PT GMT Indonesia <strong>Mewet</strong> <strong>Vein</strong> : <strong>Jelai</strong> <strong>Gold</strong> <strong>Project</strong> Metallurgical testwork 3 months $ 100,000.00 Geotechnical studies 3 months $ 150,000.00 Environmental studies 9 months $ 150,000.00 Resource estimation 3 months $ 100,000.00 Scoping Study 3 months $ 500,000.00 Logistical Support <strong>and</strong> Administration 12 months $ 750,000.00 Tenement management $ 50,000.00 Total $ 3,445,000.00 Table 9. Work programme <strong>and</strong> budget required to advance <strong>the</strong> project Additional control on future drilling, surveying <strong>of</strong> collar locations <strong>and</strong> completing down hole surveys will assist in increasing <strong>the</strong> confidence levels <strong>of</strong> <strong>the</strong> geological model but additional drilling will be required down dip <strong>and</strong> between sections that currently remain at 50 metre centres to close to at least 25 metre pierce-points. At this stage, a re-evalaution <strong>of</strong> <strong>the</strong> drilling data <strong>and</strong> modelling is recommended to be completed. 0065 JCM/GEO/2009.04 Page 40
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