Exploration retention licence 147, Edna Beryl, third annual report 13 March 1998 - 12 March 1999

Abstract

Feasibility studies of the Edna Beryl Eastern Shoot are ongoing. A sample of gold bearing waste was tested by a Siroll Mill, however it was observed that the accelerator blocks within the jaw crusher had a high rate of wear, hence the mill was found to be inefficient. Mine design and quotes for mining are currently underway, also additional equipment procurement is being completed. At Edna Beryl three coreholes were completed with hole EBRD5 intersecting 2.05m @ 123.9 g/t Au, with 2 other holes intersecting marginal ore. Magnetic modelling was completed at the Milligal, Thrace, Macedon and Olympus prospects. These were subsequently RC drilled with poor results obtained.