March 31, 2006 A RAB drilling program is planned to commence in the June quarter.
June 30, 2005 Completed a program of RAB drilling and aircore drilling. The recent drilling intersected a variably altered and quartz veined sequence of mafic and ultramafic rocks overlain by a blanket of laterite up to 10m in thickness. The drilling identified anomalous gold values within the laterite in a NW-trending zone, toward the Emu Well prospect, potentially in excess of 1km in length with a best intercept of 4m at 1.3g/t Au from 4m. Other significant intercepts are summarized in Pa302949.PDF p. 16.
Anomalous bedrock intercepts at Emu Well include 4m at 0.9g/t Au from 42m and 4m at 0.4g/t Au from 20m. In addition anomalous gold in bedrock was intersected at the Fenceline prospect (12m at 0.5g/t Au from 44m).
A shallow geochemical drilling program was carried out to follow up the anomalous Au in laterite. The drilling defined four anomalous Au zones in laterite (plus 0.1g/t Au, maximum value 2.07g/t Au) at Emu Well over a cumulative strike length of 700m. It is apparent that much of the laterite anomalies at Emu Well have not been tested and a RAB drilling programme to test these targets is being planned. Details refer to Pa302949.PDF p.17.