PROJECTS

BALD HILL PROJECT
(Centrex JV: PEN Earning 80%)

A review of past data has commenced and has already highlighted a number of prospects that will require follow up. These include a gold anomaly in the west of the project where highly anomalous gold was intersected in bottom of hole drill samples in the 1990's.

The project has also been found to contain a number of significant historic underground copper mines, which were operational in the late 1800's. The Lincoln mine comprised a number of shafts reaching depths of 100 metres and employed up to 100 men. The ore horizon mined was said to pinch and swell with widths between 1 and 6 metres. Samples of the mined material ranged in grade from 4% to 24% Copper. Further assessment of this high grade mine will be undertaken. In addition to the Lincoln mine a number of other historic high grade copper mines have been identified within the project area.