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Featherbed Project

The Featherbed tenements contain extensive granitoids of the O’Briens Creek Supersuite and Ootann Supersuite and are prospective for a variety of commodities including tin, tungsten, molybdenum, copper, lead, gold and silver. These tenements cover part of the Herberton-Mt Garnet tinfield which was one of the major tin mining areas in Australia, having produced more than 150,000 tonnes of cassiterite concentrate. Most of the known occurrences and historical mines have had little or no exploration drilling, and there is also potential to locate unexposed granite plutons which may be mineralized around their upper margins.

Exploration Plan

The Featherbed Project encompasses a rich mineralisation zone to the southern edge of the tenement. Previous explorers suggest Antimony Reward to contain a significant deposit of Antimony with the potential for Copper and Zinc mineralisation.

This region is primarily acid volcanics that have been intruded by granitoids of the Ootan Supersuite with the highest mineralisation located along the contact zone with the intrusives. The most southern boundary includes sections of the basal units of the Featherbed Complex, which may be equivalent to the host rocks of the Orient Camp mining district and therefore prospective for volcanogenic base metals.

Strategy

A detailed aeromagnetic survey will be undertaken across the region in late 2007, and a grided geochemical survey will begin around the known deposit at Antimony Reward. In addition, earlier mapping around the Antimony Reward prospect identified a base-metal gossan which was interpreted as a possible exhalative unit along the base of the Featherbed volcanic complex. This horizon is equivalent to the unit that hosts the Orient Camp base-metals district further to the east.