Ponton Project

(Gold)

The Ponton Project tenements are located between 140 to 200km northeast of Kalgoorlie, in the historical Pinjin Mining Centre (Pinjin) and to the east and south of Pinjin. The Project comprises four granted exploration licences and three exploration licence applications covering a total area of approximately 908km2.

A reconnaissance UltraFine fraction surface sampling program has been completed on the Nippon Licence (E39/2184). Two target areas (Northern and Central) related to linear high intensity aeromagnetic anomalies were identified for initial soil and pisolith sampling. A preliminary assessment of the assay results has defined a coherent and continuous gold-in-soil anomaly >5ppb (peak of 7.4ppb gold) at the Northern target which extends up to 2.8km in strike, open to the south, and between 200 to 800m wide. At the Central target, another promising gold-in-soil anomaly >5ppb has been identified at the north end of the 9.5km long aeromagnetic anomaly.

The gold anomalism generated at both targets is co-incident with other elements and is highly encouraging given the sample media collected was thick aeolian sand. The Company will continue to evaluate the UFF soil sample results more thoroughly and determine next steps for exploration of these targets at the Nippon Licence.

Ponton Project - Tenement Location

site by café media