Annual report on mineral tenement EL 27965

Abstract

During our fieldwork in March 2015, 23 rock samples were collected and analysed. Samples SIV1-06 and SIV1-07 returned a relatively high level of gold and copper mineralisation, with 0.23 ppm and 0.41 ppm for gold, and 208ppm and 738ppm in copper respectively. Sample SIV2-02 returned a high level of lead mineralisation (Pb, 1.79%). All four samples from the Silver Valley 3 Area east-west vein were mineralised, with two of the four samples assaying 2.95% and 3.18% lead respectively. The other two samples also returned relatively high level of lead mineralisation 1610ppm and 4250ppm respectively. Iron mineralisation also exists in several samples although its grade is not at significant level. Based on the exploration results we have obtained, we have decided to surrender this exploration licence. This will allow us to concentrate on our exploration work in other projects, and also give other companies opportunity to continue doing further work in this area.