Annual exploration report, Elizabeth Group MCN 506, MCN 507, MCN 734, MCN 735, MCN 738, MLN 135, MLN 779, MLN 780, MLN 822, MLN 856, year ending 31 December 2004

Abstract

The Burnside Joint Venture purchased the Union Reef mill and project tenements in August 2004. In the four months since then work has been focused on reporting and data review. It would appear from the available data that the Elizabeth group of tenements promise low tonnages of mineralisation, hosted by narrow shear systems and confined to erratic plunging shoots. In view of this, and subject to field inspection, the Elizabeth Group been assigned a low priority in terms of opportunities to supply gold ores to the Union Reefs mill.