Peccadillo annual report EL 8576, 8727, 8932, 8980 and 9476, 17th February 2000 to 16th February 2001

Abstract

Work completed included surface sampling, posthole and RAB drilling programs. Soil sampling at Maximus returned results of 872,712,356,237 ppb Au. The NNE trending anomaly was further defined over strike length of approximately 1.5 km. A regional sampling within EL 8932 produced a NW trending anomaly in the northwestern corner of the grid with of 0.5, 0.6 and 0.7 ppb Au. Infill sampling outlined an anomaly trending northsouth that is coincident with the change between a magnetic high and magnetic low. Results from sampling at Little Pecca were disappointing. Results from RAB drilling were disappointing, as the significant intercepts were generally low grade and narrow. The broad zone of mineralisation intercepted in PCRB013, 8m @ 2.28 g/t Au was not continuos along strike.. Rock chip samples were collected in EL8932 and the highest values were: 1.2 g/t Au, 2.9 g/t Au and 83 g/t Au.