Ammended NI 43-101 Technical Report on the Biely ... - EMED Mining

EMED Mining - Biely VrchNovember 20<strong>101</strong>1.0 EXPLORATIONThe Slovak Geological Survey had mapped the hydrothermal alteration at Biely Vrch and their rockchipsampling of outcropping quartz veinlets yielded geochemically anomalous gold values up to amaximum of 1.1 g/t Au (Konecny et al 2002).The exploration potential of Biely Vrch was brought to the attention of EMED in 2005 and followingthe granting of the Detva Exploration Licence (in which the Biely Vrch deposit is located) in 2006,EMED carried out;- A soil sampling survey on a 200 m x 100 m grid spacing revealed a north-southtrending gold anomaly 400 m in length and 200 m in width at >100 ppb Au (max 456ppb Au). The geochemical anomaly was coincident with: An Induced Polarisation (“IP”) chargeability anomaly immediately to the west of thecentral quartz-kaolinite alteration zone, which may be due to pyrite – pyrrhotitemineralisation along a western boundary fault (Figure 9), and A Magnetic anomaly to the east of the central quartz-kaolinite alteration zone thatmay be due to magnetite mineralisation along an eastern boundary fault or related tothe tonalite intrusion(s).Figure 8Surface Expression of the Biely Vrch Gold DepositFour exploration drill holes were completed in 2006. Hole DVE1, the discovery hole, returned 108 mat 1.26 g/t Au from surface and DVE4 returned 252 m at 1.21 g/t Au from surface. A further 13 holes(DVE5 to DVE17) were completed in 2007, all of which intersected mineralisation. In 2008, afurther 18 holes (DVE 27 to DVE 44) were drilled at the Biely Vrch prospect at a 100 m x 100 m gridspacing over the mineralised area.Another 9 drill holes (DVE 18 – 26) tested the halo around the Biely Vrch intrusive searching forextensions or repetitions of the mineralisation with negative results.In 2009, a geostatistical analysis of the exploratory drilling was undertaken, a geological block modelwas prepared and the block model classified into Indicated and Inferred mineral resource categories.This was used as the basis for defining a potentially economic open-pit mine and a preliminary cut-offgrade, in order to produce a JORC compliant resource estimate (Snowden, 2009).<strong>NI</strong><strong>43</strong> – <strong>101</strong> <strong>Technical</strong> <strong>Report</strong> 19 BEHRE DOLBEARLegal*5650400.1