EL 7769 Paqualin Project Area 1995-1996 Annual exploration report to 24 June 1996

Abstract

144-6mm soil samples were collected. This sampling at 2000x1000m Au-As soil anomaly which corresponds to the old Bons Rush Alluvial Deposit. In addition to this regional work, prospect scale work was completed at Kazi, Santorini and Hhaca. At Kazi this work included 32 rock chip samples, 176(1119m) RAB, 71RC(7134m) and 5 diamond drill holes. RAB drilling a new area of mineralisation to the west of Kazi and continuations to the south. RC drilling has outlined mineralisation to the north, offset to the east. The drilling at Santorini outlined significant if low grade results defining continuations along strike and down dip.