Second annual report for EL 8602, EL 9537, EL 9538, EL 9539, EL 9540, EL 9758 and EL 9761, 24 July 2001 to 23 July 2002, McFarlane Agreement

Abstract

The surface sampling and two drilling programs were conducted over Black Cat prospect located within the EL 8602. Significant intercepts include 12 m @2.3 g/t Au, 12m @ 2.4 g/t Au and 12m @ 1.05 g/t Au. Work on the rest of the exploration licences was limited to the 'worm' analysis for targets generation. Eight targets were selected for further investigation.