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.
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