s3-ap-southeast-2.amazonaws.com · Web viewCARPENTARIA GOLDPTY LTD. TECHNICAL REPORT. NO. CG107. TITLE: EXPLORATIONPERMITFORMINERALSNO. 10652 “NATALIE” QUEENSLAND. PARTIAL RELINQUISHMENT

July 2003 EPM 10652 “Natalie”

CARPENTARIA GOLD PTY LTD

TECHNICAL REPORT

NO. CG107

TITLE: EXPLORATION PERMIT FOR MINERALS NO.10652 “NATALIE” QUEENSLANDPARTIAL RELINQUISHMENT REPORT FOR THE PERIOD ENDED 7th August 2003

HOLDER: CARPENTARIA GOLD PTY LTD

OPERATOR: CARPENTARIA GOLD PTY LTD

INVESTIGATIONSCONDUCTED BY: B.James;G.Little

1:100,000 SHEET: 8257

1:250,000 SHEET: SE55-14

AUTHOR: C.J.Green

SUBMITTED BY: D. Collett

DATE: May 2003

July 2003 EPM 10652 “Natalie”

DISTRIBUTION

1. Department of Natural Resources & Mines

2. Carpentaria Gold Pty. Ltd. Ravenswood

July i EPM 10652

CONTENTS

CONTENTS................................................................................................................ iLIST OF DRAWINGS................................................................................................. iiAPPENDICES............................................................................................................ ii

1. INTRODUCTION.............................................................................................32. LOCATION AND ACCESS.............................................................................33. TENURE.........................................................................................................44. PREVIOUS EXPLORATION...........................................................................45. REGIONAL GEOLOGY...................................................................................56. WORK COMPLETED BY MIM EXPLORATION PTY LTD..............................5

July i EPM 10652

LIST OF DRAWINGS

Drawing No. Title Scale

70011 Sub-Block Location Map 1:250,000

70035 Part of Helicopter Magnetic Survey-rtp 1:25,000

70036 EPM 10652 Stream Sediment Samples 1:25,000

55240 Natalie EPM 10652 Spider Gully Prospect Rock Chip and Stream Sediment Samples

1:10,000

55241 Natalie EPM 10652 Spider Gully Prospect Soil Sample Locations and Copper values

1:10,000

55242 Natalie EPM 10652Regional Rock Chip Sample Locations

1:25,000

55779 Natalie EPM 10652 - Spider Gully ProspectRC Drillhole Locations on Regional RTP Magnetics

1:5,000

APPENDICES

Natalie Rock Chip Samples

Natalie Stream Sediment Samples

Spider Gully Soil Samples

Spider Gully Stream Sediment Samples

Spider Gully Rock Chip Samples

Spider Gully Drilling Data

Spider Gully Environmental Report

July EPM 10652

1. INTRODUCTION

Exploration Permit for Minerals (EPM10652) is located about 40 kms east of Charters Towers and 10 kms west of Ravenswood, in North Queensland (Drawing No. 70011).

The permit is one of a group of 14 tenements in the Ravenswood district over which exploration was managed and conducted by MIM Exploration Pty Ltd (MIMEX) for the MIM Holdings Ltd group of companies until December 2001, when MIMEX transferred management of the Ravenswood EPM’s to Carpentaria Gold Pty Ltd. Carpentaria Gold Pty Ltd which operates and manages the Ravenswood Goldmines.

The project area is being explored for sub-volcanic breccia deposits (Mount Wright and Mount Leyshon types) and mesothermal style gold mineralisation (Ravenswood, Sarsfield type). Mineralisation is known to occur at a number of locations within the tenements, within and adjacent to alteration zones and regional structural features.

Under the previous management of MIMEX, a range of exploration works have been carried out over a period of over 20 years. This area of exploration lies mainly within a radius of 30kms from the Ravenswood Goldmine. This wider area has been scrutinised mainly by using stream sediment BCL gold geochemistry together with aeromagnetic survey data to search for possible signatures of significant gold mineralisation. Within a 5km radius of Ravenswood and Mt Wright 200m x 200m BCL soil geochemistry has been used together with ground magnetics and electrical geophysics (MIMDAS & CSAMT). Intensive RC and diamond drilling programs have been carried out in and around Ravenswood and Mt Wright with minor drilling on a number of prospects in the surrounding areas.

Carpentaria Gold operating on a tight exploration budget and with limited manpower and logistical resources has been relatively restricted to drilling of advanced prospects, with a view to providing mill-feed and upgrading existing resources.

Exploration over the 17sub-blocks relinquished from this EPM includes an RC drilling program at Spider Gully Prospect.

2. LOCATION AND ACCESS

EPM10652 “Natalie” consists of 5 separate groups of tenements to the west, northwest and southwest of Ravenswood. Access to the Northern groups of the permit area is via the Flinders Highway between Townsville and Mingela then via the sealed Burdekin Falls dam road to Ravenswood. The southern groups of the permit are accessed from the graded Broughton Road via Charters Towers. Station tracks provide general access throughout the area. The Burdekin River separates the northern and southern blocks of the tenement.

July EPM 10652

3. TENURE

EPM 10652 comprising 88 sub-blocks was granted to Carpentaria Gold Pty Ltd for a term of 5 years commencing on 8th August 1995. The Exploration Permit has been renewed for one year commencing 8th August 2000. Five sub-blocks where relinquished in August 1999 and a further ten sub-blocks were relinquished in August 2000. Thirty-three sub-blocks were relinquished in 2001and a further 2 sub- blocks were relinquished in 2002. Fourteen sub-blocks are relinquished in 2003.

The Relinquished Sub-blocks are

BIM Block Sub-Blocks

Clermont 33 x yClermont 105 d g n pClermont 106 l mClermont 175 u zClermont 176 q r v w

The retained area of the EPM is 24 sub-blocks.

BIM Block Sub-Blocks

Clermont 32 o w xClermont 33 a b c d e f g h l mClermont 34 a b gClermont 105 b c h j oClermont 175 pClermont 177 aClermont 249 r

4. PREVIOUS EXPLORATION

Previous exploration in this EPM has focussed on both porphyry copper / molybdenum style deposits, and on mesothermal vein and sub-volcanic breccia hosted gold deposits within the Ravenswood Batholith. Volcanogenic massive sulphide deposits have also been an exploration target within the Mount Windsor Volcanics.

Company Tenure YearsPlanet Metals ATP690 1970-

1971Sovereign Mining P/L ATP3505 1983-

1984International Mining Corp

ATP3649 1984-1985

International Mining ATP4350 1986-

July EPM 10652

Corp 1987City Resources ATP4446 1986-

1989RavenswoodResources

ATP4695 1987

Dalrymple ResourcesNL

ATP4884 1987-1988

German Mines Ltd ATP5633 1988-1989

5. REGIONAL GEOLOGY

The permit area is divided into four discrete units of sub-blocks. The southeast and central units overlie granodioritic rocks of the Ravenswood Batholith. The Northern unit covers rocks of the Ravenswood Batholith with older Glenell Granodiorite in the eastern portion and the Kirklea Granite in the centre. Minor gabbros, diorites and granodiorites of the Permo-Carboniferous Tuckers Igneous Complex intrude the host rocks in the west.

6. WORK COMPLETED BY MIM EXPLORATION PTY LTD

Pre 1995Under A to P 6060 Kirk River and EPM9140 Mt Wright Amalgamated regional work included : stream sediment sampling; collation & review of pre-existing data sets; Regional structural & targeting study by consultant ERA Maptec. The Oakey Creek geochemical anomalies were located.

1995-1996Regional stream sediment sampling and rock chip sampling.

1997Re-examination of data sets and listing of 13 targets (J1 to J13)

1998-2000Ground checking targets, and helicopter magnetic survey

2001Ground checking targets , MIMDAS geophysics and soil sampling on DeadMan’s Gully Prospect, Detail mapping (not within relinquished area), geochemical sampling of Spider Gully Prospect

2002Drilling 4x RC holes on Spider Gully Prospect, Rehabilitation of Spider Gully Prospect

Stream Sediment Sampling

July EPM 10652

Six stream sediment samples taken within EPM10652 (outside the Spider Gully Prospect ) are contained within the relinquished area. These are shown on drawing No 70036 and are listed in the appendices. The highest gold value was 21.8 ppb.GeologyThe identified geophysical targets (J1-J13, MIM Exploration Pty Ltd Technical Report No 2859) were prioritised, ranked and ground checking . The table below summarises all targets geophysical characteristics and geology.

Results of the ground checks and rock chip sampling were encouraging, with three of the targets (J03, J04 and J09) considered prospective.

Targets J03, J04 and J09 all lie wholly within the Ravenswood Batholith. Targets J03 (Spider Gully Prospect) and J04 occur within the Spider Gully Granodiorite (pinkish-grey, medium-grained, biotite-hornblende granodiorite), whilst J09 is situated within the Boatswain Granodiorite (grey, medium-grained, hornblende- biotite tonalite, granodiorite and monzogranite).

Target AMG_E AMG_N Geophysical characteristics

Initial Rank*

Field Description

J01 468950 7759050

Discrete magnetic low within the Plumwood Fault

1 Texturally destructive SI alt’n, BX, open space vughy QZ fill, QZ veinnetworks

J02 473100 7759300

Intersection of low magnetic zone (faults) in area of structural complexity

1 Limited outcrop, GRD with ANT & Apl dykes, CL+ CARB shear zone

J03 456000 7762150

Broad NW trending magnetic low within diffuse, moderately magnetic zone

1 Extensive area of QZ veining with secondary Cu in GRD host

J04 456450 7764400

Low intensity magnetic zone at the intersection of NE and NW magnetic linears

1 Limited outcrop, alluvial cover, single QZ vein withCu,Pb,Mo

J05 452450 7758100

Discrete magnetic high with corresponding gravity gradient

1 Foliated GRD+AMP, AMP mod-strongly magnetic

J06 456000 7757600

Structurally controlled magnetic low on E trending gravity gradient

1 Patchy outcrop, DRT+GRD, GRDfoliated

J07 466800 7772800

Magnetic high on NW edge of magnetic complex

2 Predominantly covered by Tertiary Alluvium

J08 469200 7776500

Magnetic complex west of intersection of ENE trending magnetic low and NW structure

1 Scattered outcrop c- grained HBL GRD with PR alt’n, GRT dykes strike 070

July EPM 10652

J09 467800 7778900

Moderately low magnetic zone adjacent to intersecting ENE and NWtrending structures

2 Very wide (100’s m) ENE shear in GRD, QZ vein + BX withAu+Cu+Mo

J10 469300 7774500

Series of discrete magnetic highs

1 Dioritic plugs in Host GRD?

J11 473500 7787600

Remnant magnetic low in line with Mt Wright and Dead Man anomaly

1 Sheared GRT forming hill, ANT dykes

J12 468150 7784100

Magnetic low in zone of complex magnetic highs off the NW edge of theBoori Complex

3 TNL subcrop with multiple CL+CARB, CL+SERC shears

J13 467800 7786900

Magnetic low at centre of irregular magnetic complex, NE structureprominent

3 Minor outcrop GRT, locally sheared, Qz vein 110 strike

*Rank 1 was highest priority (Scale1-3)

Natalie Rock-Chip GeochemistryIn checking the 13 geophysical targets rock chip sampling was conducted where appropriate. Brief descriptions of the targets and their field character are presented the table above. Results of the ground checks and rock chip sampling were encouraging, with three of the targets (J03, J04 and J09) considered prospective.

A total of 6 rock-chip samples (TA85901-906) were taken whilst field-checking these targets. Four samples (TA85901, TA85902, TA85903 and TA85905) were at or below detection Au (0.001ppm). However 2 samples taken of at Target J09 were anomalous in Au and several other pathfinder elements. Sample TA85904 of Fe- ox-Mn-Ox stained low temperature silica vein with boxwork textures and moderate sericite selvedge alteration returned the highest Au assay of 0.442ppm, 185ppm Cu and 9ppm Mo. Sample TA85905 of buck-quartz with cross-cutting micro-shears featuring Fe-ox staining and malachite-azurite veins assayed 0.168ppm Au, 9260ppm Cu, 966ppm Zn, 24ppm Bi, 874ppm As and 24 ppm Mo. Both TA85905 and TA85906 were sampled from veins within a regional structure striking 045AMG. Target J03 has been further investigated, and named the Spider Gully Prospect.

Geophysics

A helicopter borne magnetic survey was flown over part of EPM 10652 during April 1999. Survey specifications are set out below.

Boundary (AGD84, AMG55) Easting Northing478950 7779350482550 7779350482550 7773700

July EPM 10652

484250 7773700484250 7771850487850 7771850487850 7762550484350 7762550484350 7760750474950 7760750474950 7775650478950 7775650

Survey SpecificationsAircraft : Bell 47Magnetometer : High Sense alkali vapour, in towed bird Navigation : Differential GPSSample Rate : 0.1 secondsSample Spacing : 2.5 - 3 metresLine Spacing : 100 metresLine Direction : 180 - 360 degreesTie Line Spacing : 1000 metresTie Line Direction : 90 - 270 degrees Total Survey Distance : 2016 kilometres

Data ProcessingSoftware : Geosoft OASIS-montaj Line Processing : Diurnal removed Tie Line levelledMicrolevelledGridding Algorithm : Minimum Curvature Cell Size : 20 metres

Magnetic Field Parameters Inclination : -49.8 degreesDeclination : 8.0 degreesField Strength : 49965 nanoTesla

Located data have been submitted to the Department in accordance with Policy No. 129 and as such are not presented here. This data has been and is currently being used to enhance geological and structural interpretation.

Spider Gully Prospect

GeologyGeology and regolith mapping were conducted at 1:5,000 scale over the area comprising the Spider Gully Prospect .

The main area of outcrop comprises a variably light pink to brick-red, m-grained, biotite granodiorite with multiple quartz veins. Minor aplite dykes crop out in the immediate prospect area, which appear to strike approximately NW. Relatively thick quartz vein float occurs over much of the subcropping area.

July EPM 10652

Prospect-scale mapping suggests two different styles of quartz vein mineralisation as well as weak, patchy disseminated mineralisation occor within the host granodiorite. Abundant thin 1-3cm wide massive quartz veins crop out over at least 400m x 800m, which invariably have weak to intense secondary Cu mineralisation (mostly as malachite) adjacent to the veins within the host rock. Minor chalcopyrite and pyrite is present in a number of the veins at the surface. The second style of quartz vein that crops out in the area are typically 10-30cm wide, which have vuggy median cavities partially filled with Fe-oxide, sulphide boxworks molybdenite ferrimolybdite malachite chalcocite. Alteration appears to comprise primarily weak to intense vein-selvage sericitisation, with less-well developed pink-red staining (hematite dusting). Both vein styles are flat lying (10-30 degrees) and exhibit an overall south-dip. Although vein orientations are centred on or about an E-W axis, there are two distinct orientations with veins striking both NW and NE (parallel to structures evident in the magnetics). Veins, in most cases, are several metres apart.

Residual soil persists for only a short distance away from the outcropping area, which then grades into colluvium that forms low rolling ridges and spurs. Two large creeks drain the surrounding area, which typically have alluvial flats bordering them. Numerous 1st order streams drain the immediate prospect area with only small catchment areas.

Spider Gully Prospect Stream Seds

A total of 19 stream sediment samples were collected from creeks draining the Spider Gully Prospect (TB5618-TB5636). Samples were assayed by ALS Townsville using methods PM226 for Au, and IC581 for Cu, Pb, Zn, Ag, As, Mo, Bi, Sb and Fe. AMG co-ordinates and assays are given in the appendices. The sample locations are shown on Drawing No. 55240.

Data collected from open file suggests that there have previously been a number of stream sediment samples collected from the larger streams in the area surrounding Spider Gully. These assay values do not indicate any anomalism (in either Au, Cu or Ag), therefore MIM Exploration conducted a small stream sediment survey to assess whether the drainage was carrying metals from the prospect. Several of the previously sampled sites were re-sampled, as well as a number of smaller creeks draining into these. Most of the re-sampled sites in the larger streams repeated quite well and did not indicate any anomalism, however 1st order streams within 500m of the main outcropping zone are strongly anomalous in Cu (maximum 279ppm).

Spider Gully Prospect Soils

As follow up to the positive mapping and rock chip sampling at Spider Gully Prospect, a broadly spaced soil sampling survey was conducted over an area approximately 3.8 x 2.6km, centred on the outcropping portion of the prospect. A total of 317 samples were collected (TB5301-TB5617) using –80# and BCL

July EPM 10652

sampling methods. Samples were analysed at ALS Brisbane and Townsville for Au, Cu, Pb, Zn, Ag, As, Mo, Bi, Sb, Te, Tl, Hg, Fe, and Mn using methods PM229, IC581 and ICMS200. Co-ordinates and assay values are given in the appendices . The sample locations are shown in Drawing No. 55241.

A significant Cu, Mo, Ag and Au anomaly has been defined over the central portion of the survey area. Cu and Ag values in particular, are highly elevated, with Cu values up to 1330ppm (background 16ppm) and Ag up to 420ppb (background 20ppb). Au (maximum 17ppb) and Mo (maximum 9ppm) values are only weakly elevated, however they exhibit a very strong correlation with Cu and Ag. Mo doesn’t appear to be stable in the current regolith environment, despite the fact that there is abundant Mo in many of the outcropping quartz veins. The regolith over the survey area ranges from residual soils in the outcropping areas, transitional into colluvium and recent alluvial sands adjacent to the dominant drainage.

A +220ppm Cu anomaly covers an area approximately 1200m x 600m (centred around 456500mE, 7761600mN), which has a pronounced NW-SE trend. An area of +600ppm Cu occurs over 400m x 200m in the central portion of the anomaly.Strongly elevated Cu-Ag and weakly elevated Mo-Au occurs over approximately 2300m x 1000m, including areas with cover up to 3-4m thick, which has a very tight spatial association with a pronounced NW-trending magnetic-low (the original regional geophysical target, J03).

Spider Gully Prospect rock Chips

A total of 24 rock chip samples (TB01732-TB01738, TB01742-TB01751, TB01754- TB01760) were taken. Samples were assayed by ALS Townsville, by method PM209 for Au and IC581 for Cu, Pb, Zn, Ag, As, Bi, Mo, S, Sb. Twenty of the rock chip samples were collected from Spider Gully Prospect, which mainly comprised samples of quartz vein material and/or altered granodiorite. The majority of the samples contained visible Cu and/or Mo mineralisation. Most of these samples exhibit highly elevated geochemistry, with Cu to a maximum of 19.3% and Mo to 1.9% in samples with obvious mineralisation. Au values are generally low, with a maximum of 0.26 g/t recorded, and Ag values reached a maximum of 48 g/t.

Samples TB01754 (quartz vein) and TB01755 (sericite-altered granodiorite breccia) from target J09 both exhibit anomalous Cu (0.42% and 2.53% respectively), with TB01754 also recording elevated Mo (839ppm). Sample TB01738 (galena-bearing Fe oxide stained quartz vein) from target J04 shows strongly anomalous Pb (4.25%), and elevated Cu and Mo. Locations, assays, and descriptions for the regional rock chip samples are given in the appendices, and the sample locations are shown on Drawing No. 55242.

Spider Gully Drilling

Four RC percussion drillholes (SGP1-4) were completed at Spider Gully Prospect, for a total of 982m. Details of the holes are included in the table below .

July EPM 10652

Samples from drill hole SGP1 were analysed for the standard suite of elements as above, with the addition of Sb, Ca, Mg, Na, K, Al, Ni, and Co by method IC587.

Drill holes SGP1-3 all targeted a zone of flat southerly dipping quartz veins with anomalous Cu-Mo-AgAu hosted by m-grained, equigranular, biotite granodiorite . SGP4 was targeted at a discrete NW-trending magnetic low, thought to be one of the main controlling structures to mineralisation. A brief summary of the geology intersected in each of the drill holes is given below.

Hole No.

AMGE AMGN Dip Azimut h (AMG)

Depth Date Drilled

SGP1 456500 7761575 -60 360 250m 18/04/01 – 20/04/01SGP2 456470 7761350 -60 360 250m 21/04/01 – 22/04/01SGP3 456675 7761480 -60 360 232m 23/04/01 – 24/04/01SGP4 456000 7761900 -60 45 250m 24/04/01 – 26/04/01

SGP10-95m Consists of zones of moderate-strong sericite alteration associated with widely spaced Qz veins (10-15m apart). These zones typically have weak (up to 0.5%) chalcopyrite and molybdenite mineralisation. Away from the zones of Qz veining the host granodiorite typically exhibits weak-strong pervasive hematite dusting with weak disseminated chalcopyrite and molybdenite mineralisation throughout.95-116m Zone of intense Qz veining in first 6m with associated very intense, texturally destructive yellow sericite alteration with accompanying chalcopyrite (up to 2%) and molybdenite (up to 5%) mineralisation. Minor Qz veins from 101-116m with strong-intense sericite and disseminated chalcopyrite and molybdenite.116-250m Distinct change to homogeneous m-grained, biotite granodiorite with patches of moderate-intense pervasive hematite dusting. The entire interval exhibits weakly disseminated chalcopyrite and molybdenite mineralisation with no apparent Qz veining.

SGP20-70m Consists of minor zones of Qz veining with weak-strong sericite alteration and weak (<0.5%) chalcopyrite and minor molybdenite. Host granodiorite exhibits pervasive moderate-strong hematite dusting away from the zones of sericite alteration.70-99m Moderate-intense, texturally destructive yellow sericite alteration adjacent to central 10m interval of f-m-grained aplitic? dyke. Entire 29m interval contains weak to very strong (0.2-5%) molybdenite with accompanying variably weak- moderate (0.2-3%) chalcopyrite mineralisation. Minor Qz veining occurs within the best mineralised zones.99-195m Patchy fracture-controlled, sericite alteration, host granodiorite exhibits variable pervasive weak-intense hematite dusting with weak disseminated chalcopyrite and molybdenite mineralisation.195-196m 0.5m wide Qz vein with 15-20% chalcopyrite196-219m Zone of weak sericite alteration with associated weak chalcopyrite and molybdenite (0.2-0.5%).219-250m Granodiorite with no visible sulphides, moderate-strong pervasive hematite dusting occurs throughout.

July EPM 10652

SGP3Patchy sericite + chlorite alteration throughout, mostly associated with calcite veins. Away from the sericite + chlorite altered zones, the granodiorite typically exhibits variably weak-intense pervasive hematite dusting. Mineralisation is patchy and typically very weak, comprising minor disseminated chalcopyrite + molybdenite pyrite. Up to 2% chalcopyrite was intersected over a single metre @ 36-37m.

SGP4Very weak to weak, patchy disseminated chalcopyrite molybdenite mineralisation occurs throughout most of the hole, typically within moderate-strongly hematite dusted granodiorite. Patchy sericite + chlorite alteration between 40-185m appears to be associated with calcite veining, as it does at 185-205m where increased calcite veining has produced moderate-intense sericite + chlorite alteration, with a distinct lack of sulphides. The calcite veins and attendant sericite + chlorite alteration are clearly late (postdate mineralisation), and have been magnetite destructive.

Based on the information gained from the drill cuttings, it appears there are three main styles of alteration and two distinct mineralisation phases/styles. Early, possibly orthomagmatic, sulphides occur throughout the host granodiorite, manifest as weakly disseminated chalcopyrite and molybdenite pyrite. The only early alteration? spatially associated with these sulphides is pervasive hematite dusting. Overprinting this phase are widely-spaced, moderate-high grade molybdenite and chalcopyrite-bearing Qz veins (plus aplite dyke) with associated moderate-intense sericite alteration (mostly observed in holes SGP1 & 2). Late stage sericite + chlorite alteration appears to be associated with the emplacement of a phase of structurally controlled carbonate veins. It is likely that the zone of low magnetic intensity, along the NW trending structure through the prospect area, is related to this late phase of carbonate veining.

Assays have been received, which confirms the system comprises individual veins (2cm to >0.5m) that host moderate-grade Cu-Mo mineralisation, with weak disseminated Cu-Mo mineralisation in the host rock in the zones between veins.Vein density appears to be insufficient to ‘upgrade’ Cu-Mo values required for a bulk-tonnage low-moderate grade deposit. Details of drillhole intersections are given below.

SGP146m @ 0.2% Cu and 0.09% Mo from 58mSeveral 2-10m intervals with 0.15% Cu from 0-46m Background of 500ppm Cu in granodiorite

SGP2158m @ 0.13% Cu and 344ppm Mo including: 32m @ 0.15% Cu and 0.08% Mo from 68m 38m@ 0.1% Cu from 108m30m @ 0.24% Cu and 0.04% Mo from 196m

SGP36m @ 0.18% Cu and 0.18% Mo from 110m 16m@ 0.12% Cu from 174m

July EPM 10652

SGP422m @ 0.13% Cu and 0.06% Mo from 88mBackground of 700ppm Cu in granodiorite below oxide zone

RehabilitationRehabilitation of the drill holes at Spider Gully prospect was completed, see report in the appendices.

Detailed information is contained in the following reports:

MIMEX Tech Report No. Report Type YearTR045 AtoP6060 Annual 1990TR2180 EPM9140 Annual 1992TR2832 EPM10652Annual 1996TR2859 EPM10652Annual 1997TR2891 EPM10652Annual 1998TR3060 EPM10652Annual 1999TR3066 EPM10652Partial Relinquishment 1999TR3078 EPM10652Annual 2000TR3082 EPM10652Partial Relinquishment 2000TR3502 EPM10652Annual 2001TR3512 EPM10652Partial Relinquishment 2001TR3519 EPM10652Annual 2002CG101 EPM10652Partial Relinquishment 2002

July EPM 10652

7781000 mN 7781000 m

762762,,762,762

0.0.88

76762200,0,,77..6466446499

7780000 mN 7780000 m

762762,,763,763

0.30.3

7779000 mN

77662200,0,,77

..7277227

200

7779000 m

762762,,771,771

0.40.4

7778000 mN

762762,,772,772

2.82.87778000 m

Carpentaria Gold Pty Ltd

Date:25/7/2003

Author: CJGreen

Office: Ravenswood

EPM10652 Natalie

Part Relinquished Area 2003 Stream Sediment Sample Loc

(with Au in ppb)

7 7

D

r

Pro

4670

00

4670

4680

00

4680

4690

00

4690

4700

00

4700

4710

00

4710

4720

00

4720

July EPM 10652

4 4 4 4 4 459000 mE

450000 mE 460000 mE 470000 mE 480000 mE 490000 mE 500000 mE 510000 mE 520000 mE

Ravenswood Project

COLOURED EPM INDEX

9140 Mount Wright Amal.

10652 Natalie

10688 Cardigan

10869 Kirkton

8190 Bluff

8920 Glenell

8936 Birthday Hills

9732 Leichhardt Range

450000 mE 460000 mE 470000 mE 480000 mE 490000 mE 500000 mE 510000 mE 520000 mE

July EPM 10652

TB01738

TB05631 TB05630

TB05632

TB05633

TB05629

TB01733TB01734

TB01735

TB01760

TB01758

TB05636TB05618TB05635

LEGENDAircore Drillhole Location

Drillhole Location

Soil Sample Location

Rock Chip

Sample Location

7762

7764

July EPM 10652

TB01759TB01743 TB01742

TB01744 TB01745TB0TB0

11774477 TB01748

TB01750 TB01749

TB01757 TB01737

TB01736 TB01746

TB01751

TB05621

TB05622

TB

TB

Contour Stream

Roads

TB01756TB05623

TB05624

July EPM 10652

GN

TNMN

TB05625TB05626

GRID CONVERGENCE 01'

TB05627

TB

28

7761

July EPM 10652

GRID MAGNETIC

4 4 4 4 458000 mE 460000 mE

7763

July EPM 10652

455000 mE456000 mE 457000 mE 458000 mE

12 TB05504

8

TB05503

14 TB05477

19 TB05476

43 TB05453 14

TB05454

17 TB05424 11

TB05423

4 TB05409

9 TB05408

10 TB05395

19 TB05394 12

TB05376

25 TB05350

16 TB05351

13 TB05362

14 TB05368 14 TB05375

18 TB05367

18 TB05505

31 TB054

78

13 TB05452

65 TB05425

11 TB05407

14 TB05393

5 TB05352

July EPM 10652

8 T B 05 36 3 10 TB05374

18 TB05506

4 TB05502

9 TB05475

24 TB05455

48 TB05422

5 TB05410

15 TB05396

12 TB05377

13 TB05349

3 TB05389

15 TB05361

14 TB05366

16 TB05479 42 TB05451

26 TB05426

30 TB05406 10 TB05392

4 TB05353 8 TB05364 13 TB05373

233 TB05431 3 TB05355

6 TB05501

16 TB0547436 TB05456

21 TB0542113 TB05411

17 TB0539719 TB05378

8 TB0534813 TB05360

13 TB05337450000 mE 460000 mE 470000 mE 480000 mE 490000 mE 500000 mE 510000 mE 520000 mE

11 TB05507

5 TB054996 TB05575

14 TB05498

5 TB05480

6848

TB05473 TB05471

34 TB05450 51 TB05457

74 TB05427

32 TB05420

31 TB05412

34 TB05405 24 TB05398

34 TB05391 22 TB05379

8 TB05347

9 TB05356

11 TB05359

10 TB05365 32 TB0537

2

17 TB05338

July EPM 10652

Ra ve n s w ood P r o j e c t61 TB05574

27 TB05508

26 TB05481

38 TB05449

49 TB05428

43 TB05404

33 TB05387

7 TB05357

9 TB05340 15 TB05371

10 TB05497

12 TB05470

36 TB05458

126 TB05413

47 TB05414

63 TB05399

14 TB05380

39 TB05346

13 TB05336

5 TB05339

COLOURED EPM INDEX

9140 Mount Wright Amal.

9 TB05509

17 TB05482

9 TB05448

37 TB05429

92 TB05419

51 TB05403

67 TB05386

21 TB05358

5 TB05341 24 TB05370

10652 Natalie

10688 Cardigan

10869 Kirkton

8 TB05510

4 TB05496

12 TB05483

20 TB05469 17

TB05447

54 TB05459 29

TB05430

86 TB05418

42 TB05402

122 TB05572

20 TB05400 68

TB05385

22TB0539022 TB0538122TB05383

16 TB05345

14 TB05334

9 TB05335

4 TB05342 29 TB05369

450000 460000 mE

470000 mE

480000 mE

490000 mE

500000 mE

510000 mE

8190 Bluff

8920 Glenell

8936 Birthday Hills


520000 mE

TB055119 TB05495

TB0548413 TB05468

TB054465 TB0

5460 89 TB05595

104 TB05415103 TB05417

37

5 140 T

B054

01TB05608

40 TB05581

15 TB05384

July EPM 10652

TB0553311 TB0 5 344 3 TB05 3 4 3 1 1 TB05307

TB05494 8 TB05467 7 TB05461102 TB05551

352

TB05596

350 TB05564

65 TB05589

35 TB05537 TB055860 2 TB05333 TB05320

9 TB05308

0 TB05306 LEGEND

14 TB05445 233 TB05552

44 TB05545

14 TB05443 305 TB05594 458 TB05607

103 TB05582

16 TB05512

22 TB05493

10 TB05485 17

TB05466

17

TB05573

46 TB05432

367 TB05550

309 TB05597338 TB05553

410 TB05563

333348

TB05588 TB05544

127 TB05538

72 TB0557957 TB05535

22 TB05534

10 TB05321

8 TB05319

10 TB05309 1

7 TB05305

NatalieSpiderGSoil2001Data by Cu_ppm

500 to 10,000(8)

200 to 500 (26)100 to 200 (20)

118 TB05593 617 TB05606

77 TB05583

50 to 100 (24)

19 TB05513

4 TB05486

8 TB05442

115 TB05549

701 TB05598

598 TB05562

1,180 TB05587

133 TB05539 33

TB05609

5 TB05532

14 TB05322

9 TB05332

10 TB05310

20 to 50 (63)10 to 20 (101)0 to 10 (63)

July EPM 10652

5 TB05492

11 TB05465

49 TB05433

787 TB05554

1,170 TB05543

31 TB05565

6 TB05318

11 TB05304

39 TB05514

TB0549111 TB05487

TB0546416 TB05441

3 TB05434796 TB055982319 86277305

1,370

TB056116,330 TB05599 TB05601TB05558

TB05605 TB05561

2537

175201

55826

TB05584 TB05540

40 TB056108 TB05531

TB0533114 TB05323

TB0531712 TB05311

11 TB05303

252 TB05555

14 TB05515

4 TB05488

6 TB05440

6 TB05439

59 TB0554755

39725425

TB05577 TB05557 TB05602415 TB05560

107137107114

TB05617 64 TB05566 TB05578TB05571 TB05569

22 TB05530

14 TB05324

GN

11 TB05312 TNMN

15 TB0549

014 TB0546

34 TB05435

TB05591

12 TB05590

416 TB05604250268

TB05541 TB05585

127185

TB05613TB05615

16 TB05567 TB05611

5 TB05330

28 TB05316

July EPM 10652

8 T B053 02 GRID CONVERGENCE

125 TB05603 8 TB05612

4 TB05529

11 TB05388

GRID MAGNETIC ANGLE 8°

15 TB05516

5 TB05489

6 TB05438

10 TB05546

105 TB05559

10 TB05568

4 TB05527

10 TB05325

11 TB05313

7 TB05518

19 TB05462

10 TB05436

26 TB05521

15 TB05523

46 TB05525

3 TB05576

13 TB05327

21 TB05329

9 TB05315

7 TB05301

19 TB05517

8 TB05519

455000 mE

4 TB05437

12 TB05520

456000 mE

13 TB05522

25 TB05524

457000 mE

24 TB05526

33 TB05328

11 TB05314

458000 mE

7761

000

mN

7762

000

mN

7763

000

mN

7

July EPM 10652

450000 mE

460000

mE

4480000

mE

490000 mE

TB01514 T

B

0

1

5

1

2

T

B

0

1

5

1

3

7761

000

mN

July EPM 10652

450000 mE 460000 mE

470000 mE

480000 mE

490000 mE

500000 mE

510000 mE

520000 mE

Ravenswood

COLOURED EPM INDEX9140 Mount Wright Amal.

10652 Natalie

10688 Cardigan

10869 Kirkton

8190 Bluff

8920 Glenell

8936 Birthday Hills


TB017TB017555455 450000 mE 460000 mE

470000 mE

480000 mE

490000 mE

500000 mE

510000 mE

520000 mE

July EPM 10652

LEGENDAircore Drillhole Location Drillhole Location

Soil Sample Location

Rock Chip Sample Location Stream Sediment Sample Location

Contour

Stream

Roads

TB01738

TB01760 TB01TB01759

TB017

TB01733

TB01734 TTBB0011773355 TB01737

TB01758TB01758

TB01757TTBB0011773366

TB01744TB01746 TTBB0011774488

TTBB0011750 TB01751TB01749 TB01756

TB01732

GNTN

MN

July EPM 10652

GRID CONVERGENCE 01'

GRID MAGNETIC ANGLE 8°

450000 mE

460000

mE

4480000

mE

490000 mE

7770

000

mN

7780

000

mN

7790

000

mN

pppp30303030

qqqq33ppppqqqq

57 22

AAAA85

qqqq15qqqq47474747

AAAA

qqqq

qqqq42

qqqq 27qqqq

1380 2426 ppppqqqq pppp

14

pppp

30pp

July EPM 10652

456000 mE

45

45

457500 mE

i Quartz-carbonate shear

40 10-30cm wide vuggy quartz veins with mo-ccp-secondary Cu fill (No. denotes dip angle)

40 1-3cm wide masive quartz veins with minor ccp-secondary Cu fill (No. denotes dip angle)

A Fracture/joint with

secondary Cu

Subcrop with

secondary Cu

Alluvium

Distal Colluvium

7762000 mN

7761500 mN

pppp30303030

qqqq33ppppqqqq

57 22

AAAA85

qqqq15qqqq47474747

AAAA

qqqq

qqqq42

qqqq 27qqqq

1380 2426 ppppqqqq pppp

14

pppp

30pp

July EPM 10652

Proximal Colluvium

Subcrop (Spider Gully Granodiorite with quartz veins) + residual soils

MIM Exploration Pty. Ltd.A.C.N. 009681118A member of the M.I.M. Group of companies

EPM10652 "Natalie" Spider Gully Prospect

Combined Geology and Regolith

1:250000

1:100000

Region :

Author :

Original

Date :

01

Brisbane

Scale :

1:5000

Date :

14/11/2000

Drg No :

55269

7761000 mN

July EPM 10652

456000 mE

7761

500

mN

7762

000

mN

July EPM 10652

456500 mE

July EPM 10652

457000 mE

July EPM 10652

457500 mE

July EPM 10652

Projection: AMG Zone 55 (AGD 84)

0 100

July EPM 10652

200

July EPM 10652

Report No : TR3519

400 m

July EPM 10652

MIMEX Ravenswood DRILLHOLE HEADER SHEET

HOLE ID NAME

Pros

pect

Proje

ct

1:100 000 Sheet

SGP1Spider Gully Natalie – Cardigan

Ravenswood No

8257

Supervis

or

Sampler

s

Geology

log by

Geothechnical log by

Glen Little Peter

Killian Glen Little

N/A

Tenement name

GRID ID CODE

Drilling Dates

DIP

Natalie

AMG

18/04/01

EPM 10652Grid north =

Start

ML

AZIMUTH

MDL

352 ° Magnetic

20/04/01Finish

- / -60 ° 352 ° Magnetic 360 ° Grid ° True+

COLLARApproximate 7761575mNORTH 456500mEAST mRL AMG GridSurveyed 7761575mNORTH 456500mEAST 260mRL AMG Grid

Precollar depth 12 m Hole abandoned due to Final depth 250

m Material left in holeHole size From depth To depth Type Casing

200mm 0 m to 12 m RC PERC 12m

150mm 12

m to 250 m RC PERC

m to mm to mm to mm to m

DRILLHOLE SURVEYSurvey depth Magnetic Grid True Dip Survey type

10 m 0 ° ° 8 ° -60 ° Multishot Camera






July EPM 10652

100

m 2 ° ° 10 ° -60.5

° Multishot Camera

120

m 3 ° ° 11 ° -60 ° Multishot Camera

140


160

m 4.5 ° ° 12.5 ° -58 ° Multishot Camera

180


200

m 4.5 ° ° 4.5 ° -56.5

° Multishot Camera

220

m 5 ° ° 5 ° -56.5

° Multishot Camera

240

m 6.5 ° ° 14.5 ° -55.5

° Multishot Camera

m ° ° ° °

Comp

any

Driller

Volu

me

Drill

Torque

QLD Steve

Jackson

1100 CFM Pressure

Drill machine type

TD610435 PSI

Rig number

Aux Booster

Water FlowBase of oxidation

depthdepth of BOCO

m3m

atdepth of BOPO

Flow rate29m

Depth of cover 1m depth m

July EPM 10652

Sample Downhole depth Laboratory Assay elements MethodRA79732 to RA79859 0m to 250m ALS Au PM209

to m to m Cu,Pb,Zn,Ag IC587to m to m As,Bi,Mo,Sbto m to m S,Fe,Mg,Cato m to m Na,K,Al,Nito m to m Coto m to mto m to mto m to mto m to m

Interval photographed N/A m

Petrological samples Depth Petrologistto mto mto m

Metallurgical samples Depth Laboratoryto m to mto m to m

Downhole log type

From Depth To depth m Log by

CostsPercussion $28/m 0-100m, $30/m 101-200m, $32/m 201-250m

Reason for hole Test zone of flat southerly dipping Cu-Mo-AgAu bearing Qz veins

Proposed by Glen Little Date proposed 24/01/01

Data entry to DatabaseData entered by G. Little Date entered May 2001Datafile Datafile FilenameCollar GeotechnicalSurvey SummaryAssayGeology

July EPM 10652

SUMMARY GEOLOGY LOG

From To Geology Assay0m 1m Residual soil cover1m 95m M-grained, biotite granodiorite: Consists of zones of moderate-

strong sericite alteration associated with widely spaced Qz veins (10-15m apart). Qz veins typically have weak (up to 0.5%) chalcopyrite mineralisation and stronger molybdenite mineralisation (up to 5% reported). Minor malachite is associated with Qz veins in the oxidised zone. Away from the zones of Qz veining the host granodiorite typically exhibits weak-strong pervasive hematite dusting with weaklydisseminated chalcopyrite and molybdenite mineralisation throughout.

95m 116m M-grained, biotite granodiorite: Zone of intense Qz veining in first 6m with associated very intense, texturally destructive yellow sericite alteration with accompanying chalcopyrite (up to 2%) and molybdenite (up to 5%) mineralisation. Minor Qz veins from 101-116m with strong- intense sericite alteration and disseminated chalcopyrite andmolybdenite. Possible aplite dyke from 110-116m.

116m 250m Homogeneous m-grained, biotite granodiorite with patches of moderate-intense pervasive hematite dusting. The entire interval exhibits weakly disseminated chalcopyrite and molybdenitemineralisation with no apparent Qz veining.

July EPM 10652


HOLE ID NAME

Prospect

Project

1:100 000 Sheet

Tenement name

GRID ID CODE

Drilling Dates

DIP

Supervisor

Samplers

Geology log by


Natalie EPM 10652 ML

AMG Grid north = 352

21/04/01 Start

AZIMUTH

Glen Little Peter Killian Glen Little

N/AMDL

° Magnetic

22/04/01 Finish- /+

-60 ° 352 ° Magnetic 360 ° Grid ° True

COLLAR

Approximate 7761

350mNORT

H

456470mEAST

mRL AMG Grid

Surveyed 7761

360mNORT

H

456475mEAST

255mRL AMG Grid

Precollar depth 12 m Hole abandoned due to

Final depth 250 m Material left in hole

Hole size From depth To depth Type Casing

200mm 0 m to 12 m RC PERC 12m PVC150mm 12 m to 250 m RC PERC



10 m 357.5 ° ° 5.5 ° -60 ° Multishot Camera20 m 357.5 ° ° 5.5 ° -60 ° Multishot Camera30 m 357.5 ° ° 5.5 ° -60 ° Multishot Camera40 m 358.5 ° ° 6.5 ° -61 ° Multishot Camera60 m 359 ° ° 7 ° -61 ° Multishot Camera71 m ° ° ° ° Hole Caved In

m ° ° ° °m ° ° ° °m ° ° ° °m ° ° ° °m ° ° ° °m ° ° ° °m ° ° ° °m ° ° ° °m ° ° ° °

Company Drill Torque QLD Drill machine type Rig number

Driller

Volume

Water

Flow Steve Jackson

1100 CFM

Pressure

TD610

435 PSI

SGP2Spider GullyNatalie - Cardigan

Ravenswood No 8257

July EPM 10652

Aux Booster ✓Base of oxidation Depth of cover

depth

m at Flow rate

depth

of

BOCO m depth of BOPO 18m

2m depth m

May 2001G. Little

Sample Downhole depth LaboratoryAssay elements Method

Petrological samples Depth Petrologist

Metallurgical samplestoto

Depthm tom to

Laboratorymm

Downhole log typeFrom Depth

To depth m Log by

CostsPercussion$28/m 0-100m,$30/m 101-200m,$32/m>200m

Reason for holeTest zone of flat southerly dipping Cu-Mo-AgAu bearing Qz veinsProposed byGlen LittleDate proposed24/01/01

Data entry to DatabaseData entered by DatafileCollar Survey AssayGeology

Date entered Datafile GeotechnicalSummary Filename

July EPM 10652

RA79865 to

RA79997

0m to 250m ALS Au PM209

to m to m Cu,Pb,Zn,Ag IC581to m to m As,Bi,Mo,Sto m to m Feto m to mto m to mto m to mto m to mto m to mto m to m

Interval photographed m

to mto mto m

July EPM 10652

SUMMARY GEOLOGY LOG

From To Geology Assay0m 2m Soil, proximal colluvium2m 70m M-grained, biotite granodiorite: Consists of minor zones of Qz

veining with weak-strong sericite alteration and weak (<0.5%) chalcopyrite and minor molybdenite mineralisation. Host granodiorite exhibits pervasive moderate-strong hematite dusting away from the zones of sericite alteration.

70m 99m Moderate-intense, texturally destructive yellow sericite alteration of host granodiorite adjacent to central 10m interval of f-m-grained aplitic? dyke. Entire 29m interval contains weak to very strong (0.2- 5%) molybdenite with accompanying variably weak-moderate (0.2-3%) chalcopyrite mineralisation. Qz veining occurs within the best mineralised zones.

99m 195m M-grained, biotite granodiorite: Patchy fracture-controlled, sericite alteration, variable pervasive weak-intense hematite dusting throughout granodiorite with weak disseminated chalcopyrite and molybdenite mineralisation.

195m 196m 0.5m wide Qz vein with 15-20% chalcopyrite.196m 219m M-grained, biotite granodiorite: Zone of weak sericite alteration

withassociated weak chalcopyrite and molybdenite (0.2-0.5%).

219m 232m M-grained, biotite grandiorite: zone of intense chlorite + sericite alteration asociated with calcite veining. Veining and alteration isclearly late and postdates mineralisation.

232m 250m M-grained, biotite granodiorite: no visible sulphides, moderate-strongpervasive hematite dusting occurs throughout.

July EPM 10652


HOLE ID NAME

Prospect

Project

1:100 000 Sheet

Tenement name

GRID ID CODE

Drilling Dates

DIP

Supervisor

Samplers

Geology log by




23/04/01 Start

AZIMUTH

Glen Little Peter Killian Glen Little

N/AMDL

° Magnetic

24/04/01 Finish- /+


COLLAR

Approximate 7761

480mNORT

H

456675mEAST

mRL AMG Grid

Surveyed 7761

494mNORT

H

456667mEAST

257mRL AMG Grid







10 m 355 ° ° 3 ° -57.5 ° Multishot Camera


30 m 356.5 ° ° 4.5 ° -57.5 ° Multishot Camera


60 m 358.5 ° ° 6.5 ° -58 ° Multishot Camera









Ravenswood No 8257

July EPM 10652



m ° ° ° °


Driller

Volume

Water Flow

Steve Jackson

1100 CFM Pressure

TD610

435

PSI

Aux Booster ✓

Base of oxidation Depth of cover

depth

m at Flow

rate

depth

of

BOCO 15m depth of BOPO 25m

1m depth m

May 2001G. Little

Sample Downhole depth LaboratoryAssay elements Method

Petrological samples Depth Petrologist

Metallurgical samplestoto

Depthm tom to

Laboratorymm

Downhole log typeFrom Depth

To depth m Log by

CostsPercussion$28/m 0-100m,$30/m 101-200m,$32/m>200m

Reason for holeTest zone of flat southerly dipping Cu-Mo-AgAu bearing Qz veinsProposed byGlen LittleDate proposed24/01/01

Data entry to DatabaseData entered by DatafileCollar Survey AssayGeology

Date entered Datafile GeotechnicalSummary Filename

July EPM 10652

RA79998 to RA80000


RA83001 to RA83121

6m to 232m Cu,Pb,Zn,Ag IC581

to m to m As,Bi,Mo,Sto m to m Feto m to mto m to mto m to mto m to mto m to mto m to m


to mto mto m

July EPM 10652

SUMMARY GEOLOGY LOG

From To Geology Assay0m 1m Soil, proximal colluvium1m 75m M-grained, biotite granodiorite: zones of weak-moderate qz

veining with associatedsericite alteration, veins typically have weak malachite in the oxidised zone and minor chalcopyrite in fresh rock. Minor calciteveinlets common, variable hematite throughout.

75m 87m M-grained, biotite granodiorite: relatively fresh, only trace hematitedusting.

87m 98m M-grained, biotite granodiorite: minor 1-2cm wide Qz veins with tracechalcopyrite, pervasive weak-moderate hematite dusting.

98m 119m M-grained, biotite granodiorite: pervasive strong-intense hematite dusting giving rock distinctive brick-red colour. Patchy, weakly disseminated chalcopyrite + molybdenite mineralisation, minor calcitefracture fill common throughout.

119m 210m M-grained, biotite granodiorite: pervasive moderate-strong hematite dusting, zones of weak-strong sericite chlorite alteration with weakcalcite veining, possible aplite dyke 152-153m. Very weak disseminated chalcopyrite + molybdnite irregularly developed.

210m 232m M-grained, biotite granodiorite: weak-moderate sericite + chlorite alteration associated with weak-moderate calcite veining, veining + alteration clearly overprint hematite dusting. Distinct lack of sulphideswithin this interval.

July EPM 10652


HOLE ID NAME

Prospect

Project

1:100 000 Sheet

Tenement name

GRID ID CODE

Drilling Dates

DIP

Supervis

or

Sampler

s

Geology

log by




24/04/01 Start

AZIMUTH

Glen Little Peter

Killian Glen Little

N/A

MDL

° Magnetic

26/04/01 Finish

- /+


COLLAR

Approximate 7761

900mNORT

H

456000mEAST

mRL AMG Grid

Surveyed 7761

887mNORT

H

456002mEAST

240mRL AMG Grid






DRILLHOLE SURVEY

Survey depth Magnetic Grid True Dip Survey type50 m ° ° ° -63.5 ° Eastman

Camera100 m ° ° ° -65 ° Eastman

Camera150 m ° ° ° -64.5 ° Eastman



Cameram ° ° ° °m ° ° ° °m ° ° ° °m ° ° ° °m ° ° ° °m ° ° ° °m ° ° ° °m ° ° ° °


Ravenswood No 8257

July EPM 10652

m ° ° ° °m ° ° ° °


Drill

er

Volu

me

Water Flow

Base of oxidation Depth of cover

Pressure Aux Booster

TD610

✓435 PSI1100 CFM

Steve Jackson

depth

14 m at 100L/min

Flow rate

depth

of

BOCO 12m depth of BOPO 25m

24/01/01Glen Little

Test low-magnetic zone along NW-trending structure with coincident elevated geochemistry

Percussion$28/m 0-100m,$30/m 101-200m,$32/m>200m

July EPM 10652

Sample Downhole depth Laboratory Assay elements Method

RA83122 to

RA83254


to m to m Cu,Pb,Zn,Ag IC581to m to m As,Bi,Mo,Sto m to m Feto m to mto m to mto m to mto m to mto m to mto m to m


Petrological samples Depth Petrologistto mto mto m

Metallurgical samples Depth Laboratoryto m to mto m to m

Downhole

log type

From

Depth

Costs

To depth m Log by

Reason for

hole

Proposed by

Data entry to Database

Data entered by DatafileCollar Survey Assay Geology

Date proposed

Date enteredDatafile FilenameGeotechnical Summary

G. Little

May 2001

July EPM 10652

SUMMARY GEOLOGY LOG

From To Geology Assay0m 3m Soil, distal colluvium3m 16m Strongly oxidised biotite granodiorite.16m 27m M-grained, biotite granodiorite: partially oxidised, weak pervasive

hematite dusting.27m 39m M-grained, biotite granodiorite: weak pervasive hematite dusting,

distinctive soft white clay which appears to be fracture fill.39m 97m M-grained, biotite granodiorite: Zone of strong-intense hematite

dusting giving rock distinctive brick-red colour, minor white calcite fracture fill. Zone of moderate-strong sericite + chlorite alteration associated with calcite veining 43-48m. Weak, patchy disseminated chalcopyrite +molybdenite.

97m 121m M-grained, biotite granodiorite: dramatic decrease in hematite dusting, several 1-2m wide zones of apple-green fracture-controlled sericitealteration. Weak disseminated chalcopyrite + molybdenite.

121m 188m M-grained, biotite granodiorite: pervasive moderate-strong hematite dusting with patchy weak-moderate sericite + chlorite alteration associated with minor calcite veining. Weak patchy disseminatedchalcopyrite + molybdenite.

188m 205m M-grained, biotite granodiorite: dominated by moderate-intense sericite+ chlorite alteration and moderate-strong calcite veining, alteration/veining clearly overprints hematite dusting. Distinct lack of sulphides in alteration zone.

205m 250m M-grained, biotite granodiorite: pervasive moderate hematite dusting with common weak calcite veins and fracture fill. Minor narrow (1-2m) zones of weak-moderate sericite + chlorite alteration associated with some of the calcite veins. Trace disseminated chalcopyrite +molybdenite.

July EPM 10652

MIM EXPLORATION

Drill Site Rehabilitation Report

JAN 2002

Spider Gully Prospect

EPM 10652 “Natalie”

July EPM 10652

Drilling

A four hole RC percussion drilling programme (SGP1-4) was undertaken by MIM Exploration Pty Ltd in April-May 2001 by Drilltorque drilling using a Schramm drill rig. The drilling was undertaken at the Spider Gully prospect, which is on EPM 10652 “Natalie”.

Rehabilitation

These drill sites had PVC collars cut off below ground and plugged, and were rehabilitated by MIM Exploration Pty Ltd. An inspection carried out in January 2002 found the grass vegetation re-establishing itself and no erosion (sites flat). Further seeding was carried out prior to the wet season, and the sites will not require any further monitoring. The table below shows the drill holes and collar positions. Attached is a photographic record of the rehabilitated sites.

Hole_ID AMG_N AMG_ESGP1 7761575 456500SGP2 7761360 456475SGP3 7761494 456667SGP4 7761887 456002

Table. Drill collar locations.

July EPM 10652

SGP1 21/3/01 Prior to pad construction.

SGP1 10/5/01 On completion of drilling.

July EPM 10652

SGP1 16/5/01 Initial rehabilitation.

SGP1 9/1/02 Rehabilitation complete. Further reseeding undertaken prior to wet season. No further rehabilitation required.

July EPM 10652



July EPM 10652



July EPM 10652



July EPM 10652



July EPM 10652



July EPM 10652



July EPM 10652

7762500 mN 7762500 mN

7762000 mN 7762000 mNSGP4 250m

SGP4

SGP150m

SGP1SGP3 232m

7761500 mN

SGP2 250m

SGP3

7761500 mN

4550

00

mE

4555

00

mE

4560

00

mE

4565

00

mE

4570

00

mE

4575

00

mE

July EPM 10652

SGP2

7761000 mN45

5000

m

E

4555

00

mE

4560

00

mE

Documents

s3-ap-southeast-2.amazonaws.com · Web viewCARPENTARIA GOLDPTY LTD. TECHNICAL REPORT. NO. CG107. TITLE: EXPLORATIONPERMITFORMINERALSNO. 10652 “NATALIE” QUEENSLAND. PARTIAL RELINQUISHMENT