Annual report for EL 7522, 12 December 1998 to 22 October 1999 and EL 7889, 6 January 1999 to 22 October 1999 and Final report for EL 7552, 12 December 1991 to 22 October 1999 and EL 7889, 6 January 1993 to 22 October 1999, Mount Ringwood Project

Abstract

Several areas within the tenements dysplay small zones of strong mineralisation - 2m@ 6.77 g/t Au ( RC drilling) and 13 g/t Au (soil sampling). Detailed aeromagnetics provided a much better understanding of the underlying geology and controls on the mineralisation. At North Ringwood prospect several previously identified geochemical anomalies have associated with magnetic highs. The area is considered to have a good potential to host small relatively high grade pods of gold mineralisation.