Annual technical report for EL 28857 Second Chance, Allamber Project for the period 24 February 2012 to 23 February 2013

Abstract

During the period under review, significant on-ground works were undertaken in EL 28857 including geological reconnaissance and mapping, rock chip sampling (2), soil sampling (125), ground magnetic surveys (114.5 line km) and RC drilling (12 holes, 949m). Activities completed in EL 28857 formed part of significant works targeting the contact between Allamber Springs Granite and metasediments of the Masson Formation, in this and adjacent titles, for skarn-type mineralisation. The discovery of significant sulphide mineralisation in the forms of; i) a laminated quartz-pyrrhotite-pyrite-chalcopyrite vein or lode (Tarpon Lode) and ii) a number of narrow quartz-sulphide veins (the Herringbone Lodes) within granite in EL 28857 has presented a new type of exploration target, and significantly enhanced the prospectivity of all adjacent titles.