Annual report, period ending 6 December 2012

Abstract

In this reporting period a selective campaign of rock chip sampling was undertaken to determine the presence of mineralised outcrop. MC 27986 is underlain by sediments of the Burrell Creek Formation with extensive Quaternary cover. The succession is primarily composed of a greywacke siltstone sequence, with subordinate mudstones and quartzite. Mineralisation is structurally controlled within faulting and anticlinal folding and it is within these structures that sampling was concentrated. A total of 41 rock chip samples were selected for Au analysis, of which 23 of these were assayed for Pt, Pd and Ag, with LGGS0037 assaying at 34.6 g/t. The LGGS0037 sample was selected from an approximately 40cm thick flat lying iron rich quartz vein, outcropping in what is interpreted to be a faulted anticlinal structure of Burrell Creek Greywacke. The rock chip assay results warrant further work on MC 27986.