Annual report on MLS 154 Dead Bullock Soak for the year to 11 February 1999

Abstract

Further deep diamond drilling of the Callie Wilson shoot continued, mainly along section 10300 E. Only one hole intersected significant wide mineralisation i.e.. DBD380D3 52 m at 5.34 g/t from 1045 m. At Colliwobble Ridge-Sleepy Hollow gold mineralisation occurring within the Schist Hills Iron Formation (SHIM) was tested at depths greater than 50 m to intersect the anitclinal structure. 26 RC holes and 3 diamond drill holes were completed with significant mineralisation obtained in most holes, i.e.. 23m at 4.29 g/t Au, 23m at 3.87 g/t Au, 20m at 4.49 g/t Au. At Mt Paddington 2 lines of RC holes were completed and confirmed the presence of anomalous gold mineralisation, best result was 26m at 1.52 g/t Au. Similarly Sequel Ridge was tested with 28 RAB holes along 4 section lines confirming the presence of narrow anomalous gold. A summary of resources at Callie is given as 2.865 million ounces to 690 m vertical depth. The reserve to 370 m is given as 644 000 ounces.