Combined annual report for MCCs 798, 801, 802, 805, 806, 888 to 895

Abstract

During this period gravity surveys, vacuum and RC percussion drilling programmes were undertaken in the licence areas. Within MCC0798 (Ivanhoe), 33 vacuum drill holes totalling 440m intersected the expected Cu-Au anomalism with a peak assay of 45ppb Au. Within MCC0802 (Explorer 104-Zindafel) the gravity survey highlighted several east-west trending highs, the most westerly off set by a NE striking fault. A Cu-Au-Bi anomaly highlighted by the vacuum drill programme (peak 1-57g-t Au) is associated with one of these gravity highs. 9 RC percussion drill holes tested MCC0805 (Explorer 219) and MCC0806 (Juiblee Mine). The results were disappointing down grading the potential of a readily accessible open cut resource within the old workings. There is untested potential down dip and along strike in the area. A maximum assay of 2.1g-t Au from drilling was returned from JUR006 over a true width of 2.5m. 372 vacuum drill holes were drilled in 7 N-S lines within MCC's 0888-0895 (Explorer 26-Hermitage) the results from which reflected known mineralisation as well as highlighting other areas requiring follow up