Allemata Property

The Allemata property was once known as the Milne Bay Goldfield. From 1899 to 1926, the Goldfield produced 14,320 ounces of gold, mainly from alluvial deposits. In 1931, mining commenced with high-grade hard rock mining. Platinum was discovered and mined from 1933 to 1941, producing a total of 6 kilograms of platinum. 1,000 ounces of gold was produced in 1938 and 1939 from the Louise/ Ulo Ulo, Jumbo/Juno and Rough Ridge Mines. This property has not been mined since World War II.

A drilling and trenching program was completed at Allemata in 2009.

The Allemata property is easily accessible by a 20 kilometre all weather road from the port of Alotau and Gurney International Airport. Logging roads provide access throughout the property. Management believes that this project could be developed relatively easily.

Drilling and geochemistry on the Allemata property identified two gold zones on which the company is focusing exploration. Other geochemically anomalous zones remain to be explored.
Ulo Ulo Prospect hosts vein style gold mineralization in a 400m by 400m area. Much of the gold is in relatively narrow gold zones or wide, lower grade zones. The company believes the Ulo Ulo target may be a high-grade vein system similar to NGG’s Imwauna Property on Normanby Island.
Haluba Prospect hosts disseminated and stockwork gold mineralization greater than 0.5g/t over a 400 meter by 300 meter area. This deposit is believed to be similar to Kavola East deposit at Mt Penck, and based on drill hole results to date averages 3 to 4g/t gold.

In total, (including historic holes), 17 holes for 1120m have been drilled and more than 2 kilometres of trenching completed. Drill results included 1.0m at 17.65g/t gold; 1.55m at 5.87g/t gold; 7.1m at 3.44g/t gold and 20m at 2.2g/t gold.

Readers are advised to refer to the Press Release and Technical Report Sections of this web-site for complete information including detailed drill and trench results.

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