Gold and Copper Exploration Project Available for Joint Venture

Malaumanda

Mine Details

Commodity: Gold
Location:
Terms: Joint Venture
Price: Contact Vendor

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Malaumanda gold and gold/copper project with Exploration Licence (EL) #: 1235 has 225km2 area size is located on the northern flanks of the Central New Guinea Orogenic Belt that has proven to host some of the world class gold and gold/copper mines and deposits. It is within this structural corridor that hosts some of the massive deposits such as Grasberg (180Moz Au & 70Mt Cu) of West Papua on the Indonesian side of the border sharing with Papua New Guinea (PNG). Wafi-Golpu (19.3Moz Au & 9Mt Cu) deposit, Ok Tedi mine (15.5Moz Au & 8Mt Cu), Lihir mine (44Moz Au), Hidden Valley (5.4Moz Au), Panguna mine, Yanderra deposit, Ramu Nickel, etc...all in Papua New Guinea.

Malaumanda is within the portion of the island of New Guinea. Geologically, it forms the continuation of the Southwest Pacific ''Rim of Fire'' from Papua New Guinea through to the Philippines. This belt has been susbjected to repeated cycles of volcanic and sedimentary activity and associated mineralisation for millions of years through to the present. Mineral deposits of various ages have been progressively uplifted and exposed by erosion along the length of the Rim of fire. The Southwest Pacific belt includes the above deposits and Tampakarn porphyry (gold-copper) deposit in the Philippines.


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


Drill Results with High Grade Gold
Find below are selected drill results from the 3 main prospects:

(i). DDH MK4 Intercept 2m at 19.7g/t Au and 14m @ 4.29g/t Au

(ii). DDH MK5 Intercept 14m at 3.66g/t Au and 1% Cu from 32.1m
Including 4m at 11.3g/t Au

(iii). DDH MK6 Intercept 20.8m at 5.68g/t Au from 34.91m
Including 2.15m at 51g/t Au from 34.91m (visible gold reported in core)
and 3m at 10.98g/t Au from 42.2m

(iv). CMK03-01 Intercept 12m at 5.8g/t Au from dept of 25.3m
Included 3.06m at 21.62g/t Au from 34.2m

(v). DDH CLT04-1 Intercept 10m at 4.479g/t Au from 113.m to 123m dept
Intersected the mineralized zone from 100.4 to 126.8m
Has High Potential for world-class deposit.

We are yet to follow up a boulder float assay returned 500g/t gold, located 5km southwest of Milikap prospect down from Mt Pokolu.

Milikap prospect is only at the foot of Mt Pokolu, where a historic diamond drill hole returned ''20.8m @ 5.68g/t Au and 3.m @ 10.98g/t Au'' and others.

Malaumanda has the potential to host another world-class gold and gold-copper deposit/mineralisation. However, only junior exploration firms lacked enough finance to properly discover such potential on the property since its discovery.


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.