Ward Prospect

Ward is the most advanced prospect within the Yandal East Project area and contains mineralisation that extends for over 5.5km of strike length (Figure 1).  Thick mineralisation is present with intersections including 13m @ 3.1 g/t Au from 61m and higher grade intercepts including 2m @ 5.7 g/t Au from 44m.  The area is flanked by dry salt lakes and the mineralisation is concealed by transported cover making initial drill targeting difficult.  The geology and mineralised lodes at Ward are sub-vertical and initial drilling had limited effect at outlining the existing mineralisation.  Later drill programs addressed this issue but it is anticipated that future, targeted drilling programs along the 5.5km mineralised trend at Ward could be very successful.

Ward South Prospect

Ward South is simply the extension of the mineralising structure that controls the mineralisation at Ward further to the southeast where the structures are totally concealed under a salt lake (Figure 1).  The combination of these mineralising structures and some disturbances in the magnetic trend represents a very favourable drill target. The perceived difficulty in drilling on the salt lake has left the entire 4.5km mineralised structure undrilled, an excellent opportunity for the discovery of new gold mineralisation.  Drilling on salt lakes requires care but is easily achievable today, as demonstrated by Breaker Resources Limited (ASX:BRB) who are currently drilling in a more difficult setting at it’s very successful Lake Roe Project.

Figure 1:  Plan illustrating the RC and Aircore dirlling at Ward and the undrilled Ward South under the dry lake


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