• Gold-copper porphyry target in the 4 km long Urua-Omu copper zone.
• Urua is unique in being located in the eroded vent of a Pliocene (5 to 2.6 million year) volcano. Urua geology consists of thick charcoal-bearing eruptive volcanic (diatreme) deposits draped over the top of at least two (drill intersected) monzonite intrusive stocks.
• Work in 2008-2010 located gossanous float and outcrop is associated with iron-stained and quartz veined volcanic breccias. Gossanous float has assayed up to 37 g/t Au.
• Two drill holes completed during 2012 intersected long intervals of low grade copper in the diatreme rock (70 m @ 0.1 % Cu) and narrow (up to 6.65 m) high-grade Au and Cu intersections in the monzonite stocks.
• Work during 2008-2010 has shown that the vent area/mineralised zone is coincident with Au-Cu-Pd soil anomaly, airborne magnetic (analytic signal) and thorium anomalies and a strong 3D-IP chargeability anomaly measuring 400 m x 400 m and extending to the depth of data reliability (400 m).
• Urua requires deep drilling below the present depth of investigation (300 m).

Technical Update