MILLROSE

The Millrose project lies approximately 75km northeast of Wiluna and extends over approximately 20 kilometres of the Eastern Goldfields Granite Greenstone Terrane of the Yilgarn Craton of Western Australia. The licence covers 62 square kilometers of ground.

Located north of the Bronzewing Gold mine which has produced 3,000,000 oz since 1991, and along strike from the Millrose gold deposit of 251,000 oz. The tenements also lie in the vicinity of other large gold producers such as Wiluna and Jundee gold mines.

Adjacent ground held by Goldstar Resources & BHP Billiton in a nickel-gold joint venture, with BHP earning 70% with $2.25 million expenditure.

Open File research has revealed that the ground is prospective for nickel and gold, having returned past anomalous results.

Millrose is situated on the northeastern edge of the Yilgarn Block. The Basement rocks are Archaean greenstones or Lower Proterozoic rocks of the Nabberu Basin.

A recent airborne geophysical survey has been undertaken over the licences. A review of the data is underway with a view to developing an exploration program which will target the regional structural features and the granite/greenstone contacts underlying significant recent cover.