PROJECTS

Australia

The Company will have a 100% legal and beneficial interest in the Silver Swan South, Red Gate, and Middle Creek Projects in Western Australia, comprising 29 tenements for a total landholding of approximately 227.8km2. The Silver Swan South and Red Gate Projects are located in the Eastern Goldfields whilst the Middle Creek Project is located in the Eastern Pilbara. The tenements predominantly are prospective for economic gold mineralisation, with Silver Swan South also being prospective for Nickel.

Silver Swan South, Red Gate and Middle Creek project locations in Western Australia.

USA

In the United States of America (USA) the company holds a 100% legal and beneficial interest 79 claims and is party to the Option Agreement, which covers a further 11 claims in Baker County, eastern Oregon, USA. In total the claims cover approximately 7km2 in the Ironside Mountain Inlier. The Bull Run project is prospective for gold and has been mined intermittently since approximately 1929.

Location of the Bull Run Project in Oregon USA