Annual Report EL 28045 Southern Cross Bore Project 30 November 2011 to 29 November 2012

Abstract

During the past year exploration undertaken on the project area included an RC drilling program, a soil sampling program, metallurgical test work and mineralogical studies. The drilling program consisted of 8 RC drill holes that targeted the down dip-plunge gold-copper mineralisation at Johnnies Reward identified by Alcoa in 1984. The soil sampling program consisted of 18.5kms of line in two grids and a single test line over the Johnnies Reward Prospect. The one area gridded targeted a structural corridor running 1.4kms north of Johnnies Reward North the other tested a magnetic anomaly located about 2.3kms to the northwest of Johnnies Reward. A total of 393 soil samples were collected and analysed for gold, silver, arsenic, bismuth and copper. The metallurgical test work was conducted in order to establish if the gold mineralisation intersected in the drilling program was amenable to traditional CIP processing. The mineralogical study was undertaken for the purpose of quantitative mineralogical analyses of the mineralisation at Johnnies Reward.