Project, northern Western AustraliaANNOUNCEMENT 26 September...

Project, northern Western Australia
ANNOUNCEMENT 26 September 2007
PGE+Au Assays from Vanadiferous Titanomagnetite Target
In 2006, a reconnaissance RC drill programme on the Hart Dolerite in the Speewah Dome discovered an
anomalous zone of PGE+Au in a unit of vanadiferous titanomagnetite-bearing gabbro that contained traces
of chalcopyrite. The 2007 RC drill programme prioritised two vertical drill-holes (SRC171 and SRC172)
adjacent to the 2006 discovery holes and sampled the PGE+Au anomalous zone at 0.2 m intervals. The
locations of the drill holes are shown on Figure 1 and are provided in Table 2.
PGE+Au assays have been received for the sampled intervals in SRC171 and 172. The results show that
both holes are anomalous in PGE+Au over a vertical down-hole interval of about 5-7 m which is interpreted
as the true thickness of the interval. Over this interval, the combined PGE+Au values range from 21 to 706
ppb. The best results within each mineralised interval are summarised in Table 1.
Davis tube recovery work and assaying on 2006 RC drill-chip samples showed the PGE+Au mineralisation is
hosted by a gabbroic unit containing 15-20% vanadiferous titanomagnetite averaging 2% V2O5. Further test
work on the magnetite content using Davis tube work is planned.
HIGHLIGHTS
�� Initial assays received confirm the discovery of PGE+Au (Pt+Pd+Au)
mineralisation in the Proterozoic-age Hart Dolerite intrusion in the
Kimberley region of northern Western Australia.
�� Two RC drill holes (SRC171 and SRC172) testing the vanadiferous
titanomagnetite gabbro adjacent to the 2006 discovery holes identified
a 5-7 m thick PGE+Au anomalous zone.
�� The first assays reported a maximum 0.2 m interval of combined
PGE+Au = 0.69 g/t in SRC171 and 0.71 g/t in SRC172.