Annual report on EL 8555, 6 April 1998 to 5 April 1999

Abstract

Twenty-one rock chip samples were taken in the NW of the licence. Three results were obtained of significance, the highest being 4.24 g/t Au with As anomalism. Eleven lines of channel rock sampling were completed with anomalism obtained but no economic intersections, ie 23m @ 0.34 g/t Au; 28m @ 0.31 g/t Au. Infill soil sampling was completed and indicated anomalous gold for a strike length of 600m, with the highest value being 510 ppb Au with associate low order arsenic. Fourteen RC holes were completed, ten at the Low Chinese prospects. Results indicate the mineralisation is narrow and of sub economic tenor, ie 1m @ 2.71 g/t Au. Four holes were drilled at Moline North with narrow gold intersections made, ie 1m @ 2.83 g/t/Au. In addition, one hole intersected 1m @ 7.16% Zn.