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Vital Metals Ltd.

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Summary

Project:

Bouli

Deposit:Bella Tondi
Location:Niger
Commodities:Gold
Date:9/13/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:13-9-2018: Vital Metals Ltd. announces an Exploration/Drilling Update report for its Bella Tondi deposit at the Bouli project. Drilling results incl. 10.3m @ 1.12g/t Au from 134.7m . Vital Metals Limited (Vital or the Company) advises that final assay res
Resources:x
CP/QP:[Overall Report]: Mark Strizek (Internal)
ABSTRACT:Vital Metals Limited (Vital or the Company) advises that final assay results for seven diamond drill hole tails have been received. These holes were part of a 13-diamond drill hole program for 2,625m completed at the Bella Tondi prospect, Niger. The diamond drill program has extended the limits of known gold mineralisation at depth with better high grade gold results from the maiden DD drill program at Bella Tondi including; Significant intersections from diamond core samples are summarised in Table 1. A plan of the drilling is presented in Figure 2 with a cross-section in Figure 3. Drill collar details can be found in Table 2. Gold mineralisation at Bella Tondi is shear zone hosted and runs roughly N-S and is a steeply east dripping near the contact between shallow mafic intrusives (west) and marine sediments (east). The shear zone displays dextral displacement by roughly 100m in the centre of the prospect, dividing it into a northern and a southern part. Gold mineralisation occurs within highly sheared zones in the broader Bella Tondi shear zone with best grades and native gold occurring in black smoky (greyish) quartz veins. The deepest gold mineralisation drilling intercept reported lies 200m below surface. Gold mineralisation remains open at depth and along strike. Associated minerals occurring with gold mineralisation are pyrite, pyrrhotite, arsenopyrite, hematite and possibly argentopyrite

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