Wilcherry Project

LML has exclusive rights to all minerals

The Wilcherry Project is along strike from the Weednanna gold-magnetite and Menninnie Dam zinc-lead-silver deposits to the northwest. These tenements straddle the boundary between the Cleve and Coolanie subdomains and are within the Central Gawler Gold Province. Therefore there is considerable potential for major gold and/or base metal mineralisation maybe with associated hydrothermal iron oxide and/or sericite alteration.

No specific uranium anomalies have been identified in the immediate area of these tenements but the margins of Lake Gilles are prospective for sediment hosted or palaeochannel uranium mineralisation.

In addition to Menninnie Dam and Weednanna, previous exploration identified several gold and base metal occurrences in or immediately adjacent to LML’s tenements including:

Ø Lake Gilles South: jaspilitic and carbonate-rich rock chip samples range up to 50ppm U, 0.29% Pb, 0.27% Zn and 0.2% Bi, and trace galena was recorded in “quartz-veined hydrothermal shear zones;

Ø Jungle Dam: A 2.8ppb deep leach Au anomaly, just south of EL 3690, where aircore drilling intersected gossanous iron formations and anomalous Pb, Zn, Cu and Mn at an EM anomaly. A 208m deep diamond drillhole intersected two zones of anomalous Zn in chloritized gneiss and graphitic schist beneath 60m of partially silcreted and ferricreted cover rocks, one zone of 12.9 m at 0.7% Zn being open below EOH.

Detailed calcrete sampling by LML has identified significant calcrete gold anomalies up to 181ppb Au in the Jungle Dam target area.

The calcrete gold anomalism occurs in a 3.5km long area of relatively low-magnetic response between two strong aeromagnetic anomalies. It is immediately along strike from the Telephone Dam prospect and is a high priority Menninnie Dam zinc-lead-silver and Weednanna-style gold target.

The tenements also have sediment-hosted uranium potential particularly associated with palaeochannels draining into Lake Gilles.