PAY SPECIAL ATTENTION TO THIS EXERT AND WITH KNOWLEDGE THAT MR. FELDERHOF PASSED HIS POLYGRAPH TEST................................... The objective of the program is to evaluate the
potential of the Tanah Laut area for shallow, oxidized gold in a large
tonnage, metasedimentary setting.
The host rock at Tanah Laut is similar to the geological environment of
the Brasilia Gold Belt, Brazil. The Brasilia Mine at Paracatu (Rio Tinto -
51%; TVX - 49%) which has been operating since 1987, produced 165,000 ounces
of gold in 1996. Cash costs of operation for the second quarter of 1997 were
US$201 per ounce. The global reserve grade is 0.44 grams per tonne. A
`Paracatu Type' Mine has no stripping and does not require drilling or
blasting, but does require crushing, grinding, flotation, gravity separation,
carbon in pulp, and carbon in leach processing.
Similar to Paracatu, the Tanah Laut area hosts a large metasedimentary
target where fine gold is unevenly distributed in clusters in the weathered
rock. The sampling procedure at Tanah Laut entails taking large representative
samples over the full depth potential of the target area. The initial drilling
program will consist of approximately 3,000m of shallow, large diameter,
vertical reverse circulation holes. Drilling will initially focus on the Rasnu
anomaly which is approximately 3,000 metres long by 100 to 400 metres wide.
Based on results at Rasnu, drilling will then be extended to sample additional
targets on the more than 5 km of soil geochemical anomalies identified over
the central block at Tanah Laut. Additional targets are thought to exist to
the northeast and southwest of the central block. |
