Laverton Downs Project

The Laverton Downs Project is located 15 kilometres north of the Laverton township, and comprises two tenements, E38/2724 and E38/3014. The project area captures the gold prospective Admiral Hill Shear on the east side and the interpreted Lancefield Mine sequence on the west side (Lancefield Gold Mine current resource 596,000 oz gold – Source: www.focusminerals.com.au).

Preliminary studies of previous explorers’ reports show E38/2724 contains encouraging soil anomalies (up to 26 ppb AuLD collar and intercept map) and historic shallow, gold-in-hole results (200-500 ppb Au range) with negligible follow up drill testing. Historic reports also revealed that a number of zinc-copper gossans were mapped on the project area and have been inadequately drill tested.

RAB drilling completed in two phases in November, 2013 and February, 2014 recorded significant and anomalous drill-hole gold intercepts. The best intercept recorded being 3m @ 10.17 g/t Au from 23m. In November 2014 the Company conducted a 760m RC drilling campaign across 8 holes at the Stinson Prospect. The best results recorded included 4m @ 1.99 g/t Au within a broader zone of 16m @ 0.57 g/t Au, 4m @ 1.00 g/t Au and 8m @ 0.21% Zn from 28m.

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