Mild anomalies peak at up to 7 gold counts. Values in the Santa Helena - Alamo corridor are typically 1 - 12, peaking at 30 counts, and at Cabaçal 1 - 14 gold counts. Also of interest are that offset and more focussed discrete gold and base metal anomalies are present in drainage passing over the footwall and hangingwall stratigraphy.

Strong copper-in-stream responses extend into the metabasaltic footwall succession, including peak values of 41 - 63ppm Cu. These are spatially located over or down-stream from felsic volcanic units mapped with 400 - 600m strike extents, within the metabasaltic pile. Some of these felsic volcanic centres are also gold-anomalous (7 - 12 counts), and locally zinc anomalous (up to 70ppm Zn).

Gold counts in drainage catchments in the hangingwall peak at 10 - 17 counts at a number of discrete sites, whereas satellite copper peaks are in the order of 34 - 49ppm Cu in the hangingwall. The appearance of the exhalative unit aligned with a transition from mafic to felsic volcanism is a characteristic signature of various VMS camps, where sulphide mounds can develop during a break in volcanism. In some camps, such as Flin Flon, Canada, deposits can also be developed within the predominantly mafic pile, close to more restricted felsic volcanic centres.

In addition to the encouraging geochemical signature aligning with prospective stratigraphy, there are a large number of geophysical anomalies defined through BPM's INPUT aerial magnetic-electromagnetic survey. The Jauru Belt contains over 30 anomalies. The digital aerial data has been unfortunately lost, although the spatial position of the anomalies is known from maps.

Modern geophysical methods have the ability to penetrate yet further than the 1980's technology, which is considered to provide a good screening for shallower level more conductive positions. INPUT anomalies are developed in the footwall, exhalite, and hangingwall positions. BP Minerals undertook a limited amount of reconnaissance drilling, and the Company will continue to engage with the ANM and its network of past professions to assess whether further data exists.

It is clear though that the greenstone belt is under-explored when compared to similar belts in advanced jurisdictions, where hundreds of holes have been drilled in exploration programs sustained over decades. The licences are currently in application. Having better identified areas of priority interest, the Company will gradually commence a landholder mapping and engagement program, so environmental licences for exploration can be expediently put into place once the licences are approved for exploration in the future.

The Company's objective will be to establish an operational base over the Cabaçal Belt, and progressively expand to district scale exploration and discovery programs in the years ahead.