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26 SEG NEWSLETTER No 65 • APRIL 2006... from 25Exploration Reviews (Continued)EXPLORATION REVIEWSfrom 241 m, and 30 m @ 9.2% Cu. Aninferred resource for Einasleigh is840,000 t at 3.6% Cu, 0.19 g/t Au, and16 g/t Ag. The inferred resource at thenearby Kaiser Bill prospect is 11 Mt at0.84% Cu, 0.15 g/t Au and 6.3 g/t Ag.CopperCo Ltd. reported that drillingat the Lady Annie project yielded anintersection of 22 m @ 6.7% Cu from173m downhole below the Lady Annieoxide resource. Other intersectionsincluded 23 m @ 0.45% Cu from 103 mand 10 m @ 0.82% Cu from 144 m.Recent drilling at Mount Kelly faultzone near Flying Horse gave results of24 m @ 4.7% Cu, 18 m @ 4.22% Cu,and 25 m @ 1.58% Cu.Matrix Metals Ltd. reported 28 m @2.93% Cu from 235 m at its McCabedeposit south of Cloncurry. This drillingwas to test extensions to the existingmineralization. The latest follow updrilling gave 18 m @ 3.5% Cu, and 8 m@ 3.39% Cu.Current exploration in Queensland isbeing assisted by the Department ofNatural Resources, Mines and Water’s$20M Smart Exploration initiativewhich is currently running groundgravity and airborne geophysics surveysin the Mount Isa region to expand discoveryin one of the world’s largest copperand base metals province.NEW SOUTH WALESThe search for Intrusion Related GoldDeposits (IRGD) in New South Waleshas accelerated, particularly in the Sn-W terrains of central and eastern NewSouth Wales. In the Lachlan Fold Belt(LFB), Moly Mines Dargues Reefdeposit is a recognized member of thisdeposit type, and farther west CullenResources is searching for similardeposits and their W analogues. In theNew England fold belt (NEFB) the onlyrecognised IRDG deposit is the minedoutTimbarra Au-Bi-Mo deposit, howeverMalachite Resources Phoenix discoveryalso displays characteristicstypical of this deposit type.At Boonoo Boonoo in the northernNEFB, Macmin Silver has drilled fourAu-Ag lodes with best results of 5 m @3.45 g/t Au and 133 g/t Ag at the Starof Hope Lode. Farther east, DrakeResources has recently completed adrilling program which has emphasizedthe potentially valuable zones of Zn ina previously defined resource below theStrauss pit at Drake. Intersections includedrill holes DP19 (20 m @ 6.2 g/t Au and2.03% Zn from 17 m depth, including 2m @ 9.1% Zn) and DP20 (11 m @ 3.8 g/tAu and 3.93% Zn from 6 m depth).In the LFB, very significant highgradeassays have been received for twoinfill holes in Triako Resources’ HeraAu-base metal deposit. Economic modellingof the project during the prefeasibilitystudy concluded that the returnfrom developing the Hera project ismost sensitive to changes in headgrade, in particular the gold headgrade. These new high-grade assays willfurther enhance the economics of theproject.Also in the LFB, results received byAlkane Resources from diamond drillingcontinue to add high-grade interceptswithin the Wyoming One resource.Intercepts include holes WY 838D (9 m@ 9.57 g/t Au from 207 m including 5m @ 15.6 g/t gold from 208 m) and WY839D (15 m @ 4.43 g/t Au from 99 m,and 6 m @ 7.98 g/t Au from 151 m).Visible gold was observed in severalintervals and these will be checked byscreen fire assay. These results follow onfrom the recent discovery of a new highgradestructure intersected by WY 831D,which returned an intercept of 66 m @19.49 g/t Au from 268 m.News from the Broken Hill provincehas been scarce lately with all the operatorsvery busy. However, another majorhas recognized the potential for worldclassbase metal deposits with TeckCominco entering into a JV with a syndicateof local NSW-based companiesover the Stephens-Centennial project.In the NE section of the province, theKoonenberry belt is considered highlyprospective, in part due to the recentmapping work by the GeologicalSurvey of NSW. Black Range Mineralshas reported high-grade Cu intersectionsat its Flagship prospect at BrokenHill, including 7 m @ 5.51% Cu located2 km west of the existing workings.SOUTH AUSTRALIAJoint venture partners AdelaideResources and Iluka Resourcesannounced the discovery of significantheavy mineral sand occurrence at theTripitaka prospect in the Eucla basin. Amineralized zone up to 2 km in lengthand over 1 km in width has been identified,with drill traverse lines identifyinga central core of heavy mineral sandscontaining 68% zircon. Some of thebetter intersections include: 21 m at5.6% HM from 1.5 m below surface, 21m at 4.1% HM from 1.5 m below surface,19.5 m at 3.5% HM from 6 mbelow surface.Gunson Resources reported theresults of a deep drilling program at itsChianti Cu prospect at Mount Gunsonin the Gawler craton. Hole MGD 34,completed to a depth of 600 m returned2 m at 3.4% Cu and 0.2 g/t Au from549-551 m. The mineralization occursas bornite and chalcopyrite in hematiterichgranite breccia.Havilah Resources intersected newCu-Au-Mo mineralization at a PIRSAsupportPACE drilling project 6 km S ofits Kalkaroo Cu deposit. Best resultsinclude 63 m @ 0.4% Cu and 69 m @0.67 g/t Au. The Kalkaroo deposit has aresource estimated of 70 Mt @ 0.47%Cu, 0.46 g/t Au, and 124 ppm Mo.Marathon Resources has commenceda 19-hole drilling program targetingthe Hodgkinson, Mt Gee, andArmchair-Streitberg U prospects locatedin the Mt. Painter inlier in the NorthernFlinders Ranges. Best results from thefirst three diamond holes from theHodgkinson prospect include 12 m @0.46% uranium oxide from 51 m and 2m @ 0.23% uranium oxide from 53 m.Maximus Resources have commenceddrilling to explore the downdippotential of the historic Bird in Handgold mine in the Adelaide Hills. Initialresults include 9 m (true width estimatedat 6.5 m) at 31.2 g/t Au, 58.3 g/tAg, 5.8% Pb, and 4.6% Zn from 158 m.Metals Exploration acquired theWingellina Ni laterite project in theMusgrave Range province and undertookat 20,000 m RC drill program.Wingellina contains an estimated 227Mt of ~1% Ni and 0.07% Co in a predominantlylimonitic host assemblageassociated with a layered dunitic intrusivecomplex. Drilling results include184 m @ 1.05% Ni, and 0.09% Co from8 m and 132 m at 1.18% Ni and 0.08%Co from surface.NORTHERN TERRITORYRenison Consolidated Mines has completeda 20-hole diamond drilling programat its Tom’s Gully gold mine,located 90 km south east of Darwin.The resource estimate for the deposit is