Summary report on gold properties belonging to New Wandie Mines (NT).

Abstract

The elluvials at Wandie cover approximately 650 000 square meters with an in-situ volume of treatable gravel of IM cubic meters with an estimated grade of 0.5g-cu m gold. The elluvials at Saunders Rush cover approximately 15000 square meters with an estimated in-situ volume of treatable gravel of 25 000 cu m. In addition to the elluvials there are alluvials of approximately 25000 square meters with an indicated in-situ volume of 50000 cu m with a possible 100000 cu m downstream with a possible grade of 1.6g-cu m gold. Elluvials at Brilliant cover an area of 20000 square meters with a volume of approximately 10 000 cu m. Pit assays averaged 2g-cu m. The potential here is only low volume. Tailings at Driffield have been estimated at 8000 cu m. The reef workings aggregate 600 m in length by 30m wide with grades obtained from trenching of 0.8 to 1.5g -cu m.