Projects - Simuku - Technical Reports and Exploration History

Independent NI43-101 Report
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April 2006

Technical Report on the Simuku Property, Papua New Guinea
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October 2002

Expanded Technical Report on the Simuku Property, Papua New Guinea
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February 2006

Exploration History

Simuku Project
Period
Company
Activities
1965
CRA

Discovery of Simuku system; Drilled Rapilli Prospect (3 x drillholes totalling 916m)

Early 1970’s
BHP

Drilled Rapilli Prospect (4 x drillholes totalling 607m) - 83SM-1 to 83SM-4; Regional Stream sampling

1979
Nord Resources
Regional compilation of data
1981-1986
Esso (PNG)

Drilled Simuku prospect (4 x drillholes totalling 625m); Chalcocite enrichment recognised; Mapping and sampling

1987-1991

City Resources

Explored Talelumas Prospect for gold with soil sampling and mapping
1993
Macmin NL
Acquired Simuku tenement
1994-1995

Placer JV with Macmin/NGG

Geophysics, bulldozer trenching and ridge/spur soils at Simuku Prospect; Placer withdrew despite recommending further work.

1996-97
NGG
3200m of bulldozer trenching; Drilled Simuku prospect (8 x drillholes totalling 857m) - SMH-5 to SMH-12
1999
Cyprus Amax JV with NGG

Regional assessment, mapping, geochemical sampling; Withdrew after merger with Phelps Dodge

2002-2004

NGG

Petrography by Terry Leach; Auger soil sampling; Bulldozer trenches (2 x totalling 3246m) to test copper soil anomalies.  844 trench samples and 55 grab samples taken.

2005
NGG

20km bulldozer trenching including 12km of new trenching which located the Horseshoe high grade molybdenum zone

2006
NGG
Drilled Horseshoe (2 x drillholes totalling 170.9m) confirming the presence of high grade Mo mineralisation
2008
Coppermoly Ltd
Drilled fifteen diamond holes for 4194 metres; Secondary copper enrichment near surface; 0.7 to 1% Copper Inferred Resource of 200Mt at 0.47% Copper Equivalent.
 
Project
Simuku Project Mt. Nakru Project - Papua New Guinea Simuku Simuku Simuku Simuku Nakru