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LACHLAN FOLD BELT NICKEL, GOLD PROJECT
Mining (Exploration - airborne surveys etc.) project for New development. Drill testing of the Merri Hill nickel and gold targets in 2008 returned lower order gold results and interesting nickel results in the oxide layer. At Merri Hill, a near surface zone of secondary nickel mineralization identified by prior air core drilling (eg.8m at 1.45% nickel from 20m in SMRA64) was drilled tested last quarter with 3 RC holes totalling 168 metres to obtain samples for metallurgical test work. Significant assay results returned from this RC drilling in the current quarter are shown in Table 1. Samples have been submitted for detailed petrography (microscope analysis) and metallurgical assessment. Results are pending. Gold drill targets in the highly prospective western part of the tenement have been identified. In this area, the Macquarie Arc Volcanics host a number of prospects and old workings including Mother Shipton where historically, approximately 30,000oz of gold has been mined from hard rock and alluvial sources (see figure ). A review of previous work has revealed that surface geochemistry and RAB drilling has identified epithermal style gold prospects within two north west striking andesitic sequences. At Mother Shipton, RAB drilling by previous explorers included best intersections of 2m at 6.80g/t Au from 38m and 2m at 3.95g/t Au from 4m. Mother Shipton has been reported to have produced 30,000 oz of gold in the past. Nickel results of m @ 0.93% nickel confirm presence of nickel oxide at Merrill hill Prospect. Click for more details...

LACHLAN FOLD BELT NICKEL, GOLD PROJECT
Mining (Open Cut) project for New development. Drill testing of the Merri Hill nickel and gold targets in 2008 returned lower order gold results and interesting nickel results in the oxide layer. At Merri Hill, a near surface zone of secondary nickel mineralization identified by prior air core drilling (eg.8m at 1.45% nickel from 20m in SMRA64) was drilled tested last quarter with 3 RC holes totalling 168 metres to obtain samples for metallurgical test work. Significant assay results returned from this RC drilling in the current quarter are shown in Table 1. Samples have been submitted for detailed petrography (microscope analysis) and metallurgical assessment. Results are pending. Gold drill targets in the highly prospective western part of the tenement have been identified. In this area, the Macquarie Arc Volcanics host a number of prospects and old workings including Mother Shipton where historically, approximately 30,000oz of gold has been mined from hard rock and alluvial sources (see figure ). A review of previous work has revealed that surface geochemistry and RAB drilling has identified epithermal style gold prospects within two north west striking andesitic sequences. At Mother Shipton, RAB drilling by previous explorers included best intersections of 2m at 6.80g/t Au from 38m and 2m at 3.95g/t Au from 4m. Mother Shipton has been reported to have produced 30,000 oz of gold in the past. Nickel results of m @ 0.93% nickel confirm presence of nickel oxide at Merrill hill Prospect. Click for more details...

LACHLAN FOLD BELT NICKEL, GOLD PROJECT
Mining (Underground - including longwall) project for New development. Drill testing of the Merri Hill nickel and gold targets in 2008 returned lower order gold results and interesting nickel results in the oxide layer. At Merri Hill, a near surface zone of secondary nickel mineralization identified by prior air core drilling (eg.8m at 1.45% nickel from 20m in SMRA64) was drilled tested last quarter with 3 RC holes totalling 168 metres to obtain samples for metallurgical test work. Significant assay results returned from this RC drilling in the current quarter are shown in Table 1. Samples have been submitted for detailed petrography (microscope analysis) and metallurgical assessment. Results are pending. Gold drill targets in the highly prospective western part of the tenement have been identified. In this area, the Macquarie Arc Volcanics host a number of prospects and old workings including Mother Shipton where historically, approximately 30,000oz of gold has been mined from hard rock and alluvial sources (see figure ). A review of previous work has revealed that surface geochemistry and RAB drilling has identified epithermal style gold prospects within two north west striking andesitic sequences. At Mother Shipton, RAB drilling by previous explorers included best intersections of 2m at 6.80g/t Au from 38m and 2m at 3.95g/t Au from 4m. Mother Shipton has been reported to have produced 30,000 oz of gold in the past. Nickel results of m @ 0.93% nickel confirm presence of nickel oxide at Merrill hill Prospect. Click for more details...

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