR-2014-02W 30 100 99 85.734 121142 2.80 339,198 1,224,882 2.8 3,429,669

CR-2014-03E 30 100 102 88.332 124813 2.80 349,477 1,261,999 2.8 3,533,598

CR-2014-04W 30 100 88.2 76.3812 107927 2.80 302,195 1,091,258 2.8 3,055,523

CR-2014-05E 30 100 82.9 71.7914 101441 2.80 284,035 1,025,684 2.8 2,871,914

CR-2014-06E 24.75 82.5 70.3 60.8798 39033 2.80 109,292 394,667 2.8 1,105,068

CR-2014-07W 24.75 82.5 41 35.506 22765 2.80 63,741 230,176 2.8 644,492

CR-2014-09E 24.75 82.5 0 2.80 - -

Composit Tonnage: 1,786,965 18,068,200

Average Grade throughout the drill hole:

Drillhole # Palladium Platinum Rhodium Gold Scandium Yttrium Cerium

Name (g/ton) (g/ton) (g/ton) (g/ton) (g/ton) (g/ton) (g/ton)

CR-2014-01W 4.89 0.09 0.04 0.06 33.68 28.38 34.83

CR-2014-02W 4.34 0.07 0.07 0.26 21.47 11.91 36.95

CR-2014-03E 4.30 0.12 0.04 0.22 23.04 16.19 31.54

CR-2014-04W 5.68 0.11 0.09 0.19 23.57 14.03 31.58

CR-2014-05E 8.15 0.14 0.13 0.19 30.91 19.59 28.52

CR-2014-06E 5.98 0.11 0.12 0.09 27.76 18.46 26.18

CR-2014-07W 6.34 0.11 0.17 0.05 24.24 12.88 29.23

Average grade 5.67 0.10 0.09 0.15 26.38 17.35 31.26

Calculation of Metal Content: 'INDICATED RESOURCE'

Drill hole # Pd Pt Rh Au Sc Y Ce

Name Ounce Ounce Ounce Ounce Kg Kg Kg

CR-2014-01W 53,271 1,007 490 607 11,419 9,623 11,807

CR-2014-02W 47,385 712 726 2,814 7,282 4,039 12,534

CR-2014-03E 48,356 1,303 451 2,497 8,050 5,657 11,024

CR-2014-04W 55,173 1,027 852 1,847 7,122 4,239 9,544

CR-2014-05E 74,435 1,241 1,179 1,714 8,780 5,564 8,101

CR-2014-06E 21,021 382 407 321 3,034 2,017 2,861

CR-2014-07W 12,995 219 346 100 1,545 821 1,863 *Partial Estimate

CR-2014-09E

Total Indicated 312,636 5,890 4,451 9,899 47,233 31,960 57,734

322,977 ounces

9,899 ounces

136,927 Kgs.

Calculation of Metal Content: 'INFERRED RESOURCE'

Drill hole # Pd Pt Rh Au Sc Y Ce

Name Ounce Ounce Ounce Ounce Kg Kg Kg

CR-2014-01W 538,631 10,183 4,955 6,140 115,460 97,301 119,378

CR-2014-02W 479,119 7,198 7,336 28,450 73,629 40,835 126,732

CR-2014-03E 488,930 13,172 4,558 25,245 81,397 57,197 111,464

CR-2014-04W 557,863 10,388 8,619 18,673 72,015 42,859 96,504

CR-2014-05E 752,622 12,545 11,924 17,328 88,773 56,262 81,909

CR-2014-06E 212,543 3,859 4,115 3,246 30,680 20,398 28,928

CR-2014-07W 131,394 2,215 3,494 1,007 15,621 8,301 18,841 *Partial Estimate

Total Inferred 3,161,101 59,558 45,001 100,088 477,575 323,152 583,755

Indicated Resources Inferred Resources

Total PGE (Indicated Resource) :

Total Au (Indicated Resources) :

Total REE (Sc+Y+Ce) (Indicated)

Page 5: Press Release November 18th, 2014goodmining.com/wp/wp-content/uploads/2014/11/Press... · 312,636 ounces Palladium (Pd) 9,899 ounces Gold (Au) 5,890 ounces Platinum (Pt) 4,451 ounces

5

PARAMETERS:

1. An Inferred mineral resource is a deposit which has been sampled (usually by drilling) to a point at

which an estimate of its grade and tonnage is made at low confidence. Generally this is very approximate

and subject to uncertainties.

2. An Indicated mineral resource is a deposit in which tonnage, density; shape, physical characteristics,

grade and mineral content can be estimated with a reasonable level of confidence. However, the

continuity of the deposit is not verified.

3. Radius used for calculating the area of influence covered by the Indicated resource was set at 25% of

the radius used in calculating the area of influence of Inferred resource of each drill hole.

4. The radius used in calculating the area of influence of inferred resource is set at the midpoint of the

distance between drill holes.

5. Vertical Depth is calculated as drill depth multiplied by the sine of the drill inclination which is 60

degrees

6. Volume of influence is divided by the number of drill holes that occupy the area of influence.

7. Tonnage was calculated by multiplying the volume by the specific gravity which is set at 2.8 tons per

cubic meter.

8. Average grade was calculated by taking the summation of assay multiplied by the sample length and

divided by the total sample length.

9. Precious Metal content was calculated by multiplying the average grade by the total tonnage and

divided by 31.1 grams per troy ounce. The resulting values are in troy ounces.

10. REE (Sc, Y, and Ce) metal content was calculated by multiplying the average grade by the total

tonnage and divided by 1000 grams per kilogram. The resulting values are in Kgs.

11. Multi element analysis was performed by ELRFS Laurentian University using an acid digest method.

12. Sample Preparation was performed by Swastika laboratories.

13. All assay results and sample preparation were certified by both laboratories.

GEOLOGY:

CanRee Project:

This project occurs within the mining claim boundaries of claim numbers 4273175, 4273194, 4276170

and 4276169. The CanRee is generally overlain by mafic volcanics intruded by syenite dykes and gabbro.

The North South trending gabbro which is the main target for Rare Earth Elements is a single intrusive

body on the Southern portion of 4273175 but divides into two sections when it approaches the claim

boundary of 4273175. One gabbro intrusive occurs in the West and the other gabbro intrusive occurs in

the east of the North South claim boundary. The mafic volcanics and syenite packages are sandwiched

by the two North South trending gabbro intrusives from the East and West. The mafic volcanics appear

brecciated in-situ while the syenite appears as a breccia zone (syenite with mafic volcanics inclusions). It

Page 6: Press Release November 18th, 2014goodmining.com/wp/wp-content/uploads/2014/11/Press... · 312,636 ounces Palladium (Pd) 9,899 ounces Gold (Au) 5,890 ounces Platinum (Pt) 4,451 ounces

6

appears that the mineralization in this project area is structurally controlled. Further drilling and advanced

exploration would determine this in greater detail.

The dimensions of the potential mineralized area hosted in the gabbro, mafic volcanics and breccia zone

is 1400 meters North South by 200 meters East West. They are within the claim areas mentioned. Further

exploration would expand the potential area based on VLF geophysical survey from West to East to

locate conductive materials beneath the surface.

Golden Target Project:

This project occurs within the mining claim boundaries of claims 4277124, 4273033, 4273035, 4273034

and 4274040. Historical drilling results show a gold anomaly as high as 0.13 ounces per ton in a 1 foot

zone just east of the claim 4273033. Three exploratory drill holes were being drilled during the 2014 field

season.

For drill hole GT-2014-26N which was drilled to a depth of 756 feet, certain shear zones were observed in

the core, and passed through as well as two VLF geophysical targets that were pinpointed were also

intercepted. One shear zone showed a high conductivity value during the electrical probe test.

Drill hole GT-2014-27S is an exploratory drill hole which was planned to drill through and intercept two

Quartz veins, with gold anomalies as high as 379 ppb analysed from rock chip samples directly on the

surface of the rock outcrop. Two VLF geophysical anomalies were detected south of the Quartz veins

which were also targeted by this drill hole. Channel Sampling was also conducted on the surface outcrop

stripped by the excavator surrounding the surface area of drill hole GT-2014-27S.

Drill hole GT-2014-28N is within the mining claim boundary of claim 4277124, where historical

prospecting and trenching were conducted. From the VLF survey, a moderately strong conductor, a

weaker conductor and a resistive unit were found and these were the targets to drill through. A very

interesting zone of VMS section was intercepted from 34 meters up to 200 meters in depth. From the

surface prospecting carried out during the 2014 field season, a silicified mafic volcanic lithological unit

with a 1 meter width of chert beds were identified which are coincidentally located on the resistive rock

unit interpreted from the VLF survey. Historical trenching shows 10-15% banded disseminated pyrite in 4

inches pyrite with 6 inches quartz vein zones. We strongly anticipate that assay results should determine

a significant gold zone in these areas.

A total of 23 channel samples were collected from two zones of GT-2014-27S and GT-2014-26N,

accurately documented and delivered to the labs for analysis.

Key Points of Interest for these Projects:

Mining friendly jurisdiction of the historic Timmins gold camp of Matheson, Ontario, Canada.

Exploration and Aboriginal agreements in place.

Exciting PGE and Gold discoveries.

This project consists of large contiguous mining lands of 24 active mining claims covering

approximately 3000 hectares.

Mining rights 100% owned by GOOD Mining Exploration Inc.

Local infrastructure in place such as roads, highways, electricity, water, crusher mills and rail.

Open pit mining with little overburden on both the CanRee and Golden Target projects.

Expansion of claims base is ongoing to expand the PGE and Gold prospects.

Page 7: Press Release November 18th, 2014goodmining.com/wp/wp-content/uploads/2014/11/Press... · 312,636 ounces Palladium (Pd) 9,899 ounces Gold (Au) 5,890 ounces Platinum (Pt) 4,451 ounces

7

Figure 1 – Drill hole Locations within CanRee Project

Figure 2 – Drill hole Locations within the Golden Target Project

Page 8: Press Release November 18th, 2014goodmining.com/wp/wp-content/uploads/2014/11/Press... · 312,636 ounces Palladium (Pd) 9,899 ounces Gold (Au) 5,890 ounces Platinum (Pt) 4,451 ounces

8

SUMMARY LOG ASSAY SUMMARY Hole Number CR-2014-01W

From To Lithology

0.0 0.88 Overburden

0.88 26.94 Fine to Medium grained Gabbro

2.7- 2.86 : Mafic Syenite

3.85- 4.15 : Mafic Syenite

7.34- 7.95 : Mafic Syenite

21.23 : QCV

22.5 : QCV

22.6 : QCV

26.94 34.40 Mafic Intrusive

34.40 64.55 Porphyritic Gabbro

35.12- 35.26 : Mafic Intrusive

64.55 69.00 Mafic Intrusive

69.00 99.83 Fine to Medium Grained Gabbro

89.30- 89.80 : Mafic Syenite

99.83 99.83 End of Hole (EOH)

SUMMARY LOG ASSAY SUMMARY Hole Number CR-2014-02W

From To Lithology

0.0 0.3 Overburden

0.3 29.2 Altered Mafic Volcanics

0.25- 0.70 : Syenite

0.70- 3.70 : Mafic Volcanics

3.70- 5.70 : Syenite

5.77- 23.3 : Mafic Volcanics

23.3- 24.2 : Syenite

24.2- 29.15 : Mafic Volcanics

29.2 41.7 Syenite

31.6- 31.7 : Mafic volcanics.

31.8- 31.93 : Mafic Volcanics.

32.19- 32.42 : Mafic Volcanics

37.0- 37.63 : Mafic Volcanics

41.7 65.7 Altered Mafic Volcanics

43.08- 44.0 : Syenite

51.0- 52.6 : Mixed Syenite

55.5- 56.1 : Syenite

57.6- 58.4 : Mixed Syenite

65.7 70.1 Feldspar Porphyry

70.1 99.2 Altered Mafic Volcanics

74.03-74.23 : Feldspar Porphyry

74.70- 75.70 : Feldspar Porphyry

77.2- 78.8 : Mixed Syenite

79.25- 79.4 : Syenite

81.20- 82.95 : Syenite

87.90- 88.10 : Syenite

97.20- 99.13 : Mixed Syenite

99.2 99.2 End of Hole (EOH)

Page 9: Press Release November 18th, 2014goodmining.com/wp/wp-content/uploads/2014/11/Press... · 312,636 ounces Palladium (Pd) 9,899 ounces Gold (Au) 5,890 ounces Platinum (Pt) 4,451 ounces

9

SUMMARY LOG ASSAY SUMMARY Hole Number CR-2014-03E

From To Lithology

0.0 0.2 Overburden

0.2 20.3 Altered Mafic Volcanics

20.3 36.0 Fine to Medium Grained Gabbro

20.3-21.2 : Transition zone

36.0 42.3 Porphyritic Gabbro

42.3 72.0 Fine to Medium Grained Gabbro

72.0 102.2 Altered Mafic Volcanics

102.1 102.1 End of Hole (EOH)

SUMMARY LOG ASSAY SUMMARY Hole Number CR-2014-04W

From To Lithology

0.0 2.1 Overburden

2.1 7.9 Contact Zone

7.9 12.1 Syenite

12.1 16.6 Mafic Volcaniclastic

16.6 22.5 Syenite

22.5 27.5 Contact Zone

27.5 78.7 Syenite

31.0- 31.4 : Mafic Volcaniclastics

32.0- 32.62 : Mafic volcaniclastics

34.5- 35.2 : Mafic volcaniclastic

37.0-38.27 : Mafic Intrusive

41.23- 42.15 : Mafic Volcanics

43.05- 43.33 : Mafic Volcanics.

43.60- 43.94 : Mafic Volcanics

48.7- 49.02 : Mafic volcaniclastics.

78.7 96.1 Mafic Intrusive

93.64- 96.1 : Syenite

96.1 111.5 Mafic Volcanics

102.2- 107.0 : Mineralized Zone

111.5 134.0 Fine to medium Grained Gabbro

134.0 153.1 Porphyritic Gabbro

153.1 153.1 End of Hole (EOH)

Page 10: Press Release November 18th, 2014goodmining.com/wp/wp-content/uploads/2014/11/Press... · 312,636 ounces Palladium (Pd) 9,899 ounces Gold (Au) 5,890 ounces Platinum (Pt) 4,451 ounces

10

SUMMARY LOG ASSAY SUMMARY Hole Number CR-2014-05E

From To Lithology

0.0 2.0 Overburden

2.0 3.8 Syenite

3.8 44.8 Fine to medium grained Gabbro

44.8 55.5 Mafic Volcanics/Syenite package

55.5 75.0 Syenite/Amphibolite Package

60.5- 64.9 : Feldspar Porphyry

67.95- 68.6 : Syenite

69.77- 74.9 : Syenite

75.0 94.9 Fine to Medium Grained Gabbro

94.9 99.4 Mafic Volcanics/Syenite package

96.65- 97.40 : Feldspar Porphyry

97.96- 98.70 : Feldspar Porphyry

99.4 99.4 End of Hole (EOH)

SUMMARY LOG ASSAY SUMMARY Hole Number CR-2014-06E

From To Lithology

0.0 1.4 Overburden

1.4 29.1 Amphibolite

29.1 42.5 Feldspar Phyric Amphibolite

30.14- 30.30 : Syenite

39.83- 42.45 : Mixed intrusive

42.5 46.3 Syenite

46.3 46.8 Contact transition zone.

46.8 52.5 Feldpar Phyric Amphibolite

52.5 66.9 Amphibolite

52.5- 54.9 : Fine grained Amphibolite

54.9- 62.1 : Amphibolite

59.9- 60.2 : Syenite

66.9 101.1 Fine to Medium Grained Gabbro

86.5- 87.25 : Altered Mafic Syenite

101.1 112.0 Amphibolite

110.5- 111.5 Fault breccia zone

101.5- 101.63 : Quartz Vein

101.1- 101.2 : Quartz vein

112.0 112.0 End of Hole (EOH)

@33.3 cm is a syenite dyke 6 cm thick and

have contact angkes of 10 dtca.

Page 11: Press Release November 18th, 2014goodmining.com/wp/wp-content/uploads/2014/11/Press... · 312,636 ounces Palladium (Pd) 9,899 ounces Gold (Au) 5,890 ounces Platinum (Pt) 4,451 ounces

11

Page 12: Press Release November 18th, 2014goodmining.com/wp/wp-content/uploads/2014/11/Press... · 312,636 ounces Palladium (Pd) 9,899 ounces Gold (Au) 5,890 ounces Platinum (Pt) 4,451 ounces

12

Forward-looking Statements

Certain statements in this press release relating to the Company’s exploration activities, project

expenditures and business plans are "forward-looking statements" within the meaning of securities

legislation. The Company does not assume any obligation, to update these forward-looking

statements. These forward-looking statements represent management’s best judgment based on current

facts and assumptions that management considers reasonable. The Company makes no representation

that reasonable business people in possession of the same information would reach the same

conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other

factors which may cause the actual results, performance or achievements of the Company to be

materially different from any future results, performance or achievements expressed or implied by the

forward-looking statements. In particular, fluctuations in the price of metals or in currency markets could

prevent the Company from achieving its targets. Readers should not place undue reliance on forward-

looking statements.

Note: Although the results and the findings in this report are significant, and it is the opinion of the

company that we have discovered a high quality and rare multi mineral deposit in the CanRee, this

release is a preliminary report based on only 7 of 28 drill holes being completed, sampled and analysed

by reputable laboratories. A complete list of the minerals and elements present in all of the samples is

included in the multi-element analysis report, which will be released in its entirety in the ‘2014 Season

Annual Technical Work Report’ slated to be released in early 2015. There is no guarantee that drill results

reported in this preliminary news release will lead to the identification of a deposit that can be mined

economically. Further drill results, reports and/or work are required to identify a proven reserve or

resource as a qualifying factor for an NI 43-101 compliant report. Further press releases are to follow in

the coming weeks and months.