, I 760001 PART PROJECT A-84-111 I GE0408 I I I I

I Doc:. Rof.

Action OfficlO'r ! In:ti;"I.s ~~~-­ I \e-\kr ~__ -l I I----~-...~~--- i I PROGRESS REPORT _ Resubmit to J Date_ I TWELVE MONTHS TO SEPTEMBER 1988 I I

I EXPLORATION LICENCE 37/83 I I I • I R POLTOCK JUNE 1988 REPORT 585 I I CYPRUS I 001 760002 I I I I I I I I

I DISTRIBUTION, ------I 0 Sydney I • Department of Mines 0 Spare 0 Field I 0 Placer

0 Poseidon I 0 Arimco I I I I I I ~! ,'"' ,) 760003 I vJ~ I I I I I I I I

I CONTENTS, _

I Page SUMMARY AND CONCLUSIONS 1 I RECOMMENDATIONS 2 INTRODUCTION 3 EXPLORATION TARGETS 4 I DESCRIPTION OF THE PROPERTY AND OWNERSHIP 5 LOCATION AND ACCESS 6 I HISTORY AND PREVIOUS EXPLORATION 8 REGIONAL GEOLOGY AND MINERALIZATION 11 I GEOLOGY AND MINERALIZATION OF THE PROPERTY 14 WORK CONDUCTED BY CYPRUS 16 I EXPLORATION POTENTIAL 21 PROPOSED PROGRAM 22 REFERENCES 23 I EXPENDITURE 24 I I I I 760004 I TABLES, _ Page I 1 BASE METAL AND GOLD PRODUCTION - TASMANIAN WEST COAST 13 I I I FIGURES, _ After Page I 1 LOCATION 6 2 WANDERER NORTH GEOLOGY 19 I 3 LEGEND 19 I I APPENDICES _ I I 1 ANALYTICAL RESULT SHEETS 2 SAMPLE DATA SHEETS I I I ENCLOSURES _ I Scale 1 EL 37/85 • REGIONAL GEOLOGY 1:50000 2 Wanderer North - Profiles • LINE 1 1:5000 I 3 • LINE 1.5 1:5000 4 • LINE 2 1:5000 I 5 • LINE 2.5 1:5000 6 3 1:5000 I • LINE I

I 760006 1 I I I I I I I I

I SUMMARY AND CONCLUSIONS, _ I At Wanderer North detailed soil and rock geochemistry failed to I locate significant gold or base metal mineralization.

Quartz veins exposed in the Wanderer River and containing I anomalous gold (1986-87 season) were resampled but failed to I return any significant assays. The source of the coincident EM and magnetic anomaly on Line 1 at I Wanderer North was not determined due to thicker and more consolidated gravel cover than expected. It is considered that I the geophysical anomaly is due to a lithological unit in the Cambrian or overlying Tertiary gravels rather than a sulfide I body. No further work has been carried out on the platinoid potential I of the Spero River ultramafics. I I I 760007 2 I I I I I I I I

I RECOMMENDATIONS _ I No further work should be conducted at Wanderer North I Assessment for platinoids and gold should be undertaken in I the Hibbs Point/Spero River area. I I I I I I I 760008 3 I OJ? I I I I I I I I

I INTRODUCTION, _ I Work on Exploration Licence 37/83 during the 1987/88 field season I was restricted to a geological and geochemical assessment of the gold and base metal potential at Wanderer North in the south­ I eastern sector of the licence. Field work was conducted during January from the Mines Department I camp at Wart Hill, track cutting and sampling contractors established a fly camp at Wanderer North. Field crews were I supported by a Bell 47 helicopter which was permanently based at Wart Hill. I Poseidon the joint venture partner in EL 37/83 withdrew during the year, Cyprus are currently seeking another partner for the I area. I I I I 760009 4 G08 I I I I I I I I

I EXPLORATION TARGETS, _ I The exploration licence protects a prospective section of Cambrian volcanics and volcano-sedimentary units and carbonates I equivalent to the Dundas Group.

I The main target for exploration is a polymetallic volcanogenic massive sulfide orebody with reserves of 15 million tonnes of 20% I lead-zinc with gold plus silver credits similar to the Rosebery and Que River/Hellyer deposits 100 kilometers to the north. I Important secondary targets include intrusive related stockwork, breccia, vein and replacement/skarn gold mineralization and/or I gold and platinoids associated with ultramafic rocks. The carbonate rich formations of the Cambrian Dundas Group are I prospective for replacement type tin deposits similar to Renison (24 million tonnes of 1.1% tin). While this type of deposit is I not a high priority target for the current exploration there are a number of localities within the tenements which could host such I a deposit. I 760010 I 5 I I I I I I I I

I DESCRIPTION OF THE PROPERTY AND OWNERSHIP _ I Exploration Licence 37/83 comprises a total of 230 square I kilometers and is held by Placer Development Company. Poseidon withdrew from the joint venture during the year. The I equity structure is now as follows:

I Cyprus Gold 100% Placer Development 5% net profit I I I I I I 760011 6

I "'\_.-. i0- ".,..,1 _.' ' I I II I I I I I

I LOCATION AND ACCESS _ I The tenement is located immediately south of the Sorell Peninsula on the southwest coast of Tasmania between and The I Shanks. The southern most part of the licence lies west of Wart I Hill (Figure 1). The area has a high annual rainfall (approximately 1750 I millimeters) and the geologically prospective units are covered by dense myrtle rainforest and swampy bauera scrubland. I Exploration is generally confined to the summer season from November to March.

I Access is by helicopter from Queenstown with boat and barge support from Strahan. A limited network of tracks from previous I exploration exists but are substantially overgrown. Extreme difficulty of access is experienced by ground crews particularly I in bauera and ti-tree scrubland. Ground movement beneath the tall myrtle canopy is easier. Movement of ground crews is I I 760012 011

'-" CAlIf SOIIEU:~t;jl~~~

+

..... 5330000N r-__~~r

o

+

5cm I 760013 7 improved dramatically by the cutting of rough foot tracks and I opening out of the smaller streams and gullies filled with I horizontal scrub. Most areas are only accessible by foot from short term camps I located close to the target.

This season work was conducted from the Tasmanian Mines I Department base camp at Wart Hill in conjunction with the Cyprus program at Elliott Bay. Crews were transported to and from work I by helicopter.

I The tenement is located within the Southwest Conservation Area and all mineral exploration and associated activity is regulated and monitored by a working committee chaired by the Department of I Mines with representation from the Forestry Commission, Department of Environment and National Parks and Wildlife I Service. Exploration programs and alterations must be approved I by the committee prior to the granting or renewal of licences. I I I I I I I I I I r" 3 760014 8 I u~' I I I I I I I I

I HISTORY AND PREVIOUS EXPLORATION, _ I In 1959 a joint venture between Mt Lyell and Electrolytic Zinc Company (Lyell EZ Explorations or LEE) was granted Exploration I Licences 1/59 and 3/59. A subsequent airborne magnetic and electromagnetic survey of the tenements included the I area. Average line spacing was 500 to 700 meters and ground clearance averaged 160 meters. Recovery on photomosaics was I poor. I Ground follow-up of airborne anomalies entailed geologic mapping, geochemistry and geophysical surveys (magnetometer, gravity, I AFMAG and IP). LEE's Hazel Hill EM anomaly was located a few hundred meters I south of Cyprus's Wanderer North grid (Elms 1959). The only significant features located were a downthrown block of Gordon I Limestone within the Cambrian sequence, minor galena and sphalerite associated with quartz veins and chloritic schists and I a narrow amphibolite dike. I 760015 I 9

BHP conducted exploration in the mid to late 1960's under I Exploration Licences 1/64 and 13/65 initially covering 10,000 square kilometers. Work was conducted over five field seasons I between 1965 and 1969. Initially most activity was in the east outside the current licences with reconnaissance mapping and I geochemical sampling along the west coast. By the end of the third field season (October 1966 to May 1967> this work had I located an area of anomalous copper and zinc in streams between the Mainwaring and Urquhart Rivers (Cypress Creek>.

I The bulk of BHP exploration took place within the next two field seasons, 1967/68 and 1968/69 over the Mainwaring Belt. The main I regional technique was stream sediment sampling at approximately 400 meter intervals. No assaying for gold or tin was undertaken. I Mainwaring Belt Initial regional sampling along streams at 400 meter intervals I returned higher values for copper, nickel and zinc than other areas. Most BHP activity was generated by high copper values I particularly in the vicinity of Cypress Creek where detailed soil sampling, stream geochemistry, mapping and ground geophysical I surveys conducted along bulldozed tracks in the area. Little work was achieved away from these tracks due to the dense I undergrowth. A and B horizon soils were analyzed for copper, nickel and silver and initially for lead and zinc. A costean was bulldozed at GR727579 in an interbedded siltstone, conglomerate, I tuff and andesite sequence. A massive pyrite horizon up to 10 centimeters thick and assaying 150 ppm copper, 300 ppm lead, 500 I ppm zinc and 400 ppm nickel was located along the contact between this unit and greywacke/argillite to the west. This contact is I approximately north-south of the present Cypress Creek helipad. The maximum copper assay in the costean was 1300 ppm and a I recommendation was made to test this further at depth by drilling. The most significant nickel anomaly corresponds to the strike extent of a sheared gabbro unit passing through GR748575. I A 'first class' airborne EM anomaly was reported along a zone I north of the Mainwaring River although this was not tested. I I 760016 I 10 A limited airborne survey was conducted over Cypress Creek to I infill a gap in the LEE survey of 1959. This small block formed a part of a much larger survey covering areas to the east. I Ground clearance was 150 meters on lines spaced at 500 meter intervals. I In February 1968 an airborne scintillometer survey was conducted over selected areas mainly with the aim of testing Precambrian I and Ordovician conglomerates for uranium. Only one first order anomaly was located (outside the current tenements) along with 14 I second order anomalies. One of these occurred over the Deep Creek ironstone (Anomaly 129) and five others over the coast at I Cypress Creek were attributed to ground water effects. I After the fifth field season ended in April 1969 exploration activity declined. A short ground survey was conducted in February/March 1971 over ultrabasic rocks at Spero River and I Hibbs Lagoon mainly oriented towards asbestos mineralization but potential for base metal mineralization associated with the I ultrabasics was considered. I Details of previous work by Cyprus (as Amoco Minerals) is included in Reports 401, 454 and 500 (Progress Reports for 12 months to September 1984, 1985 and 1986). No significant zones I of mineralization were identified, however regional mapping I enhanced geological knowledge of the area considerably. I I I I I I I 11 -. _I t"'" 760017 I U.:.. O I I I I I I I I

I REGIONAL GEOLOGY AND MINERALIZATION _ II The regional geological setting is related to Paleozoic volcanic and sedimentary processes in a linear trough (the Dundas Trough) I along the western margin of the Precambrian Tyennan nucleus composed of metamorphosed siltstones and quartzites. Early I Cambrian sedimentation includes sandstone, shale and carbonates (Success Creek Group) followed by mudstones, greywacke and basic I volcanics (Crimson Creek Formation) and in the middle to late Cambrian mudstones conglomerate and minor volcanics of the Dundas I Group. The associated calc-alkaline Mt Read Volcanics developed on the shallow water eastern margin of the trough sediments adjacent to the Precambrian nucleus. The volcanics interfinger I with or are faulted against the Cambrian sediments (Upper Dundas Group) to the west and are composed of rhyolite, dacite, I intermediate rocks and basalt in the form of lava flows, breccias, tuffs and plugs. Crustal processes during this latter I period resulted in serpentinized ophiolitic material being thrust into the sediments of the trough. Tectonic interpretations of I I I 760018 12

these ophiolitic mafic complexes are conjectural and include I subduction and rifting.

I Sedimentation continued in the late Cambrian to Ordovician with deposition of siliceous sands and gravels (Owen Conglomerate) I then shallow water limestones and shales (Gordon Limestone). In the Silurian and Devonian sandstones and siltstones of the Eldon I Group were deposited. Folding and faulting of the above sequences and post tectonic I granitoid intrusives occurred during the mid Devonian Tabberabberan Orogeny and the resulting sedimentary-intrusive I complex is overlain by subhorizontal Carboniferous-Triassic successions intruded by Jurassic dolerite sills and dikes. I All known metal mines and prospects in the region occur in late Precambrian to late Devonian rocks. Base metal and gold I production is dominated by the Mt Lyell, Rosebery and Que River mines (Table 1). These are volcanogenic massive sulfide deposits I hosted by the central parts of the Cambrian Mt Read Volcanics, a sequence of felsic breccias, tuffs and lavas with minor II siltstone. The deposits are characterized by large tonnage and area and are finely layered with generally high zinc-copper I ratios. Typical mineral assemblage is pyrite, sphalerite, galena and chalcopyrite with silica and barite gangue minerals. They have extremely variable conductivity and chargeability I properties. Airborne EM systems have been successfully used to detect massive sulfides, for example the Que River S lens, I however the much larger Que River P lens is nonconductive and lacked an EM response but was strongly responsive to the induced I polarization technique. Other favored ground techniques include stream sediment and soil geochemical sampling especially in areas where outcrop and access is poor. However stream sediment I dispersion trains may be short (less than a few hundred meters) due to rapid dilution caused by high rainfall and the acid I reducing environment caused by thick vegetation. In rapid flowing streams where there is an absence of -80 mesh silt, I consideration should be given to cold extraction geochemistry to detect trace metals fixed by manganese and iron coatings on I I 760019 I 13

gravels. This technique can enhance an anomaly to background I contrasts and give longer dispersion trains around I mineralization. I TABLE l __-!BASE METAL AND GOLD PRODUCTION - TASMANIAN WEST COAST Mine Gross Reserves Grade I (million tonnes)

Rosebery 18.4 5.6%Pb, 18.2% Sn, 0.7% Cu, I 187 g/t Ag, 3.4 g/t Au 147 1.5% Cu, 8 g/t Ag, 0.4 g/t Au I Que River 3 7% Pb, 12.5% Zn, 171 g/t Ag, 3.5 g/t Au I Hellyer 15+ Similar grades to Que River Renison 24 1.1% Sn I Mt Bishoff 18 0.8% Sn Cleveland 6 0.8% Sn, 0.3% Cu Queen Hill I (Group) 7 0.7% Sn

I Another important deposit type is sediment hosted replacement tin associated with granitoids. A major example is the world's I largest underground tin orebody at Renison with smaller deposits at Mt Bishoff, Cleveland and Queen Hill. Host rocks are Cambrian dolomitic sediments intruded by Devonian to Carboniferous tin I bearing granites which do not necessarily outcrop. The mineral assemblage is cassiterite-pyrrhotite and the most useful initial I exploration technique is magnetic surveying.

I Also associated with Devonian granitoid intrusives are the scheelite skarn deposits examples of which are mined at King I Island and Kara.

Exploration and small scale ml.nl.ng indicate possibilities for I discovery of economic deposits in a number of other environments notably stratabound lead-zinc mineralization in Gordon Limestone I and nickel/platinum/asbestos mineralization in serpentinized ophiolitic masses. Gold bearing quartz vein deposits are of I minor importance in Western Tasmania to date. I 760020 14 I ,..,. -, '1 v .... J I I I I I I •'. • GEOLOGY AND MINERALIZATION OF THE PROPERTY ~ _ I Geological control within the joint venture area is poor due to its remoteness and mapping is based on the work conducted by BHP I in the mid to late 1960's (Enclosure 1).

Large blocks of Precambrian clastic sediments form the basement • complex in the Cape Sorell area to the north of EL 37/83. I During the Cambrian period the basement was cut by a series of broad north to northeasterly trending graben structures into • which volcanic derived sediments (greywackes, argillites and siltstones) intermediate volcanics and carbonates (dolomites ­ I Mines Department XRF studies) were deposited. The carbonate ­ dolomite suites may be equivalents of the Success Creek and I Crimson Creek Formations which are host to the major tin deposits in Western Tasmania. upper Devonian granites are known to occur I in the area principally on the northwestern tip of Cape Sorell and also to the south of at South West Cape and Cox's I Bight. Outcrops of microgranite to diorite have been located I 760021 15 I Q"J

north of the tenement within EL 36/83 in the Timbertops area just I west of Birch's Inlet. The syenitic granite reported on the coast near Birthday Bay is now thought "to be more lamprophyric in I composition. Mines Department work suggests a Devonian granite occurs just off the coast near Sloop Point in the northwest I corner of Exploration Licence 35/83. As mapping to date has been sketchy further possible tin bearing plutons may exist within the tenements. Others may also lie at depth and may be tapped by I major linears similar to the Federal Bassett Fault at Renison.

I The southern portion of the tenement is underlain by the uppermost predominantly intermediate to basic Mainwaring I Volcanics suite of the Volcanic

A small Cambrian ultramafic complex is exposed on the coast at I Spero Bay in the northwest sector of the tenement. The body consist of serpentinized peridotite and pyroxenite, gabbros, I pyroxenite dikes, basic to intermediate lavas and fine to medium grained volcaniclastics. These lithologies have been assessed on I a reconnaissance basis for asbestos by BHP and platinoids and gold by Cyprus Gold. No significant mineralization has been I located.

Reworked Permian tillite and siltstone occur at Point Hibbs and I are faulted against Jurassic dolerite to the west.

I No previous production from the area is recorded. A number of alluvial gold occurrences are noted in the southern tenement I where rivers drain the predominantly basaltic to andesitic volcanics of the Mainwaring Group and acid rocks of the Lewis I River Volcanics. I 760022 16 I 0;:1 I I I I I I I I

I WORK CONDUCTED BY CypRUS'-- _ I Work conducted by Cyprus during the 12 months to September 1988 I included: Assessment of a coincident magnetic and Max-Min EM anomaly I in an area of Tertiary gravels at Wanderer North

I Follow-up of anomalous gold and base metal mineralization associated with quartz veining in proximity to a regional I fault system at Wanderer North. I The work program entailed: I Cutting 2.0 kilometers of infil1 and line extensions Collection of 80 B/C horizon soil samples I Collection of 16 rock samples I I 760023 17 r.·.. ~· I v', .~ Drilling 31 Wacker percussion holes (a total of 207 meters), I with an average hole depth of 6.7 meters. A bottom-of-hole I sample was collected at each site I Geological mapping and logging of Wacker samples All samples were assayed for copper, lead, zinc, arsenic and I gold. I W.ANDER.E:R. HORTH.. ••••••••••••••••••••••••••••••••••••••••••.•.•.•• The prospect is located in the eastern most section of EL 37/83, I 4 kilometers west of the Moores Valley airstrip on the steep eastern flanks of the Wanderer River. I The area is readily accessible by helicopter as ridge tops on the eastern end of the gridlines are only covered with sparse button I grass. The gridding and sampling contractors established a 'fly I camp' in this area. Exploration programs have been previously conducted in the area I by Lyell EZ Explorations in the late 1950's at the Hazell Hill area (Elms 1959) and by BHP in the mid 1960's.

I Griddinq _

I A total of 2 kilometers of grid line extensions and infills have been added to the existing Wanderer North grid. A baseline has I not been cut but lines can be accessed along the button grass ridge from the east or the Wanderer North from the west central I part of the grid. I Soil Geochemistry --'- _ All grid additions have been augered to B/C horizon at 25 meter I intervals. The samples were dried, pulverized and assayed I (Appendices 1 and 2 and Enclosures 2 to 6). I I I 760024 18 The maximum gold value was 0.28 ppm at 325E on Line 2.5. Only I three other samples assayed above the 0.008 ppm detection limit, the highest of these was 0.04 ppm gold. Nothing of geological I interest was noted at any of these locations. I Maximum base metal values were located on Line 1.5 between 350 and 450E. These were 340 ppm lead and 650 ppm zinc. The anomaly probably continues south to Line 2 and is associated with I limonitic and manganiferous crusts on outcrop.

I Wacker Geochemistry _

I A coincident magnetic and EM anomaly was tested with 31 percussion holes which were drilled at 12.5 meter intervals on I Line 1. The area is covered by Tertiary Gravel between 400E and 750E. Only the holes on the western edge of the gravel cover I penetrated to bedrock. The deepest hole was 18.4 meters at 612.5E which ended in I impenetrable consolidated gravels. Variable penetration rates in drilling probably indicates an interlayered sequence of wet clays I and consolidated gravels.

Magnetic or pyritic rock types were not located in the drill I samples.

I All samples assayed <0.008 ppm gold. Maximum base metal values are associated with bedrock samples between 475 to 500 E. These I were 70 ppm copper, 315 ppm lead and 265 ppm zinc. Base metals in gravel samples were less than 100 ppm. Analytical result I sheets are included in Appendix 1 and sample data sheets in Appendix 2.

I Rock GeochemistrY, _

I Limonitic crusts on bedrock associated with the base metal soil anomaly on Line 1.5 and 2 were chip sampled. The best assays I were 435 ppm copper, 5.67% lead, 1.25% zinc and <0.008 ppm gold. Underlying bedrock in the area consists of sericitized volcanics I with no apparent sulfides. I I 760025 19

Quartz veins containing anomalous gold located last season in the I Wanderer North were sampled in more detail. All assays returned less than the 0.008 ppm gold detection limit. Analytical result I sheets are included in Appendix 1 and sample data sheets in Appendix 2. I Anomalous soil gold anomalies were sampled on Line 1.5 at 160E and Line 3 at 325E, both sites assayed 0.23 ppm gold and several I hundred ppm lead and zinc. Weakly sericitized and quartz veined I rhyolitic volcanics outcrop at each site. Geology _ ~I The Wanderer North grid covers a northeast trending and steeply I dipping sequence of rhyolitic and basic volcanics and clastics, which are part of the Western Epiclastic Sequence. These Cambrian lithologies are bounded in the east by Owen type ~I quartzite, conglomerates and siltstones.

I Mica lamprophyre dikes are the only intrusives to be recorded in the area, LEE (1959) located a dike between 5 and 50 centimeters f. wide in the Wanderer River 350 meters south of Line 3/100E. The !I lamprophyre hosted narrow quartz galena veins. The contact between the two volcanic sequences is interpreted to be a regional fault structure, the northern extension of the I Copper Creek and Osmund Faults. A subparallel fault set was defined by LEE in 1959 at their Hazell Hill prospect which lies I immediately south of Line 3. A downthrown block of limestone was mapped in the volcanic sequence, this 'was interpreted by LEE to I be a correlate of the middle Ordovician Gordon Limestone. The faults bounding this block trend northeast and may be associated I with the geophysical anomalies on Line 1. Sulfide mineralization in the area is restricted to narrow quartz I veins exposed in the Wanderer River and lenses of chloritic schist in the river south of Line 3. The quartz veins contain I galena, pyrite and specular hematite, these were originally mapped by BHP and were sampled by Cyprus last season. Chloritic I I LJ E I 023 o 760026 o o CD I r-­ [Y)

I 65000mN. / , , I /1,---- 10d ,/ I I 1~ I /' ,/ I I @ /\ / ROCK CHIP SAMPLES O - )/30 No. /10 1 35l-2 I / I' Cu Pb Zn Ag As Au I I ell o.311 8lI - /, I i I, 171421 105 500 lI05 0.5 2 <0.005 ,/ S1Ilolono / Sandotono 202992 10 5 10 <0.5 3 0.370 / l/ 1/ 202993 15 6 40 I <0.008 1:1 '-....._- ./ / '/, 291953 25 700 925 3 0.230 291954 110 5 80 <1 <0.008 /I'3b ' 291955 5 20 80 <1 <0.008 / 291958 10 45 80 <1 <0.008 291!1ll5 ,,/ LINE 1.5 291957 130 5 55 4 <0.008 I Qt.....n 2111853 291958 435 5.87ll: 1.25ll: 8 8 <0.008 64000 N -J~ O.5m wldo ;' / p'=!.!!l,!!m.!..!!C'-'-.------1L.----.f------1__ 291959 70 310 175 3 0.02 with golena ,/ 291980 2l,!~g!IT_----~~W_7""'--~~_j,---r---Ihr-_+---____=r=---'-:....--.-_+------T--7,.L----__~-t_-j.-...... :C:..:f:'PR:U~S~GOI.D~~A~US1RAU~~A~CORP~~OR:;A~ll::ON::....-_I , DRAIII BY: 1tJI. ® SPERO RIVER - E.L 37/83 T.&D.S. I I DRAF"I'SIUIH' o.ll~3.11 D.\1E ..... '17 / -I -- iIII - 10 1.2 """""" . WANDERER NORTH ..... 88 ORDOVICIAN GORDON LIMESTONE I/, from LNoli E.Z.oxplorations July 1959 GEOLOGY FU No. £L. I o SCALE 1: 10.000 ' flO. 2 , I 760027 TERTIARY CAMBRIAN - MAINWARING GROUP _ 11 Mainwaring Group - undifferentiated I o Quartzose Gravel 110 - gabbro I 11b - andesite-basaltic volcanics G~OCHEMISTRY JURASSIC 011.2 I 11c - dolomite 1"2' Dolerite DRtlNAGE SAMPLES ~49 11d - black shale ± PYT"lte @ _GoId grain '~ count I 11e - siltstone and sandstone LA TE CAMBRIAN - EARLY ORDOVICIAN Loc~nty Pb As Pb As I ZnAAJ Zn Au,Au (Au grade. repeat) :Owen Conglomerate - undifferentiated PRECAMBRIAN I I I I 30: - coarse quartzose sandstone i / ~ Metamorphics - quartzite, schist and phyllite -801 Panned concentrate [003b: - siltstone ~25 I sample sample 33 ------, I I 4 7OWaterloo Creek Group - undifferentiated R~K CHIP SAMPLES ,------,c--~ I 71 - hematitic volcaniclastic conglomerate Geological contact 40 Do P-02567 - Sample location and number I 4b 3. - tuffaceous coarse sandstone and grit Unconformity I Do 1102569 4c •• - black shale ± PYT"ite ~~ _ Sample location number Fault 4d - fine-med. grained rhyolitic volcaniclastic J!.~ and assays 'I '-1._...... , ~ Strike and dip of schistosity n Au i CAMBRIAN - MT, READ VOLCANICS 110' =- Strike and dip of bedding Do ~02569 TS - Thin section sample !I 5 - facing indicated ~-----l - Diamond drill hale location 5a ~ Plunging syncline vlu/l , 5b I :. ~ Old workings I 5c 9 DETECTION LIMITS (ppm) n 5d Cu Pb Zn A9 As Au I ALTERATlON - Pervasive and vein controlled 5e 63 R~S 5 5 5 0.5 1 0.005 ...... 5f 55 - siliceous conglomerate ...... Chlorite - magnetite - *plus ed 5 5 5 0.5 1 0.008 ,I 5g II - greywacke and siltstone //// Sericite P:tcon ntrates //// 0.01 (AAS) ~ Sericite - quartz Sofl~ 5 5 5 0.5 1 CAMBRIAN INTRUSIVES 0.008 (FTr. assay) I 5~5 Chlorite - PYT"ite ! 6 I,Elliott Point PorphYT"Y Quart.: - chlorite - PYT"ite - tourmaline - ..., Below limit of detectIon ~ , 7 ..Granite Quart.: - sericite - talc ± chlorite , qc qc 8 ,.Microgranite qc Quart.: - chlorite • 9 14PorphYT"itic Microgranite I CAMBRIAN - WESTERN EPICLASTICS • •• Quartz vein

10 ..Western Epiclastics - undifferentiated ...... Alteration baundary I 100 47 - andesitic - basaltic volcanics ...... 10b 5. ­ brown-grey tuffaceous siltstone and quartzoze conglomerate I 10c 53 ­ black shale ± PYT"ite CYPRUS MINERALS AUST. CO. at POSEIDON L10. 10d .9 - fine to medium grained rhyolitic volcanics DRAWN BY: EWOTI BAY - E.L. 40/85 DRAF19IIAN. T.G-D.S. 10e 45 - gabbro I DA1E • AprIl "17 10f 10 - coarse rhyolitic volcaniclastic sandstone ...... ' LEG END

FLEN~ • FIG. 3 REPORT ENClOSURE 760028 20 1027

schist lenses 'a few inches wide' were located by LEE in 1959, I these contain sphalerite, pyrite and galena. A LEE sample I assayed 5.25% zinc and 0.64% lead. Several styles of vel.nl.ng occur in the area, quartz sulfide as I described above, laminated chalcedonic quartz and quartz chlorite carbonate. None of these vein types are anomalous in gold. I Soil base metal anomalies on Lines 1.5 and 2 are associated with limonitic and manganiferous gossan-like deposits. This material I is interpreted to have leaked from a fracture system, no sulfides II were located in the lithologies underlying the gossan. I I I I I I I I I I I I I 760029 21 I 028 I I I I I I I I

I EXPLORATION POTENTIAL'-- _ I The primary exploration target is polymetallic massive sulfides hosted by basic to intermediate volcanics and sediments of the I Mainwaring Group. This group has lithological similarities to the Dundas Group at Que River and Hellyer 130 kilometers to the I north in the .

I A secondary target is gold associated with Cambrian or Devonian granitoids either as sediment hosted replacement type or I structurally controlled mineralization. The latter type is associated with the Henty Fault 90 kilometers to the north at Stirling Valley and may be associated with the Copper Creek Fault I a few kilometers to the east of EL 37/83 in EL 40/85.

I Further potential also exists for gold and platinoid I mineralization associated with ultramafic rocks. I I 760030 I 22 I I I I I I I I

I PROPOSED PROGRAM, _ I More detailed assessment of gold and platinoid potential in the I Spero River/Hibbs Point area is required. This could be achieved by regional stream sediment and rockchip sampling programs. I I I I

/

I Si ed -~_-A~~~~~:::::"._L _ I R POLTOCK I I I 760031 23 I I I I I I I 11

I REFERENCES, --'" _ I El:ms R, 1959 Report on Hazell Hill Area, Lyell EZ Explor­ I ations, Report No. 101 Torrey C and Poltock R, 1987 I Progress Report, 12 Months to September 1987 Sorell Peninsula, ELs 35/83, 36/83, 37/83, I Report No. 533 I I I I I I 760032 I 24 I CYPRUS GOLD AUSTRALIA CORPORATION I EXPENDITURE POR THE PERIOD SEPTEMBER 1, 1987 TO JUNE 30, 1988 SPERO RIVER EXPLORATION LICENCE 37/83 I I

$ I Salaries and Wages 717.34 Benefits 185.71 I Drafting 414.00 Cookery 704.48 I Field Supplies - General 132.00 Freight 249.35 Aircraft Charter 6,030.50 I Communications 957.05 Other Contractors 7,071.00 I Assays 1,864.76 Equipment Operation and Maintenance 213.72 I Property Payments 9,750.00 Contract - Geological 974.94

I 29,264.85 I Overhead at 10% 2,926.49 Total $32,191.34 I ======I I I

I C WILLIAMS MANAGER - ACCOUNTING I I • 760033 • • • • • • • • • APPENDIX 1. _ '. ANALYTICAL RESULT SHEETS ••• • • • • I • I 760034 I 033 ..

-'"'''''·'H.'' ,_,'0,",.• ~ -·-;"':'f'.

"dIY"loriof MadJoriaId Hamilton & Co~ Ply. Ltd. 52MurraYJl'r.'ilJrrlls~l. W.A_._61_06 _ Telex AA92560 I ANALYTICAL REPORT No. f' '.3. (,',;.,,' THIS IIEPORTMusTBI!READ IN CONJUNCTION W11H THE ACCOMPANYING ANALYnCAl DATA I ORDER No. PROJECT F: .. , F'r:;} t.D\-~l-:: f· ii, ":; '-1-' 'i',,' :, '. '. [·:i~)r·i..\<;;:' Hi nL':'~ d1 ~;-, P. [1 ~ .Hu·: :-:C"~~·O I DATE RECEIVED RESULTS REQUIRED 1. ef:~h an

I No. OF PAGES DATE No, OF RESULTS REPORTED OF COPIES TOTAL No; OF SAMPLES

PRE·TREATMENT ANALYSIS

OTHER HEFE"nO SAMPlE 1'U1, SPLIT SIEVE SEE NONE ANAlYSIS PREPARATION MflHOO NuMBERS VERISE REMARKS SECTION I so Pf p: D05 D13,01 so I I

REMARKS ;:'. :C»':hL'_<"c~l: W~~t1L ~~p",e l .. :/ p r •. ~ ~-; I i 1 ~". ,:c.','- ;:, ,; ~~, RESULTS I ~t·.' I':' . '.' f f3 ;::.'::< ..' '2."10 001 - L."IoO~1 f'I\J~- J. II TO So 11.. $ I 2."100;'1. - '2,"0 III

I RESULTS'

TO I ".ny:·--R.:~ r.J oR. w ... T"\ "'H ,o..C-K::=.R/ + ~1 LS PREPARATION ANALYSIS - METHOD

lew. Al coldocid CA atomic obsorbtion AAS IIfcore A2 s~ific sulphi SS x"ray fh..oresCence XRF ing A:J other mixed acidSrm Mo spectrOphotometry SPEC f k AA atkaline ottadt' AA colorimetrY COL soli AS yolatiliza1ion VO chromatOgraphy CHR UIP A6 ignltion IG titration nN oter . A7 pressed powder (XRF) PP other chemicals means CHEM ssue AS gloss fusion:(xitF} GF miscellaneous Mise f ream sediment fluorescence FLUOR heavy mine.-ol inductively coupled ICP

AUTHORISED OFFICER ------4<;f-L-=------

760036 ANALABS A Dl...ision of Macdonald HlIImUlon& Co. Ply. Lid. ANALYTICAL DATA SAMPLE PREFIX .. REPORT NUMBER REPORT 'lATE CLIENT ORDER No PAGE

7.5.08 .. 05065 57~2 OF ~- I 20/01188 IE00324 ON .J SAMPLE TUBE Cui Pb~~ t No. No. , Zn As \ Au AuRpt '. j> IJ 1 "90026 10 lO 30 <1 ~0.008 ~. .J~ ~" ...J .. 2 D90027 10 "85 4 ::0 .. 008 . , .' · I 3 b90028 40 10 110 <1 ~0.O08 - II f ~9(1029 ~jO ~ 4 .J '.;>0 1 ~:O. 008 - It 5 :>q0030 50 10 95 1 ::0.008 --

~90031 ~~. 95 <5 f ,J <: 1 ~O .. OO8 ..

~ ~ 102'·}(1032 ..J -' 40 < .1 ':0.008 .. ~ :~ :'90033 5 5 45 <1 :0.008 -

•• ' E:" 9 ·90034 ' • .J 345 55 <.1. ~(I .. 008 .. ·

, . ~l;.0035 • ,'~ ~ " • It 10 " , -' ,J 40 .,:: 1 ::(IN 008 - . \l ~90036 ~ 11 20 650 195 '-' 0.040 -

II ~90037 ._ • 12 <5 15 345 <. •> ~O .. OO8 .. I[ 13 ~90038 <5 10 90 <1 ~O,,(l(i8 .• .~ .0::; "-'0:::- 14 :90039 ".J <5 ..::. ...J <1 ~ (I ~ ()O8 .

.."r;: '90040 .:. .• Ir 15 <5 "', oJ 40 1 : U .. ;]08

.'"K:" .. ' .• 90041 -', oJ 20 100 ". 1 ~O .. OO8

~ I.;; 90042 "'.._' 10 50 ':, 1 ~O.(lO8 -

18 ·'90U43 <5 <5 60 J ':0 ~ 008 . -.

Il ~. ~. l 19 "90044 ..J 155 Q"J .10 U .. 010 ._- Ir 20 ~90045 45 360 ~:B~:i l7 O.GI0 - .1~70046 21 <5 15 90 <1 :: (I ~ 008 --

I- ~. 22 :90047 20 115 195 ~, ~O.(lO8 , 0.008

I .:..- 23 H;?OO48 10 ~'..J 105 9 ~O.OO8 -

I. -,~ 24 ·90049 10 .L .... 105 6 ~O.OO8 ._-

.'~ l 25 ·'90050 " ..J 15 40 1 :0.(1(18 - . ResUl\ai~'P:Pmunlessotherwise speclrl~ " 'I . T ,= EtPl'esent;blJt concentration too loW to m8Jasure X iii.: _,' em cOncentration is below detection limit • " AUTHORISED hff - ') ement not determIned . OFFICEA I, -/ I 760037 ANAL.ABS I 11 Dlvt9ior1 of-Macdonald Hamilton & Co.· Ply. Ltd. ANALYTICAL DATA SAMPLE PREFIX REPORT NUMBER AEI'ORT Dt"TE CLiENTORDER No. PAGE

~7~:'"._~ OF 17.5.08.05065 20/01/88 IE00324 ON ..J 5 truBE SAMPLE \; No. No. CU' Pb .,_ Zn As Au AuRpt

.~.. """ J1 90051 80 40 70 -~-, ::0.008 - • 2 b90052 100 30 90 30 ::0. (108 -- j - ~90053 60 4~:J ~ ~O 3 "' ...) 160 .. OO8 - ( l ) 4 ~90054 100 40 90 21 :0.008 .- I 5 ~90055 60 40 l.• O 24 :0.008 - 6 ~90056 160 'lO 9~J 18 :0.008 - l ~' "90057 120 20 100 1 1 :0.008 .0.008 ~ IV "'90058 110 15 ,_!:)[;;".....' 4() :0.008 -

9 '.90059 150 10 9'"--d 83 :0.008 -- ., • ,. t10 ~0060 , 135 10 90 36 ::0.008 - 290061 150 10 80 .12 ::0.008 .- 11 J , 12 ~90062 100 20 90 18 ~ONOO8 -- t· ~90063 / "~ ;r~ :[ 13 140 10 0.--' -'.':. ~O.OO8 11="1:,- ~ 14 ~90064 ...)~, •., 80 ""._' ~O .. 008

1115 ·9006::; 85 15 ~iU l 1 :"U .. (J08

.", .. I 16 '90066 100 10 Cjl:-J "- ::O.OOS I '0 ·90067 00 25 {':':.; 8 ~O.OO8 --

~-,"'c' )90068 ...) J::.._J ~.-. .- Il 18 10 = ::0.008 19 .~90069 10 20 {t '=-. 4 :0.008 ---

:>900],.) 7. ,;;: II 20 50 ,~~ ... J C,....J 15 ~O .. OO8 - ~ ~;O 21 ·90071 J 10 .. 4 ~O. OO~1 .-

~ •...) II 22 ·90072 '"' 40 .3 ~O .. O(J8 --

.~ ~ ....,0:;::. •....) '0 23 90(IT3 " ...J L...) L :0.008 ' 0.008

II 7~ 24 f,90074 -'-' 20 60 8 ::0.008 -

~ _. 25 b0075 ...) 10 40 .• :O.OOB l '-' , Resufls Inppm unless othslWI88 specdled T "~nt present; but concentr.tion too low to measure X,..j:i;ement concentration is below detection limit ' I ;.....- ~'1:lement nof determined ANAli.ABS· , 1I01~':ot,,~IU:(kml~~,~V£~;~,CO PtY:,Llq. ANALYTICAL DATA SAMPL.E PREFIX AEPOATNUMBEA . IlEPOAT gATE CLIENTORDER No. PAGE

OF ~ 17.5.08.05065 20/01/88 IE00324 DN 57tA ,J . SAMPLE IJ TUBE eu Pb No. No. Zn As . Au AuRpt ., ~90076 ~, , ~ 1 10 10 30 :0.008 - ·900/,7 ~ 2 -' 15 50 4 :0.008 - - -:>90078 ~ ~ i I 3 "' 10 50 "- '0.008 - I • ,I 4 90079 10 30 150 4 :0.008 _. It 5 290080. 5 <5 20 2 :0.008 -

~~ 6 ·90081 5 <5 ..•~,J -..:. :0.008 .- I. I '~90082 40 15 60 6 ::0.008 - ~.

I~E::" 12 b90083 .J,J 30 70 16 ::0.008 '0.008 9 '.:'90084 <5 10 45 6 0.008 - • -,'7 I: 10 ~~0085 : 5 20 60 :0.008 -

~ 11 ::'900136 .J <5 25 3 :0.008 -

I 12 .'clOO87 90 20 70 28 :0.008 '0' . ·'(}(JOb8 I 13 10 15 195 4 :0.008 " .:'900139 ~ .• 14 1 ::'J 15 95 ~. ::0.008 I 15 ~·:)O(l·)O 10 10 75 3 :O.OOB -

~. QOO91 .'a:;:- ~ -. 16 .J " ,J 40 " :0.008

.' ~ .~ I ~'70(;(:~=~ •.. ..J <"5 •. (). 50 "- '0.008

18 .'~90093 5 10 15 :0.008 - I " ~')()(l(?4 ~r:;: 19 "':'--! 20 12~j 4 :0 .. 008 -

~':;'UU'7'::j r'll~ I 20 20 .0.:.<--' 140 4 ~O .. OO8 ", .'"r::- . ~'-700'~'b -:. '. 21 10 '. ,J 80 :0. (JOEl

C ~ ., I 22 r' ·'900 /7 ,J <5 40 ',' :0.008 -

'90098 ~~ 23 25 ",J 105 3 ·:0. (lOS -

I ~ ~ ~9(iO'::,'q 24 -, ,J 25 2 :0.008 ., 0.008 ./

~}Ol(~ .'~ /1:'" I 25 .. .. ,,.J ...... ) J.5 2 :.0 .. 008 - Results in ppm l.IrHeas'6therwiae specified ... T ""En'PresenCJiUtconcen'ration too lowto.me8$Ure > x~,,~ . ent concentration is below delEte,tion limit " . AUTHORISED J./~< -'~:' ement not determined _ . OFFICER' I I 760039

"'i ,'" >;!:" ··'~~.L", ,...•. "","" ··ANALABS " '" : :.,j";~ ..... '. '.' .... ~ ;~:ON~ ~,~~l).~~;~!nil~ci~~ Co Ply. pd. :..:>""'< ",,' '," , '... .. " , .. ;',:,:;>:,q.:.},,:,.: ',It,:;·;I ANAL:YTICAL DATA :, :" , .. ", ".', , SAMPLEarReFIJC' ., . REPORT NUMeER REPORTD,.TE CLIENT ORDER No. PAGE

17.5.08.05065 OF 5 ITUee SAMPLE .. No. No, .. C.l.I IPb , Zn As '. Au ALIRpt

0>90101 -;~ I 1 25 10 80 -' ::0.008 / 2 1290102 20 'ZIC'"_..... 50 7 ~O.OO8

.,~ ;r 3 0>90103 5 20 L .... 3 :0.008 II ~90104 4 5 45 60 "--' 0.280 " It ·90105 ~ 7 5 <5 J 20 -' 0.010 I:

h9010b .,~ ~ 6 <5· 10 L .... -' :0.008

II ~ 90107 <5 .... 40 3 ::0.008 IIY ·90108 <5 ...... ,"'=' 55 1 :0.008

.-~ ~~ 9 90109 ' ..... 'J 30 1 :0.008 < 0.008 ~0110 .~ , It 10 <5 ""<5 30" i :0.008

~r 90111 <5 10 ..:• .J 1 ~O.OO8 II 11 12

Il13

f 14 15

I 16 l"fr

._ ..'

~~.. ~ ...-'

--" 21 ) I 22

~ ~ ETECTII N J -' 5 ., 0.008 0.008 UN!. S PPM PPM PPM PPM PPM PPM

M~OD 101 101 101 114 309· 309 ····t I I 760040 I :f:-:~" i·.... ~ ~~ ll..,._. f~'~\ I-::_~ ~:;; T ?~ S ~'J !F=-) t',·..; ]( t:~\ ADivision of Macdonald Ha8i1ton &Co. Fty. Ltd.

I finn: \o04i 31 6837 FAX: 004 3! 8390

I PRELIMINARY ANALYTICAL REPORT No. !.~j.08.. 0~.OBO

INVOICE TO: ORDER No. PROJECT I f:~:" ~;OF F.'i::,l t DC k E(10390 DN 5758EI7/S:; C C:Yi::

I Ze~:::,hC:.,n DATE RECEIVED RESULTS REOUIRED 20;01/88 ASAP I No, OF PtlSES DATE No, OF RESUL! S REPORTED OF COPIES TOTAL No. OF SA~PlES ., A C' I 27/0.1/88 .,. 1 ..J I SAMPLE }mMBER5 S~MPLE DESCRIPTION ~ PREPARATION ELEMENT/METHOD 211951/S9,29196!/66 I 291951/59,291961166 RD ~ui3(l9 I I

I RESULTS TO: REMARKS:

I ;.::' ~ L: ~ rJu>: 47~::; !\lc:·!·--th ~;vdr;t::'''1 I

I U ,:,", l"l i n F'j'-' 1':1"L ;7".. F' ~ CJ" Be;::-: '.~~~;U I ZE'E,h2n \JJ Jt.ND=Q'~ ""0 c:v'Ff\ Q.Q::JK" :?Alf\Pt.=.~ I I It I \ 760041

I ANALABS TASMANIA I PRELIMINARY ANALYTICAL DATA REPORT NUMBER REPORT om ClIEN! OROER No. PASE I :~)/()J /F~U E0039Cl DN 57581 OF ,'-.c. eu f" l) Zrl Zr! As.

·-,r.·' r,.,,," 4 I ..::7.1 7 .. ·.1 40 ."c­ <(i~008 .10 "', ~-' 4U 1

I )'f)() I 8U <.l <" 0 .. OOB "j

,"<:;" I 10 .1" .....' ~..,. 4 <:O .. OOH

-: r l:;:" -.t:: I 4 '.',.J J. ~ .•:.•.J 8 <() w ()(lfj I 7() 0,,0:20 <5 .·~U

'--',1::; I •. J .":.,--.' ", tC' <5 J.•.._' I

. ~= -'. " ..'

,...• ;, ..,>.::. I ":"0:,:' '?_:~O -', ._-' 4~_ C' .,.! <: 1 () .. I I I I

r-. ,'r- I'" .' 1.• - II ... I., I •. J .., .. , ., o. I " ! Di-.l ..' , '.

., ,--. . ~." ,···.'··,,..4 ." ;.~; r~' r:'L., /~ ur.j , i F'FI'il F ~"1 ,. II r ;- 1"1

I :.,: !~~: T HOD :[ ,. ) , 1 '. ,.. t (l4 '. , 1 (14 I UFTICEF,;: I \)41 760042 I I I I I • (.I

!ol APPENDIX 2 _ I

I SAMPLE DATA SHEETS I I I I I I I • 760043 I Page OJ _I-- Cyprus Minerals __--=--sa-=---m___=....::. gledata 5heet Despatch No Order No 1 Requested by Date ProjectEL ~7kgWot ~t~. Prospect W\'Wl\~a- llDM"Type Wf\G~ \'1~L,/M I l-INs" -. I

Sample Coordinates, depth or location Interval C. I r:r 2 A A Number 'V ria '" :; V ~Jt <5' 10 130 ~ I <(J.OO 1 1 11 Oml IL.." \.11.111 IJJ.>L /1J.\1.\~ <~ < 5' 7S ~ I <0.008 1 2 lRoooz o.t>,...... ' 3 1lf£h73 rJ..1s ~ n.'.... • <: 5' Ir;" 30

1 13 ~aJ 11 I 53'J.Sf 2-2M (j(DJJlI..JDIr? 65 8s- I <0.008 5~ ~ 1 14 11100 ilL "L,rI. 8.11."- • I ? bO

19 l~qtXJ jq t bE: ".1,\11 • .. /00 <./ LOed: 1 ... ,~ 20 1q CI:J 20 I L1:z.~ 1\1.lLlYI ~ 80 <. I 7)" <0·003 22 ~1 rrdn ,"b3U, '(.SI.... LL 10 95' ,

24 IJrroJ~ ;It/,J.f£ {/I..lln • ' 10 liD -< /

Sample Coordinates, depth or location Interval Number Cu ~ lIN A~ ~\J I 1 Ilqoo1~ I/{£).St. 2e.m CrOv\J,t 10,p 10 30 <../ 1 <0.00£; • <./ 2/ , ]{ot 1(,", • .. 30 <5 4-:: 7

8 --~ I (0 .~t. &'7./ "', I 9 ~, l..l.... I. X (,·7 ""- I 11 12

I 13 " I 15 I 18 17 I 18 10

I 20

21 I '--Ilib t) 22 1..qo/O() I 5' / !)7J C ;1.1 ... .:.S" ' 3 <0.00( I 25 ~ . o·b ... 1.'lotJCr1 (·f/ 'i()v ;> <5"" <> ¢ 2 I

sample Coordinates, depth or location Interval Number ~~o03~ tl.~~ f/o I I 1 '.S.h.15f. 5" .; <

3 1l0lJlf1. I.. 'ILlS ~ n.!' ~J lnJ.tI.~ <~ 3'1S ~s 0.1')

7 nJ1)3~ 1;~13.2~t: <5" /0 '10 < I

10 ll1dD ttl /.\' 1M: 0-<1-..,.

12 1.q D04-~ II'~ 1100£. oJ}", <5"" <5 Go <: I

I 13 1.q (}ow. 1~'/17r;,c /-011\ S- 155 6S- 10 0.010 ,.~ 17 0.010 I 1. 11 lnIl1-5 I,{oe "0111 tI:> 360 385 15 1q 01!U-~ (.("IZ)t <5" I~ 90 < (

I 16 19tXJ 11-1 r·.;' ItJJE I- am 2.0 I'S" 19s s

18 ~quvl!q (0 25" 10';;"

I 21 /.;11.)..J

22 21tlJ<::B ,.//(i)J I.Im 110 15 B:: LfO <0,0<:1. I~O 9~ 0-~B I 23 19t.C'ig If. //!{J f. rltl 10 83 '3~ 2. ~9l1?60 1-/1 (11M 0-7111 10 qo 36 81~ Project £L G.tot Prospect No(Q!t Type 'is,11./ ~ I

Semple Coordinates, depth or location Interval Number rll \\) L'.J A<.> Av 1 1qoo1~ 10", 10 ~30 '\ "J.t-?O 5" 5 /0 <./ l:0.a?(3 5 hrJ.(~

I 8 -r::1M.. f'c,7., !>\. I 9 >;, \....l.,,- I. v.. b'l ""'- I 11 12 I 13 1.

I '5 I 16 17 I 18 LI"'J = 1·5 I. -V I 20 I 21 L., Nr;, /.) 22 '2..CfO/fJ() ,.) /)75"" C • '-'Z .... /1.- 2- 0·3.... s S- 2~ :z. 3.1 10> 3 <0.0« I 25 /.-qptJlfT . O·b ... I 40 "2-

I CYPRUS 760047 Page D -I--CYPrUSMinera/S--_sa_m-Rle data sheet Despatch No Order No I Requested by Date Project ~ 'bi~ ~ \QHH Prospect WArJ~~ tJJ\lZ1R Type ~,,, .. < l~ As ~v 1 I I2q OIl'1 I·S I':>oJ I,~IY\ 100 ZO qCJI/I /8 <0. roE 1, 2 12~OO& I-S n\.~ (- lfl'tl. IC/O (0 65" 32 bLl- I 1t.ro W j-lj.1'/\ IS> 80 s I 4 5 LN~ .\ 6 I I o1~J 7 I, ,J <0.c:08 NO~\ I o~ \. ~ "'" 80 £10 70 35' I 8 " I'~"" 100 30 90 30 1~ uoo;<; I (~o.,J I· ~W\ 60 '10 60 2H <::0.00: 12 ~qoo~' I IJ;~ /.a-.. /60 £fO Cf5" Ig <0·00 B 13 I 21rJIJ<;1 I Zro~ t·! ..... I?O 2..0 100 1/ <0.&1 ~ " I 15 llN(:- 9

IS I I ~q(}'}(,< 1 ' oJ.~ 1,.1 \'0.,. 85' IS' 90 1/ <000}, 17 I1q I\rL~ h o'SoW \.J. '" 100 10 q> :1. <0· cd. 18 " I II'JCI .t A b/ n7r;J ,·W 80 L> 65'" 8

I 25 ,

CYPRUS "'IIIlI I 7 6 0 0 4 8 Page 0 -.-- Cyprus Minerals __--=--sa::..::....::m-=-=-R ledata 5heet Despatch NO Order NO I Requested by Date Type ~ t>ll.. //z,c.Jc.. ;

Sample CoonIlnates, depth or location Interval Num_ 2.

10 10 3 <0· et8 S

(0 30 lro c.f <0. etB

<5 .z <:. o.cx8 3 <0.0(8 1.~%oQ;I. ~Ii. I 11 l; 17<;J ... 60 6 . s­ 20 7

15 J~~ 1.",'/ t7~"J O·S... f) 3 9 j; R.L,L 10 I.f e.o· ClC S l~qon9. «.,~.L I 18 qI:l.S /0«- I IS" I>, :z. /<0- ooB I .. 1~8(fDqol.7'~\'~1f 6-1;' (0 fO 3 <0.003 20 a. foa l;/, .1-s''100~ t1IJ.. rL < 5" t.{o 3 <:().ooB 1.l~ootl.l J.~'/IJ.S"tE <5"" 50

22 ~Q,,"~1. J.) l)n~ D-9", 10 3 <0. cx8 11~11l9l.t lt7r~ 4 <0.a8 I 23 7..-'\ tr71ft ~f/))q~ I 24 j H·'/1M. 0-'11I 20 zs No tf- <::0· CJt {3 10 ~S- Ol~ 25 2~~ 11-{ln::t: IHlrI &0 3 <0. I I CYPRUS '11III :. 760049 Page 0 -If------Cyprus Minerals __----=s=----=a-=-=-m_=__=_ gledata 5heet Despatch No Order No • Requested by Date

Project :0 Prospect \-.)~~<72..~ N~ Type ~ • et. II' .--_.-

Sample Coordinates. depth or location Interval Numbel" Cv ~ 1.-..J As Au 1 Ifl(}~ b I f1\""Y. lllol~ :I.-S :l.'5b~ O-iL.... 2>'" 10 80 3 "0·00 2 l;).qOIO~ "7 ~ • J.sl J.."'XC: 0 ·el'v- 20 3S SO CO·OC 3 "' ;!,~ Illn'l )-'5 3l1bt; 0- L. Wv OS 20 2S 3 <; O.tt B I • • ~80k':>u. J.~ 5" ifS" 60 3 0. 2fSC '~~~i. 6-3 "" I 5 J.ih~ b~u. <"';- S- 20 O·Ole • 1:29olo~ .... 3 6 a1010~ IJ.<; I~~ 0';2. '"" ,,5 10 2-5 3 <; 0. ()CS 7 l.:l~ ~ • 0 'f)"] J..5/4->o€ o-S.... c5 S" 3 <:0. OJ19 c:';;; / • I1YoloS I;;."JLLJ.SE 0-(,10. 2S S'S co·a~ • 9 -;.qo ll>~ 2·.!/u.<;l>E. &S~ c:> <5> 30 r "0· (')() ~ I 10 3.80110 ;H/U.1Sf o·t ... c:> c:s;' 30 I <00(~ 11 'J.~/SPor::. 10 / cO. ec I~qOl/' 0"4-0.- <5"" E e f • 12 13 • 14 15

• 16 • 17 I 1. 19

I 20

21 • 22 I 23 , 2' , I 25 • CYPRUS '11III I ,?cccso Page D -I-Cyprus Minerals __---=-=sa~m~Rledata 5heet Despatch No Order No I Requested by Date

~o

I· :t~\9<;4 ~<;Il'J.<:'~ W•.lJ ... 1 LA_O~ I/O 5" 80 <0.008

8 (\1711\\'.,.(0,_1 ... (Ll(liqh"l~·.1l I 9 .1I,q,SL r~~ Nn•. ~ I...r.:.".. I... ;;.{j I 10 £IS 80 /)8 ~ {. 0

10 Q...'1 \J~,J:~ Ln~ (., J ~s.r ~l I 11 1Q\Qc"7 I_ I MuJ. l.I. n.'""; /30 S- 9> ",0.008 0 '2 Qqtq<;p' 'klh { L L um~wIO~,h 'I3S $.b77..I.2.rZn? rJa ~ >iIJ~ /. L. 70 310 or 0.02. 3.0 @ 2qlq 60 1:'>:.I2Jn~ ~JJ.l.. ~~\M.. a. ds .cJ1:\ I ,. 2~1%1 ~:i,J.(~ t,,...~..;. '~;JJ ({v, ~r-

17 mtz ~l L~t. VILw-... Lf) ~

I '8 2ql~~ 1J>~ v?!.\,( ..e-..., ~\ :J.1',qb,

22 ~qb"",?>1~...'( \>o-J.. v.>o..J ~(L~ Q

CYPRUS

....e

62625

62600 MAGNETICS

0.06 FIre A88.Y <0.01 AAS 0.09 0.05

0.04 :::iE· a.: 0.03 a..· 0.02

WACKER GOLD RESULTS < 0'008ppm 0.01 Au 0.0

5.0

4.0

:::iE· 3.0 a..·• a.. 2.0

1.0 x X X As X x X 0 x /\ Ag A III ~ N ~ g ~ 0 - t A + A A A A AA A A A A A A A A A +

600

500

400 :::iE a..• 300 a..· 200 Cu X 760052 10 Pb + Zn <1> 0 Scm ~ ~ ;1j ~ '" SOIL SAMPLE ~ 0 8 g ~ !!l !!l ~ ~ gj !!l NUMBERS

WACKER SAMPLE NUMBERS _ 283 6 -

---I 88 7517 Wonderer River ------GEOLOGY I I CYPRUS GOLD AUSTRALIA CORPORATION I DRAWN BY: R.P. I 30 I\ 30 I 13b \ SPERO RIVER - E.1. 37/83 ORAFTSIotAN, T.G.D.S. I OA'IE ,April '87 10d 1 1 \ WANDERER NORTH REVISIONS ,April '88 100 55 5 LINE 1 PROFILES FILE No.

200W 100W 00 100E 200E 300E 400E 500E 600E 700E BOOE eOOE 1000E SCALE 1 : 5000 FIG. REPORT 585 ENCLOSURE 2 0.06

0.05-

0.04- • ~ • 0.03- a:a.. 0.02-

0.01- Au 0.0 /\

5.0 -~ -0 4.0

• 3.0 a:~ a: 2.0

1.0 As x 0 I

600

500

400 • ~ j1{ a..· 300 a..· 200 Cu x 100 ~ A~ \ Pb + \~ -<'1 L - 5cm ~ ~ Zn 0 -"'- 0 00 ...... , C'I .... 0 C CO .., '" ~ ~ SOIL SAMPLE ~ ~ ~ ~ ~ ~ § III ~ a § a :3 g 880I 8 ~ ~ I ~ i~ ~ ~ iii~ ~ ~ ~ ~ ~ ~ NUMBERS I I I I I I C'I re N re re re &l re re re 88 -2 8 3'6; - 7518 Wanderer River CYPRUS GOLD AUSTRALIA CORPORATION GEOLOGY DRAWN BY: R.P.

SPERO RIVER - E.1. 37/83 IlRAFTSt.tAN' T.G.D.S. 10d DATE . April '87 WANDERER NORTH REVISIONS ,April '88 LINE 1.5 PROFILES RLE No.

L .;2:o~OW:.._.;1~OO~W~_...?lop~__~10~0~E~-~20~0~E__3:0~0E;"_~40:u,~,0E;"_";5~00E:. .cSC~A~LE;":'1~:5~O~OO~~,,=:,J=:2'iii ' T FIG. REPORT 585 ENCLOSURE 3 Au RESULTS <0.008 Au

~. 3. a... \ a.. 2.0 I \ I \ /\ I \ 1.0 \ /\I As x / 'X .L ..... '" ,A, ~ ~ Ag A 0 VI~At ~AAAAAAAAA

600 t /I /I 500 II II II 400 I I ~ I I 300 I\ a.: I a.: I 200 I I Cu x 760054 100 Pb + Zn 0 "'- ~ ~ II II 5cm ..., ..., 01 ~ ~ gj ... ~ 01 IO ...... ~ 0 ... :g IO .... IO l'l OJ ~ .. 5 ..0 0 0 0 0 SOIL SAMPLE ~ ....., ..., ~ ..., ..., ....., ~ 1'i 1'i 1'i I'l"' 1'i'" 1'i 1'i 1'i 1'i 1'i g Ii! ~ f;: f;: f;: '" f;: '"f;: f;: f;: f;: f;: f;: f;: f;: f;: '" f;: f;: '"~ '" '" ~ ~ '" '" '" '" ~ c:: c:: c:: ~ ~ c:: c:: ~ ~ c:: ~ ~ c:: ~ c:: c:: c:: ~ c:: c:: ~ c:: NUMBERS

88 -2836 \ >"1,t:;'<0 \)' '}

CYPRUS GOLD AUSTRALIA. CORPORATION Wanderer River GEOLOGY I DRAWN BY: R.P. II SPERO RIVER - E. 1. 37/83 10d 30 13bl 30 DRAfTSMAN' T.G.D.S. II DATE : April '87 II II WANDERER NORTH RE\nSlONS : April '88 100 II 5 II LINE 2 PROFILES FILE No.

200W 100W 00 100E 200E 300E 400E 500E 600E 700E 800E eOOE 1000E 1100E SCALE 1 : 5000 '" ,j 'r 'f FIG. REPORT 585 ENCLOSURE 4 I ~T 0.0'

0.05 :il OJ d 0.04 ~· a..· 0.03 a.. 0.02 Au results <()·OO8 0.01 Au 0.0 \

lXl ,... CD co co OJ ~ 5.0 l ' ....

4.0

~· 3.0 V a.. a..· 2.0

1.0 As x Ag to 0 I I

600

500

400 ~· a.. 300 a.. 200 Cu x 100 Pb + 16005:> ~~jo~J\~ Zn 0 0 :;; I 0 OJ ~ .... lXl (l) Scm ill ill ~ (l) '" 0 :3 ~ 0 8 o 0 0 I- l;; ~ 0 ~ 0 '" ~ !:l '" e :: SOIL SAMPLE 0 0 ~ ~ ~ :5 8 ~ 0 8 0 0 o 0 0 ~ 0 0 -I (l) ~ ~ (l) (l) g ~ ~ (l) ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ gj ~ ~ OJ III Ii OJ OJ OJ OJ OJ OJ OJ NUMBERS .... 88 ....r.:;:..,o 2 8. 36 I .1;::; - CYPRUS GOLD AUSTRALIA CORPORAT10N Wanderer River GEOLOGY DRAWN BY: R.P. SPERO RIVER - - - E.L. 37/83 DRAfTSMAN' T.G.D.S. 10d DAlE I April '87 WANDERER NORTH REVISIONS ,April 'ss 100 5 r (5 (5 LINE 2.5 PROFILES RLE No.

, 2 200W 100W 0,0 100E 200E 300E 400E 500E SCALE 1 , 5000 FIG. , REPORT 385 ENCLOSURE 5 20

10

~ 0 3555 Hz

-10

-20

20

10 MAX - MIN

~ 0 888 Hz Tx~ Rx = 100m

-10 IN PHASE G EJ

-20 OUT OF PHASE *---><

20

10

~ 0 222 Hz

-10

-20

20

10 x..", ')<. ~ 0 3555 Hz -222 Hz

-10

-20

62725

62700

62675 f0- e 6265

62625

62600 MAGNETICS

0.06

0.05

0.04 :E· a.· 0.03 a.· 0.02

0.01 Au 0.0 \. J .l

5.0

4.0

:E· 3.0 a.· a. 2.0

1.0 As x Ag A 0

600

500

400 :E· a.· 300 a.· 200 760056 Cu x 100 Pb + 5cm Zn 0 I· 0 SOIL SAMPLE NUMBERS 88-2836 ,... r, '" 1 ~ .,1 •. ;:~ GEOLOGY CYPRUS GOLD AUSTRALIA CORPORATION Wanderer RIver II DRA\\l-I BY: R.P. II SPERO RIVER - E.1. 37/83 II DRAF1SMAN. T.G.D.S. II 30 DATE • April '87 II 10d WANDERER NORTH REVISIONS ,April '88 100 3b./t'1 II II LINE 3 PROFILES RLE No.

200W 100W 00 100E 200E 300E 400E 500E 600E 700E BOOE 900E 1000E 1100E SCALE 1 : 5000 " I METRES'1' FIG. REPORT 585 ENCLOSURE 6 N W r.""",t ('"...... "t.... /1lt'1 .. .-I n""ftl"... r...... t .... Ph"...... '''n"" ~~A':tr,:;,'