Locally, EL1235 is centered about 55km north of the world class Porgera mine (32Moz Au) owned by Barrick Gold, 77km north of Mt Kare deposit (1.8mil/oz Au) advanced stage deposit, 100km east of Frieda River (18.2Moz Au & 11.6Mt Cu) deposit under feasibility Study by Xstrata Plc. It is also evidence at the Awari and the Yokopas properties sharing the boundaries to the east and the west where colluvial and alluvial gold are extracted respectively.

Mineralisation at Malaumanda also appears to be concentrated along the North-NorthEast transfer structures, one of these structures is believed to be the strike extension of the transfer localizing Porgera mine & Mt Kare deposits with high potential for epithermal (gold) deposit

Locally Mineralized Area
The potential of EL1235 is also indicated by widespread mineralization that occurs within the project where alluvial gold is panned in most of the creeks and colluvial gold is extracted at the main Milikap prospect within EL1235.

INVESTOR CONFIDENCE IN THE COUNTRY
(i). Most of the major international Mining companies already have investments worth multi millions/billions dollar in the industry. They are; Lihir Ltd/NewNewcrest Mining, Barrick Gold, Harmony Gold, Xstrata Plc, Newmont Mining, Marengo Mining, etc... And BHP Billiton & Rio Tinto just returned with a new comer Vale.

(ii). Apart from the mining industry, Exxon Mobil and others are investing a US$15 billion single LNG project in the country . And InterOil lead of Canada is also setting the the 2nd LNG project valued at US$5 billions dollars on a single massive oil discovery. Royal Dutch Shell just returned after 6 years.

Now the world is talking about PNG, a island of gold flooting on the sea of oil!

(i). Farm-out 80% interest to a potential JV partner and we will retain only 20% interest.