Termination report on MCN 5006, MCN 5007, MCN 5008 and MCN 5013, July 2004

Abstract

This group of mineral claims no's. 5006, 5007, 5008, and 5013 were granted to Markaranka Selected Seed Co. Pty. Limited ACN 007 615 018 - 60%; William Andrew Jettner - 30%; and William Rex Jettner - 10%, on 4 January, 1995, for a term of six years. These four tenements were transferred to Agricola Gold Ltd. ACN 071 888 634 on 3 February, 1997. These tenements were renewed on the 4 March, 2002. The same tenements were surrendered in March, 2004. Previous exploration in this area was conducted by Western Mining Corporation as operator of the Mt. Ringwood Joint Venture, which owned and operated the Goodall Gold Mine nearby to the east of these tenements. The work done over this area by WMC consisted of helicopter reconnaissance and rock chip sampling, followed by broad spaced soil sampling, some of which was included over these tenement areas. This work was done as part of a regional program that lasted seven years and resulted in the discovery of the Goodall Gold Mine and amongst other prospects B1 and B2 on these tenements. Following an extensive study of WMC exploration details and reports within this region and discussion with several personnel involved with the area, the site of prospect B1 were re-established. Following a series of rock chip sampling and panning numerous samples of the tenements, determined the sites of prospects B2, B4 and B5. Prospect B1 is outside the tenements being surrendered. Very few samples indicated a high enough grade to warrant further drilling. The area near 8200N and 6200E indicated a very small prospect.