EL 23605 Report for the first year of tenure ending 19 March 2004

Abstract

During the reporting period, a review of the previous exploration data was undertaken. An average grade of 0.51 g/t gold across a width of 15 was identified at High Chinese prospect. Other less defined zones of gold mineralisation were also identified. Similarly, at Paw Paw prospect some low grade patchy gold mineralisation was also delineated during drilling program conducted by Compass Resources. Coarse gold in the form of slugs, small nuggets and gold-quartz specimens were discovered during prospecting by a metal detector. Geology of the area indicates the likelihood of three main northwest-trending zones of auriferous quartz veining.