uranium, page-4

sim gold potential & uranium HCY just announce gold discovery in the Bardoc area which SIM has leases and had been drilling there as well. With gold price going up and SIM uranium assets with 16M shares, this got to be a good punt.


Scimitar (SIM) got leases and had been drilling in the Bardoc area as well. Back on 17/02/05, SIM announce the following :


Level 2, 679 Murray Street, West Perth WA 6005 Ph: (+618) 9321 3211 Fax: (+618) 9321 6878
PO Box 285, West Perth WA 6872 Web: www.scimitarresources.com.au
ACN 102 912 783
17th February 2005
ASX Release
HIGH GRADES INTERSECTED AT BARDOC TECTONIC ZONE PROJECT
Scimitar Resources Limited (ASX Code: SIM), has completed a Reverse Circulation drilling
program at the Goongarrie prospect as part of the farm in agreement with Cazaly Resources
Limited (ASX Code: CAZ).
The Goongarrie prospect, 90 kilometres north of Kalgoorlie, forms the northern part of the
more regional Bardoc Tectonic Zone project (BTZ). The program conducted during January
and early February 2005 comprised twelve holes for a total of 1,854 metres. Drilling targeted
several ore horizons 400 metres north of the New Boddington and Franks Dam open pits.
Several broad zones of gold mineralisation and high grade quartz veins were intersected by
the drilling.
Significant results from the program include;
10 m @ 9.62 g/t Au including 3 m @ 26.65 g/t Au
12 m @ 1.61 g/t Au
2 m @ 19.06 g/t Au
2 m @ 10.96 g/t Au
3 m @ 5.38 g/t Au
The gold mineralisation is hosted within a north trending package of chlorite schists, strongly
foliated basalt and altered gabbros at the intersection of two broad shear systems. Gold
mineralisation is typically associated with carbonate, biotite and chlorite alteration of the
country rock in conjunction with quartz veining and coarsely crystalline disseminated
arsenopyrite, pyrite and chalcopyrite. The recently completed program indicates the potential
for further significant shear hosted, high grade gold mineralisation at depth and along strike.
RC DRILLING RESULTS
Hole ID East AMG North AMG Azimuth Dip From g/t Au
GNRC 001 322956 6675413 030 -60 14 10 m @ 9.62
including 3 m @ 26.65
31 12 m @ 1.61
54 4 m @ 1.72
60 6 m @ 1.37
GNRC 002 322944 6675394 030 -60 13 2 m @ 2.99
GNRC 003 322877 6675444 075 -60 95 2 m @ 4.23
116 11 m @ 1.59
138 3 m @ 3.33
GNRC 005 322770 6675425 075 -60 10 2 m @ 6.77
GNRC 007 323027 6675387 075 -60 40 2 m @ 19.06
117 1 m @ 13.90
GNRC 008 322982 6675304 075 -60 32 2 m @ 10.96
85 3 m @ 5.38
GNRC 009 322814 6676103 090 -60 35 3 m @ 1.66
GNRC 011 322895 6674762 075 -60 97 2 m @ 3.51
GNRC 012 322902 6674729 075 -60 173 1 m @ 6.62
NB: Samples assayed by fire assay with AAS finish.
This exploration drilling intersected significant high grade gold mineralisation within several
ore zones. It indicates the BTZ project has the potential to provide the company with a
mining operation in the short to medium term by targeting near surface mineralisation and
taking advantage of the significant infrastructure in the Kalgoorlie region.
Yours faithfully
Terry Topping
Managing Director
Information in this report pertaining to mineral resources and exploration results was compiled by Mr T
K Topping who is a Member of the Aus.I.M.M. with not less than five years experience in the relevant
fields, and who consents to the report appearing in the form and context in which it appears.