Final Report for SEL 7984 Elizabeth for the period ending 28 April 1998

Abstract

SEL 7984, is part of the Elizabeth Project, which also includes MCN 506, MCN 507, MCN 734, MCN 735, MCN 738, MLN 135, MLN 779, MLN 780 and MLN 822, expired on the 28 April 1999. The area covered by the lease was incorporated into the Pioneer application, SEL(A) 10341 on 13 January 1999. Acacia previously operated the tenement under an option agreement with RM Biddlecombe until 26 February 1996, when Acacia exercised the right to purchase the licences, obtaining full ownership. This report details all exploration activities undertaken within 5EL 7984 by Acacia Resources between 29 April 1993 and 28 April 1999. The entire lease has been grid soil sampled. Costean and RC drilling has been focused on the area of the Elizabeth mine workings in the northwest corner of the lease, and the First Bite prospect in the northeast area of the lease.