news release · news release tsx: crk 2 key intercepts and results reported include: new east...

News Release TSX: CRK

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CROCODILE GOLD REPORTS SUBSTANTIAL HIGH-GRADE DRILL RESULTS INCLUSIVE OF VISIBLE GOLD AT FOSTERVILLE GOLD MINE

Toronto, Ontario, February 2, 2015 – Crocodile Gold Corp. (TSX:CRK)(OTCQX:CROCF)(“Crocodile Gold” or the “Company”) today announced the results for 138 drill holes, totaling 31,550 metres (“m”) completed during the course of a US$5.6 million exploration drill program at Fosterville Gold Mine (“Fosterville”). The drill program continued to focus on the Phoenix and Lower Phoenix targets. The results announced today include 14 holes reporting high-grade gold intercepts.

Key Highlights

High-grade drill intercepts for newly identified East Dipping Faults and Kestrel Structures which respectively include 55.57(1) g/t Au over 8.5m (ETW 4.62m) and 12.06 g/t Au over 2.70m (ETW 2.06m). These structures occur below the Phoenix and Lower Phoenix Faults, and in the case of the East Dipping Faults, visible gold occurs in addition to the more common disseminated sulphide gold mineralization. The drilling program also confirmed continuous mineralization along the newly identified structures.

High-grade Lower Phoenix Footwall Fault intercepts identify significant gold mineralization over an 80m vertical extent with the most northern intercept approximately 240m along-strike (down-plunge) from current mineral reserves.

Lower Phoenix Footwall structure intercepts include 123.10(1) g/t Au over 9.45m (ETW 3.99m), 51.34(1) g/t Au over 6.80m (ETW 6.0m), and 294.23(1) g/t Au over 1.85m (ETW 1.26m). High-grade intercepts have strong potential to extend mineral resources and reserves southwards down-plunge.

(1) Visible gold present in drill intercept

ETW - Estimated true width

The new holes drilled establish the continuation of gold mineralization down-plunge and identified multiple mineralized faults below the Phoenix and Lower Phoenix Faults. Drill results for three mineralized faults, namely the Lower Phoenix Footwall, East Dipping Faults and Kestrel Structures, all demonstrate the potential to extend mineral resources down-plunge. Rodney Lamond, President and Chief Executive Officer, Crocodile Gold, commented: “We are extremely pleased to report high-grade drill results at Fosterville which confirm the continuity of a strongly mineralized system down-plunge of current mineral reserves. We are encouraged by the presence of visible gold in 17 drill intercepts with some intercepts exhibiting significantly higher-gold grades than typical intercepts. Furthermore, the presence of visible gold, which appears to represent a second gold event occurring within sulphide-gold mineralized structures, could dramatically increase gold grades.” “The two new mineralized structures identified at Fosterville have similar trends and are close to the Phoenix and Lower Phoenix mineralized faults. Additionally, the confirmation of continuous mineralization, along the newly discovered East Dipping Faults and Kestrel Structures, is extremely important as these results have the potential to provide multiple ore sources accessible from the already developed Phoenix decline. With the successful results from our 2014 drill program at Fosterville, we look forward to providing further updates to our mineral resources and reserves by the end of the first quarter of 2015.


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Key Intercepts and Results Reported Include:

New East Dipping Fault intercepts with 55.57 g/t Au over 8.5m (ETW 4.62m) in hole

UDH1113(1), 42.09 g/t Au over 4.75m (ETW 2.49m) in hole UDH1029 (1), 32.26 g/t Au over 3.10m

(ETW 2.86m) in hole UDH0799(1) and 22.10 g/t Au over 2.0m (ETW 1.86m) in hole UDH1045.

These drill intercepts are considered important because they confirm high-grade gold

mineralization on east dipping structures.

New Kestrel Structure intercepts with 12.06 g/t Au over 2.70m (ETW 2.06m) in hole UDH0841,

8.21 g/t Au over 4.50m (ETW 3.96m) in hole UDH0919A and 7.18 g/t Au over 3.95m (ETW

3.75m) in hole UDH0832, are considered important because they identify a high-grade

mineralized region on the Kestrel Structure.

Lower Phoenix Fault intercepts with 10.70 g/t Au over 16.05m (ETW 14.00m) in hole

UDH0936(1) and 3.95 g/t Au over 10.40m (ETW 8.50m) in hole UDH0931, demonstrate

significant mineralization down-plunge from mineral reserves. Importantly, intercept 9.67 g/t Au

over 5.10m (ETW 3.43m) in hole UDH0820 confirms high-grade mineralization only 90m from

current reserves that are already vertically accessed.

Lower Phoenix Footwall Fault intercepts with 294.23 g/t Au over 1.85m (ETW 1.26m) in hole

UDH1103(1), 123.10 g/t Au over 9.45m (ETW 3.99m) in hole UDH0928(1), 68.84 g/t Au over

2.85m (ETW 0.7m) in hole UDH0933(1), 51.34 g/t Au over 6.80m (ETW 6.0m) in hole UDH0935(1).

Visible gold occurs in quartz-stibnite veins in eight of the above-mentioned holes. This visible

gold is in addition to the Fosterville-style disseminated sulphide hosted gold mineralization

intersected in these holes. These intercepts and nine others containing visible gold are

annotated in Table 1 and highlighted in Figures 4 and 5.

Phoenix and Lower Phoenix Drill Program

The Company has continued drilling for down-plunge extensions of the Phoenix Fault and both down and up-plunge extensions of the Lower Phoenix Fault to assess the growth potential for Measured and Indicated Mineral Resources (see Figures 1 and 2). Progressive geological modeling has also supported the extension of drill holes below the Lower Phoenix Fault to test other mineralized structures (Lower Phoenix Footwall Fault, East Dipping Fault and Kestrel Structures) (see Figure 3). In addition, drilling has focused on providing increased definition and confidence in the near term mine targets within and close to Indicated mineral resources. The drill results reported in Table 1 are those outside of current Measured and Indicated Mineral Resources and will be included Fosterville’s end of 2014 resource model update. See Table 2 for a list of drill collars. Moving forward, ongoing operations of three underground diamond drill rigs at Fosterville Gold

Mine continue to focus drilling the Phoenix, Lower Phoenix and Lower Phoenix Footwall, East

Dipping and Kestrel targets.


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Lower Phoenix and Lower Phoenix Footwall Targets

Testing for extensions to the Lower Phoenix resources continues with drilling between Mine Grid northings 6400mN and 7700mN covering a total strike length of 1,300m. Drill results provide evidence that significant gold mineralization is continuous over this range. Present drill coverage is approximately 490m south down-plunge and 100m north up-plunge from the existing Lower Phoenix mineral reserves (See Figures 2 and 4). It is anticipated that the strong drill results returned from Lower Phoenix and Lower Phoenix Footwall structures, including high-grade intercepts for ten holes; UDH0872, UDH0928, UDH0931, UDH0933, UDH0935 to UDH0937, UDH1009, UDH1110 and UDH1103 will continue to underpin Indicated Mineral Resource growth below 4,300mRL for mineral reserve evaluation.

East Dipping Fault and Kestrel Footwall Targets

The drilling program also confirmed continuous mineralization along the newly identified East Dipping Fault and Kestrel Structures for which drill intercepts are shown in Figure 5. Progressive drilling of these structures will be undertaken in 2015 to better understand their extents, geometries and metallurgical characteristics. The drilling is planned to occur in conjunction with the Phoenix and Lower Phoenix Footwall exploration programs. A schematic geological cross section (Figure 3) illustrates the structural positions of the East Dipping and Kestrel target areas with respect to the Phoenix, Lower Phoenix and Lower Phoenix Footwall Faults and associated gold mineralization. Phoenix Target

The drilling completed to test for down-plunge extensions of the Phoenix Fault included two drill

holes on section 6400mN approximately 60m beyond the southern extent of known mineral

resources and 425m south of the central mineral reserves. These drill results confirmed the

continuation of mineralization for this structure with drill intercepts 3.19 g/t Au over 3.05m (ETW

3.05m) in hole UDE111 and 4.7g/t Au over 1.2m (ETW 1.2m) in hole UDE112. These intercepts will

be included into the end 2014 mineral resource updates (See figure 3).

For additional information please refer to Fosterville's Mineral Resources and Mineral Reserves

under the technical report NI 43-101 filed May 27, 2014 on SEDAR.

About Fosterville Gold Mine

Fosterville Gold Mine commenced commercial production of gold from sulphide ore in April 2005. As

of December 31, 2014 Fosterville has produced 877,586 ounces of gold. The ore is largely refractory

and gold is recovered through a state-of-the-art BIOX® processing plant that produces approximately

100,000 to 105,000 ounces annually. The mill is capable of processing approximately 830,000 tonnes

of ore annually.


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Qualified Persons

M. Edwards, MAusIMM(CP), General Manager Exploration and Business Development of Crocodile

Gold, Troy Fuller, MAIG, Geology Manager of Fosterville Gold Mine and Simon Hitchman, FAusIMM,

Exploration Manager Crocodile Gold Corp. are "qualified persons" as such term is defined in National

Instrument 43-101 and have reviewed and approved the technical information and data included in

this press release.

QAQC

Crocodile Gold has in place quality-control systems to ensure best practice in drilling, sampling and

analysis of drill core. All diamond drill hole collars (Table 2) are accurately surveyed using a Leica

Total Stations instrument and down hole deviations are measured by electronic multi-shot cameras.

All reported drill intercepts are from NQ2 sized diamond drill core that was cut longitudinally in half

with a diamond saw. One-half of the drill core was sent for assay and the other half retained for

reference. Drill core sample intervals, determined using logged sulphide controls, vary between 0.3

and 1.2m in length.

Assay results are based on 25-gram charge fire assays. Mean grades are calculated using a variable

lower grade cut-off (generally 2 g/t Au) and maximum 2 metre internal dilution. No upper gold grade

cut has been applied to the data. However, during future resource work the requirement for assay

top cutting will be assessed. Drill intercepts containing visible gold are annotated in Table 1.

Drill samples were assayed at On Site Laboratories, an independent laboratory in Bendigo, Victoria.

The facility is registered ISO9001:2008 (CERT-C33510).

About Crocodile Gold

Crocodile Gold is a Canadian gold mining and exploration company with three operating mines in Australia. The objective of Crocodile Gold is to continue to focus on the safe and profitable operating performance from its three operating mines, Fosterville and Stawell Gold Mines in the state of Victoria and Cosmo Gold Mine in the Northern Territory. Our primary goal of sustainable operating performance is achieved through building confidence in our mine plans, continuing with prudent cost management controls and targeted exploration and resource development. Sustainable operating performance from our current assets is a critical step in supporting the future growth toward the 5 year Strategy of Crocodile Gold. For additional information, please visit our website www.crocgold.com. Follow us on Twitter @crocgold_crk or Facebook facebook.com/CrocodileGoldCorp. For further information, please contact:

Laura Lepore Director, Investor Relations Crocodile Gold Corp. Tel: 416-847-1847 [email protected]


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Cautionary Note

Certain information set forth in this press release contains "forward-looking statements", and

"forward-looking information under applicable securities laws. Except for statements of historical

fact, certain information contained herein constitutes forward-looking statements, which include the

Company's expectations for future performance based on current drill results and past production,

expected gold prices, and mineral resource estimates, and are based on Crocodile Gold's current

internal expectations, estimates, projections, assumptions and beliefs, which may prove to be

incorrect. Some of the forward-looking statements may be identified by words such as "expects"

"anticipates", "believes", "projects", "plans", and similar expressions. These statements are not

guarantees of future performance and undue reliance should not be placed on them. Such forward-

looking statements necessarily involve known and unknown risks and uncertainties, which may

cause Crocodile Gold's actual performance and financial results in future periods to differ materially

from any projections of future performance or results expressed or implied by such forward-looking

statements. These risks and uncertainties include, but are not limited to: liabilities inherent in mine

development and production; geological, mining and processing technical problems; Crocodile

Gold's inability to obtain required mine licences, mine permits and regulatory approvals required in

connection with mining and mineral processing operations; competition for, among other things,

capital, acquisitions of reserves, undeveloped lands and skilled personnel; incorrect assessments of

the value of acquisitions; changes in commodity prices and exchange rates; currency and interest

rate fluctuations; various events that could disrupt operations and/or the transportation of mineral

products, including labour stoppages and severe weather conditions; the demand for and availability

of rail, port and other transportation services; the ability to secure adequate financing and

management's ability to anticipate and manage the foregoing factors and risks. There can be no

assurance that forward-looking statements will prove to be accurate, and actual results and future

events could differ materially from those anticipated in such statements. Crocodile Gold undertakes

no obligation to update forward-looking statements if circumstances or management's estimates or

opinions should change except as required by applicable securities laws. The reader is cautioned not

to place undue reliance on forward-looking statements.


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Table 1: Drill Assay Intercepts for Phoenix, Lower Phoenix and other Structures (Intercepts reported are outside of the reported December 2013 Indicated Mineral Resources)

Hole ID From (m)

To (m)

Downhole Interval

(m)

Estimated True Width

(m)

Gold Grade (g/t Au)

Geological Structure

East Dipping Fault

UDH0581 125.9 132.2 6.3 3.74 14.66 East Dipping

UDH0653 202.2 203.5 1.3 1.24 3 East Dipping

UDH0677 110.75 112.85 2.1 1.99 3.77 East Dipping

UDH0775 28.35 29 0.65 0.4 3.63 East Dipping

UDH0777 0 1.3 1.3 0.7 6.41 East Dipping

UDH0798 170.75 171.55 0.8 0.74 1.82 East Dipping

UDH0799(1)

161.45 164.55 3.1 2.86 32.26 East Dipping

UDH0799 213.1 214.1 1 0.98 7.59 East Dipping

UDH0802 157.6 157.95 0.35 0.29 8.87 East Dipping

UDH0802 238.9 239.35 0.45 0.39 15 East Dipping

UDH0804 181.1 183.3 2.2 1.14 9.09 East Dipping

UDH0819 181.3 182.3 1 0.63 3.8 East Dipping

UDH0820 174.1 176.8 2.7 1.97 8.9 East Dipping

UDH0821 207.8 209 1.2 0.71 4.71 East Dipping

UDH0823 155.8 156.4 0.6 0.51 3.79 East Dipping

UDH0823 247.3 247.8 0.5 0.5 2.09 East Dipping

UDH0824 237 238.75 1.75 1.67 5.46 East Dipping

UDH0832 115.45 117.5 2.05 2.03 2.2 East Dipping

UDH0833 117.1 117.6 0.5 0.5 2.63 East Dipping

UDH0835 170.25 172.25 2 1.96 7.62 East Dipping

UDH0839 173.45 173.8 0.35 0.31 3.41 East Dipping

UDH0839 208.4 210.3 1.9 1.7 9.13 East Dipping

UDH0840 104.5 108.1 3.6 2.23 2.43 East Dipping

UDH0841 72.5 73.15 0.65 0.5 6.04 East Dipping

UDH0842 105.1 105.75 0.65 0.52 2.13 East Dipping

UDH0843 198.95 202.3 3.35 3.21 3.39 East Dipping

UDH0845 193.4 194.55 1.15 1.14 9.5 East Dipping

UDH0846 196.7 199.7 3 2.82 8.51 East Dipping

UDH0848A 190 193.35 3.35 0.74 5.91 East Dipping

UDH0857 149.45 150.45 1 0.29 4.03 East Dipping

UDH0858 160.6 163 2.4 0.81 9.55 East Dipping


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UDH0861 130.6 134.4 3.8 1.59 5.36 East Dipping

UDH0862 165.4 166 0.6 0.36 5.08 East Dipping

UDH0886(1)

166.6 169.5 2.9 1.11 20.33 East Dipping

UDH0905 8.35 16 7.65 4.35 4.57 East Dipping

UDH0909 93.1 98.6 5.5 1.62 3.47 East Dipping

UDH0910 90.95 92.4 1.45 1.34 7.72 East Dipping

UDH0921 51.75 57.1 5.35 4.8 2.77 East Dipping

UDH0943 95.1 97.05 1.95 1.7 11.19 East Dipping

UDH0944 205.45 209.7 4.25 2.18 7.81 East Dipping

UDH0976 192 198.65 6.65 5.86 3.86 East Dipping

UDH0998 160.6 162.15 1.55 0.97 14.61 East Dipper

UDH0999 129.5 131.45 1.95 0.78 2.05 East Dipping

UDH1005 97.15 99.85 2.7 2.65 8.13 East Dipping

UDH1009 99.8 101.75 1.95 1.85 6.58 East Dipping

UDH1010 103.9 105.3 1.4 1.32 6.26 East Dipping

UDH1029(1)

78.9 83.65 4.75 2.49 42.09 East Dipping

Including(1)

82.05 83.65 1.6 0.84 112.7 East Dipping

UDH1030 63.9 65.25 1.35 1.24 6.29 East Dipping

UDH1031 63.65 64.8 1.15 0.93 6.97 East Dipping

UDH1032 88.05 89.2 1.15 0.82 18.38 East Dipping

UDH1033 124.4 124.85 0.45 0.41 9.68 East Dipping

UDH1035 98.95 99.4 0.45 0.44 5.86 East Dipping

UDH1036 92 92.4 0.4 0.4 5.62 East Dipping

UDH1038 32.1 34.05 1.95 1.83 8.89 East Dipping

UDH1040 127.2 133.7 6.5 6.2 3.81 East Dipping

UDH1041 116 118.7 2.7 2.08 0.44 East Dipping

UDH1042 No Significant Intersection East Dipping

UDH1043 0.6 8.85 8.25 3.54 2.26 East Dipper

UDH1045 88.2 90.2 2 1.86 22.1 East Dipping




UDH1080 89.8 93.75 3.95 3.54 13.79 East Dipping

UDH1081 93.55 95.8 2.25 2.02 13.55 East Dipping

UDH1082 94.3 94.6 0.3 0.28 5.34 East Dipping

UDH1085 2.9 8.75 5.85 3.58 3.92 East Dipping

UDH1085 140 144.9 4.9 3.22 7.85 East Dipping

UDH1085 148.55 153 4.45 2.18 3.21 East Dipping


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UDH1086 0 5 5 1 3.07 East Dipping

UDH1087 0 6.6 6.6 4.19 3.64 East Dipping

UDH1087 140.25 142.7 2.45 1.39 5.22 East Dipping

UDH1087 173.4 174.7 1.3 0.87 3.26 East Dipping

UDH1100(1)

320.85 327.6 6.75 3.75 25.93 East Dipping

Including(1)

322.05 322.85 0.8 0.45 137.1 East Dipping

UDH1104(1)

340.8 343.55 2.75 0.8 35.17 East Dipping

Including(1)

342.65 342.95 0.3 0.09 132.6 East Dipping

And(1)

343.25 343.55 0.3 0.09 140.1 East Dipping

UDH1113(1)

297.85 306.35 8.5 4.62 55.57 East Dipping

UDH1123 86.8 87.45 0.65 0.65 6.94 East Dipping

Kestrel Structures

UDH0652 106 108.6 2.6 2.49 2.68 Kestrel

UDH0653 107.45 107.9 0.45 0.43 3.82 Kestrel

UDH0677 15.1 19.05 3.95 3.88 4.75 Kestrel

UDH0741 210.1 210.7 0.6 0.37 1.79 Kestrel

UDH0792 98.7 103.2 4.5 4.13 4.57 Kestrel

UDH0793 109.4 110.35 0.95 0.68 2.43 Kestrel

UDH0794 117.5 119.15 1.65 1.34 4.32 Kestrel

UDH0795 130.7 133.5 2.8 2.06 4.44 Kestrel

And 174.6 175.75 1.15 0.84 4.05 Kestrel

UDH0798 99.65 102 2.35 1.9 6.47 Kestrel

UDH0799 93.45 95 1.55 1.5 3.09 Kestrel

UDH0802 92 92.6 0.6 0.6 1.25 Kestrel

UDH0823 93.55 94.45 0.9 0.89 2.57 Kestrel

UDH0824 92.45 92.9 0.45 0.44 4.59 Kestrel

UDH0831 15.85 19.5 3.65 3.6 3.12 Kestrel

UDH0832 15.6 19.55 3.95 3.75 7.18 Kestrel

UDH0833 16.8 18.7 1.9 1.36 3.74 Kestrel

UDH0835 95.9 101.85 5.95 1.67 4.36 Kestrel

UDH0836 99 99.7 0.7 0.64 2.14 Kestrel

And 147.1 151 3.9 3.52 2.86 Kestrel

UDH0837 No Significant Intersection Kestrel

UDH0839 96.55 97.4 0.85 0.64 1.18 Kestrel

UDH0840 66.3 67.6 1.3 1.22 2.06 Kestrel

And 76.1 77.3 1.2 1.14 2.23 Kestrel

UDH0841 106.7 109.4 2.7 2.06 12.06 Kestrel


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UDH0842 65.95 70.5 4.55 4.49 4.85 Kestrel

And 78.55 81.85 3.3 3.1 4.23 Kestrel

UDH0843 105.2 106.2 1 0.99 1.81 Kestrel

UDH0845 104.5 107.85 3.35 3.21 3.59 Kestrel

UDH0846 110.45 111.55 1.1 1.06 1.9 Kestrel

UDH0889 212.4 214.8 2.4 2.06 3.5 Kestrel

UDH0919A 172.5 177 4.5 3.96 8.21 Kestrel

UDH0922 46 46.9 0.9 0.65 3.04 Kestrel

UDH0974 94.25 95.75 1.5 1.46 2.93 Kestrel

UDH0975 90.55 93.15 2.6 2.55 2.9 Kestrel

UDH0976 95 99.1 4.1 3.91 3.46 Kestrel

UDH0977 99.25 99.95 0.7 0.67 2.99 Kestrel

UDH1025 83.1 83.55 0.45 0.45 2.14 Kestrel


UDH1027 82.45 86.3 3.85 3.69 2.44 Kestrel

UDH1028 85 87.3 2.3 2.18 2.2 Kestrel



UDH1043 18.4 19 0.6 0.41 2.33 Kestrel

UDH1043 53.65 55.05 1.4 1.05 1.12 Kestrel



UDH1082 85.1 85.5 0.4 0.29 9.47 Kestrel

UDH1083 78.95 79.85 0.9 0.78 9.7 Kestrel

UDH1085 14.55 19.25 4.7 2.59 3.43 Kestrel

UDH1085 52.5 53.65 1.15 0.88 2.64 Kestrel

UDH1086 12.8 13.75 0.95 0.84 4.64 Kestrel

UDH1086 42.4 43.5 1.1 0.97 7.02 Kestrel

UDH1087 16.5 20.2 3.7 2.5 4.66 Kestrel

UDH1087 58.55 60.5 1.95 1.33 1.84 Kestrel

UDH1087 97 101.35 4.35 3.02 3.36 Kestrel

UDH1123 95.75 107.7 11.95 5.2 4.7 Kestrel

Lower Phoenix Fault

SPD613 1072.5 1074.6 2.1 2.1 4.37 Lower Phoenix

SPD613A 1047.15 1048.6 1.45 1.45 2.32 Lower Phoenix

SPD613C 1094.5 1097 2.5 2.5 4.33 Lower Phoenix

And 1118.8 1124.05 5.25 5.25 4.77 Lower Phoenix

UDH0747 215.65 218.8 3.15 2.41 3.96 Lower Phoenix



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UDH0792 212.55 214 1.45 0.67 3.22 Lower Phoenix

UDH0793 182.7 191.7 9 5.1 3.93 Lower Phoenix

UDH0794 244 247.1 3.1 1.82 2.36 Lower Phoenix




UDH0867 No Significant Intersection Lower Phoenix


UDH0904 179 181 2 1.21 3.08 Lower Phoenix

UDH0928 253.7 255 1.3 0.98 5.29 Lower Phoenix

UDH0929 No Significant Intersection Lower Phoenix




UDH0936(1)

258.35 274.4 16.05 14 10.7 Lower Phoenix

UDH0937 236.85 237.85 1 0.97 4.42 Lower Phoenix



UDH0996(1)

202 207.25 5.25 2.63 11.81 Lower Phoenix

Including(1)

203 203.3 0.3 0.15 64.3 Lower Phoenix

And 204 204.9 0.9 0.45 23.7 Lower Phoenix

UDH0997(1)

178.85 185.45 6.6 3.31 11.11 Lower Phoenix

UDH0997 218 219.95 1.95 1.77 2.86 Lower Phoenix


UDH1052 0 0 0 0 0 Lower Phoenix



UDH1097A No Significant Intersection Lower Phoenix




UDH1113(1)

247.2 248.15 0.95 0.68 18.8 Lower Phoenix

Lower Phoenix Footwall Fault

UDH0747 222.2 223 0.8 0.71 3.22 Lower Phoenix FW

UDH0793 170.95 179.8 8.85 1.5 4.45 Lower Phoenix FW





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UDH0876A No Significant Intersection Lower Phoenix FW

UDH0877 No Significant Intersection Lower Phoenix FW



UDH0887 196.85 199.75 2.9 4 4.71 Lower Phoenix FW




UDH0928(1)

303.3 312.75 9.45 3.99 123.1 Lower Phoenix FW

Including(1)

308.8 309.65 0.75 0.32 1,258.9 Lower Phoenix FW


UDH0933(1)

323.55 326.4 2.85 0.7 68.84 Lower Phoenix FW

UDH0935(1)

262.45 269.25 6.8 6 51.34 Lower Phoenix FW

Including(1)

263.75 264.05 0.3 0.26 916.8 Lower Phoenix FW

UDH0935 275 284.9 9.9 3.08 8.09 Lower Phoenix FW

UDH0937(1)

262.65 274.4 11.75 11.5 8.59 Lower Phoenix FW




UDH1025 220 221.2 1.2 1.19 3.34 Lower Phoenix FW

UDH1026 218.85 220.85 2 1.99 0.57 Lower Phoenix FW


UDH1033 139.85 140.85 1 0.86 2.67 Lower Phoenix FW



UDH1085(1)

154.35 159.05 4.7 4.4 12.42 Lower Phoenix FW

Including(1)

157 157.3 0.3 0.28 117.6 Lower Phoenix FW



UDH1103(1)

312.55 314.4 1.85 1.26 294.23 Lower Phoenix FW

Including(1)

313.45 314.05 0.6 0.41 396.6 Lower Phoenix FW

And(1)

314.05 314.4 0.35 0.24 117.6 Lower Phoenix FW



UDH1110(1)

361.6 364.9 3.3 2.36 24.15 Lower Phoenix FW


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Including(1)

361.9 362.75 0.85 0.61 49.4 Lower Phoenix FW


Phoenix Fault

UDE111 507.3 510.35 3.05 3.05 3.19 Phoenix

UDE112 502.9 504.1 1.2 1.2 4.7 Phoenix

UDH0890A 276.35 280.75 4.4 3.05 5.26 Phoenix

UDH1014 233.5 234.65 1.15 1.1 4.01 Phoenix

UDH1068 275.5 276 0.5 0.41 4.96 Phoenix

UDH1069 280.1 281 0.9 0.66 12.2 Phoenix

UDH1083 84.7 86.8 2.1 1.28 3.51 Phoenix

UDH1101 290.75 291.7 0.95 0.7 5.25 Phoenix

UDH1105A 310.4 310.8 0.4 0.3 2.03 Phoenix

Notes:

(1) Visible gold observed in drill intercept

Drill intercepts greater than 30 Gram-Metres are in bold text


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Table 2: Exploration Drill Hole Collar Locations for Phoenix, Lower Phoenix and other Structures (Drilling Programs later than and outside of Indicated Mineral Resources reported December 2013, Fosterville Mine Grid)

Hole ID Northing Easting Elevation Collar

Azimuth

Collar

Plunge

Depth

(m)

SPD613 6,420.7 1,222.2 5,170.1 90 -82 1,181.7

SPD613A 6,420.7 1,222.2 5,170.1 90 -65 1,091.4

SPD613C 6,420.7 1,222.2 5,170.1 90 -86 1,208.7

UDE111 6,395.1 1,563.1 4,798.0 90 -79 637.1

UDE112 6,395.1 1,563.2 4,798.0 84 -72 611.3

UDH0581 7,023.3 1,525.6 4,445.9 103 -49 173.6

UDH0652 7,475.5 1,791.8 4,474.1 286 -18 200.8

UDH0653 7,475.5 1,791.9 4,473.9 286 -27 243.1

UDH0677 7,372.0 1,717.1 4,416.1 278 -30 175.7

UDH0741 6,905.2 1,478.3 4,448.8 95 -27 242.4

UDH0747 6,861.3 1,456.4 4,449.4 97 -69 284.8

UDH0756 6,905.0 1,477.1 4,448.0 97 -81 339.9

UDH0775 7,386.2 1,640.8 4,465.0 279 2 51.0

UDH0777 7,429.6 1,636.3 4,466.4 288 13 47.3

UDH0792 7,525.2 1,783.4 4,474.8 297 -23 230.7

UDH0793 7,525.5 1,783.4 4,474.9 303 -13 203.3

UDH0794 7,525.4 1,783.4 4,474.8 311 -20 263.8

UDH0795 7,525.7 1,783.3 4,475.0 315 -11 236.8

UDH0798 6,999.2 1,754.2 4,423.5 280 -24 216.0

UDH0799 7,000.8 1,754.3 4,423.3 275 -31 251.3

UDH0802 7,000.4 1,754.3 4,422.8 268 -39 296.7

UDH0804 7,172.1 1,512.9 4,444.2 143 -52 194.5

UDH0819 7,526.2 1,783.6 4,476.4 316 16 236.8

UDH0820 7,526.0 1,783.4 4,475.5 307 2 221.7

UDH0821 7,525.6 1,784.4 4,475.5 318 1 218.9

UDH0823 7,000.1 1,754.4 4,422.7 261 -42 365.7

UDH0824 7,000.6 1,754.3 4,423.1 271 -43 317.8

UDH0831 7,371.1 1,717.7 4,416.2 259 -36 233.6

UDH0832 7,371.6 1,717.3 4,416.2 268 -33 190.8

UDH0833 7,371.5 1,717.4 4,416.1 268 -36 202.9

UDH0835 7,001.4 1,754.5 4,423.3 275 -25 206.9

UDH0836 7,525.2 1,783.4 4,475.1 295 -15 209.5

UDH0837 7,524.9 1,783.5 4,474.9 287 -21 206.8


19

UDH0839 7,000.6 1,754.3 4,422.6 289 -28 246.0

UDH0840 7,122.6 1,723.3 4,441.2 279 -23 158.8

UDH0841 7,124.5 1,723.4 4,440.2 320 -33 148.7

UDH0842 7,122.0 1,723.2 4,441.2 265 -23 150.0

UDH0843 7,477.9 1,792.1 4,474.0 265 -33 255.0

UDH0845 7,477.7 1,792.0 4,474.0 261 -27 221.9

UDH0846 7,477.2 1,791.8 4,473.9 251 -27 233.6

UDH0848A 7,023.5 1,524.9 4,445.9 96 -75 203.9

UDH0850 7,023.0 1,524.6 4,445.9 133 -77 222.0

UDH0857 7,171.3 1,513.1 4,444.3 133 -50 176.7

UDH0858 7,171.8 1,513.1 4,444.2 124 -56 170.7

UDH0860 7,172.7 1,513.7 4,444.3 56 -70 179.9

UDH0861 7,023.7 1,525.8 4,445.9 87 -49 290.6

UDH0862 7,024.9 1,524.5 4,445.9 34 -64 182.8

UDH0867 6,624.2 1,453.9 4,457.8 73 -63 278.8

UDH0872 6,861.6 1,456.3 4,449.3 80 -64 239.8

UDH0874 6,861.2 1,456.2 4,449.4 95 -64 233.8

UDH0876A 6,860.7 1,456.5 4,449.3 106 -56 275.8

UDH0877 6,860.8 1,456.2 4,449.4 110 -61 254.8

UDH0881 6,905.9 1,477.8 4,448.1 77 -55 201.8

UDH0883 6,905.7 1,477.5 4,448.1 78 -63 206.7

UDH0886 6,905.3 1,477.9 4,448.3 91 -49 203.8

UDH0887 6,905.2 1,477.5 4,448.1 93 -65 215.8

UDH0889 6,791.9 1,458.4 4,451.6 80 -20 275.8

UDH0890A 6,788.4 1,465.1 4,451.9 93 -10 290.6

UDH0893 6,791.0 1,457.5 4,450.8 98 -59 281.8

UDH0903 7,521.7 1,784.4 4,475.4 298 -1 179.6

UDH0904 7,521.7 1,784.2 4,475.1 297 -10 194.5

UDH0905 7,463.3 1,620.5 4,402.8 318 -67 32.5

UDH0909 7,267.7 1,694.1 4,370.2 294 -10 134.8

UDH0910 7,267.7 1,694.1 4,369.9 294 -18 152.8

UDH0919A 6,942.6 1,802.0 4,415.2 235 -16 212.9

UDH0921 7,267.1 1,694.2 4,371.7 280 21 89.7

UDH0922 7,266.2 1,693.7 4,371.8 262 20 83.2

UDH0928 6,620.0 1,453.8 4,457.8 98 -73 326.9

UDH0929 6,619.1 1,453.4 4,457.8 128 -70 356.8

UDH0931 6,619.4 1,453.8 4,457.8 112 -64 331.3

UDH0933 6,619.5 1,453.6 4,457.9 111 -75 364.7

UDH0935 6,630.4 1,452.6 4,457.7 70 -72 311.8

UDH0936 6,630.1 1,452.6 4,457.7 78 -79 366.0


20

UDH0937 6,630.5 1,452.7 4,457.7 67 -65 293.9

UDH0938 6,631.2 1,452.1 4,457.5 40 -74 332.9

UDH0943 7,268.1 1,694.2 4,370.3 301 -8 137.7

UDH0944 7,522.6 1,784.1 4,475.6 314 2 220.9

UDH0974 7,520.6 1,784.5 4,474.7 264 -28 212.9

UDH0975 7,520.7 1,784.3 4,474.6 280 -27 224.9

UDH0976 7,520.8 1,784.3 4,474.5 271 -32 245.7

UDH0977 7,519.9 1,784.5 4,474.6 258 -31 242.8

UDH0996 7,020.3 1,528.1 4,446.0 178 -78 240.0

UDH0997 7,021.5 1,529.0 4,445.9 83 -88 234.0

UDH0998 7,022.2 1,529.0 4,445.9 50 -70 176.9

UDH0999 7,026.6 1,526.7 4,445.9 25 -40 175.3

UDH1002 7,025.3 1,524.0 4,445.9 22 -59 173.7

UDH1005 7,063.2 1,667.0 4,338.2 258 -13 131.6

UDH1007 7,064.4 1,667.4 4,338.2 287 -18 146.8

UDH1009 7,063.1 1,667.2 4,338.1 265 -32 131.9

UDH1010 7,063.2 1,667.4 4,337.6 253 -39 146.8

UDH1014 6,690.7 1,473.3 4,456.0 93 -28 270.0

UDH1025 7,142.9 1,774.5 4,358.4 274 -17 251.8

UDH1026 7,142.7 1,774.4 4,358.4 270 -16 248.0

UDH1027 7,142.8 1,774.3 4,358.1 272 -23 254.7

UDH1028 7,143.1 1,774.7 4,358.3 279 -22 281.9

UDH1029 7,062.3 1,666.8 4,339.4 241 13 101.7

UDH1030 7,063.6 1,666.6 4,339.6 270 18 95.6

UDH1031 7,064.1 1,666.8 4,339.5 283 18 99.0

UDH1032 7,065.2 1,667.0 4,340.2 306 28 107.9

UDH1033 7,062.7 1,667.4 4,337.7 244 -31 153.0

UDH1035 7,063.1 1,666.9 4,338.5 255 -5 122.7

UDH1036 7,064.4 1,666.9 4,338.7 282 -1 117.0

UDH1038 7,276.7 1,635.4 4,366.3 288 -16 71.7

UDH1039 7,026.9 1,720.3 4,333.7 240 -3 185.0

UDH1040 7,027.4 1,720.3 4,333.8 250 0 168.0

UDH1041 7,027.4 1,720.2 4,334.2 253 9 149.7

UDH1042 7,026.8 1,720.2 4,334.1 238 7 155.6

UDH1043 7,025.8 1,723.8 4,334.2 233 6 179.5

UDH1045 7,267.9 1,694.1 4,370.1 283 -16 138.0

UDH1048 7,266.8 1,694.1 4,369.6 252 -29 206.8

UDH1049 7,267.6 1,694.1 4,369.7 274 -28 176.8

UDH1052 7,266.7 1,696.2 4,369.6 275 -35 224.8

UDH1055 7,312.0 1,634.5 4,399.9 113 -80 37.6


21

UDH1056 7,312.0 1,635.0 4,399.9 145 -49 35.5

UDH1064 7,055.6 1,741.6 4,444.8 271 -34 119.6

UDH1065 7,087.2 1,730.8 4,443.4 269 -22 153.1

UDH1068 6,787.8 1,464.9 4,452.2 90 -8 290.6

UDH1069 6,787.5 1,464.7 4,452.2 95 -10 305.7

UDH1080 7,266.4 1,696.3 4,370.3 288 -14 132.8

UDH1081 7,266.7 1,696.3 4,370.3 297 -14 140.0

UDH1082 6,981.6 1,744.3 4,423.9 247 -24 134.5

UDH1083 6,982.2 1,744.5 4,424.1 264 -20 119.8

UDH1085 7,002.8 1,721.6 4,334.6 233 0 191.6

UDH1086 7,003.4 1,721.6 4,334.2 242 -10 188.6

UDH1087 7,002.0 1,721.5 4,334.0 222 -13 194.5

UDH1095 7,021.5 1,528.9 4,446.0 31 -83 234.0

UDH1096 7,020.0 1,527.5 4,446.0 183 -74 281.7

UDH1097A 6,787.7 1,464.0 4,450.9 91 -78 275.7

UDH1098 6,858.2 1,462.6 4,449.4 111 -78 272.9

UDH1099 6,572.1 1,475.3 4,459.3 64 -71 290.9

UDH1100 6,571.9 1,475.3 4,459.3 66 -75 335.9

UDH1101 6,571.3 1,475.9 4,460.5 90 -20 314.9

UDH1103 6,530.4 1,468.1 4,459.8 36 -76 326.8

UDH1104 6,530.1 1,468.5 4,459.8 59 -72 358.3

UDH1105A 6,529.7 1,469.7 4,461.1 88 -20 324.1

UDH1110 6,529.9 1,468.3 4,460.0 66 -81 381.0

UDH1113 6,572.3 1,475.2 4,459.2 55 -73 356.9

UDH1123 6,879.7 1,747.8 4,383.6 286 -64 153.0

Note: Collar azimuth is relative to Fosterville Mine Grid North

news release · news release tsx: crk 2 key intercepts and results reported include: new east...

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