Annual exploration report for EL 23532 Mount Ringwood, for the period ending 12 February 2007

Abstract

EL 23532 encloses the North Ringwood, Ringwood and South Ringwood workings that comprise small shafts and pits over a 6km length. During the current reporting period, historical drilling information was entered into DataShed and validated. A review of previous data was undertaken, and appraisals of areas indicated that it may contain further gold mineralisation. In the area, mineralisation is hosted by isoclinally folded and heavily cleaved greywacke and slates of the Burrell Creek Formation, which strikes 330-350(o) and dips sub-vertically. Gold mineralisation is generally found in saddle reefs in anticlinal closures (North Ringwood), fissure veins in N-S shear zones (South Ringwood), bedding parallel veins, and Stock-works (pelican prospect). Gold is associated with minor sulphides in quartz veins.