Queensland Mining Corporation Ltd

Queensland Mining Corporation Ltd

Technical Report

1033

Exploration Permit for Minerals No 14148 ‘White Range #1’, Queensland

Annual Report

For the Period Ended 18th October 2011

QUEENSLAND MINING CORPORATION LTD ANNUAL REPORT EPM 14148 WHITE RANGE COPPER PROJECT

EPM 14148 ANNUAL REPORT November 2011

QUEENSLAND MINING CORPORATION LTD

TECHNICAL REPORT

No. 1033 TITLE: EXPLORATION PERMIT FOR MINERALS No.14148 ‘WHITE RANGE #1’, QUEENSLAND ANNUAL REPORT FOR THE PERIOD ENDING 18th OCTOBER 2011 HOLDER: MATRIX METALS LTD OPERATOR: QUEENSLAND MINING CORPORATION LTD 1:250,000 SHEET: SF54-2 CLONCURRY 1:100,000 SHEET: CLONCURRY (7056), MOUNT ANGELAY (7055),

MARRABA (6956) AND MALBON (6955) INVESTIGATIONS CONDUCTED BY: QUEENSLAND MINING CORPORATION LTD AUTHORS: P.L.PAULL PLP Geological Consultancy Pty Ltd SUBMITTED BY: G. XU DATE: 22nd NOVEMBER, 2011

DISTRIBUTION



1. Queensland Mining Corporation Ltd, Exploration Office Cloncurry 2. Queensland Mining Corporation Ltd, Sydney 3. Queensland Department of Mines and Energy



LIST OF CONTENTS 1. INTRODUCTION.......................................................................................................... 2

2. LOCATION AND ACCESS.......................................................................................... 4

3. TENURE ........................................................................................................................ 4

4. EXPLORATION RATIONALE .................................................................................... 7

5. REGIONAL GEOLOGY ............................................................................................... 7

6. PREVIOUS EXPLORATION...................................................................................... 11

7. CURRENT EXPLORATION ...................................................................................... 12

7.1 EAGLE PROSPECT...................................................................................................... 12

7.1.1 Eagle Prospect Reconnaissance Mapping and Sampling............................................ 12

7.1.2 Eagle Prospect Reappraisal ........................................................................................ 17

7.2 MANOMM PROSPECT ............................................................................................... 20

7.2.1 Manomm Prospect Reconnaissance Mapping and Sampling...................................... 20

7.2.2 Manomm Prospect Reappraisal................................................................................... 22

8. CONCLUSIONS .......................................................................................................... 23

9. PROPOSED WORK PROGRAM FOR NEXT YEAR ............................................... 23

10. REFERENCES............................................................................................................. 24



LIST OF FIGURES

Figure No Title Scale

1 EPM 14148 White Range #1 Location Plan

2 EPM 14148 White Range #1 1:250,000

Location and Access Plan

3 EPM 14148 White Range #1 1:150,000 Sub-block Location Plan

4 EPM 14148 White Range #1 1:150,000

Regional Geology Plan

5 EPM 14148 White Range #1 1:7,500 Eagle Prospect -80# Soil Sample Number and Sample Location Plan

6 EPM 14148 White Range #1 1:7,500 Eagle Prospect -80# Soil Gold ppb Values Location Plan

7 EPM 14148 White Range #1 1:7,500 Eagle Prospect -80# Soil Copper ppm Values Location Plan

8 EPM 14148 White Range #1 1:7,500 Eagle Prospect -80# Soil Barium ppm Values Location Plan

9 EPM 14148 White Range #1 1:7,500

Eagle Prospect -80# Soil Potassium ppm Values Location Plan

10 EPM 14148 White Range #1 1:7,500 Eagle Prospect -80# Soil Gold ppb Image Plan

11 EPM 14148 White Range #1 1:7,500 Eagle Prospect -80# Soil Copper ppm Image Plan

12 EPM 14148 White Range #1 1:7,500 Eagle Prospect -80# Soil Barium Image Plan

13 EPM 14148 White Range #1 1:7,500

Eagle Prospect -80# Soil Potassium ppm Image Plan



LIST OF FIGURES Figure No Title Scale

14 EPM 14148 White Range #1 Eagle Prospect -80# Soil Gold ppb Probability Plot

15 EPM 14148 White Range #1 Eagle Prospect -80# Soil Copper ppm Probability Plot

16 EPM 14148 White Range #1 Eagle Prospect -80# Soil Barium ppm Probability Plot

17 EPM 14148 White Range #1 Eagle Prospect -80# Soil Potassium ppm Probability Plot

18 EPM 14148 White Range #1 1:12,,500 Manomm Prospect Aeromagnetics and Geochemistry Plan

19 EPM 14148 White Range #1 1:2,,500 Manomm Prospect Xstrata Geology and Geochemistry Plan

20 EPM 14148 White Range #1 1:12,,500 Manomm Prospect Cyprus Drill Holes on Xstrata Aeromagnetics Plan



SUMMARY EPM 14148 ‘White Range #1’ was acquired to undertake exploration for bulk

tonnage Greenmount and Mount McCabe styles oxide copper deposits and iron

oxide copper gold (IOCG) deposits within the marginal zone of the Marimo Basin.

.

This report comprises a summary of exploration activities completed during the 12-

month period ending 18th October 2011.

Queensland Mining Corporation Ltd acquired title to the tenement from the

Liquidators of Matrix Metals Ltd on the 16th July 2010 and commenced data analysis

and the formulation of exploration strategies.

It is envisaged a comprehensive exploration programme will be instigated during the

next reporting period, comprising lag, soil and rockchip sampling programmes and

drilling.


2 EPM 14148 ANNUAL REPORT November 2011

1. INTRODUCTION This report has been prepared to present exploration activities undertaken on

Exploration Permit (EPM) 14148 during the twelve months from the 19th of October

2010 to the 18th of October 2011.

EPM 14148, which is located in the Mount Isa region of northwest Queensland

between latitudes 20°55’S & 21°10’S, and longitudes 140°24’E & 140°40’E, was

granted to Matrix Metals on the 19th of October 2004 for a term of four years. The

tenement is centred on a point approximately 30km south of Cloncurry (Refer to

Figures 1 & 2), partly surrounding Matrix’ Mining Leases ML 2519 (“Vulcan”),

90082 (“Mount McCabe”), and 90134 (“Greenmount”), as well as the Company’s

Mineral Development Licences MDL 205 (“Greenmount”), and MDL 204 (“Copper

Canyon”). These leases contain estimated combined resources of some 9 Mt at a

grade of a little over 1% copper.

Matrix Metals Ltd Joint-Ventured EPM 14148 and the Mt McCabe ML within the

tenement to Xstrata Copper Pty Ltd with the JV taking effect from 14th September

2006, with Xstrata to manage their own exploration.

Under the terms of the JV, Xstrata can earn 55% interest in EPM 14148 by

expending not less than $5million in three years on the JV tenements.

Xstrata can earn a further 20% by spending a further $10million within a further five

year period, or completing a feasibility study during the sole funding period.

Matrix was to maintain 100% ownership of the tenements to a depth of 100 metres,

until a decision to mine is made, at which time the JV has the right to buy that part

of the tenements at fair market value.

Following an expenditure of some $1.85 million on the tenements in the intervening

period, on the 12 May 2009 Xstrata advised Matrix that the Joint Venture agreement

was formally terminated and that they would have no further interest in the

tenement.

Following financial difficulties encountered due to the Global Financial Crisis (GFC)

and the collapse of the Copper price, on the 11 November 2008 Matrix appointed

an Administrator whom subsequently became the Liquidator’s (Ernst & Young), and

several days later a Receiver / Manager (Deloitte) was appointed over certain



assets of the Company. Queensland Mining Corporation Ltd (QMC) acquired title to

the tenement from the Liquidators of Matrix Metals Ltd on 16 July 2010. As a result



of this only limited field exploration activities have been possible during the reporting

period.

2. LOCATION AND ACCESS

The tenement, which is centred on a point approximately 30 km south of

Cloncurry partly surrounds Matrix’ (now QMC’) Mining Leases ML 2519 (“Vulcan”),

90082 (“Mount McCabe”), and 90134 (“Greenmount”), as well as the Company’s

Mineral Development Licences MDL 205 (“Greenmount”) and MDL 204 (“Copper

Canyon”). These leases contain estimated combined resources of some 9 Mt at a

grade of a little over 1% copper.

(Refer Figures 1 & 2).

The EPM 14148 area can be reached from Cloncurry via the sealed Cloncurry-

Dajarra road for a distance of some 40km, then by station tracks for a further 40 to

50km. Alternative access is along the eastern side of the Cloncurry River via

station tracks for a distance of some 40 to 50km. These station tracks are

frequently inaccessible during the wet season.

3. TENURE

When EPM 14148 was granted on the 19 October 2004 the Permit consisted

originally of 64 sub-blocks in eight discrete groups, the larger south-eastern one

being a sub-block group of 43. Two of the other larger groups of eight and seven

sub-blocks each, were located respectively to the north and west of this. At the

subsequent October 2006 anniversary the tenement was reduced to the present 32

sub-blocks in six groups as shown in Figures 2 & 3, and tabulated below in Table 1.

Table 1 – EPM 14148 Sub-Block Detail BIM CLONCURRY

Blocks Sub-blocks # 821 K 1 822 Q 1 823 P, T 2 894 B, J, O, P, T, U, Y, Z 8 967 D, E, F, G, H, J, K, O, P, U, Z 11 968 A, B, C, F, G, H,L,Q,V 9

(Refer to Figure 3) Total: 32



FIGURE: 2 EPM 14148 LOCATION AND ACCESS PLAN



FIGURE: 3 EPM 14148 SUB-BLOCK LOCATION PLAN

On 15 October 2008 application for renewal of EPM 14148 was submitted to the

Department of Mines and Energy in Brisbane, and on 15 January 2010 a renewal of



all 32 sub-blocks was granted for 2 years from 19 October 2008. Subsequently on

13 August 2010 application for further renewal of EPM 14148 for a period of 5 years

was submitted to the Department, this report the tenement still consisted of all 32

sub-blocks.

Queensland Mining Corporation Ltd acquired title to the tenement from the

Liquidators of Matrix Metals Ltd on 16 July 2010.

Due to the situation with the liquidation of Matrix Metals Ltd nil relinquishment was

granted by the DME.

4. EXPLORATION RATIONALE EPM 14148 ‘White Range #1’ was acquired to undertake exploration for bulk

tonnage Greenmount “vein stockwork/disseminated” and Mount McCabe

“breccia/vein stockwork” styles of oxide copper deposits and iron oxide copper gold

(IOCG) deposits within the marginal zone of the Marimo Basin.

QMC intends to fully investigate the oxide copper potential of the known prospects

for vein stockwork and disseminated copper oxide hosted in the slates in the

marginal zone of the Marimo Basin and breccia hosted mineralisation of the Mount

McCabe style.

The vein stockwork/disseminated style is known to occur at the following prospects;

Sierra, Toby Barty, Mount Cyril and Chopper Ridge, while the breccia style is

present at Sierra and the relatively unexplored Sierra South Prospect.

Also stockwork veining/joint fill copper oxide in extremely silicified Marimo slates

remains to be explored at the SiPa Prospect and the Sierra West zone.

In addition to these styles of mineralisation, IOCG style mineralisation and primary

sulphide mineralisation potential beneath the copper oxides will be explored.

5. REGIONAL GEOLOGY

Figure 4 shows the general geology of the tenement largely based on the 1:100,000

scale Geological Sheets for Cloncurry (7056), Mount Angelay (7055), Marraba

(6956) and Malbon (6955). These Sheets are supplied on the March 2007 DVD

“Queensland Geological Mapping Data for Regional and 1:00,000 Sheet Areas”, by

the Department of Mines & Energy, Queensland, and form respectively the SE and

NE corners of the Cloncurry 1:250,000 Geological Sheet (SF54-02), and the

Duchess 1:250,000 Geological Sheet (SF54-06)



FIGURE: 4 EPM 14148 REGIONAL GEOLOGY PLAN



The tenement is underlain by rocks of the Mary Kathleen Group and the Young

Australia Group. The former being part of Cover Sequence 2, and the latter

belonging to Cover Sequence 3 (Foster & Austin, 2006). The various Rock Units

included in these two groups are listed in the legend in Figure 4a, which also shows

the lithologies that make up the different Units. As shown in Figures 4/4a, the

majority of lithologies underlying the tenement are metasedimentary, and include

mostly slate, quartzite, jaspilite, and calc-silicate rocks, with minor arenite,

limestone, and siltstone.

The Mitakoodi Quartzite (PLnm/1 to PLnm/3) is the oldest unit of the Mary Kathleen

Group, and crops out in the most south-western corners of the larger west group of

sub-blocks. This unit is overlain to the east by the Overhang Jaspilite (PLkj and

PLkj/q), with minor amounts of Corella Formation (PLkc) occurring further east

again. The youngest unit of the Mary Kathleen Group, the Doherty Formation (PLkd

and PLkd/br) is only represented in the southeastern-most sub-block of EPM 14148.

The Young Australia Group comprises rock units formerly assigned to the Mary

Kathleen Group, but which were subsequently found to be considerably younger

(Foster & Austin), and are now assigned to Cover Sequence 3. Units cropping out

in the original “Toby Barty” and “Overhang” areas belonging to this category are the

Staveley Formation (PLks and PLks/br) and the overlying Marimo Slate (PLkm,

PLkm/1a, PLkm/1l, PLkm/1s, PLkm/1t, and PLkm/2).

The three small blocks to the north west are underlain by various Members of the

Marimo Slate (shown as PLkm in Fig. 4), which is a unit of the Middle Proterozoic

Mary Kathleen Group. These rocks comprise siltstone, grey and brown shale, slate,

sandstone, quartzite, and conglomerate (Member 1); siltstone, calcareous siltstone,

marl, limestone, and quartzite (Member 1a); siltstone and slate (Member 1s);

phyllite, mica schist, siltstone, and shale (Member 1t); fine sandstone, quartzite, and

siltstone (Member 1q); ferruginous siltstone, fine sandstone, minor marl and

conglomerate (Member 2). The lower block also has small outcrops of the

underlying Staveley Formation, another unit of the Mary Kathleen Group,

comprising poorly sorted, variably calcareous, ferruginous, feldspathic and siliceous

arenite, siltstone and phyllite; calcareous granofels; minor breccia, limestone,



banded ironstone, chert (PLks), and calcareous and ferruginous breccia, minor

bedded calcareous granofels and arenite (PLksbr, Member br).

Staveley Formation rocks are more widespread in the central group (7 sub-blocks),

where they are represented largely by two Members. These include siltstone,

shale, and phyllite, with minor feldspathic arenite (PLkst), and calcareous and

ferruginous breccia, with minor bedded calcareous granofels and arenite (PLksbr).

The remainder of the group is underlain by Marimo Slate (PLkm), represented by

carbonaceous siltstone and slate, limestone, calcareous sandstone, as well as

minor marl, arenite, phyllite, chert, and siliceous to calcareous breccia. The south-

east corner is occupied by the Roxmere Quartzite (PLpr), the basal unit of the

Mount Albert Group of Middle Proterozoic age, post-dating the Mary Kathleen

Group rocks. The rocks making up this unit are feldspathic arenite and quartzite,

calcareous and quartzofeldspathic sandstone, with some minor siltstone, and

conglomerate.

The two small blocks to the north are again underlain by similar lithologies as the

ones outlined above, apart from the most northerly portions where Corella

Formation rocks (PLkc) have been mapped. The Corella Formation, like the

Marimo Slate and Staveley Formation, also forms part of the Mary Kathleen Group,

but pre-dates these units. Its lithologies include banded gneissic calc-silicate rocks,

variably scapolitic, amphibolitic, siliceous, calcareous, and/or feldspathic, as well as

minor massive to sheared metavolcanics, metasiltstone, quartzite, marble, mica

schist, slate, phyllite, and breccia.

The remainder of these northern blocks contain Staveley Formation calcareous and

ferruginous breccia, with minor bedded calcareous granofels and arenite (PLks,

PLksbr), and Marimo Slate carbonaceous siltstone and slate, limestone, calcareous

sandstone, as well as minor marl, arenite, phyllite, chert, and siliceous to calcareous

breccia. Roxmere Quartzite also occurs in these blocks and all of the above

lithologies are in places overlain by Mesozoic conglomerate, sandstone, siltstone,

claystone, grit; minor mudstone, chert, silcrete, and ferricrete.

Finally the larger southern group (20 sub-blocks), has two Formations of the Mary

Kathleen Group, one being the Corella Formation (PLkcbr), in this area consisting

of calc-silicate breccia, and the other the slightly younger Doherty Formation



(PLkd), which includes banded to massive, amphibolitic, siliceous and calc-silicate

granofels, with minor calc-silicate breccia. Both Formations are intruded by

dykes/sills, and bodies of metadolerite, schistose and massive amphibolite, and

dolerite, all of various Late Proterozoic ages.

The Doherty and Corella Formation rocks are also intruded by two phases of the

Williams Batholith. In the east a body of Mount Angelay Granite (PLgia) crops out,

comprising non-porphyritic to porphyritic biotite, hornblende and hornblende-biotite

granite, locally foliated, and with minor pyroxene-bearing granite, granodiorite,

leucogranite, and aplite.

In the south-western corner a small intrusion of Squirrel Hills Granite (PLgis),

consisting of biotite and hornblende-biotite granite, with minor porphyritic granite

and aplite, is exposed.

A very small body of leucogranite, with common xenoliths, is mapped in the north-

west of the block. This area is also traversed by the southern end of the NNE-erly

striking Big Mick Fault.

6. PREVIOUS EXPLORATION

All known mineral occurrences and historic workings of the tenement are located

across the groups of sub-blocks as shown in Figure 4. Previous reporting has also

illustrated the presence of numerous small unnamed occurrences, mostly small

copper shows. (Rypkema, 2006; Paull, 2007).

The geology, mineral occurrences and historical exploration have been reported in

detail in previous annual and partial relinquishment reports, and the reader is

referred to these for further information. (Rypkema, 2006; Paull, 2007; Harvey et al,

2008).

All recent geological mapping and interpretation conducted by Matrix has been

reported previously. Earlier work by Xstrata and Deep Yellow Ltd on EPM 14148

has been previously reported in the 2007 - 2009 Annual Reports to the Department.

(Paull, 2007; Harvey et al, 2008; Frew, 2009)



7. CURRENT EXPLORATION Since acquiring the tenement in mid July, 2010 Queensland Mining Corporation Ltd

(QMC) has undertaken, a data review and analysis, field reconnaissance and

formulation of exploration strategies. To facilitate access numerous access tracks

have been gradered.

The data review and analysis has focussed on the Eagle and Manomm Prospects,

and the results are presented below;

7.1 EAGLE PROSPECT

7.1.1 Eagle Prospect Reconnaissance Mapping and Sampling

Extract from Xstrata’s 2008 Report on exploration undertaken by Xstrata.

Introduction

The Eagle Prospect, an IOCG target located 9 km south-east of Mount McCabe, is

defined by an intense magnetic response associated with a gabbroic body intruding

calc-silicate rocks. The magnetic system expresses itself over an area of

approximately 2 km with elevated copper, gold and uranium values reported in rock

chip and stream sediment samples coincident with this magnetic feature. Previous Work

A total of 27 -80# stream sediment samples (mainly taken by Matrix, some by

previous explorers) generally returned assays better than 100ppm copper with a

maximum of 280ppm copper. Gold values are commonly elevated (to 0.032g/t) with

two highly anomalous results of 0.517g/t (with 97ppm copper) and 0.11g/t (with

133ppm copper).

Anomalous rock chip samples collected by Matrix returned copper-gold values of

37.3 % copper, 22.7% copper with 2.12g/t gold, and 22.2% copper with 0.68g/t

gold, 2.4% copper with 1.71g/t gold and 0.98% copper with 1.25g/t gold. Also

several samples were found to be anomalous in uranium; up to 216ppm uranium.

Mapping completed by Matrix at 1:2,500 scale identified a large gabbro body

intruded by pegmatite.

The published 1:100,000 geological map shows a dolerite body of approximately 1

by 0.75km dimensions corresponding with that shown on the Matrix map. This

intrudes rocks of the Corella and Doherty Formations. A strong magnetic anomaly

corresponds well with the mapped mafic intrusive, but elongate lobes of anomaly



extend to the south and southeast of the main anomaly, in the former case for over

3km.

Geological Mapping/ Rock Chip Sampling

Following reconnaissance mapping over the magnetic system and anomalous

geochemistry, a 1:5,000 scale map was produced (Figure 5, Xstrata Report

Drawing No. 58693). Eleven rock samples were dispatched for multi-element

analysis (Xstrata Report Appendix 5) and three samples were sent to Applied

Petrological Services (APS) in New Zealand for thin and polished section study

(Xstrata Report Appendix 6).

Outcrop is extremely good in this area which is underlain by finely bedded calc-

silicate rocks of the Corella/Doherty Formations. A large area of ‘Type 1’ (JCU

classification) breccia lies to the southeast of the main mafic intrusive. The calc-

silicates have a metamorphic/metasomatic assemblage of albite/K-feldspar

(probably the regional albite alteration) ± epidote ± actinolite ± tremolite ± silica ±

clinopyroxene ± magnetite. The magnetite appears to be spatially related

to the mafic intrusive. Pink feldspar alteration appears very widespread in the

general area but decreasingly so to the east. Scapolite is rare suggesting the calc-

silicate minerals are largely due to alteration.

These rocks generally strike approximately 330º and dip steeply to the west. There

are some variable bedding attitudes in the area of Type 1 brecciation.

Eight mafic intrusive bodies were mapped in the area, the largest of these is about

1.3km by up to 0.9km in size and corresponds quite well with that shown on the

published geological maps. The second largest is a 1.5 by 0.5km sill that occurs to

the south of the western part of the main intrusive. These intrusives are presumably

apophyses of a larger mafic body at depth.

The outcropping mafic rocks are quite easily distinguishable on the Google Earth

imagery.

These mafic rocks are quite variable in texture and composition with fine-grained

dolerite (usually at intrusive margins), dolerite, gabbro and mafic diorite recognised

in the field. All variants are composed of amphibole (metamorphic?) and

plagioclase, rare quartz phenocrysts were seen. Alteration is extremely variable

ranging from essentially non-existent with only joint controlled epidote to a strong

albite/K-feldspar – epidote – actinolite assemblage similar to in the calc-silicate

rocks. This alteration is best developed in the western part of the area. The mafic

units are almost everywhere magnetic, sometimes very strongly so. Magnetite is



generally disseminated throughout the rock, most often it appears to be a primary

constituent of the rock, and only rarely does it appear to be clearly hydrothermal in

minor veinlets and clusters of magnetite.

The airborne magnetic anomaly corresponds well with the field observations of

magnetite in mafics and the surrounding calc-silicates.

Pegmatite/aplite bodies intrude the mafics and the calc-silicates. These are dykes

and sills ranging from less than a metre to 200m wide and consisting of quartz,

plagioclase and Kfeldspar.

Myrmekitic texture is common. These felsic intrusives are of magmatic origin and

are distinct from the pegmatites found in the higher grade metamorphics to the

southeast which contain tourmaline and muscovite and are interpreted to form from

partial melting. At Eagle, the felsic intrusives clearly post-date the mafic bodies.

Mineralisation

The rock samples with high grade copper and gold were found to have been

selective samples taken from a small area (approximately 40 by 10m) of sub-

cropping boulders of siliceous gossanous rock with minor malachite and

chrysocolla, quartz breccia and silicified carbonate, or from float in a stream

draining this occurrence. This sub-crop occurs just to the west of the largest mafic

intrusive body. Another similar area of sub-cropping boulders of similar (but less

well mineralised) material occurs about 120m to the north northwest. A Matrix rock

sample, from here assayed 920ppm copper. There is little outcrop (calc-silicate) in

the area between these two occurrences. This mineralisation does not have obvious

IOCG affinities.

Elsewhere very small quantities of chalcopyrite with lesser pyrite and some possible

native copper are quite common as fine-grained disseminations within the mafic

units. No such mineralisation has been seen in the calc-silicates. Sometimes the

chalcopyrite occurs within essentially unaltered mafic (a primary constituent of the

rock?); in other places it appears to be associated with the alteration assemblage,

especially epidote. No hydrothermal or tectonic brecciation, which could provide an

open space host for IOCG mineralisation, was seen in outcrop or float. A summary

of the rock assays is shown in Table 6.

As expected, the mafic intrusive with disseminated chalcopyrite generally assayed a

few hundred parts per million. The great majority of the copper anomalous stream

sediment samples were from streams draining the mafic units. A number of these

samples were from very small streams, less than 200m in length, draining solid



mafic intrusive outcrop and containing only mafic intrusive float. Clearly the copper

was derived from the minor chalcopyrite disseminations in these units.

Sample Description Au (g/t)

Cu (ppm/%)

MA77385 Yellow-brown siliceous ironstone float 0.019 1175

MA77386

Silic calc-sil, ferr silic bx cement, qtz clasts and veins, gossanous, malachite & chrysocolla. Site of Matrix high grade sample. 0.93 7.22%

MA77387 Dolerite, intense alb-ep-act-mt, tr fgr cpy <0.001 158

MA77388 Mafic qtz dior, wk ep-alb alt, mod-str mt, tr cpy & py disseminated

<0.001 174

MA77389 Mafic dior/dol, wk gen fx cont. alb & ep, str mt, tr specks cpy and ntv Cu? 0.004 1110

MA77390 Dol/dior, vstr alb/ksp alt, act-ep, prob hydr mt 10%+, tr cpy assoc with epidote 0.012 354

MA77391 Dior/gab, var ep alt, some alb/ksp, some alb-act vns, tr cpy assoc with epidote 0.001 286

MA77392 Pegmatite, qtz-K-feldspar <0.001 5

MA77393 Dolerite, alb/ksp-act-str mt alt, tr cpy & malachite 0.018 431

MA77394 Dol/dior, qtz vns, bi-alb-act-ep alt, tr wthd sulfide - py? Wk to non-magnetic

<0.001 28

MA77395 Mafic dior, var alb/ksp-ep-act-str mt, tr sulfide and malachite 0.012 438

Table 6: Eagle Prospect - Rock Samples Assay Summary

The uranium anomalous rock samples appear to have all been taken from unaltered

pegmatite outcrop thus the high uranium appears to be due to high background

within these rocks rather than being of IOCG affiliation. The one sample of

pegmatite collected in this phase of work only assayed 20ppm uranium.

Petrological Report Three samples of copper mineralised mafic intrusive were

submitted to Applied Petrological Services for petrological examination (Appendix

6).The following is a brief summary of the observations:

Primary lithology

• Primary lithology is probably melanocratic quartz-amphibole-pyroxene-

magnetite

diorite; possible gabbro. Alteration

• Early metasomatism comprises hornblende, albite, magnetite, hematite,

epidote and tourmaline. In one sample quartz, clinopyroxene, hornblende,

magnetite, biotite, K-feldspar, hematite and magnetite is the earliest alteration

assemblage.

• Later metasomatic mineralogy consists of sericite, actinolite/tremolite, chlorite,



epidote, pyrite, carbonate, prehnite and rutile. Mineralisation

• Grains of chalcopyrite are intergrown with earliest metasomatic replacement

assemblages, in places intergrown with secondary magnetite and amphibole. There

is also some pyrite.

• Possibly more abundant chalcopyrite is intergrown with late hydrothermal

mineralogy.

• Some chalcopyrite is intergrown with secondary minerals filling cavities and

microfractures.

• Chalcopyrite has been altered to varying proportions of covellite, chalcocite

and later malachite and chrysocolla.

Petrologist Interpretation and Discussion

• Some evidence for a thermal metamorphic component to

replacement/recrystallisation – perhaps defining an endoskarn rock type. This

could also be due to the pegmatite intrusion.

• Both primary and secondary magnetite were observed.

• Copper sulphides are clearly metasomatic in association – with high-

temperature metasomatic and later low temperature metasomatic mineralogy.

• The copper could be internally sourced and remobilised from within the mafic

intrusive, together with metasomatic fluids.

Conclusions and Recommendations

The assay results and petrography analysis of the rock chips samples confirm the

high back ground of copper present in the mafic units which appears to account for

the elevated stream geochemistry. Primary pyrite and chalcopyrite associated with

magnetite is commonly seen in intrusive mafic units throughout the Eastern

Succession; however gold and uranium in particular, are usually only associated

with the better developed copper systems. It is suggested that the elevated

geochemistry (copper-gold-uranium) associated with what appears to be a

significant magnetic alteration system, could represent a halo to an IOCG system

and additional work is required.

Extract from Xstrata’s 2009 Report on exploration at the Eagle Prospect.

Exploration conducted by XCuX on the McCabe Project during the 2008/2009

reporting period was restricted to -80# soil surveying over the Eagle IOCG magnetic

target (Drawing No 58789), in November 2008.



The gridded -80# soil sampling program was conducted to determine the

distribution of copper over the prospect and the extent of the anomalous gold and

uranium within the system.

A total of 263 samples were collected by Terra Search and dispatched to ALS-

Chemex for analysis by a standard suite of 13 elements, As, Ag, Ba, Co, Cu, Fe, K,

Mn, Pb, S, U and Zn using method ME-ICP41s, and gold by analytical method Au-

AA21. Sample coordinates (AMG Zone 54 AGD 84) and analytical data are

provided in (Xstrata) Appendix 1.

Inspection of the data identified that elevated copper (100-455ppm Cu), zinc, iron

and cobalt is generally associated with mapped mafic units, however weakly

elevated barium, gold and potassium appear to be discriminating a NW-SE

orientated structure striking along the western edge of the magnetic dolerite

(Drawing No 58722). Uranium generally assayed below or on the detection limit

(10ppm U) of the analytical method.

The extent of the anomalism was found to be confined to the mafic units and

mapped narrow mineralised veins. Multi-element geochemistry is of low order and

the copper associated with the mafic unit is considered back ground. It was

recommended no further work be completed over the prospect.

7.1.2 Eagle Prospect Reappraisal

Queensland Mining Corporation Ltd (QMC) has undertaken analysis of previous

work on the Eagle Prospect and determined that further exploration is warranted on

the basis that Xstrata carried out soil sampling on 200m spaced lines, hence

anomalism trends are possibly distorted and that the results confirm a highly

anomalous system exists, with a very distinct gold zone trending roughly NS that is

separate from the main copper anomalous zone. Barium and to a lesser degree

potassium follow in part roughly similar trend’s to the gold, highlighting potential

albeit most likely at depth for IOCG style mineralisation.

The -80# soil gold, copper, barium and potassium values are shown in Figures 6, 7,

8 and 9 respectively. With respective Images shown in Figures 10, 11, 12 and 13.

The band values have been determined from probability plots of the respective

elements, as shown in Figures 14, 15, 16 and 17 below.

Xstrata concluded that the copper was a primary constituent of the gabbro, however

the distribution is very heterogeneous and on the data available there is a distinct



“high grade” zone trending N-S with the main gabbro body. This coupled with the

“N-S” trend in the gold values tends to suggest there are nominal N-S feeder

structures and the gabbro was a more amenable host than the surrounding

Corella/Doherty Formation.

Recent research within the Mt Isa Inlier has indicated that there is high potential for

IOCG deposits within a 750m zone around gabbroic intrusions. Hence on this

premis, one can only conclude that a prospect with a relatively large gold and

copper bearing gabbro with associated highly anomalous uranium bearing

pegmatite, albeit restricted in area, is a viable IOCG target warranting further

exploration.

FIGURE: 14 EPM 14148 EAGLE -80# SOIL GOLD in ppb PROBABILITY PLOT



FIGURE: 15 EPM 14148 EAGLE -80# SOIL COPPER in ppm PROBABILITY PLOT

FIGURE: 16 EPM 141448 EAGLE -80# SOIL BARIUM in ppm PROBABILITY PLOT



FIGURE: 17 EPM 14148 EAGLE -80# SOIL POTASSIUM in ppm PROBABILITY PLOT

7.2 MANOMM PROSPECT

7.2.1 Manomm Prospect Reconnaissance Mapping and Sampling

(Extract from Xstrata’s 2007 Report on exploration undertaken by Xstrata.)

The Manomm Prospect “is located northwest of Mount McCabe. Four holes totalling

1,298.5m were drilled by Cyprus in 1994 to 1996 to test weak geochemical anomalism

associated with a magnetic high. The area to the immediate south remained relatively

untested with previous surface geochemistry highlighting moderately anomalous copper in

soils that had not been followed up.

Field mapping was conducted in the mid-year. The area consists of a series of tight to

isoclinal north to northwest oriented, intensely altered and variably mineralised folds, faults

and shear zones. The western limb of one such fold forms a north-south-trending ridge to

the west. The limb and fold hinge occur as intensely silicified shale, with prominent

malachite staining localised at the intersection of these structures and northwest-oriented

faults. Other quartz-rich faults in the area contain minor visible chalcopyrite and pyrite. The

area was selectively rock chipped during the mapping exercise.



The locations of rock chip samples taken from the mapped area are shown in Drawing

No. 58607.

Geochemistry

A total of eight rock chips were collected during the mapping of the northwest of Mount

McCabe, immediately south of the Manomm magnetic anomaly.

Assay results from rock chips were received from ALS Chemex on 21 August 2007 (SDA

NWQ07MLB002, Appendix 1). Several of the samples showed moderately anomalous

copper values, including 9,250ppm and 1, 250ppm. These samples were taken from the

intensely silicified, north-northwest oriented, tightly folded syncline of shale that hosts

moderate fracture controlled malachite, where intersected by northwest trending, steep

southwest-dipping faults”.

Geophysics

Detailed Airborne Survey

A systematic detailed airborne magnetic and radiometric survey over a select area of the

Mount McCabe Project EPM 14148, was undertaken in May 2007 by UTS Geophysics Pty

Ltd (UTS). Data was received from the contractor in late June 2007. Magnetic and spectral

radiometric readings were taken along 50 metre spaced north-south flight lines at a nominal

terrain clearance of 25 metres; east-west tie lines were flown at a 500 metre line spacing.

Sampling interval along lines was approximately 5 metres for magnetics and 50 metres for

radiometrics. Survey extent comprised 623 line kilometres. (Xstrata Rpt Survey data are

located in Appendix 3.)

The 2007 Mount McCabe airborne magnetic and radiometric survey was designed to

investigate in detail magnetic and radiometric patterns over portion of Mount McCabe

Project EPM 14148. Contoured 1:10,000 scale images (as PDF files) of digital terrain, total

magnetic intensity, and radiometric potassium, uranium, thorium and total count are located

in Appendix 3.



3D Magnetic Modelling-Manomm

Gridded TMI data from the 2007 UTS Mount McCabe detailed airborne magnetic and

radiometric survey were processed with UBC 3D magnetic inversion software to generate

an estimated magnetic source body for the main northwest (‘Manomm) magnetic anomaly.

A shallow section comprising a series of thin layers was incorporated into the UBC mesh to

allow modelling of the DTM topography, and GPS aircraft flying height was used to derive

more accurate sampling heights. The resulting UBC mesh and magnetic susceptibility files

were then subset to separate the shallow and main mesh sections to allow direct import into

GOCAD.

Results of this modelling show the magnetic anomaly source body to comprise two discrete,

steeply west-dipping bodies elongate along 140° to 320°, with a slight offset between the

two.

At the 0.1 SI magnetic susceptibility cut-off, the stronger northern body has a strike length of

300 metres at 200 metres subsurface, incorporating a stronger (0.15 SI magnetic

susceptibility) zone in the south which extends to ground surface around 7672050mN

445650mE within a saddle in the main range of hills.

At the 0.1 SI magnetic susceptibility cut-off, the southern body has a strike length of 150

metres. Some weaker material may reach ground surface, but the body proper does not

develop until 50m to 100m sub-surface.

Both magnetic anomaly source bodies continue at depth beyond the modelled limit of over

1,000 metres sub-surface.

7.2.2 Manomm Prospect Reappraisal

The data from the previous exploration of the Manomm Prospect (Magnetic anomaly north

of Mt McCabe) by Cyprus and Xstrata has been analysed and the results indicate further

exploration is warranted.

There is a major difference between the Cyprus and Xstrata interpretations of the source of

the Manomm magnetic anomalies. Cyprus modelling invoked three magnetic bodies, two

dipping east and the major one dipping west, while Xstrata’s model consists of two bodies

dipping steeply west. Both interpretations resulted in respective conclusions that the main



western anomaly had not been intersected by the drilling carried out by Cyprus. Hence this

combined with anomalous copper soil and rockchip values plus anomalous uranium in

rockchips in an area of a large magnetic low indicates there is high potential to discover an

economic IOCG style deposit at Manomm. See Figures 18 and 19 for location of magnetic

low and anomalous geochemistry. The magnetic low zone extends southeast and

incorporates the Mt McCabe mine area indicating the possibility of a large alteration system

with the most intense alteration (magnetite destruction) occurring in the southwest corner of

the Manomm area.

Work undertaken by QMC has located the on the ground, collars of the three eastern drill

holes of Cyprus, while the pad for the western hole had been located previously, collar

coordinates are tabulated below. See Figure 20 for drill hole locations on Xstrata

aeromagnetics. HOLE ID LOCAL E LOCALN AMG66 E AMG66N RL AZ GRID AZ MAG AZ MGA DIP DEPTH PRECOLLAR COREMRD01 1800 1981 445817 7672464 262 270 230 236 ‐55 705.2 138.2 567MRD02 1400 1895.3 445953 7672080 261 270 230 236 ‐60 60 60 0MRD03 1400 1880 445939 7672073 262 270 230 236 ‐60 303.2 96.6 206.6MRD04 445502.8 7671806 260 93.5 53.5 59.5 ‐65 230.1 149.3 80.8

Cyprus Drill Hole Metadata

8. CONCLUSIONS The data analysis and interpretation of previous exploration has led to the conclusion that within EPM 14148 there is high potential for the discovery of economically viable copper deposits, particularly of the IOCG style of deposit. At the Eagle Prospect, soil and rockchip copper anomalism indicates that there was a mineral rich fluid system operating in an area with favourable host rocks present. Similarly at the Manomm Prospect the occurrence of large magnetic anomalies, favourable host rocks with visible copper mineralisation indicates high potential for the discovery of economic IOCG style mineralisation.

9. PROPOSED WORK PROGRAM FOR NEXT YEAR

It is envisaged that a comprehensive exploration programme will be instigated in the

coming year. This is anticipated to include lag sampling, soil and rockchip sampling,

geophysics and if warranted drilling.

.



10. REFERENCES

Dredge, C.P., 1994. EPM 7996-Green Valley, Annual Report for the period ended

August 12, 1993. Cyprus Gold Australia Corporation.

Dredge, C.P., 1995. EPM 7996-Green Valley, Annual Report for the period August

13, 1994 to August 12, 1995. Cyprus Gold Australia Corporation.

Foster, D., Austin, J., 2006. pmdCRC 12+3 Mt Isa Eastern Succession Project

Final Report, School of Earth Sciences, James Cook University, Townsville QLD.

Frew, B.G., Quinn, M.D 2010. Annual Report for EPM 14148 ‘White Range #1’,

for the period ending 18th October 2010. Queensland Mining Corporation Ltd

(Matrix Metals Ltd), Report to Department of Mines and Energy.

Frew, B.G., 2009. Annual Report for EPM 14148 ‘White Range #1’, for the period

ending 18th October 2009. Matrix Metals Ltd, Report to Department of Mines and

Energy.

Harvey, T.V., Wynn, L., Von Holt, L.W., Davey, G.R., Jungmann, D.G., 2008.

Miscellaneous Report ISAMISREP.396, Mount McCabe Project Queensland,

Annual Report for the period ending 18th October 2008. Xstrata Copper Report to

Department of Mines and Energy.

Paull, P.L., 2007. White Range Copper Project, Report for EPM 14148 ‘White

Range #1’, for the period ending 18th October 2007. Matrix Metals Ltd, Report to


Rypkema, H.A., 2006. Annual Report for EPM 14148 ‘White Range #1’, for the

period ending 18th October 2006. Matrix Metals Ltd, Report to Department of

Mines and Energy.

Rypkema, H.A., 2006. Partial Relinquishment Report for EPM 14148 ‘White Range

#1’, for the period ending 18th October 2006. Matrix Metals Ltd, Report to




Shywolup, W., 1994. EPM 7996-Green Valley, Annual Report for the Period

August 13, 1993 to August 12, 1994, For Cyprus Gold Australia Corporation.

Wareen Exploration Pty Ltd.

Shywolup, W., 1996. EPM 7996-Green Valley, Manomm Prospect, Report on 1995

Drilling, For Cyprus Gold Australia Corporation. Wareen Exploration Pty Ltd.

Wilkins, N., 1992. EPM 7996 Top Camp, Report for the 12 Months to August 12,

1992. Cyprus Gold Australia Corporation.

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454500E

454500E

455000E

455000E

455500E

455500E

456000E

456000E

7666000N 7666000N

7666500N 7666500N

7667000N 7667000N

7667500N 7667500N

7668000N 7668000N

0 150 300 450

Scale 1:7500

6

INTERDEX

EPM 14148 WHITE RANGE #1WHITE RANGE COPPER PROJECT

EAGLE PROSPECT-80# SOIL LOCATION AND NUMBER PLAN

PROJECTION: MGA94 ZONE 54 GDA94


RSGEO:P.L.PAULL

DRAWN: P.L.PAULL

Scale 1:7500

Date :16/10/2011

REPORT: ANNUAL 2011

FIGURE: 5

0.5

460.

5

3376435

3 5 4 22 0.5

7 11 9 6 3 19 3 3 5 2 4 11 2 5 1 4 3 15 0.5

5 3 2

47641124369141483

16

7 6 2 5 7 10 50 10 10 0.5

5 15 7

10 21 5 4 7 8 4322

1 6 12 12 25 13 63 20 14 1

11 2 1 0.5

0.5

0.5

1 0.5

10.

5

0.5

150.5

4521340.5

4810.5

70.5

181378110.5

60.5

0.5

30.5

10 5 10 8 9 10 6 2 774814131108120.

5

6310.5

30.5

43219740742130.5

0.5

10.5

3 6 4 6 13 6 7 3 4 0.5

0.5

211142963417591031215140.5

32 0.

54 5 2 0.

5

6 17 11 3 0.5

3 1 2 3 1 2 0.5

3 1 1 4 5 4 6 5 3 6 22125130.

5

0.5

142 2 4 0.5

5 14 6 14 7

454500E

454500E

455000E

455000E

455500E

455500E

456000E

456000E

7666000N 7666000N

7666500N 7666500N

7667000N 7667000N

7667500N 7667500N

7668000N 7668000N

0 150 300 450

Scale 1:7500

6

0.5

6.53

112

.563

18.5

9424

.625

30.6

5636

.688

48.7

5

60.8

13

90.9

69

97

SIZE = Au_ppb

Histogram Bin Maxima

0.5

1.03

5.22

7.9

11.8

514

.88

22.1

31.0

6

97

COLOUR = Au_ppb


INTERDEX


EAGLE PROSPECT-80# SOIL GOLD in ppb



RSGEO:P.L.PAULL

DRAWN: P.L.PAULL

Scale 1:7500

Date :16/10/2011

REPORT: ANNUAL 2011

FIGURE: 6

11 1281215453442

20 23 25 104

64 130

212

111 11 8 26 6 8 40 43 24 20 7 6 5 8 6 7 5 3 36 23

121227141912813131259188

114

4231

21

247 15 21 72 50 13

5

321

85 117

71 60 139 48

105 177

155

167

193

108

803914

8 15 101

187

235

170

96 205

23 11

143

14 4 6 4 4 27 94 1126331230212112

9

90454

248

158

184

182

214

187

318

283

106

206

261

129

88114

8588241977

147

198

232

216

226

313

25 7 16282215

7

259

239

272

307

388

394

290

297

285

278

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247

201

303

212

228

391

116

188

155

120

333

697814

259

239

154

174

147

114

117

91 62 9 2439

4

251

151

103

153

117

101

160

180

202

117

204

222

321

379

193

2211121227 5 3 21 8 20 92 17

015

386 72 79 10

254 16 7 18 8 7 8 27 6 6 4 5 5 8 9 7

48636561831942 17 16 10 79 137

121

367

315

454500E

454500E

455000E

455000E

455500E

455500E

456000E

456000E

7666000N 7666000N

7666500N 7666500N

7667000N 7667000N

7667500N 7667500N

7668000N 7668000N

0 150 300 450

Scale 1:7500

6

2 30.2

558

.586

.75

115

143.

2517

1.5

199.

7522

825

6.25

284.

531

2.75

341

369.

2542

5.75

454

SIZE = Cu_ppm


2 8.7

12.6

28.4

105.

612

1.3 15

1.4

206.

4

258.

8

313.

7

393.

6

454

COLOUR = Cu_ppm


INTERDEX


EAGLE PROSPECT-80# SOIL COPPER in ppm



RSGEO:P.L.PAULL

DRAWN: P.L.PAULL

Scale 1:7500

Date :16/10/2011

REPORT: ANNUAL 2011

FIGURE: 7

40 50403040203020302020

60 100

100

140

40 60 50 50 60 40 50 70 60 60 50 70 40 30 30 20 30 30 20 30 20 40 30

40605050120

120

607080505050407040

50

4060 90 14

0

100

60 50 60 80 110

50 70 60 50

40 50 40 40 40 50 40105060

70 70 90 60 70 60 70 50 40 50

50 30 20 30 30 30 40 30 504050403030306050706050505070605050705050807080706040806070

50 50 70 70 70 70 40 50 705040507070808080808090707090606070606070507012

0

8040506080100

70 70 70 60 50 50 70 60 70 60 306050606050505050505050705070806050508090

50 50 30 50 30 70 80 60 60 70 70 70 60 60 50 60 50 30 50 40 80 60 80 70 60 70 100

100

8040504020306040302040 20 70 40 40 40 60 50 60

454500E

454500E

455000E

455000E

455500E

455500E

456000E

456000E

7666000N 7666000N

7666500N 7666500N

7667000N 7667000N

7667500N 7667500N

7668000N 7668000N

0 150 300 450

Scale 1:7500

6

1018

.125

26.2

534

.375 42

.558

.75

66.8

7575

83.1

2599

.375

107.

511

5.62

513

1.87

5

140

SIZE = Ba_ppm


10 2939 59 89

99 109

140

COLOUR = Ba_ppm


INTERDEX


EAGLE PROSPECT-80# SOIL BARIUM in ppm



RSGEO:P.L.PAULL

DRAWN: P.L.PAULL

Scale 1:7500

Date :17/10/2011

REPORT: ANNUAL 2011

FIGURE: 8

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1500

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1500

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1500

1500

454500E

454500E

455000E

455000E

455500E

455500E

456000E

456000E

7666000N 7666000N

7666500N 7666500N

7667000N 7667000N

7667500N 7667500N

7668000N 7668000N

0 150 300 450

Scale 1:7500

6

200 45

6.25

712.

5 968.

7512

25 1481

.25

1737

.519

93.7

522

5027

62.5

3018

.75

3275

3787

.5

4043

.75

4300

SIZE = K_ppm


200

383

501 78

810

01

1303

2090

2377

2796

3201

4300

COLOUR = K_ppm


INTERDEX


EAGLE PROSPECT-80# SOIL POTASSIUM in ppm



RSGEO:P.L.PAULL

DRAWN: P.L.PAULL

Scale 1:7500

Date :17/10/2011

REPORT: ANNUAL 2011

FIGURE: 9

454500E

454500E

455000E

455000E

455500E

455500E

456000E

456000E

7666000N 7666000N

7666500N 7666500N

7667000N 7667000N

7667500N 7667500N

7668000N 7668000N

0 150 300 450

Scale 1:7500

6

36.35

31.06

22.1

14.88

11.85

7.9

5.22

1.03.5.

Au_ppb

0.5

6.53

112

.563

18.5

9424

.625

30.6

5636

.688

48.7

5

60.8

13

90.9

69

97

SIZE = Au_ppb


0.5

1.03

5.22

7.9

11.8

514

.88

22.1

31.0

6

97

COLOUR = Au_ppb


INTERDEX


EAGLE PROSPECT-80# SOIL GOLD IMAGE in ppb



RSGEO:P.L.PAULL

DRAWN: P.L.PAULL

Scale 1:7500

Date :16/10/2011

REPORT: ANNUAL 2011

FIGURE: 10

454500E

454500E

455000E

455000E

455500E

455500E

456000E

456000E

7666000N 7666000N

7666500N 7666500N

7667000N 7667000N

7667500N 7667500N

7668000N 7668000N

0 150 300 450

Scale 1:7500

6

454

394

314

259

206

151

121106

2813920

Cu_ppm

2 30.2

558

.586

.75

115

143.

2517

1.5

199.

7522

825

6.25

284.

531

2.75

341

369.

2542

5.75

454

SIZE = Cu_ppm


2 8.7

12.6

28.4

105.

612

1.3 15

1.4

206.

4

258.

8

313.

7

393.

6

454

COLOUR = Cu_ppm


INTERDEX


EAGLE PROSPECT-80# SOIL COPPER IMAGE in ppm



RSGEO:P.L.PAULL

DRAWN: P.L.PAULL

Scale 1:7500

Date :16/10/2011

REPORT: ANNUAL 2011

FIGURE: 11

454500E

454500E

455000E

455000E

455500E

455500E

456000E

456000E

7666000N 7666000N

7666500N 7666500N

7667000N 7667000N

7667500N 7667500N

7668000N 7668000N

0 150 300 450

Scale 1:7500

6

140.0

109.0

99.0

89.0

59.0

39.0

29.0

10.0

0.0

Ba_ppm

1018

.125

26.2

534

.375 42

.558

.75

66.8

7575

83.1

2599

.375

107.

511

5.62

513

1.87

5

140

SIZE = Ba_ppm


10 2939 59 89

99 109

140

COLOUR = Ba_ppm


INTERDEX


EAGLE PROSPECT-80# SOIL BARIUM IMAGE in ppm PLAN



RSGEO:P.L.PAULL

DRAWN: P.L.PAULL

Scale 1:7500

Date :17/10/2011

REPORT: ANNUAL 2011

FIGURE: 12

454500E

454500E

455000E

455000E

455500E

455500E

456000E

456000E

7666000N 7666000N

7666500N 7666500N

7667000N 7667000N

7667500N 7667500N

7668000N 7668000N

0 150 300 450

Scale 1:7500

6

4044

3201

2796

2377

2090

1303

1001

788

501

383

200

0

K_ppm

200 45

6.25

712.

5 968.

7512

25 1481

.25

1737

.519

93.7

522

5027

62.5

3018

.75

3275

3787

.5

4043

.75

4300

SIZE = K_ppm


200

383

501 78

810

01

1303

2090

2377

2796

3201

4300

COLOUR = K_ppm


INTERDEX


EAGLE PROSPECT-80# SOIL POTASSIUM IMAGE in ppm PLAN



RSGEO:P.L.PAULL

DRAWN: P.L.PAULL

Scale 1:7500

Date :17/10/2011

REPORT: ANNUAL 2011

FIGURE: 13

MRD01

MRD02

MRD04

MRD03

7674000 mN

7676000 mN 7676000 mN

7668000 mN

4490

00 m

E

7668000 mN

7669000 mN 7669000 mN

7670000 mN 7670000 mN

7671000 mN 7671000 mN444000 m

E

445000 mE

446000 mE

7675000 mN7675000 mN

7672000 mN 7672000 mN

7673000 mN 7673000 mN

7674000 mN

449000 mE

447000 mE

448000 mE

4470

00 m

E

4480

00 m

E

4460

00 m

E

4440

00 m

E

4450

00 m

E

MAGNETIC LOW

New Text

Peter

Text Box

FIGURE:18 EPM 14148 WHITE RANGE #1 MANOMM PROSPECT XSTRATA GEOLOGY AND GEOCHEMISTRY ON XSTRATA AEROMAGNETICS SCALE:1:12500

446600 mE

446400 mE

446200 mE

7670600 mN

7670200 mN

7670400 mN 7670400 mN

446000 mE

7670200 mN

4464

00 m

E

4462

00 m

E

4460

00 m

E

4458

00 m

E

7671800 mN

7671600 mN

7671200 mN 7671200 mN

7671400 mN 7671400 mN

7671800 mN

7671000 mN

7670600 mN

7670800 mN 7670800 mN

7671000 mN

445800 mE

4456

00 m

E

7671600 mN

445600 mE

445400 mE

4454

00 m

E

Peter

Text Box

FIGURE:19 EPM 14148 WHITE RANGE #1 MANOMM PROSPECT XSTRATA GEOLOGY AND GEOCHEMISTRY SCALE:1:2500

MRD01

MRD02MRD03

MRD04

449000 mE

448000 mE

447000 mE

7669000 mN

7670000 mN 7670000 mN

7671000 mN 7671000 mN

4490

00 m

E

4480

00 m

E

4470

00 m

E

4460

00 m

E

4450

00 m

E

7674000 mN

7672000 mN 7672000 mN

7673000 mN 7673000 mN

7674000 mN

7675000 mN 7675000 mN

7676000 mN 7676000 mN

7669000 mN

7668000 mN 7668000 mN

446000 mE

445000 mE

4440

00 m

E

444000 mE

Peter

Text Box

FIGURE:20 EPM 14148 WHITE RANGE #1 MANOMM PROSPECT CYPRUS DRILL HOLES ON XSTRATA AEROMAGNETICS SCALE:1:12500

Queensland Mining Corporation Ltd

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