Exploration Licence (EL6430) applied for in early 2017 covering 102 km²

in Victoria and was granted on 8th May 2018 for 5 years.

Successful drilling at Golden Mountain:

Disseminated granite related gold mineralisation

Epizonal gold deposits associated with disseminated stibnite & arsenopyrite sulphide mineralization

Further exploration license applications lodged for a total of 996 km²

GOLDEN MOUNTAIN SECTIONS – NS Zone ‘Dig Fault’

GOLDEN MOUNTAIN SECTION – EW Zone ‘Granite’ Contact

  • Encouraging recent drilling at the east-west striking ‘granite’ contact zone has highlighted the potential for further gold mineralization beneath the latest drill program.
  • Gold grade intersections appear to be a combination of the north-south fault zones intersecting the granite contact zone such as at drill hole 22GMRC12 with 77m at 1.15 g/t Au from 2m depth. This mineralization has the potential to form a pipe like body below this intersection.
  • Along strike to the west further drill intersections occur. Access to the east is limited by steep terrain.
  • A gold in soil anomalous zone has a strike length of ~1km along the granite contact with the area shown forming the central part.

GOLDEN MOUNTAIN PLAN & HISTORIC PLAN

GOLDEN MOUNTAIN 3D VIEW

  • Golden Mountain mineralized zone domains, showing the development of mineralised mineralized pipes as a result of intersecting fault zones and favourable beds
  • Red zones are carbonaceous beds.
  • All zones are gold mineralised
  • Other pipe-like zones occur in the surrounding area, such as at Wolfe’s and Faulk’s open cuts

GOLDEN MOUNTAIN LONG PROJECTION

DRILL TARGETS AT GOLDEN MOUNTAIN

North Shoot has not been drilled effectively with holes generally clipping the projected mineralized shoot

Near surface shallow drilling is required to detail some of the various mineralized zones

Drilling of satellite prospects with either Au-As-Sb signatures or Golden Mountain pipe type (eg Heyfield, Faulk’s)