Westminster Project Annual Report for the period 1 January 2014 to 31 December 2014 MLC 511

Abstract

Exploration activities during the reporting period have included: detailed prospect structural interpretation and mapping, plus drill site rehabilitation. This work has further confirmed the potential for MLC 511 to host significant gold and base metal ore grade mineralisation. Field mapping indicated that the alignment of the targeted ore zone within MLC 511, along a strike of 083 degree is crosscut and enriched by shearing structures having an East-West orientation Mapped structures define positions within a three dimensional space that regional deformation events interact. The interpreted interaction zones are seen as places for potential ironstone hosted high grade gold mineralisation. Three potential mineralised lenses have been identified within MLC 511 and a further 4 lenses of mineralisation have been identified that extend into A 25952. Each lens is considered to constitute a stacked series of mineralised ironstone ore pods. Drilling completed in 2012 confirmed the presence of ore grade gold mineralization along two separate ironstone pods. Drilling along zones of ironstone mineralisation has interpreted to be the down plunge extension of the mineralisation of the historical Wheal Doria workings. A lower zone was also identified and lies below the historical workings and is associated with strong carbonate zones of alteration.