Annual report on the Mount Todd Project Area for the period 5 March 1993 to 4 March 1994

Abstract

At Batman 31 RC holes (2461m) and 10 diamond holes incorporating 1,194m percussion precollar and 3,599m of core were completed. The diamond drilling was undertake to determine depth continuation for mineralisation. The results were encouraging and indicated a southerly plunge to the mineralisation. A RAB drill program (158 holes totalling 4,445m) was completed at the Delta Prospect. This work outlined 2 sub parallel mineralised NNE trending structures separated by some 350m, with a strike length of 600m. Follow up RC drilling proved disappointing. A new resource calculation was completed defining a total resource of 92.87Mt at 1.4g-t Au.