SeisNav Notes

As a disclaimer, I should state that what is posted here is purely my own interpretation of the data we have available to us. It is not to be taken as THE interpretation but it is one that fits the pieces of the puzzle together in a way that makes sense to me.  Some Background First, I think it's worth having a look at the topography of our licenses and the surrounding areas: The colour scale is white through to blue indicating high to low altitude. A couple of things jump out immediately;  Large scale faulting around the dome which is one of the main factors affecting the location of sulphide deposits, creating pathways for the migration of mineral rich brines. The nearby Sentinel and Enterprise deposits are on fault zones, as are most of Arcs major targets. The boundary of Arcs license areas is quite clearly defined in the topography, particularly in the south and east

These are the collated drilling assays from Cheyeza East, Fwiji and Muswema during the 2019-2020 drilling seasons. Drilling was only to maximum depth of 150m Cheyeza East Drill Assays: Hole ID From (m) To (m) Drill Width (m) Cu (%) State CHDDE001 35.80 39.74 3.94 0.72 CHDDE002 2.00 18.50 16.50 1.05 Incl. 18.50 27.24 8.74 1.70 27.24 27.80 0.56 13.34 and 43.50 52.00 8.50 0.41 CHDDE004 30.60 39.00 8.40 2.35 incl. 39.00 46.60 7.60 4.15 and 53.60 80.00 26.40 0.32 CHDDE005 18.60 47.10 15.50 1.32 incl. 26.20 39.20 13.00 2.31 and 59.60 67.10 7.50 0.30 CHDDE006 15.30 35.00 13.90 0.59 incl. 27.70 33.50 5.80 1.00 and 54.50 61.00 6.50 0.36 CHDDE007 18.90 20.90 2.00 0.32 69.40 80.40 7.10 0.75 incl. 72.10 76.00 3.90 1.42 CHDDE008 3.40 16.90 13.50 0.30 72.30 79.40 7.10 0.31 CHDDE009 11.90 20.90 4.00 0.63 incl. 14.90 19.90 5.00 0.92 and 24.90 26.90 2.00 0.23 and 32.90 35.90 3.00 0.36 CHDDE010 8.27 14.50 6.23 0.26 21.00 23.15 2.15 0.22 42.68 48.50 3.57 0.51 incl. 44.75 47.00 2.25 0.79 CHDDE011 No Miner