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Following a detailed review of previous exploration data, the Company believes that external to the Tampakan deposit, the Tampakan FTAA is significantly under-explored and has outstanding potential for the discovery of copper-gold mineralisation, including direct Tampakan analogues. There is also scope for the discovery of discrete vein and stockwork precious metal (gold-silver) mineralisation as evidenced by the existence of gold mineralised epithermal veins that have been identified to the immediate north of the main deposit. These prospects include: Mineralisation and alteration in stream outcrops. Anomalous Cu-Au-As-Mo-Pb in stream sediment samples. Instersection NNE and WNW faults with circular features. Located approximately 1.1km NNE of the northernmost drilling traverse on the Tampakan deposit, exploration drilling at this prospect by the previous owner intersected 157.65m at 0.52g/t Au and 0.41% Cu from 92.25m, including 76.2m at 0.69g/t Au and 0.75% Cu from 162.9m in drillhole TMPD57. Further exploration activity by Indophil in 2003 including geological mapping, rock chip sampling, infill soil sampling and 9 line km of 80m dipole-dipole induced polarization (IP) surveys helped to refine geological interpretation and follow-up drilling targets. At this prospect located 4 km southeast of the Tampakan deposit, outcrops of silica-clay alteration containing visible bornite (copper mineralisation) have been observed in stream outcrops. Previous exploration defined an extensive IP geophysical anomaly that has been tested by a single drillhole (TMDP93) which intersected 380m of silica and silica-clay alteration. This alteration is similar in style to the alteration that is spatially associated with the Tampakan deposit. This hole intersected anomalous copper (0.1-0.2%Cu) between 193 and 355m, reflecting encouraging potential for this prospect area.
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