MLN's 875-877 incl and 883 (Star of the North) summary report for the period 1 January 2004 - 31 December 2007

Abstract

ML N's 875, 876, 877 AND 883 were granted on 14 March 2001 and expire on 31 December 2020. The tenements were transferred from Corporate Developments Pty Ltd to The Australian Land Company in 2006. The three tenements total 31.6 ha. Old workings are located on a 150 m long NE trending pyrite rich quartz lode exposed on a low rise in an area of poor outcrop. Pan d'Or previously obtained a best value of 0.2 m at 22.5 g/t Au from a diamond drill hole. Costeans with values up to 2.9 g/t Au were followed up with RC drill holes achieving encouraging results of up to 4 m at 2.4 g/t Au.