Summary of Work to Date

Several campaigns of field work including geological mapping, sampling, geophysics (induced polarisation and magnetics) preceded three phases of drilling.

Chandman Project - Mag-RTP_sm
Chandman Project – RTP Magnetics
Chandman Project - IP -Chargeability_sm
Chandman Project – IP – Chargeability
Chandman Project - Rock Chips - Copper_sm
Chandman Project – Rock Chips – Copper

There were drilling campaigns in 2009 and 2010 consisting of 17 diamond drill holes for 5,167.7 m. Significant gold-copper mineralisation was intersected in 3 of these drill holes (CH-09, CH-10 and CH-16). The best intersection was in the DDH CH-09 Del target skarn zone:32.13 m @ 1.49 g/t gold, 0.60% copper and 8.07 g/t silver; including 10.39 m averaging 2.71 g/t gold, 0.91% copper and 12.11 g/t silver.

Further gold-copper mineralisation was intersected in DDH CH-10:

10.75 m @ 1 g/t gold, 0.65% copper and 4.8 g/t silver.

The geologically significant hole DDH CH-16 was aimed at the upper reaches of a deep-seated IP chargeability feature, forming part of an apparent shell around the porphyry intrusion at depth. The hole was completed to a depth of 524 m, the limit of the man-portable drill used for this hole.

A marked structural zone was crossed at 469 m, below which strong potassic alteration and sulphide stockworking became much more abundant. Assays in the 55+ m wide porphyry-style alteration zone ranged up to 0.28% copper and 1.5 g/t gold with elevated arsenic and silver values as well



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