Drill cores from the extensions of the Jubilee line of workings have been sent to Adelaide for logging and assaying.
Pending results of the logging and assaying a drill program for the current quarter is planned.
Negotiations continue with other companies with a view to expanding the portfolio in the Flinders Range. -------------------------------------------------------------------------------------
EL 3812: 100% Mt Coffin - 3rd Qtrly 2009
At Mt Coffin, exploration during the quarter consisted of reviewing data in the Diamond Jubilee area of the Mt Coffin group of historic mines and in acquiring data from diamond core holes drilled for a Chinese group during 2008 and 2009.
Geological mapping, field work, and previous drilling by RMG has shown the copper mineralisation is more extensive than previously thought and several copper veins have been intersected in the uppermost secondary ore zone. These results, as yet incomplete, indicate that there is a strong possibility of identifying a potentially economic measurable resource at this location. Similarly, the remaining mines and prospects identified and mapped indicate the potential for other copper resources.
Compilation of existing data has commenced and will include results from logging and assaying of core data which has been commissioned. Negotiations are being held with other companies with a view to expanding the portfolio in the Flinders Range.