Acacia resources limited Pine Creek Group of tenements EL's 9468 and 9552 second group annual report for the years ended: 2nd september 1998 (EL 9468)and 20th October 1998 (EL 9552). Harriet Creek and Ragamuffin

Abstract

A revised geophysical interpretation was completed. Within EL9468, 85 auger soil samples were collected at 50m spacing along line 400 metres apart. Results were low with the highest target being 8ppb Au. In EL9552 infill vacuum drilling was completed, with anomalism obtained that can be broadly correlated with previous sample results. Some isolated high results were obtained ie. 915, 295, 170, 165, 135 and 115ppb Au however numerous values greater than 20ppb Au are indicated. Some costeaning was attempted, however 2-3 metres transported cover was deemed excessive, hence this was aborted. 8.75 line kilometre spacing.