Microsoft Word - EPM12119_Annual_Report_Jan_09.doc · Web viewAs it was the original lease for the project, EPM 12119 was granted for three years on 11 February 2004. An application

EBAGOOLA GOLD MINES PTY LTD

EPM 12119

5TH ANNUAL REPORT

FOR THE PERIOD ENDING 12TH FEBRUARY 2009

Submitted By

Gulf Mines Limited

31 Hargreaves Street

Edmonton

QLD 4869

Telephone +61 7 4045 0533

Facsimile +61 7 4045 0544

Compiled: Ian Cook

Date: 12 March 2009

Ebagoola Gold Mines Pty Ltd 5th Annual Report EPM 12119

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ACKNOWLEDGMENT AND WARRANTY

1. Subject to 2, the tenure holder acknowledges that this Report, including the material, information and data incorporated in it, has been made under the direction or control of the State of Queensland (the State) within the meaning of section 176 of the Copyright Act 1968 (Cwth).

2. To the extent that copyright in any material included in this Report is not owned by the State, the tenure holder warrants that it has the full legal right and authority to grant, and does hereby grant, to the State, subject to any confidentiality obligation undertaken by the State, the right to do (including to authorize any other person to do) any act in the copyright, including to:

use; reproduce; publish; and communicate in electronic form to the public, such material, including any data and

information included in the material.

3. Without limiting the scope of 1 and 2 above, the tenure holder warrants that all relevant authorizations and consents have been obtained for all acts referred to in 1 and 2 above, to ensure that the doing of any of the acts is not unauthorized with the meaning of section 29(6) of the Copyright Act (Cwth).


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TABLE OF CONTENTS

INTRODUCTION 5

TENEMENT DETAILS 5

LOCATION AND ACCESS 5

REGIONAL GEOLOGY 8

EXPLORATION CONDUCTED INTRODUCTION 10

RESULTS 10

Diamond Drilling 10

IP Survey 13

Geological Mapping 14

Rock chip Sampling 14

Soil Sampling 16Scintillometer 16

Soil Survey 16

Stream Sediment Sampling 16

PROPOSED EXPLORATION 19

EXPENDITURE 19

APPENDICES 20

LIST OF TABLES

Table 1 Tenement Details 5

Table 2 Drill Hole Locations 12

Table 3 Location of IP Lines 13

Table 4 Significant Rock chip samples 15

Table 5 Stream Sediment Samples 17


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LIST OF FIGURES

Figure 1

Figure 2

Location Plan EPM12119

Regional geology, location map and constituent

7

tenements of the Ebagoola project. 9

Figure 3 Drill Hole Locations 11

Figure 4 Stream Sediment Locations 18

Appendices

Appendix 1: Rock chip sample locations, descriptions and grades for EPM12119

Appendix 2: Stream sediment sample locations and grades for the program on EPM12119

Appendix 3: Location and grades for Soil samples collected over EPM12119

Appendix 4: Scintillometer sample locations over EPM12119.

Appendix 5: Drill Hole Logs and assay results.

Appendix 6: Planetary Geophysics Pty Ltd – Geophysical Surveys at Ebagoola North Queensland, Australia August – October 2008.


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INTRODUCTION

EPM12119 is towards the north of a contiguous block of five exploration leases currently held or operated Gulf Mines Ltd between Musgrave and Coen on the Cape York Peninsula in Far North Queensland. It is almost completely surrounded by EPM15369, which is also operated by Gulf Mines Ltd. These leases are operated as one project, named the Ebagoola Project, as they cover one extensive gold mineralizing system. Reports for each individual lease are submitted separately. The historical Hamilton and Yarraden Goldfields, as well as isolated mineral occurrences, fall within the project area. The Hamilton Goldfield entirely falls within this lease

As it was the original lease for the project, EPM 12119 was granted for three years on 11 February 2004. An application to renew this tenement was submitted on the 10 January 2007 and was granted on the 13 June 2008 and backdated to the 11 February 2007.

Mr Glensk, the original owner of EPM 12119, entered into an option agreement with Gulf Mines Limited on 24th November 2005 whereby Gulf Mines Limited could purchase EPM 12119 and the three enclosed mining leases (listed below). Gulf Mines assigned all its legal and equitable interest in EPM 12119 and the three mining leases to Ebagoola Gold Mines Pty Ltd, which is a wholly owned subsidiary of Gulf Mines Limited, on 15th March 2006.

The three leases are combined into one project (PJ 40057) known as “Golden Sword”. The locations of these leases and EPM 12119 are shown on Figure1. The period of the option agreement was three years. During this period Gulf Mines Limited completed subsurface “hard rock” exploration, while Mr Glensk was free to continue his surface exploration for elluvial and alluvial gold occurrences. Gulf Mines Limited exercised the option on 25th June 2006. The company will apply to the Mines Department to register the change in ownership when the EPM is renewed.

Exploration under this agreement in previous years has entailed a literature review of the open file reports of previous explorers; mapping and rock chip sampling of historical workings; systematic soil sampling in the vicinity of a number of old prospects; and an airborne-radiometric and aeromagnetic survey. Since the listing of Gulf Mines Ltd in mid 2007, exploration has continued with greater intensity. Diamond drilling and IP geophysical surveys have been conducted along with less costly methods.


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TENEMENT DETAILS

LICENCE APPLICATION GRANTED EXPIRES BLOCKS AREA (km2)EPM 12119 2 Jan 1998 11 Feb 2004 10 Feb

200720 66.55

EPM 12119Renewal

10 Jan 2007 13 June 2008 10 Feb2012

20 66.55

BIM/Block Sub-BlocksMITC 2008 LMN QRS

VWXMITC 2080 BCD GHY NO

STUTable 1: Tenement Details.

LOCATION AND ACCESS

The tenement is situated approximately 50 kilometers south of Coen on Cape York Peninsula, within the area of the Hamilton Goldfield. Access to the area is provided by the Peninsula Development Road and then via tracks belonging to Yarraden Station. A small proportion of the southern end of the lease is within Bamboo Station. The EPM is situated in tropical savannah with low hills and intermittent creeks. Vegetation consists mainly of patchwork of bloodwoods, stringy barks, boxes, melaleucas, and other eucalypts while the undergrowth consists of cycads, palms, grass-trees, wattles, grevilleas, banksias and grasses. Isolated fruit trees (Mango and Tamarind) give evidence of previous human habitation. The land is suitable for light grazing and is classified as Class VII for the purposes of an environmental overview management strategy (EMOS).


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Figure1: Location Plan EPM 12119


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REGIONAL GEOLOGY

The Ebagoola project lies within the Coen Inlier, a north trending belt of Proterozoic Metasediments intruded by Late Silurian to Early Devonian granitoids of the Cape York Peninsula Batholith. In the Ebagoola region, a belt of metasediments, the Coen Metamorphic Group, trends approximately north-west. It is composed of a sequence of schists, quartzites, amphibolites, and gneisses with varying proportions of biotite, muscovite, quartz, garnet, and sillimanite. A north-south belt of granitoids, the Flyspeck Supersuite is found to the south and immediately to the west of the belt of Coen Metamorphics. It is composed of granites, monzogranites, granodiorites, and tonalite. Flanking both is the Kintore Supersuite of granitods, composed of granite to leucogranite.

To the west and southwest of the Kintore Supersuite is a large belt of metamorphics from the Holroyd Metamorphic Group, slightly older than the Coen Metamorphic Group. It is not found within any of these tenements.

Sub parallel to and partly within the belt of Coen Metamorphics is the Ebagoola (or Tadpole) shear, a major and long lived structure which forms one of the controls on mineralization.The Spion Kop Fault is a north trending fault largely seen within the Flyspeck Supersuite. It also forms a control on mineralization, hosting a mineralized plug, and geographical feature, known as Spion Kop. It is therefore of primary interest to this lease, especially as the historically productive Yarraden Goldfield also appears to lie on the fault. Other lesser faults, such as the Nappabina fault, may have some relation to mineralization.

High level Permo-Carboniferous dykes of rhyolitic, andesitic, and occasionally basaltic composition occur throughout the project area. These dykes tend to follow the dominant regional structures. In the south of the project area, they form a broad, north east trending linear zone, known as the Flying Fox Lapunya Zone. Along the Ebagoola Shear and Spion Kop Fault, the dykes trend approximately northwest and north respectively.

In the Hamilton and Yarraden Goldfields, within EPM12119 and EPM15369 respectively, gold mineralization is hosted in fissure filling quartz veins and stockworks in and near the Ebagoola shear and Spion Kop Fault. They are multiple-veined with solid quartz lenses in places. In others irregular fissure fillings surrounded by weakly sheared country rock. Veins are massive, laminated with open space, cockscomb rosette quartz, crack-seal style, brecciated with angular country rock fragments. Cloudy areas of very fine grained arsenopyrite and pyrite are present, and correlate with gold mineralization, although not necessarily with high grade. At Spion Kop itself, mineralization is a little different, and is hosted in silicified brecciated volcanic material.

The gold reefs were mined selectively and range from 0.3m to 1.5m thick within vein systems, the largest being Ebagoola 4000m, Golden King 900m, and Savannah 250m in length. In the past over 20 reefs were being worked simultaneously with principle producers being Caledonia (3279 ozs gold), Hamilton King (3649 ozs gold), May Queen (2572 ozs gold), and Lukin King (2058 ozs gold) in the Yarraden area. Maximum depth of workings was 65m. Fineness varied from Au:Ag 3:1 to 1:6 (electrum). Coarse nugget gold is a feature of the field, although fine-grained gold is recorded.


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Figure 2: Regional geology, location map and constituent tenements of the Ebagoola project.


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EXPLORATION CONDUCTED

INTRODUCTION

Exploration for the period involved diamond drilling, induced polarization (IP)/resistivity ground geophysical surveys, reconnaissance/structural geological mapping, rock chip sampling, soil sampling, ground scintillometer surveying, and stream sediment sampling. The Ebagoola shear is the principle control on mineralization in this lease, with a subtle contribution from the almost N-S trending shear zone related to the Spion Kop fault. Drilling focused on IP anomalies (generated in 2007) situated along the former structure, while the IP survey investigated a number of mineralized zones also related to that shear.

Results

Diamond Drilling

Twelve “full” holes were drilled during the year, and one aborted hole that reached a depth of about 12m. Following on from the numbering system of last year, these were given the numbers EBD08009 to EBD08020, with EBD08013A and EBD08013B being the aborted and completed holes respectively, on the same pad. Total diamond drilling for the year was 1188.4m, all HQ core size. Details of drill holes drilled in current field season can be seen in Table 2. After geological logging, the core was cut in half using a diamond impregnated core saw. One half was sent for assaying, and the other retained for future use. The sample intervals were based on the visible geology. Thicker geological units were often subdivided into 1m splits, such that sample sizes ranged from 0.5-1.5m, based on geology. Full Drill Logs can be seen in Appendix 5. Drill hole locations can be seen in figure 3.

The holes were generally situated to test IP anomalies. Prospect areas drilled were Queenslander, Queenslander North, Last Hit, and Marks Reef. Mineralization was often encountered, but was at best mediocre. Arguably the most encouraging was found at the end of EBD08015. Designed as a scissor hole to test the Queenslander North vein from the opposite direction to NND07001 (previous years drilling), it was drilled to a depth of 116.5m with the last 5.5m in mineralization. An intersection of 4.4m at 1.48ppm Au from 110.9m was calculated. Unfortunately the hole was halted too early, but there was indication to suggest that grossly, the vein was dipping in the same direction as drilling (which would have lead to an unnaturally wide apparent intersection).

Apart from the grades in EBD08015, best intersections were 0.5m at 4.09ppm Au from 84.2m in EBD08020, and 0.9m at 2.46ppm Au from 19.6m in EBD08016. The quartz vein at Marks Reef produced the former grade, and other came from the vicinity of Last Hit. Some of the drilling at Queenslander intersected the known vein system, resulting in a number of grades a little below 1ppm Au.

Although sometimes weakly mineralized, the strong IP anomalies were found to be a poor predictor of gold mineralization. Carbonaceous shearing was the dominant cause of the IP affect, and swamps the weak influence from potentially mineralization related pyrite.


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Figure 3: Drill hole Locations


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Hole ID East North RL Dip Azimuth Depth

EBD08009 747219mE 8413379mN 230 -60 270 126

EBD08010 747102mE 8413174mN 245 -50 278 147

EBD08011 747000mE 8413041mN 241 -50 266 90

EBD08012 747013mE 8412988mN 245 -52 269 84

EBD08013A 746771mE 8412979mN 234 -60 90 12

EBD08013B 746770mE 8412979mN 234 -60 271 78

EBD08014 747236mE 8412975mN 235 -59 270 94

EBD08015 746992mE 8413818mN 252 -51 90 117

EBD08016 745071mE 8414122mN 238 -60 271 75

EBD08017 745219mE 8413993mN 227 -60 269 75

EBD08018 743177mE 8416297mN 244 -50 270 75

EBD08019 742990mE 8416249mN 234 -49 91 75

EBD08020 742950mE 846547mN 233 -49 92 142

Table 2 – Drill hole Location Details


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IP Survey

Planetary Geophysics Pty Ltd undertook an Induced Polarization (IP) survey on three of Gulf Mines leases, of which EPM12119 received the bulk. A full report from Planetary Geophysics is supplied in Appendix 6. Equipment used was an Elrec Pro 10 channel IP/resistivity receiver and a GDD3600 transmitter.

The location of the various lines are tabulated below (Table 3), a total of 17.25 line km of dipole-dipole and 23.2 line km of gradient array were completed on this lease.

Northing Line

Easting Start Easting Finnish

Line Length (km)

Prospect

8415550 745850 746700 0.85May

Queen

8415650 745050 746550 1.5May

Queen

8415750 745850 746450 0.6May

Queen

8415850 745150 746400 1.25May

Queen

8416800 744700 745250 0.55The

Crater

8416750 744650 745350 0.7The

Crater

8416675 744600 745250 0.65All

Nations

8416475 744750 745350 0.6All

Nations8416275 744900 745650 0.75 St Albans8416075 745000 745650 0.65 St Albans8415525 744900 745550 0.65 Holroyd

Road8417080 744450 745350 0.9 Nuggety

Gully8417750 744350 745150 0.8 Rats8411720 748600 749400 0.8 Trafalgar8412020 748400 749100 0.7 Trafalgar8414730 745300 746200 0.9 Eric's

House8417400 743900 744350 0.45 Caledonia8417300 744100 745150 1.05 Caledonia8409575 746800 747700 0.9 Violet8409275 747050 747900 0.85 Violet8408750 747600 748150 0.55 Violet8409000 747450 748050 0.6 Violet

Total 17.25Table 3: Location of IP lines


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The survey followed on from the work completed in 2007, with the gradient array at Random and Marks Reef covering earlier dipole-dipole work. The balance of the work was to investigate reef systems and other areas of interest that were not covered in the prior year.

Geological Mapping

Geological mapping was undertaken on the lease during the year. Old prospect maps from past explorers (principally Ross Mining) were ground truthed. They were registered into MapInfo after prominent features were located on the ground, and the location recorded with a GPS. Following the completion of such prospect mapping, many structural readings were taken on outcrop and positioned using the GPS. Rock outcrops and trends were traced using the same procedure.

Rock Chip Sampling

Rocks were sampled in conjunction with mapping, leading to a thorough coverage of the potentially mineralized veins encountered in this lease. Three hundred and eighty-two samples were taken, with the significant grades shown in the table below (Table 4), listed in descending order of Au grade. As can be seen the Violet prospect has the highest grades, and contributed a large proportion of all of the good grades. The relevant statistics for all of the samples from EPM12119 are included in the appendix 1.


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Sample Locality Amg_E Amg_N Au (ppm) As (ppm)EBB384 Violet 747535 8409507 16.6 10850EBB391 Violet 747351 8409283 12.7 1430EBB671 Hidden Treasure 745272 8417274 12.7 2930EBB667 Hidden Treasure 745325 8417222 12.05 1285EBB329 Random 747404 8411497 10.7 38EBB401 Violet 747875 8409042 8.21 194EBB577 May Queen 746216 8415744 8.04 386EBB402 Violet 747890 8409027 7.35 380EBB841 Gold Mount - Never Mine 750312 8409760 6.75 296EBB641 Violet 748046 8408709 6.69 633EBB310 Johannesburg 748861 8412482 6.41 1520EBB701 Hit or Miss 746508 8415234 6.38 641EBB664 Violet 747351 8409131 5.24 922EBB672 Hidden Treasure 745268 8417286 4.51 2360EBB438 May Queen 746183 8415810 4.39 153EBB700 Hit or Miss 746435 8415374 4.28 269EBB390 Violet 747322 8409268 3.51 688EBB692 Violet 747524 8409403 3.48 6650EBB361 Violet 747562 8409306 3.27 2720EBB373 Violet 747534 8409513 3 193EBB396 Violet 747575 8409230 2.92 2930EBB616 Trafalgar 748814 8411758 2.87 318EBB668 Hidden Treasure 745318 8417227 2.56 604EBB403 Violet 747888 8409026 2.22 125EBB357 Random 747516 8411251 2.11 2450EBB364 Violet 747530 8409333 2.08 645EBB388 Violet 747291 8409263 1.92 126EBB636 Violet 748009 8408815 1.84 2160EBB387 Violet 747287 8409274 1.8 98EBB669 Hidden Treasure 745301 8417262 1.69 689EBB648 Violet 748209 8408811 1.62 1260EBB372 Violet 747531 8409506 1.55 174EBB386 Violet 747312 8409293 1.51 2580EBB674 Violet 747265 8409589 1.49 4170EBB446 Random 747784 8410641 1.46 72EBB666 Violet 747334 8409205 1.45 396EBB509 May Queen 746320 8415541 1.4 543EBB693 Violet 747528 8409393 1.37 2840EBB377 Violet 747483 8409370 1.32 540EBB704 Hit or Miss 746497 8414980 1.31 1225EBB702 Hit or Miss 746502 8415186 1.28 1250EBB445 Random 747778 8410641 1.22 55EBB662 Violet 747037 8409487 1.22 2060EBB705 Hit or Miss 746502 8414955 1.21 689EBB475 May Queen 746175 8416755 1.16 22EBB643 Violet 748197 8408681 1.16 1760EBB689 Violet 747303 8409431 1.14 2560EBB741 Horse Paddock 746809 8413599 1.12 245EBB635 Violet 748009 8408840 1.11 1310EBB637 Violet 748017 8408809 1.09 1425EBB675 Violet 747269 8409571 1.08 2440EBB660 Violet 747062 8409464 1.07 1955EBB638 Violet 748017 8408797 1.05 1880EBB645 Violet 748184 8408693 1.03 1505EBB366 Violet 747545 8409338 1.01 2480

Table 4: Significant Rock chip samples.


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Soil Sampling

Scintillometer Survey

A ground scintillometer was used to run a survey over many of the veins on the EPM12119 lease. Spacing between the points was generally 25m, spacing between the lines varied from prospect to prospect. The scintillometer work was not designed to produce immediate exploration targets, and was somewhat experimental. Analysis of the results is ongoing, and may be able to be used to locate areas of alteration, or to map out changes in lithology.Scintillometer results can be seen in Appendix 4.

Soil Survey

Standard (pulverize, acid digest, ICP-MS and ICP-AES) soil sampling was undertaken over EPM12119. Soil samples were sieved to -1.6mm. Samples were sent to ALS Townsville where they were analyzed for Au and As.

A total of 543 BLEG soil samples were taken on the lease, including 16 duplicates. Samples were collected over a variety of prospect areas in EPM 12119 including Trafalgar, Johannesburg, Last Hit, Good Luck, Marks Reef, Violet, Hit or Miss, Queenslander North, Saint Albans South, and Caledonia and Unnamed 1. Full sample details can be seen in Appendix 3.

Amongst the standard soil samples, 14 had a grade better than 0.1ppm Au, with 3 samples returning a result of 1ppm. The results of 1ppm were located in Trafalgar and Unnamed 1 prospect areas. Arsenic was the only other element assayed, and returned a best grade of 685ppm, and correlated approximately with Au grades. 4 samples were destroyed in transit and returned no result.

Stream Sediment Sampling

Stream sediment sampling was carried out in a number of places on the Ebagoola project area, including EPM12119. In other leases it was an important follow up of historical work. In this lease it was used partly to increase our understanding of stream sediment gold anomalism, as well as a method to prospect for new points of interest. Samples were collected at sedimentary trap sites in various streams, with the trap conditions recorded.The deep sandy nature of the project area meant that some of the samples were situated in deep sand, and did not represent good trapping conditions.

A map of the drainage patterns on the EPM12119 lease was produced. The outline of the source area for each sample is shown, and is colour coded for grade. Small streams outside of the sample drainage areas were not digitized. As can be seen from the table 5 and the map, high gold grades were found, with the best two samples of 2957 and 1566ppb Au. Full details of stream sediment samples can be seen in Appendix 2.


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Sample Locality Amg_E Amg_N DateAu (ppm)

Au (ppb)

EBCL4224 Ebagoola 743858 8418052 8/4/2008 0.0001 0.10

EBCL4225 Ebagoola 743803 8417730 8/4/2008 0.0003 0.30

EBCL4226 Ebagoola 744864 8417781 8/4/2008 0.0617 61.70

EBCL4227 Ebagoola 744873 8417846 8/4/2008 0.0012 1.20

EBCL4228 Ebagoola 745504 8417288 8/4/2008 0.0005 0.50

EBCL4229 West of Last Hit 744250 8413925 8/5/2008 0.0001 0.10

EBCL4230 West of Last Hit 743661 8412605 8/5/2008 0.0005 0.50

EBCL4231 East of Ebagoola 745979 8417246 8/5/2008 2.9570 2957.00







EBCL4238 Never Mine Region 748439 8413363 8/5/2008 0.0010 1.00



EBCL5011 Never Mine Region 748915 8414278 8/5/2008 -0.0001 -0.10

EBCL4241 Never Mine Region 748823 8414261 8/5/2008 0.0014 1.40Table 5: Stream Sediment Samples.


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Figure 4 – Stream Sediment Locations


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PROPOSED EXPLORATION.

Exploration for the coming year will include continuing processing of field data collected. Finalizing the fact geological map and interpretation map will also be carried out before continuing with further field work.

Field work will include more detailed structural mapping of major prospects with possibly some trenching. There will also be a possibility of some gradient array IP survey in the Hamilton King area. Further drilling may also take place over some prospect areas.

EXPENDITURE

Provided separately.


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APPENDIX ONE:Rock chip sample locations, descriptions

and grades for EPM12119


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APPENDIX TWO:Stream sediment sample locations and grades for the program on EPM12119


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APPENDIX THREE:Location and grades for Soil samples

collected over EPM12119


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APPENDIX FOUR:Scintillometer sample locations over

EPM12119.


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APPENDIX FIVE:Drill Hole Logs and assay results.


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APPENDIX SIX:Planetary Geophysics Pty Ltd –

Geophysical Surveys at Ebagoola North Queensland, Australia August

– October 2008


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PLANETARY GEOPHYSICS PTY LTD

Geophysical Surveys at Ebagoola

North Queensland,

Australia August – October 2008.


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Report Number 2008_25Revision 1, 101208

Mark Winter 350 Prince Henry Drive Toowoomba QLD 4350

Australia 61 (7) 46389001

[email protected]


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1. INTRODUCTION1.1. SummaryAt the request of Bill Paterson, Exploration Manager, Gulf Mines Ltd, a field crew from Planetary Geophysics Pty Ltd (www.planetarygeophysics.com.au) completed IP/Resistivity surveys at Ebagoola in Northern Queensland, Australia.

Thirty IP/Resistivity lines using the dipole-dipole technique and three Gradient array blocks were completed by a three man crew on various prospects in the area. The survey was carried out in the period 10 August to 2 November with the crew having a break between 18 September and 18 October.

1.2. PersonnelDan Roycroft led the project for Planetary with field operations also carried out by Morgan Cavanagh, Craig McCondach and Shaun Watson.

Figure 1, Ebagoola, North Queensland, Australia.


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Figure 2, Ebagoola, IP Line locations.


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2. SURVEY STATISTICS AND PROCEDURES2.1. IP/ResistivityEquipment used for the surveying consisted of an Elrec Pro 10 channel IP/resistivity receiver and a GDD3600 transmitter. The equipment is owned and operated by Planetary Geophysics. The receiver was manufactured by Iris Instruments of Orleans, France (www.iris-instruments.com) and the transmitter by Instrumentation GDD Inc of Quebec, Canada (www.gddinstrumentation.com). All IP measurements were made in the time-domain using a two second half-duty cycle. An integration window of 0.5 to 1.1 seconds has been used for the final chargeability calculation.

2.2. Dipole-dipole Surveys50 meter Dipole-dipole lines were read to N = 6 at all prospects except Flying Fox where 100 meter dipole-dipole was surveyed to n = 8.

A total of 24.8 line km’s of dipole-dipole were completed. Tables I through to XV summarize each prospect. All coordinates in GDA94 UTM Zone 54

Table I - Summary of lines completed at May Queen prospect Ebagoola, Qld, Australia

Line No. Start Finish Length (km)

8415550N 745850E 746700E 0.858415650N 745050E 746550E 1.508415750N 745850E 746450E 0.608415850N 745150E 746400E 1.25

Total 4.20km

Table II - Summary of lines completed at The Crater prospect Ebagoola, Qld, Australia


8416800N 744700E 745250E 0.558416750N 744650E 745350E 0.70

Total 1.25km

Table III - Summary of lines completed at All Nations prospect Ebagoola, Qld, Australia


8416675N 744600E 745250E 0.658416475N 744750E 745350E 0.60

Total 1.25km


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Table IV - Summary of lines completed at St Albans prospect Ebagoola, Qld, Australia


8416275N 744900E 745650E 0.758416075N 745000E 745650E 0.65

Total 1.40km

Table V, Summary of lines completed at Holroyd Road prospect Ebagoola, Qld, Australia


8415525N 744900E 745550E 0.65Total 0.65km

Table VI - Summary of lines completed at Nuggety Gully prospect Ebagoola, Qld, Australia


8417080N 744450E 745350E 0.90Total 0.90km

Table VII, Summary of lines completed at Rats prospect Ebagoola, Qld, Australia


8417750N 744350E 745150E 0.80Total 0.80km

Table IX, Summary of lines completed at Trafalgar prospect Ebagoola, Qld, Australia


8411720N 748600E 749400E 0.808412020N 748400E 749100E 0.70

Total 1.50km

Table X, Summary of lines completed at Erics House prospect Ebagoola, Qld, Australia


8414730N 745300E 746200E 0.90Total 0.90km


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Table XI - Summary of lines completed at Rats prospect Ebagoola, Qld, Australia


8417400N 743900E 744350E 0.458417300N 744100E 745150E 1.05

Total 1.50km

TableXII - Summary of lines completed at Violet prospect Ebagoola, Qld, Australia


8409575N 746800E 747700E 0.908409275N 747050E 747900E 0.858408750N 747600E 748150E 0.558409000N 747450E 748050E 0.60

Total 2.90km

TableXIII, Summary of lines completed at Savannah prospect Ebagoola, Qld, Australia


8400550N 746600E 747850E 1.258400850N 746550E 747900E 1.358401150N 746550E 747900E 1.35

Total 3.95km

Table XIV, Summary of lines completed at Spion Kop prospect Ebagoola, Qld, Australia


8393850N 748150E 748700E 0.658394850N 747800E 748550E 0.75

Total 1.40km

Table XV, Summary of lines completed at Flying Fox prospect Ebagoola, Qld, Australia


8371500N 739000E 741200E 2.20Total 2.20km


2.2.1. Pseudo-sectionsFigures 3 – 30 show pseudo-section plots for each line of data collected. Shown are apparent resistivity and chargeability sections.

Pseudo-sections – May Queen Prospect

Figure 3, Pseudo-section of Line 8415550N, May Queen prospect.


Figure 4, Pseudo-section of Line 8415650N, May Queen prospect,


Figure 5, Pseudo-section of Line 8415750N, May Queen Prospect.


Figure 6, Pseudo-section of Line 8415850N, May Queen prospect.


Pseudo-sections – The Crater Prospect

Figure 7, Pseudo-section of Line 8416800N, The Crater prospect.


Figure 8, Pseudo-section of Line 8416750N, The Crater prospect.


Pseudo-sections – All Nations Prospect

Figure 9, Pseudo-section of Line 8416675N, All Nations prospect.


Figure 10, Pseudo-section of Line 8416475N, All Nations prospect.


Pseudo-sections – St Albans Prospect

Figure 11, Pseudo-section of Line 8416275N, St Albans prospect.


Figure 12, Pseudo-section of Line 8416075N, St Albans prospect.


Pseudo-section – Holroyd Road Prospect

Figure 13, Pseudo-section of Line 8415525N, Holroyd Road Prospect.


Pseudo-section – Nuggety Gully Prospect

Figure 14, Pseudo-section of Line 8417080N, Nuggety Gully Prospect.


Pseudo-section – Rats Prospect

Figure 15, Pseudo-section of Line 8417750N, Rats Prospect.


Pseudo-sections – Trafalgar Prospect

Figure 16, Pseudo-section of Line 8411720N, Trafalgar Prospect.


Figure 17, Pseudo-section of Line 8412020N, Trafalgar Prospect.


Pseudo-section – Eric’s House Prospect

Figure 18, Pseudo-section of Line 8414730N, Eric’s House Prospect


. Pseudo-sections – Caledonia Prospect

Figure 19, Pseudo-section of Line 8417400N, Caledonia Prospect.


Figure 20, Pseudo-section of Line 8417300N, Caledonia Prospect.


Pseudo-sections – Violet Prospect

Figure 21, Pseudo-section of Line 8409575N, Violet Prospect.








Pseudo-sections – Savannah Prospect

Figure 25, Pseudo-section of Line 8400550N, Savannah Prospect.






Pseudo-sections – Spion Kop Prospect

Figure 28, Pseudo-section of Line 8393850N, Spion Kop Prospect.


Figure 29, Pseudo-section of Line 8394850N, Spion Kop Prospect.


Pseudo-sections – Flying Fox Prospect

Figure 30, Pseudo-section of Line 8371500N, Flying Fox Prospect.


2.3. Gradient Array Surveys

Gradient array surveys were completed at 3 prospects. Marks Reef, Random and Voilet A total

of 23.2 line km’s were completed. Table XVI summarizes each prospect.

Table XVI, Summary of Gradient Blocks completed at, Ebagoola, Qld, Australia

Prospect Current A Pos Current B Pos Line Start Line Finish No of lines TotalSurveyed (km)

Marks Reef 8416500N 741600E 8416500n 744600E 742700E 743500E 13 10.4

Random 8411000N 746700E 8411000N 748700E 747200E 748000E 9 7.2

Violet 8409400N 746450E 8409400N 746450E 746950E 747750E 7 5.6

2.3.1. Gradient Array ImagesFigures 31 – 33 show plots of images of apparent resistivity and chargeability for each of the gradient blocks.


Gradient Array – Marks Reef Prospect

Figure 31, Gradient array images, Marks Reef Prospect.


Gradient Array – Random Prospect

Figure 32, Gradient array images, Random Prospect.


Page |

Gradient Array – Violet Prospect

Figure 33, Gradient array images, Violet Prospect.

Documents

Microsoft Word - EPM12119_Annual_Report_Jan_09.doc · Web viewAs it was the original lease for the project, EPM 12119 was granted for three years on 11 February 2004. An application