Quarterly Activities and Cashflow Report Q1 2011
Project Highlights
- Infill drilling confirms continuity of gold mineralisation over 600 metres of strike length at Woodlark King.
- Resource for Woodlark King area scheduled for release in the second quarter, 2011.
- RC drilling determined potential high grade gold depth extensions beneath currently modelled mineralisation.
- Significant intercepts at Woodlark King during the quarter included:
26 metres @ 2.8g/t Au from 34 metres
38 metres @ 2.1g/t Au from 41 metres
36 metres @ 2.9g/t Au from 14 metres
25 metres @ 1.5g/t Au from 65 metres
3 metres @ 39.0g/t Au from 147 metres(hole terminated in mineralisation)
- Further extensions to the mineralisation at Woodlark King are currently being drilled that may extend an additional 300 metres.
- LIDAR survey delineated detailed topography and will assist with systematic exploration of regional targets.
- Geotechnical and metallurgical diamond drilling undertaken as part of the Definitive Feasibility Study which is on target to be completed in the fourth quarter, 2011.
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