Westminster Project Annual Report for the period 1 January 2018 to 31 December 2018 MLC 511

Abstract

During the current year Truscott has continued to advance its in house understanding of the structural controls over mineralisation within the Central Tennant Creek high-grade gold field, through continued, field work, research and analysis initiatives. Spatial analysis models of Westminster Mineralisation have been checked against Truscott's regional models and have been adjusted accordingly. Mineralised intersections between 103 degress (R) and 063 degress (P) surface structures have been mapped across the Tenements Figure (5). Grab sample results (Appendix 1, Combined Annual Report) were taken from various localities to ascertain the nature of the Westminster Project mineralisation these samples were from Tenements joining MLC 511 and were of an experimental nature. However results suggest high concentrations of iron in the southernmost shear, iron outcrops. The southern shear located on MLC 511 will be sampled within the coming field season. It had been previously recognized that this was not just a copper gold related mineralized system but other elements were present such as Mo, W and these sample results along with some extra testing of Drill Chip done in 2016, changed what had formally described as a Copper Gold System, to an Orogenic related Mineral System. This system was subject to later collapse and uplift associated with magmatic rocks within an Orogenic belt situated some distance back (north) from a plate margin. Rock samples collected from various locations indicated that there were high grade iron ore deposits containing grades up to 70% iron located outside the main shear zone, with other possible target zones located on tenements MA 26500 and MLC 511. At the Westminster Project observations and analysis generated from the drill programs and field mapping undertaken during the year have provided feedback to allow continuous assessment and refinements to be made to the structural model at a project and regional levels. For Westminster a detailed assessment of the constraints on ore geometry has been further developed describing the expected location of potential high grade mineralised target zones prior to the initiation of drilling. Ore Body One has been modeled and wireframed to allow 3d models (Figure 6) this will improve drill targeting and ultimately upgrade the resource. The company's research into the structural controls and mineralising events continues to increase the effectiveness of the structural model being developed as a tool to successfully predict other sites for high grade gold mineralisation.