Combined annual report for EL 4578 and EL 4773

Abstract

8 auriferous prospects have been identified along a north-south trending contour of tight folds. The gold mineralisation is hosted by weakly sulphidic banded chert mudstone sequences with minor thin quartz veining in the Mount Bonnie Formation. The dominant mineralised quartz direction is 350 degrees-20 degrees dipping 20-40 degrees east. Quartz saddle reefs occur locally, notably in the Rustlers Roost prospect. There are 4 mineralised chert sequences separated by greywacke sequences. 1527m of RC drilling in 27 holes at Beef Bucket and Sweat Ridge were completed. Drilling to date has outlined 4 085 972 tonnes at 1.64 grams per tonne gold. Structural features reported include: Sweat Ridge anticline.