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re: park range drilling result's are out hi folk's

Drilling results
Centenary Prospect
4 August 2004
Centenary Project – Parker Range
Gondwana Resources 100%
Results of the recent drilling programme at the Company’s Centenary Project, Parker Range, have
been received. A total of 549 metres in six reverse circulation (RC) holes have been drilled and
the results are tabulated below using a 1.0 gpt gold cut off grade. The table also includes the two
holes drilled by the Company in the previous programme.
Drillhole Collar Coordinate** Azimuth Incl Results
mN
mE From
(m)
To
(m) Metre g/t gold***
uncut
CGRC001* 9260 10404.5 90 -60 35 36 1 1.78
70 71 1 1.95
CGRC002* 9260 10384 90 -60 40 43 3 167.20
48 52 4 16.15
59 62 3 3.21
CGRC003* 9261.4 10383 - -90 52 53 1 36.00
97 98 1 3.28
CGRC004 9282.5 10385.8 90 -60 NSR
CGRC005 9240 10405 90 -60 51 52 3 2.00
79 80 1 1.30
84 85 1 9.50
CGRC006 9240 10405 90 -60 NSR
CGRC007 9240 10403 90 -60 36 37 1 2.10
64 75 1 1.40
CGRC008 9243 10349.3 90 -60 71 86 15 2.60
includes: 77 78 1 34.60
* Previously reported result ** Local Grid *** Average of repeated fire assay using a 50gm catch weight.
NSR = no significant result
The results for CGRC 002, 003, and 008 define a high-grade west dipping shoot that is still open
down dip to the west and along strike.
The mineralisation occurs within a major shear zone that hosts strongly sheared amphibolite and
BIF. The high-grade zones are associated with a discrete quartz-sulphide vein system at the
sheared contact between BIF and amphibolite.
The high-grade shoot, as drilled to-date, has a vertical thickness of from 1m to 3m. Further work
will be aimed at testing for a dilation zone in the shoot where the thickness of the mineralisation
“blows out”. The shoot plunges to the northwest and it conforms to other major shoot directions in
the Parker Range–Marvel Loch area.
Follow-up drilling
One hole in the drilling programme was not completed because wet weather made the site
inaccessible to the drill rig. In the current quarter, this hole will be drilled together with a number of
new holes to test the other drill targets that exist in the tenement.
2
Further drilling on the down plunge projection of the Centenary shoot will be undertaken once
Gondwana’s adjacent mining lease application is granted. The company has already submitted an
application for the expedited procedure to deal with native title issues.
The Centenary Prospect is part of Gondwana’s large Parker Range Gold Project, acquired in the
Exploration Alliance Agreement with Sons of Gwalia Limited.
This report has been prepared by Geoff Balfe who is an independent consultant geologist and
member of the Australian Institute of Mining and Metallurgy. He is a Competent Person as defined
in the 1999 edition of the Australian Code for Reporting Mineral Resources and Ore Resources.
For more information, please contact Warren Beckwith or Geoff Balfe on phone (08) 9388 9697, or
by email on [email protected].
Warren Beckwith
Director
4 August 2004
Figure 1. Location Diagram Centenary Project - Parker Range