Drill-Ready Targets

Nagasauva Target

The Nagasauva target is located 1.8km south of the Udu mine where a recent 3DIP survey has identified a classic porphyry copper target over an area of 1,000 x 800m at a depth of approximately 600m. The target is associated with a series of stacked, shallowly dipping conductors defined by an airborne VTEM survey in 2010.

Chalcopyrite and malachite has been observed at surface in highly altered felsic volcanics.

Soil sampling has delineated a 700m x 1,100m wide zone of anomalous copper, lead, zinc, gold, silver and barium.  Confirmatory rock chip samples demonstrate the presence of anomalous copper (1,037ppm) silver (2.6g/t) gold (0.02g/t) and zinc (2,922ppm).

No historical drilling has been conducted in the area.

The Company believes there is a possibility of a porphyry style mineralisation system, based upon a combination of base metal and geophysical signatures.

Resistivity at -250RL

Resistivity at -400RL

Copper in soils