Mining Directory

Woyla Copper Gold Project - 24,260 ha 6th generation Contract of Work in the Aceh region of North Sumatra, Indonesia. In our opinion this project is one of the most highly prospective undrilled copper gold projects in South-East Asia with the potential to host high grade epithermal deposits. Previously explored by Barrick Gold (1996-1998) and then by Newcrest (1999-2002) who beat out competitor bids from Aurora Gold, Billiton and Western Mining which included aeromagnetic and radiometric survey, landsat TM based lithostructural interpretations, regional stream sampling and mapping, petrographic investigations, anomaly follow-up prospecting, soil and trench sampling. There is more than 5,000m strike length of gold bearing low sulphidation epithermal quartz veins and 10.4km of structure mapped with Aloe Eumpeuk trench sampling returned: 16m @ 2.93Au, 2Ag, incl. 9m @ 5.16Au, 2.41Ag and. 1m @ 28.3Au, 9.9Ag. Four priority prospects Anak Perak, Aloe Rek, Aloe Eumpeuk and Rek Rinti which have walk up drill targets have been developed based on results from previous work by Barrick and Newcrest.

• Anak Perak Prospect

Anak Perak vein system is a broad zone at least 1,800m long and between 20m and 300m wide, system of quartz veins and stockwork zones with individual veins up to 9m wide. Significant trench channel sample assay results include: 2m @ 7.64g/t Au and 6m @ 4.29g/t Au. Ridge and spur soil sampling outlined highly prospecAve gold results over 2,200m of strike length and up to 300m wide that is open in all direcAons.

• Aloe Eumpeuk Prospect

Surface trenching has exposed the Aloe Eumpeuk vein system for 100 meters along strike, with individual vein widths up to 3 meters wide. Trench sampling includes: 16m @ 2.93 g/t Au, 2 g/t Ag, incl. 9m @ 5.16 g/t Au, 2.41 g/t Ag and 1m @ 28.3 g/t Au, 9.9 g/t Ag, and Peak channel samples assayed up to 28 g/t Au over 1 metre. Soil sampling has defined highly prospective gold results for 250m along strike and up to 120m in width, proven by stream sediment samples from this area are assayed up to 0.5g/t Au and rock float samples up to 12.4g/t Au, 400g/t Ag.

• Aloe Rek Prospect

Mineralisation at Aloe Rek is located in the Victory Vein, which is a complex series of quartz lenses and veinlets that can be traced over a strike distance of more than 1,000m, hosted in a broad zone of argillic altered andesite. Individual veins exhibit well-defined bladed quartz replacing calcite and colloform quartz adularia banding. Trench channel samples include: 1m @ 13.4g/t Au and 7m @ 4.95g/t Au and 23.5 g/t Ag. Soil sampling outlined a gold-arsenic anomaly up to 70m wide over a strike length of 900m coincident with the vein system. Anomalous arsenic values occur over an area up to 200m wide. The extent of the vein system remains open along strike.

• Rek Rin Prospect

Rek Rinti occurs adjacent to the Sumatran Fault along the northern extensions of the Aloe Rek – Aloe Eumpeuk trend with northeast-trending quartz veins up to 5m wide - quartz textures include crustiform, comb and vugs with occasional brecciation. Mineralisation is similar to the low sulphidation vein styles seen at Aloe Rek and Aloe Eumpeuk. Rock float of veins assayed peaked at 24.2g/t Au and rock chip samples of outcropping quartz veins peaked at 4.1g/t Au. Silver is highly prospective in the rock and float chip samples and peaked at 138g/t Ag.

• Beurieung Porphyry Copper Prospect

One of a cluster of known copper mineralised intrusives in Aceh. Numerous major international copper miners have previously been attracted to the Aceh porphyry deposits, Rio Tinto (Tangse and Tengkereng), Phelps Dodge (Indrapuri). Freeport McMoran/Asiamet drilled Beutong, with a JORC compliant resource estimate containing 2.4 Mt of copper and 2.1 Moz of gold. Reconnaissance channel rock chip sampling of 40m @ 0.13% Cu and 0.12 g/t Au conducted by Barrick Gold was verified by resampling in 2007 Hairline quartz-magnetite+/-chalcopyrite stockwork veinlets were recorded in the clay-chlorite altered intrusive outcrop at Beurieung. Reprocessing of Woyla Project airborne magnetic and radiometric data is complete and interpretations have noted distinct magnetic highs in this southern part of the CoW project area in and around the Beurieung porphyry system, suggesting multiple intrusives within the variably altered volcanics.