four high priority gold targets

That will keep the whiners happy for a while

CB


Gold Targets
Four high priority gold targets have been identified with gold in soil mineralisation >50ppb, up to 1.29g/t Au from
the Ngoi prospect. These include Kisiba, Ngoi, Munguma and Matala. Additional targets have been identified at
Musongo, Kalonda and Lukumba in the central and southern half of the licence area. Multi-element data
indicates the anomalies are real and in-situ with coincident gold (Au), arsenic (As), Mo (molybdenum), Bi
(bismuth), V (vanadium) and Pb (lead).
The two priority prospect areas identified for near term exploration activities are Ngoi and Matala.
Ngoi comprises a 2.5km long, north-northeast trending zone of gold in soil mineralisation >250ppb. A recent
field visit to the site identified artisanal gold workings over 2km where 4.84g/t Au was obtained from a small
open pit. Mineralisation comprises quartz stockwork veining hosted in altered schists.
Matala comprises a 3.6km zone with >60ppb Au in soil. A peak rock chip sample of 4.12g/t Au was collected
from an altered quartz-muscovite-pyrite schist in a small open pit.
Stream sediment sampling along strike and west-northwest of the Matala soil anomaly suggests the mineralised
strike is at least 12.5km (see figure two).
Tin Targets
A high priority tin stream anomaly >0.5% Sn with a peak value >1% Sn has been located at the Yaluwa
prospect area. The area contains a number of alluvial miners treating the river gravels (refer figure two).
2011 Exploration Program - Commencement of Exploration Activities
A 5,000 sample, second phase soil, rock chip and stream sediment sampling program has been designed over
prospective targets Matala, Munguma, Ngoi and Yaluwa with preparations underway to commence work before
the end of June.
Trenching and geological mapping will commence immediately at Matala and Ngoi with the aim of delineating
drill targets as quickly as possible. Negotiations are currently underway with drilling contractors in the DRC to
complete 2,500m of diamond core drilling scheduled to commence late August.
South Africa based NRG (New Resolution Geophysics) has been contracted to complete an airborne magneticradiometric
survey of the entire licence area at 300m line spacing. The survey will enhance the current
understanding of the regional structure and identify structural controls on gold mineralisation. The survey is also
expected to identify additional regional targets to be followed up with additional geochem sampling. The survey
is scheduled to commence at the end of July with an interpretation of results expected by mid-August prior to
commencement of the drilling program.
For further information please contact Mr Angus Edgar on (+61) 3 8610 8633.