welcome to kingston resources, page-6

inforone,
check out SER's website: http://www.strategicenergy.com.au/minerals.html


Myall Creek
EL 3538 (SER 50%), South Australia


The Myall Creek Copper Project (EL 3538) covers an area of 381 square kilometres and is located on the southern Stuart Shelf between Whyalla and Port Augusta, a highly prospective part of the eastern margin of the Gawler Craton.

SER holds a 50% interest in the licence in a joint venture with U Energy Pty Ltd and its parent company Fleurieu Mines NL, of which Mark Muzzin is a director and major shareholder. The license area is immediately west of the Torrens Hinge Zone and close to the sites of the Hiltaba granites. Copper and base metal mineralisation has been delineated over a wide area and in a range of the Proterozoic host rocks in this region.

The exploration programme was focussed on a prospect named Honeymoon Dam, 2.5 kilometres south of the known Myall Creek mineralisation zone. Depths to these zones in the area range from 50 to 150 metres.

Two holes were completed after hitting basement rocks, with mineralisation evident. The third and final hole encountered a number of difficulties and ceased at 105.2 metres, some 10 metres short of the interpreted mineralised zone. Preliminary assays returned average grades for the two completed holes and were encouraging for further exploration efforts.

Planning for a further drilling programme is in place, with the aim of coordinating with the drill programme devised for the Cultana licence. Analysis of the prior geochemical and drill data is continuing.

Cultana
EL 3547 (SER 75%), South Australia
The Cultana Lease EL 3547 covers an area of 792 square kilometres within the Cultana Army Training Area south of Port Augusta in South Australia. SER holds a 75% interest in the licence in a joint venture with U Energy Pty Ltd and its parent company Fleurieu Mines NL. Access to the Army Base has only been approved for mineral exploration on three prior occasions.

Ten holes were drilled in the licence area, and none of them penetrated crystalline basement. The Cultana Inlier is considered to be one of the best remaining blocks to explore for IOCG (iron oxide, copper, gold) mineralisation in South Australia.

The project requires standard regulatory approvals from PIRSA and more importantly, access permission from both the Department of Defence and Department of Finance prior to any exploration programme, to which the Joint Venture has formally submitted all documentation.

There are also Cultural Heritage matters that require consultation and clearance from Indigenous groups. The approval process is currently being worked through. SER believes access permission should soon be granted for drilling, subject to all approvals.