Annual report for MLS 154 Dead Bullock Soak for the year to 11 February 2002

Abstract

Exploration continues to increase the gold resources at the Dead Bullock lease. The greater part of this additional mineralisation is contained in the down plunge extension of the Wilson Shoot at the Callie deposit, where high grade drill intersections show continuity of mineralisation. Exploration drilling targets including West of Soolin, Manganiferous Cherts, Madigan Beds and Fumerole were also tested. Minor shallow diamond drilling completed to assist with the design of the proposed vent shaft. A deep drilling program was undertaken to test the down plunge extension of Colliwobble pit mineralisation. The best intersections include 8m at 15.5 g/t Au, 2m at 53.9 g/t Au and 17 m at 3.2 g/t Au. Work will continue to define status of the Callie deep mineralisation to the east and the Kerril South mineralisation.