Third annual report on EL 9431 for the period 13-05-98 to 12-05-99

Abstract

The assay results for the RC drilling completed in the previous year of tenure are submitted in this report. Results did not exceed background values with Au peaking at 6 ppb and Cu at 38 ppm. Another three RC holes were drilled during the reporting period targetting magnetic anomalies. The hole, BTRC 005 drilled into the Snooker prospect, returned 3m @ 0.39 g/t Au from 345m. The 3m interval was resampled at 1m intervals and results came back at below detection for gold. It is assumed that the original anomalous results are due to laboratory error. The other two holes returned either slightly anopmalous (to 0.03g/t Au) or non anomalous assays.