Annual exploration report for EL 23270 Woolwonga North year ending 19 February 2009

Abstract

In 2008-09, a technical review of the previous year's exploration data was undertaken, which indicated that air core drilling may not have drilled deep enough to intersect prospective horizons in the project area. It appears drilling campaign was sparse and shallow in nature. A new approach should be adapted with more emphasis on the presence of magnetic highs and lows in the project area. For effective exploration program, detailed ground geophysical data should be obtained in order to define magnetic highs and lows accurately. Areas of the prospective geology should be mapped in details, and RC drilling should be used to target the basement lithologies at depth. Samples retrieved during drilling will be assayed for gold and base metals.