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TWIN HILLS OPERATIONS PTY LTD

ANNUAL REPORT

DINGO RANGE

EPM 4459

October 23, 2005 to October 22, 2006

Vol 1 of 1

HELD BY: BMA Gold Limited

MANAGER & OPERATOR: Twin Hills Operations Pty Ltd

AUTHOR(s): P A Buckle

November 2006

PROSPECTS: Gromit

MAP SHEETS: 1:100,000: Frankfield 8353

GEOGRAPHIC COORDS: Min East: 506,900mE Max East: 512,100mE

Min North: 7,561,700mN Max North: 7,567,150mN

COMMODITY(s): Au, Ag

KEY WORDS: Epithermal gold, RCP Drilling, Drill hole geochemistry

Distribution:

o Twin Hills Operations Pty Ltd – Mine Site Officeo BMA Gold Limited (Sydney)o Department of Natural Resources and Mines (Brisbane)

Twin Hills Operations Pty Ltd Dingo Range Annual Report 2006

SUMMARY

This report presents the results of exploration work conducted on “Dingo Range” EPM 4459 by Twin Hills Operations Pty Ltd a wholly owned subsidiary of BMA Operations Ltd, between 23 rd October 2005and 22nd October 2006. The exploration license adjoins the Twin Hills (EPM 8693) tenement to the north, and Willesby (EPM 12012) to the west. The known epithermal gold deposits at Lone Sister and 309 Deposit occur to the north in the adjacent EPM 8693 tenement, associated with hydrothermal breccias developed within felsic volcanics, volcaniclastics and sedimentary rocks.

EPM 4459 lies immediately south of the Lone Sister deposit along a well defined magnetic corridor trending NNW, which also hosts the 309 resource to the north. BMA believes the strike extension of the main hosting structure to the south through the tenement is highly prospective for future epithermal gold mineralisation similar to those already delineated at 309 and Lone Sister. The primary exploration target is an epithermal deposit with greater than 200,000 ounces of contained gold, preferably high grade.

The Lone Sister South prospect is the southern projection of the Lone Sister mineralisation trend into the Dingo Range tenement, and has been the focus of much of the past exploration activity. Drilling to date has been disappointing with only low grade patchy gold zones encountered.

A total of 3 inclined RCP holes for 538m were drilled test the source of a CSAMT resistivity anomaly (DGRC001 and 002) at the Gromit prospect located in the south of the EPM. A third hole tested an east-west trending zone of quartz veining (DGRC003). The holes were drilled to a maximum depth of 196m and intersected variably sericite-silica-pyrite altered granite and granodiorite. No significant quartz veining was intersected and assays returned values of less than 0.03g/t Au. The three holes were the first of an 11 hole program that was postponed due to wet weather and no rig availability.

A review of all the historic geophysics data is underway and initial indications are that, together with recent results obtained at the 309 deposit, previous geochemical and geophysics surveys and much of the drilling may not be optimally oriented to test east-west prospective structures.

A review of targets and prospects is also in progress with the aim of prioritising and testing during the next report period.

Twin Hills Operations Pty Dingo Range Annual Report

ACKNOWLEDGEMENT AND WARRANTY1. Subject to 2 (Confidentiality), the tenure holder acknowledges that this Report, including the material, information and data incorporated in it, has been made under the direction or control of the State of Queensland (the State) within the meaning of section 176 of the Copyright Act 1968 (Cwth).

2. To the extent that copyright in any material included in this Report is not owned by the State, the tenure holder warrants that it has the full legal right and authority to grant, and does hereby grant, to the State, subject to any confidentiality obligation undertaken by the State, the right to do (including to authorise any other person to do) any act in the copyright, including to:

_ use;

_ reproduce;

_ publish; and

_ communicate in electronic form to the public, such material, including any data and information included in the material.

3. Without limiting the scope of 1 and 2 above, the tenure holder warrants that all relevant authorisations and consents have been obtained for all acts referred to in 1 and 2 above, to ensure that the doing of any of the acts is not unauthorised within the meaning of section 29(6) of the Copyright Act (Cwth).


TABLE OF CONTENTS

1. INTRODUCTION.............................................................................................................................................6

1.1 LOCATION AND ACCESS............................................................................................................................................................... 61.2 TENURE.............................................................................................................................................................................................. 6

2. GEOLOGICAL SETTING..............................................................................................................................9

3. PREVIOUS EXPLORATION..........................................................................................................................9

4. WORK COMPLETED...................................................................................................................................11

1.3 DRILLING........................................................................................................................................................................................ 111.4 GEOPHYSICS REVIEW................................................................................................................................................................. 11

5. CONCLUSIONS AND RECOMMENDATIONS........................................................................................12

6. BIBLIOGRAPHY...........................................................................................................................................12


List of Tables

Table 1 : Drill Hole Location Summary

List of Figures

Figure 1: Tenement Location Map 2Figure 2: Location and Regional Geology 3

List of Appendices

Appendix 1: Drill Hole Logs Appendix 2: Drill Hole Assays Appendix 3: Logging Codes

List of Plates

Plate 1: Dingo Range EPM 4459 Gromit Prospect Drillhole locations 1:5000 A3 Plate 2: Dingo Range EPM 4459 Gromit Prospect Section 7564100N 1:1000 A1

Digital Data(as Geoscience_data.zip)

h_DRAssay_06.txt h_DRCollar_06.txt h_DRLithology_06.txt h_DRSurvey_06.txt


INTRODUCTION

This report presents the results of exploration work conducted on the “Dingo Range” tenement EPM 4459 by Twin Hills Operations Pty Ltd (THO) between 23 rd October 2005 and 22nd October 2006. The exploration license adjoins the Twin Hills (EPM 8693) tenement to the north, and the Willesby (EPM 12012) tenement to the west.

Twin Hills Operations is a wholly owned subsidiary of BMA Gold Limited, now a public company with a head office is in Sydney. The Twin Hills project is BMA’s only operation with resources totaling 435,000 oz in two deposits, Anomaly 309 and Lone Sister. These are located at 8km and 1km north of EPM 4459. THO commenced development of a decline at 309 in June 2005 and poured the first gold at its Rishton mill in December 2005. Production is currently from the Area 1 orebody with development of Area 2 underway.

The focus of BMA’s exploration effort for 2006 has been in drilling for extensions to the 309 deposit, while reassessing previous exploration, particularly the geophysical surveys, conducted elsewhere on THO’s Exploration Permits (including EPM 4459). The outcome will be systematic ranking and testing of targets identified in the review, during 2007.

1.1 Location and Access

EPM 4459 is located approximately 110km North of Clermont and 250 km south of Charters Towers, along the sealed Gregory Development road, in Central Eastern Queensland (Figure 1). Access to the tenement is via shire roads and pastoral tracks (Figure 2).

The tenement lies near the top western corner of the Frankfield 8353 1:100,000 map sheet, and abuts the eastern flank of the Willesby EPM 12012 and the southern boundary of the Twin Hills EPM 8693.

1.2 Tenure

The current tenement is the residual of an original 97 sub-blocks granted to Ashton Mining Ltd on 23rd October 1986 and which have been subsequently relinquished to the current 6 sub-blocks. CRA Exploration Pty Ltd entered into a joint venture with Ashton and Metana Minerals in August 1990. The tenement was jointly owned by Base Metals of Australia (formerly Metana Minerals NL) having earned a farm-in equity of 51% and Aurora Gold (WA) Pty Ltd who held Ashton Mining’s interest of 49%. The project is now 100% managed and operated by THO.

EPM 4459 (Dingo Range), consisting of 6 sub-blocks was granted on 23rd October 2003 and renewed on 23rd October 2005 for a period of two (2) years. A schedule of these sub-blocks is listed below and shown in Figure 1:-

Block Identification Map – Series B - Clermont

BIM Block Sub-block

EPM 4459 CLER 1765 eCLER 1766 a-b, f-g, m

TOTAL: 6 Sub-Blocks

October 23, 2005 to October 22, 2006 6


Figure 1 : Location and Regional Geology



Figure 2 Sub-block identification plan



GEOLOGICAL SETTING

A detailed description of the regional geological setting is given in previous reports. In summary, outcrop within EPM 4459 is poor due to extensive development of the lateritic Tertiary Suttor Formation and black gilgai clays form cover of up to 80m deep in places. Mapping and drilling indicate the tenement is underlain by rhyolite, andesite and felsic and intermediate tuffaceous sediments of the Upper Devonian Silver Hills Volcanics (Drummond Basin Cycle 1) in the north. Recent drilling and interpretation of the airborne magnetics indicates the south of the EPM is underlain in many places by granite, believed to be related to the Devonian aged Retreat Batholith.. The volcanics are host to Lone Sister to the north. Apart from obscuring bedrock, the thick cover hampers exploration by retarding drill penetration, causing geochemical dispersion and masking electrical geophysical responses.

A northwesterly striking regional fault believed to be crucial to the formation of the Lone Sister deposit in adjoining EPM8693 can be projected into northwestern corner of the tenement block. This structure has a well-defined signature in the Reduced to Pole (RTP) aeromagnetic anomaly plot. By analogy with other areas where epithermal processes have been active, mineralisation can be localised near the intersection of major regional faults and splays off these faults. Lone Sister is located near the intersection of a northerly trending splay and the northwesterly regional fault. Two such splays are apparent in the EPM4459 RTP data and testing in the previous report period intersected.

PREVIOUS EXPLORATION

Previous exploration has been comprehensively described in earlier THO (BMA) reports and the reader is referred to these for details.



WORK COMPLETED

1.3 Drilling

Following review of exploration data in the previous period, an 11 hole RC drilling program was proposed to test unexplained CSAMT resistivity anomalies. The program commenced in November 2005 and only three holes were drilled for a total of 538m, as wet weather caused access difficulties and the program was postponed. Further delays were caused by unavailability of drill rigs. All holes intersected granite and granodiorite beneath shallow (<2m) cover with weak veining and sericite- chlorite-pyrite alteration.

The drilling was undertaken by Drill Torque of Townsville with a UDR 1000 rig. The three hole locations are show in plan as Plate 1 and plotted on cross section 7564100N as Plate 2. Locations are summarised in Table 1 below while geological logs and assays are appended. An accompanying zip file contains digital data for collars, surveys, logs and assays in Excel format.

A total of 144 RC chip samples were collected as 4 metre speared composites and analysed by SGS in Townsville for Au by 50g fire assay and multi-element analysis (Cu, Pb, Zn, Ag, As, Mo, Bi, Sb) by ICP.

Two holes, DGRC01 and 02 targeted a CSAMT resistivity anomaly on line 7564100N with weakly anomalous Au-Ag in soil (Homestake to 2ppb). The holes were drilled on an E-W line in a scissor fashion and designed to intersect the centre of the resistivity anomaly. The eastern most hole, DGRC01 ( TD174m) drilled to the west, reported all gold values below 0.01ppm (LLD) within altered granite. The second hole, DGRC02 (TD 196m) drilled to the east, returned all gold values below 0.03ppm Au within a variably sericite altered granite with minor disseminated pyrite. Minor quartz veining, where encountered, tends to display crystalline textures typical of mesothermal conditions with only trace comb textures, indicative of epithermal activity, observed.

A 50 long, E-W trending, sub-cropping quartz vein stockwork zone in altered granite was located in the previous period, approximately 400m WNW of DGRC02, at 510450E 7564240N. Although two rock chip samples reported no anomalous gold values, a third hole, DGRC3 (TD 168m), was drilled N-S to test the veining at depth and reported a maximum value of 0.14ppm Au from 124-128m within sericite- silica altered granite. The zone of quartz veining is thought not to have been intersected and a scissor hole drilling S-N will be considered.Table 1 Drill hole locations

Hole ID Type AMG Nm AMG Em AMG RLm AMG Azi Dip TDm CommentsDGRC001 REVC 7564096.6 510547.3 221.1 268 -60.0 174 resistorDGRC002 REVC 7564099.9 510349.1 222.1 088 -60.0 196 resistorDGRC003 REVC 7564267.2 510117.7 225.0 180 -60.0 168 E-W quartz vein prob dips S

538

1.4 Geophysics ReviewAll available previous geophysical data has been forwarded to Southern Geophysics Consultants in Perth, WA for reprocessing and interpretation and a detailed review is underway. Results of recent work by THO on the 309 deposit confirm observations by previous explorers that mineralised structures are oriented E-W and are interpreted to have formed in response to sinistral movement on NNW trending faults.

Gradient array IP-resistivity has been widely applied in the north of the EPM on 100m spaced E-W lines, while CSAMT resistivity was conducted within the EPM on widely spaced (400m) lines in a similar direction. The review indicates that these surveys may not be oriented for optimal response to possible E-W prospective structures. Electrical survey methods are sensitive to the direction of the target structure and ideally, survey lines need to be run orthogonally. In addition, the CSAMT surveys in the north of the EPM returned similar responses to those for the gradient data, and the advantages of the former are not clear, particularly where conductive overburden is concerned.

Future electrical surveys conducted by THO will be oriented on N-S lines and may utilise conventional dipole-dipole or pole-dipole IP arrays. This will give, in addition to resistivity depth indications, IP data



that is important in detecting disseminated sulphides that are typically associated with silica pyrite alteration. The IP-resistivity combination is hoped to discriminate the favoured alteration.

CONCLUSIONS AND RECOMMENDATIONS Drilling of a CSAMT resistivity high intersected variably altered (silica-sericite-pyrite) granite with no indication of significant epithermal gold mineralisation.

The E-W direction of historical resistivity, geochemistry surveys and drilling is believed not to be oriented optimally for coupling with E-W target structures and future surveys will be oriented more N-S.

The chargeability-resistivity combination of conventional dipole-dipole IP is hoped to discriminate silica pyrite alteration associated with mineralisation, from other alteration and rock types.

More detailed mapping and integration with geophysics is needed to define new targets. These are to be prioritised together with recommendations from the previous report period.

BIBLIOGRAPHY

Shepherd, A. (2005) Dingo Range EPM 4459 Annual Report For Period Ending 22nd October 2005.THO Pty Ltd. NL.


Twin Hills Operations Pty Ltd Dingo Range Annual Report

APPENDIX 1

Drill Hole Summary Logs


Hole ID

DGRC001

From Depth

0

To Depth

2

Weatheri ngEW

Lith1

TC

AltType2 1

Lith_Desc

SOILS, dk red.br rounded gravelly (pisolitic)

Comment

Ferruginous

AltType1 1

AltInt11 BX

DGRC001 2 30 MW GR GRANITE, yellow-brown, quartz-feldspar-biotite, clay weathered

DGRC001 30 31 SW QV ASS2 GRANITE, green-cream, 15% crystalline white quartz veinlets to 10mm, moderate sericite alteration

ASS 2

DGRC001 31 39 SW GR GRANITE, pink-green, quartz -feldspar -biotite, k-feldspar dominant

DGRC001 39 63 FL GR ASI1 GRANITE, cream-pink, bleached altered appearance, weak silica-sericite alteration, trace comb quartz veinlets.

ASI 1

DGRC001 63 68 FR GR APH2 GRANITE, green-cream, sreicitic feldspars, weak-moderate sericite-pyrite alteration, 3% pyrite

APH 2

DGRC001 68 123 FR GR GRANITE, pink-green, quartz -feldspar -biotite, red-pink k-feldspar dominant, minor weak sericitic bands

DGRC001 123 135 FR GR APH2 GRANITE, green-grey, quartz-feldspar-biotite, increased quartz-sericite- pyrite alteration, fine qz-cb-py veinlets, 2% pyrite

APH 2

DGRC001 135 163 FR GR GRANITE, pink-green, quartz -feldspar -biotite, red-pink k-feldspar dominant, minor weak sericitic bands

DGRC001 163 167 FR GR APH2 GRANITE, green-grey, quartz-feldspar-biotite, moderate quartz-sericite- pyrite alteration, fine qz-cb-py veinlets, 4% pyrite

APH 2

DGRC001 167 174 FR GR ASE1 GRANITE, pink-green, quartz -feldspar -biotite, red-pink k-feldspar dominant, minor weak sericitic bands

ASE 1

DGRC002 0 1 EW TC SOILS, dk red.br rounded gravelly (pisolitic)DGRC002 1 16 HW GR AAR2 GRANITE, red-yellow, strongly clay weathered, relict quartz phenos in clay,

ferruginousAAR 2

DGRC002 16 34 EW RCY AAR3 CLAY, yellow-brown, fine grained, little quartz + mica, after metasediment or granophyre, extremely weathered

AAR 3

DGRC002 34 45 HW GR AAR2 GRANITE, brown-pink, quartz crystals, coarse grained, strongly clay weathered, decomposed

AAR 2

DGRC002 45 49 MW GSY AAR1 SYENITE, yellow-brown, 5mm feldspar laths interlocking texture (poikilitic) in quartz-mica groundmass, moderately weathered

AAR 1

DGRC002 49 65 SW GR GRANITE, red-green, coarse grained, red k-feldspars, mica aggregates, massive, weakly weathered


Hole ID FromDepth

ToDepth

Weathering

Lith1 AltType21

Lith_Desc Comment AltType11

AltInt11 BX

DGRC002 65 75 FL GR APH2 GRANITE, green-brown, moderate sericite-pyrite alteration,quartz veinlets, 3% pyrite

minor milky APH 2

DGRC002 75 88 FR GR GRANITE, red-green, coarse grained, red k-feldspars, mica aggregates, massive, trace pyrite

DGRC002 88 90 FR BXQ APH3 BRECCIA, green-cream, pale silicified fragments in foliated fabric, silicified fault zone, quartz veinlets, 5% pyrite

APH 3 BXQ

DGRC002 90 95 FR GR APH2 GRANITE, green-grey, mottled, moderate silica-sericite-pyrite alteration, minor milky quartz-pyrite veinlets, 3% pyrite

APH 2

DGRC002 95 125 FR GR GRANITE, red-green, coarse grained, red k-feldspars, mica aggregates, massive

DGRC002 125 150 FR GR ASS2 GRANITE, green-grey, mottled, moderate silica-sericite-pyrite alteration, ASS sericite altered feldspars, 1% pyrite

2

DGRC002 150 155 FR GR ASS3 as above, 10% quartz veinlets, strong silica-sericite alteration, 1% pyrite ASS 3

DGRC002 155 168 FR GR ASS2 GRANITE, green-grey, mottled, moderate silica-sericite-pyrite alteration, ASS sericite altered feldspars, 1% pyrite

2

DGRC002 168 171 FR GR ASS3 as above, 15% quartz veinlets, strong silica-sericite alteration, 1% pyrite ASS 3

DGRC002 171 190 FR GR ASE1 GRANITE, green-pink, mottled, variably and weakly sericite-silica altered, ASE 1% pyrite

1

DGRC002 190 196 FR GR ASE1 GRANITE, red-green, coarse grained, red k-feldspars, mica aggregates, ASE massive, narrow breccia veinlet at 193m

1

DGRC003 0 1 EW TC SOILS, dk red.br rounded gravelly (pisolitic)DGRC003 1 27 HW GR AAR3 GRANITE, yellow-brown, quartz phenos, highly clay weathered AAR 3

DGRC003 27 96 MW GR ASE1 GRANITE, orange-green, red k-feldspars, granophyric texture, moderately ASE weathered, fresh towards base

1

DGRC003 96 97 FL IA ACH1 ANDESITE, blue-grey, fine grained, quartz-chlorite groundmass, rare white ACH feldspars phenos, massive, 1% disseminated pyrite

1

DGRC003 97 120 FR GR ASS2 GRANITE, green-grey, moderate sericite-silica alteration, bands of strong ASS silica-sericite alteration, 1% disseminated pyrite

2

DGRC003 120 128 FR GR ASS3 GRANITE, pale green-grey, strong silica-sericite alteration, minor quartz ASS veinlets, 1% disseminated pyrite

3


Hole ID FromDepth

ToDepth

Weathering

Lith1 AltType21

Lith_Desc Comment AltType11

AltInt11 BX

DGRC003 128 138 FR GR ASE2 GRANITE, green-grey, silicified matrix, weak-moderate silica-sericite alteration

ASE 2

DGRC003 138 156 FR GR ASE1 GRANITE, pink-green, mottled, variably and weakly sericite-silica altered, minor carbonate veinlets

ASE 1

DGRC003 156 158 FR GR ASS2 GRANITE, green-grey, moderate sericite-silica alteration, minor milky quartz veinlets, 1% disseminated pyrite

ASS 2

DGRC003 158 168 FR GR ASE1 GRANITE, red-green, coarse grained, red k-feldspars, massive , very weakly sericitised feldspars, minor qz-cb fractures

ASE 1


APPENDIX 2

Drill Hole Assays


Hole_ID Sample FromDepth

ToDepth

DataType

DrillingType

Au Au1 Au2 Ag As Bi Mo Sb Cu Pb Zn JobNo

DGRC001 TH21924 0 4 INT REVC 0.16 -1 -50 -10 -5 -10 7 21 63 47001DGRC001 TH21925 4 8 INT REVC -0.01 -1 -50 -10 -5 -10 -2 16 93 47001DGRC001 TH21926 8 12 INT REVC -0.01 -1 -50 -10 -5 -10 -2 18 101 47001DGRC001 TH21927 12 16 INT REVC -0.01 -1 -50 -10 -5 -10 14 11 88 47001DGRC001 TH21928 16 20 INT REVC -0.01 -1 -50 -10 -5 -10 -2 15 87 47001DGRC001 TH21929 20 24 INT REVC 0.01 -1 -50 -10 -5 -10 -2 51 107 47001DGRC001 TH21930 24 28 INT REVC -0.01 -1 -50 -10 -5 -10 -2 12 56 47001DGRC001 TH21931 28 32 INT REVC -0.01 -1 -50 -10 -5 -10 -2 17 55 47001DGRC001 TH21932 32 36 INT REVC -0.01 -1 -50 -10 -5 -10 -2 16 53 47001DGRC001 TH21933 36 40 INT REVC -0.01 -1 -50 -10 -5 -10 -2 11 48 47001DGRC001 TH21934 40 44 INT REVC -0.01 -1 -50 -10 -5 -10 -2 15 70 47001DGRC001 TH21935 44 48 INT REVC -0.01 -1 -50 -10 -5 -10 -2 14 62 47001DGRC001 TH21936 48 52 INT REVC -0.01 -1 -50 -10 -5 -10 -2 14 73 47001DGRC001 TH21937 52 56 INT REVC -0.01 -1 -50 -10 -5 -10 -2 16 70 47001DGRC001 TH21938 56 60 INT REVC -0.01 -0.01 -1 -50 -10 -5 -10 -2 8 57 47001DGRC001 TH21939 60 64 INT REVC -0.01 -1 -50 -10 -5 -10 -2 8 54 47001DGRC001 TH21940 64 68 INT REVC -0.01 -1 -50 -10 -5 -10 -2 7 54 47001DGRC001 TH21941 68 72 INT REVC -0.01 -1 -50 -10 -5 -10 -2 6 55 47001DGRC001 TH21942 72 76 INT REVC -0.01 -1 -50 -10 -5 -10 -2 10 55 47001DGRC001 TH21943 76 80 INT REVC -0.01 -1 -50 -10 -5 -10 -2 12 57 47001DGRC001 TH21944 80 84 INT REVC -0.01 -1 -50 -10 -5 -10 -2 23 74 47001DGRC001 TH21945 84 88 INT REVC -0.01 -0.01 -1 -50 -10 -5 -10 -2 24 99 47001DGRC001 TH21946 88 92 INT REVC -0.01 -1 -50 -10 -5 -10 10 19 75 47001DGRC001 TH21947 92 96 INT REVC -0.01 -1 -50 -10 -5 -10 20 31 101 47001DGRC001 TH21948 96 100 INT REVC -0.01 -1 -50 -10 -5 -10 5 14 84 47001DGRC001 TH21949 100 104 INT REVC -0.01 -1 -50 -10 -5 -10 7 18 55 47001DGRC001 TH21950 104 108 INT REVC -0.01 -1 -50 -10 -5 -10 8 15 57 47001DGRC001 TH21951 108 112 INT REVC -0.01 -1 -50 -10 -5 -10 8 17 55 47001DGRC001 TH21952 112 116 INT REVC -0.01 -1 -50 -10 -5 -10 13 15 54 47001DGRC001 TH21953 116 120 INT REVC -0.01 -1 -50 -10 -5 -10 8 14 54 47001DGRC001 TH21954 120 124 INT REVC -0.01 -1 -50 -10 -5 -10 8 14 78 47001DGRC001 TH21955 124 128 INT REVC -0.01 -1 -50 -10 -5 -10 6 23 133 47001DGRC001 TH21956 128 132 INT REVC -0.01 -1 -50 -10 -5 -10 42 21 124 47001DGRC001 TH21957 132 136 INT REVC -0.01 -1 -50 -10 -5 -10 18 17 85 47001DGRC001 TH21958 136 140 INT REVC -0.01 -0.01 -1 -50 -10 -5 -10 17 31 88 47001DGRC001 TH21959 140 144 INT REVC -0.01 -1 -50 -10 -5 -10 12 17 68 47001DGRC001 TH21960 144 148 INT REVC -0.01 -1 -50 -10 -5 6 7 12 77 47001DGRC001 TH21961 148 152 INT REVC -0.01 -0.01 -1 -50 -10 -5 -10 8 14 75 47001DGRC001 TH21962 152 156 INT REVC -0.01 -1 -50 -10 -5 -10 8 19 74 47001



ToDepth

DataType

DrillingType


DGRC001 TH21963 156 160 INT REVC -0.01 -1 -50 -10 -5 -10 10 17 84 47001DGRC001 TH21965 160 164 INT REVC -0.01 -1 -50 -10 -5 -10 10 20 86 47001DGRC001 TH21966 164 168 INT REVC -0.01 -1 -50 -10 -5 -10 9 20 65 47001DGRC001 TH21967 168 172 INT REVC -0.01 -1 -50 -10 -5 -10 17 19 70 47001DGRC001 TH21968 172 174 INT REVC -0.01 -1 -50 -10 -5 -10 20 18 63 47001DGRC002 TH21969 0 4 INT REVC -0.01 -1 -50 -10 -5 7 8 33 25 47003DGRC002 TH21970 4 8 INT REVC -0.01 -0.01 -1 -50 -10 -5 -10 -2 101 58 47003DGRC002 TH21971 8 12 INT REVC -0.01 -1 -50 -10 -5 -10 -2 64 62 47003DGRC002 TH21972 12 16 INT REVC -0.01 -1 -50 -10 -5 -10 14 436 43 47003DGRC002 TH21973 16 20 INT REVC -0.01 -0.01 -1 -50 -10 -5 -10 65 1040 110 47003DGRC002 TH21974 20 24 INT REVC -0.01 -1 -50 -10 -5 -10 18 53 123 47003DGRC002 TH21975 24 28 INT REVC -0.01 -1 -50 -10 -5 -10 17 49 103 47003DGRC002 TH21976 28 32 INT REVC -0.01 -1 -50 -10 -5 -10 21 96 130 47003DGRC002 TH21977 32 36 INT REVC -0.01 -1 -50 -10 -5 -10 19 16 129 47003DGRC002 TH21978 36 40 INT REVC -0.01 -1 -50 -10 -5 -10 -2 -3 89 47003DGRC002 TH21979 40 44 INT REVC -0.01 -1 -50 -10 -5 -10 -2 14 146 47003DGRC002 TH21980 44 48 INT REVC -0.01 -1 -50 -10 -5 -10 -2 15 109 47003DGRC002 TH21981 48 52 INT REVC -0.01 -1 -50 -10 -5 -10 -2 14 63 47003DGRC002 TH21982 52 56 INT REVC -0.01 -1 -50 -10 -5 -10 19 22 88 47003DGRC002 TH21983 56 60 INT REVC -0.01 -1 -50 -10 -5 -10 -2 17 76 47003DGRC002 TH21984 60 64 INT REVC -0.01 -1 -50 -10 -5 -10 -2 15 43 47003DGRC002 TH21985 64 68 INT REVC -0.01 -1 5 -10 -5 -10 12 12 32 47003DGRC002 TH21986 68 72 INT REVC -0.01 -1 -50 -10 -5 -10 5 36 99 47003DGRC002 TH21987 72 76 INT REVC 0.03 -1 -50 -10 -5 -10 15 202 237 47003DGRC002 TH21988 76 80 INT REVC -0.01 -1 -50 -10 -5 -10 9 67 45 47003DGRC002 TH21989 80 84 INT REVC -0.01 -1 -50 -10 -5 -10 19 21 39 47003DGRC002 TH21990 84 88 INT REVC -0.01 -1 -50 -10 -5 -10 -2 29 44 47003DGRC002 TH21992 88 92 INT REVC 0.02 5 -50 10 -5 -10 695 228 398 47003DGRC002 TH21993 92 96 INT REVC -0.01 -0.01 -0.01 -1 -50 -10 -5 -10 9 23 41 47003DGRC002 TH21994 96 100 INT REVC -0.01 -1 -50 -10 -5 -10 -2 21 37 47003DGRC002 TH21995 100 104 INT REVC -0.01 -1 -50 -10 -5 -10 56 37 82 47003DGRC002 TH21996 104 108 INT REVC -0.01 -1 -50 -10 -5 -10 -2 27 96 47003DGRC002 TH21997 108 112 INT REVC -0.01 -1 -50 -10 -5 -10 -2 22 60 47003DGRC002 TH21998 112 116 INT REVC -0.01 -0.01 -1 -50 -10 -5 -10 -2 24 66 47003DGRC002 TH21999 116 120 INT REVC -0.01 1 -50 -10 -5 -10 5 70 137 47003DGRC002 TH22000 120 124 INT REVC -0.01 -1 -50 -10 -5 -10 -2 19 50 47003DGRC002 TH22001 124 128 INT REVC -0.01 -1 -50 -10 -5 -10 6 25 36 47003DGRC002 TH22002 128 132 INT REVC -0.01 -1 -50 -10 -5 -10 -2 25 36 47003DGRC002 TH22003 132 136 INT REVC -0.01 -1 -50 -10 -5 -10 8 84 79 47003



ToDepth

DataType

DrillingType


DGRC002 TH22004 136 140 INT REVC -0.01 -1 -50 -10 -5 -10 6 26 31 47003DGRC002 TH22005 140 144 INT REVC -0.01 -1 -50 -10 -5 -10 5 17 29 47003DGRC002 TH22006 144 148 INT REVC -0.01 -1 -50 -10 -5 -10 -2 11 24 47003DGRC002 TH22007 148 152 INT REVC -0.01 -1 -50 -10 -5 -10 -2 8 28 47003DGRC002 TH22008 152 156 INT REVC -0.01 -1 -50 -10 -5 6 -2 6 26 47003DGRC002 TH22009 156 160 INT REVC -0.01 -1 -50 -10 -5 -10 10 8 46 47003DGRC002 TH22011 160 164 INT REVC -0.01 -1 -50 -10 -5 -10 -2 11 35 47003DGRC002 TH22012 164 168 INT REVC -0.01 -1 -50 -10 -5 -10 7 12 52 47003DGRC002 TH22013 168 172 INT REVC -0.01 -0.01 -1 -50 -10 -5 -10 -2 11 55 47003DGRC002 TH22014 172 176 INT REVC 0.01 -1 -50 -10 -5 -10 16 10 62 47003DGRC002 TH22015 176 180 INT REVC -0.01 -1 -50 -10 -5 -10 8 15 68 47003DGRC002 TH22016 180 184 INT REVC -0.01 -0.01 -1 -50 -10 -5 -10 20 17 87 47003DGRC002 TH22017 184 188 INT REVC 0.01 -1 -50 -10 -5 -10 21 23 101 47003DGRC002 TH22018 188 192 INT REVC -0.01 -1 -50 -10 -5 -10 14 16 75 47003DGRC002 TH22019 192 196 INT REVC -0.01 -1 -50 -10 -5 -10 -2 17 46 47003DGRC003 TH23501 0 4 INT REVC -0.01 -1 -50 -10 -5 6 10 38 31 47004DGRC003 TH23502 4 8 INT REVC -0.01 -1 -50 -10 -5 9 5 30 19 47004DGRC003 TH23503 8 12 INT REVC -0.01 -1 -50 -10 -5 5 6 32 20 47004DGRC003 TH23504 12 16 INT REVC -0.01 -1 -50 -10 -5 -10 -2 20 19 47004DGRC003 TH23505 16 20 INT REVC -0.01 -0.01 -1 -50 -10 -5 6 5 34 22 47004DGRC003 TH23506 20 24 INT REVC 0.04 -1 -50 -10 -5 6 5 37 23 47004DGRC003 TH23507 24 28 INT REVC 0.01 -1 -50 -10 -5 7 -2 26 20 47004DGRC003 TH23508 28 32 INT REVC 0.01 -1 -50 -10 -5 -10 -2 8 22 47004DGRC003 TH23509 32 36 INT REVC 0.1 -1 -50 -10 -5 -10 5 15 29 47004DGRC003 TH23510 36 40 INT REVC -0.01 -0.01 -1 -50 -10 -5 -10 -2 19 39 47004DGRC003 TH23511 40 44 INT REVC -0.01 -1 -50 -10 -5 -10 -2 13 32 47004DGRC003 TH23512 44 48 INT REVC 0.01 -1 -50 -10 -5 -10 -2 18 42 47004DGRC003 TH23513 48 52 INT REVC -0.01 -1 -50 -10 -5 5 -2 18 40 47004DGRC003 TH23514 52 56 INT REVC -0.01 -1 -50 -10 -5 -10 6 15 37 47004DGRC003 TH23515 56 60 INT REVC 0.02 -1 -50 -10 -5 9 7 15 32 47004DGRC003 TH23516 60 64 INT REVC 0.01 -1 -50 -10 -5 5 8 7 28 47004DGRC003 TH23517 64 68 INT REVC -0.01 -1 -50 -10 -5 -10 7 14 29 47004DGRC003 TH23518 68 72 INT REVC 0.03 -1 5 -10 -5 -10 11 17 30 47004DGRC003 TH23519 72 76 INT REVC 0.02 -1 -50 -10 -5 -10 12 14 29 47004DGRC003 TH23520 76 80 INT REVC 0.05 -1 -50 -10 -5 -10 9 20 31 47004DGRC003 TH23521 80 84 INT REVC 0.01 -1 -50 -10 -5 -10 -2 21 41 47004DGRC003 TH23522 84 88 INT REVC 0.01 -1 -50 -10 -5 -10 -2 21 31 47004DGRC003 TH23523 88 92 INT REVC 0.01 -1 -50 -10 -5 -10 -2 19 53 47004DGRC003 TH23524 92 96 INT REVC 0.02 -1 -50 -10 -5 -10 -2 16 45 47004



ToDepth

DataType

DrillingType


DGRC003 TH23525 96 100 INT REVC 0.01 0.01 -1 -50 -10 -5 -10 32 9 31 47004DGRC003 TH23526 100 104 INT REVC -0.01 -1 -50 -10 -5 6 19 9 29 47004DGRC003 TH23527 104 108 INT REVC -0.01 -1 -50 -10 -5 -10 5 13 32 47004DGRC003 TH23528 108 112 INT REVC 0.02 -1 -50 -10 -5 6 -2 15 30 47004DGRC003 TH23529 112 116 INT REVC -0.01 -1 -50 -10 -5 -10 8 16 26 47004DGRC003 TH23530 116 120 INT REVC 0.02 -1 -50 -10 -5 -10 -2 14 19 47004DGRC003 TH23535 132 136 INT REVC -0.01 -1 -50 -10 -5 -10 -2 16 24 47004DGRC003 TH23536 136 140 INT REVC -0.01 -1 -50 -10 -5 -10 26 27 24 47004DGRC003 TH23537 140 144 INT REVC -0.01 -1 -50 -10 -5 -10 -2 19 26 47004DGRC003 TH23538 144 148 INT REVC -0.01 -1 -50 -10 -5 5 10 20 28 47004DGRC003 TH23539 148 152 INT REVC -0.01 -1 -50 -10 -5 -10 7 18 32 47004DGRC003 TH23540 152 156 INT REVC 0.02 -1 -50 -10 -5 5 5 17 24 47004DGRC003 TH23541 156 160 INT REVC 0.01 -1 -50 -10 -5 -10 -2 18 28 47004DGRC003 TH23542 160 164 INT REVC -0.01 -1 -50 -10 -5 -10 -2 20 30 47004DGRC003 TH23544 164 168 INT REVC -0.01 -1 -50 -10 -5 -10 -2 19 33 47004DGRC003 TH23705 120 121 INT REVC -0.01 -1 -50 -10 -5 -10 7 8 243 47009DGRC003 TH23706 121 122 INT REVC -0.01 -1 -50 -10 -5 -10 3 8 331 47009DGRC003 TH23707 122 123 INT REVC -0.01 1 -50 -10 -5 -10 7 7 396 47009DGRC003 TH23708 123 124 INT REVC -0.01 1 -50 -10 -5 -10 2 8 416 47009DGRC003 TH23709 124 125 INT REVC -0.01 -0.01 -0.01 -1 -50 -10 -5 -10 5 8 237 47009DGRC003 TH23710 125 126 INT REVC -0.01 -1 -50 -10 -5 -10 4 6 326 47009DGRC003 TH23711 126 127 INT REVC -0.01 -1 -50 -10 -5 -10 -2 8 323 47009DGRC003 TH23712 127 128 INT REVC -0.01 -1 -50 -10 -5 -10 24 8 349 47009DGRC003 TH23713 128 129 INT REVC -0.01 -1 -50 -10 -5 -10 3 8 381 47009DGRC003 TH23714 129 130 INT REVC -0.01 -1 -50 -10 -5 -10 -2 -3 369 47009DGRC003 TH23715 130 131 INT REVC -0.01 -0.01 -1 -50 -10 -5 -10 -2 6 291 47009DGRC003 TH23716 131 132 INT REVC -0.01 -1 -50 -10 5 -10 -2 9 313 47009


APPENDIX 3

LOGGING CODES


BMA Operations Pty Ltd 309 Logging Codes Mar-05

ROCK TYPE Lithogy cont. MINERALSMINERALISATIONSIN Sinter - thinly laminated ,siliceousBXM Eruption Breccia - matrix supported, polymict,

two dominant clast type, angular to rounded clasts, variably silicified and sulphidictypically dark grey to black

BXC Eruption Breccia - clast supported, polymict, similar to above but matrix poor (possible altered conglomerate)

BXQ Hydrothermal Breccia - matrix to clast supported, less variety of clast rock type than EBX and often contains granite clasts,typically pale grey with quartz rich matrix generally <5m thick

Vein Qualifiersa amethystb banded - crustiform/colloformbl bladed, post-dates Au mineralisationbx Brecciacc chalcedonicq crystalline quartzSTRUCTUREFZ Fault Zone- generalFS Silicified faultFP Puggy faultSZ Shear ZoneOTHERNS No SampleLO Lost CoreCA Cavity

VolcaniclasticIAT Andesite Tuff IAAT Andesite Ash Tuff IABX Andesite breccia IALT Andesite lapilli tuffIAXLT Andesite crystal lithic tuffMafic Volcanics MB BasaltMT Intermediate tuffPlutonic RocksG Granitoid, undifferentiatedGAP ApliteGD GranodioriteGDI DioriteGDO DoleriteGFP Feldspar porphyryGQFP Quartz - feldspar porphyryGR GraniteGSY Syenite Metmorphic Rocks SCH SchistSM Meta-sediment, phylliteCS Calc-silicateOtherBX BrecciaBXM Breccia matrix supported, milledBXC Breccia clast supportedBXQ Breccia quartz veined, hydrothermalBXS Breccia sediment dominatedQV Quartz veinQVS Quartz vein stockwork SMS Semi-massive sulphides SZ Shear ZoneFZ Fault zoneLO Lost coreNL Not logged/sampledPC Pre-collarAlterationAAR Argillic, clayACB CarbonateACH ChloriticAHM HaematiticAPH Phyllic, silica-sericite-pyriteAPY PyriticAPT PotassicASE SericiticASI SilicicASS Silica - SericiteWeatheringBOCO Base of complete weatheringBOW Base of Weathering

AD AdulariaAM AmethystAU GoldCB CarbonateCE Celadonite CPY Chalcopyrite CHL ChloriteCY ClayFE Iron oxidesFL FluoriteGB GibbsiteGR GraphiteHE HaematiteKF K-FeldsparQZ QuartzSER SericiteSID SideriteSulphidesCP ChalcopyriteGA GalenaMC MarcasitePY PyriteSP Sphalerite

WEATHERINGCW HW MW SW FLFR

Completely weathered Highly weathered Moderately weathered Slightly weathered Fresh, feox fracturesFresh

LITHOLOGY COLOURSTransportedTC Soil, Transported coverTCG Gilgai claysTCY Clay, generalTS SandResidualRSF Silcrete, Ferricrete, Laterite RCY Clay, Saprolite SedimentaryS Sediments, generalSIN SinterSCT ChertSGC Conglomerate - clast supported SGM Conglomerate - matrix supported SMD MudstoneSS SandstoneSSC Carbonaceous sandstoneSST Tuffaceous sandstoneSSH ShaleSSHC Carbonaceous ShaleSSL SiltstoneSSLC Carbonaceous SiltstoneSSLT Tuffaceous siltstoneSV Epiclastic-volcaniclastic, general SVBX Debris flow, volcaniclastic breccia Felsic VolcanicsF Felsic volcanic, generalFlow or Intrusive FD DaciteFR RhyoliteFRF Rhyolite, flow bandedFRBX Rhyolite, brecciaVolcaniclastic FT TuffFLT Lapilli tuffFPRX Pyroclastic, ignimbriteFAT Ash tuffFXT Crystal tuffFXLT Crystal lithic tuffFVT Vitric tuffIntermediate VolcanicsI Intermediate Volcanics, generalFlow or IntrusiveIA AndesiteITR Trachyte

BK BL BR CR GR GY KH OR PK PU RD WHYL

Black Blue Brown Cream Green Grey Khaki Orange Pink Purple Red WhiteYellow

ROCK TEXTUREAMY BA BX CGR CC CS CT DS FB FGR FP FQP FRG LAM MA MGR MM MO MS PM QFP QP SAC SED STK VU WS XL

Amygdaloidal Banded Brecciated Coarse grained Carbonaceous Clast supported Coherent Disseminated Flow Banding Fine grained Feldspar phyricFeldspar>quartz phyric FragmentalLaminated Massive Medium grained Monomict MottledMatrix supported Polymict Quartz>feldspar phyric Quartz phyric SaccharoidalSedimentary, ie bedded, graded StockworkVuggy, cavities Wispy Crystal/lithic rich

ALTERATIONIntensity1 Weak2 Moderate3 Strong

STRUCTUREBA BE DY FZ FG FO FR JT STY SZ VL VN CT TCT BCT

Banding Bedding Dyke FaultFault gouge FoliationFracture, fractured JointStylolites Shear Zone Veinlet <5mm Vein >5mm ContactTop contact Bottom contact

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