2005 Annual Report - Millennium Minerals Limited

EXPLORATION
RESOURCE DEVELOPMENT
REVIEW OF OPERATIONS
Resource definition drilling and resource modelling was again the focus for the Nullagine Project during 2005. In addition
to ongoing work to extend and infill the large resource at Golden Eagle, this year also saw the first major campaigns to
prove-up resources at All Nations, Barton, Golden Gate, Little Wonder and Shearers (Figure 1).
Figure 1: Outline of the Nullagine Project area showing the location of the main resources
In total, almost 40,000 metres were drilled across the project, and the scope and results of the various drilling campaigns
are summarised in Table 1.
Table 1: Scope and summary of results of resource definition drilling
Deposit
Reverse Circulation
No. Holes Metres
Diamond Core
No. Holes Metres
Results: Holes with Intercepts
>10 gmm* >30 gmm*
Golden Eagle 92 11,091 31 3,213.97 42% 14%
Barton 31 3,526 1 86.80 55% 26%
Golden Gate 139 9,488 68% 40%
All Nations 74 4,816 1 74.80 49% 18%
Shearers 79 2,844 43% 8%
Little Wonder 76 4,486 17% 1%
Total 491 36,251 33 3,375.57
* Note: gmm is an abbreviation for gram-metres, which is the product of the intercept grade, in g/t Au, and the width of the intercept (e.g. 30 gmm is
equivalent to 10 metres grading 3 g/t Au, or 5 metres grading 6 g/t Au). A 1 g/t Au lower cut-off grade is used to calculate intercept grade.
WW ee dd g e tt a i l E x p l o rr a t i o n N L
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