Axiom 2014 Annual Report - page 25

23
2014 Annual Report
Criteria
JORC Code explanation Commentary
Mineral
tenement and
land tenure
status
Type, reference name/
number, location and
ownership including
agreements or material
issues with third parties
such as joint ventures,
partnerships, overriding
royalties, native title
interests, historical sites,
wilderness or national park
and environmental settings.
The security of the tenure
held at the time of reporting
along with any known
impediments to obtaining a
licence to operate in the area.
ISABEL NICKEL PROJECT
Prospecting Licence 74/11 80% held by Axiom.
50-year land lease – 80% owned by Axiom.
The validity of both the prospecting licence and the leasehold was tested
and confirmed in a recent Solomon Islands High Court judgment.
The hearing for the appeal against this judgment is pending.
WEST GUADALCANAL PROJECT
Axiom Mining Limited wholly owns exploration licence PL-01/14 located
in the west of Guadalcanal Island, Solomon Islands.
No other agreements or material issues associated with the licence.
No impediments to access. Axiom has full access to the tenement under
a Surface Access Agreement sanctioned by the Ministry of Mines and
Rural Electrification.
Exploration
done by other
parties
Acknowledgment and
appraisal of exploration by
other parties.
ISABEL NICKEL PROJECT
––
INCO
––
Kaiser Engineers
WEST GUADALCANAL PROJECT
1954: Solomon Islands Geological Survey notes sulphides in Hoilava
catchment
1970: Carpentaria Exploration Company Pty Ltd (CEC). Six month stream
sediment and mapping program discovers altered and mineralised outcrop
and float in Hoilava catchment.
1986–1988: BHP Utah were the first company to target specifically epithermal
mineralisation. Identified anomalous gold values and sporadic zones of
siliceous, argillic and pyritic alteration in the headwaters of the Hoilava
catchment. Loosely identified Polo, Taho and Mt Tanjili areas.
Austpac Gold NL (and from 1998 in JV with Nuigini Mining through to 1990).
Trenching at Polo Creek returned 130m @ 0.58 g/t Au, including
10m @ 3.44 g/t Au.
1994–1998: Gualer Resources completed 100m spaced airborne magnetics
and radiometrics, which covers about half of the current project area. Soil
and trench sampled at Hoilava, the best results reported as being
37.6m @ 1.03 g/t Au.
Reporting of Exploration Results
1...,15,16,17,18,19,20,21,22,23,24 26,27,28,29,30,31,32,33,34,35,...116
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