Westminster Project Annual Report for the period 1 January 2019 to 31 December 2019 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 ensuring the accuracy of the next stage of drill program creation. These drill maps and sections have been developed across the whole of the Westminster Project site which includes Ore Body One and two additional target zones (Targets Two and Three). Some previous drilling and ground mapping/sampling shows that these additional target zones fit perfectly within the Truscott structural model. During the year a set of planning and drill control sections has been developed to systematically test for mineralisation continuum, this study is now well advanced. The level of management planning and technical control available to support the next stage of resource extension drilling is now considered to be at a high level. Truscott's drill model is based on structural features, first is the F1 folding event at (90 degrees) followed by F2 (60 degrees) where these two events cross over each other crustal weaknesses caused openings along old bedding planes. Other mineralised openings are resultants due to the classic riedel shear model of D, R and P, that propagated across the Northern Territory in late Archaen times. Riedel shear openings on R contain major iron deposits, low grade gold and anomalous wolframite. Riedel P shears contain the bulk of the gold mineralisation, however this high grade gold mineralisation is confined within the main D shear zone. 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. The Geological report for Tenement MLC 511 is the same as the combined annual report for tenements MA 25942, MA 26500 and MA 26558 report as tenement boundaries cross through the same ore body and structural features (Figure 5).