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Geology and mineralisation of the Mewet Vein, Jelai Gold Project ...

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PT GMT Indonesia<br />

<strong>Mewet</strong> <strong>Vein</strong> : <strong>Jelai</strong> <strong>Gold</strong> <strong>Project</strong><br />

2.2<br />

Scope <strong>and</strong> Conduct<br />

The purpose <strong>of</strong> this report is to review <strong>the</strong> geology <strong>and</strong> existing data from exploration <strong>of</strong> <strong>the</strong><br />

<strong>Jelai</strong> <strong>Gold</strong> <strong>Project</strong>, specifically <strong>the</strong> <strong>Mewet</strong> <strong>Vein</strong> area <strong>and</strong> to analyse <strong>the</strong> controls on<br />

<strong>mineralisation</strong> contained within a segment <strong>of</strong> <strong>the</strong> vein where sufficient data exists to allow a<br />

detailed study. In <strong>the</strong> discussion <strong>of</strong> <strong>the</strong> geology, areas <strong>and</strong> prospects adjacent to <strong>the</strong> <strong>Mewet</strong><br />

<strong>Vein</strong> are included but this may not specifically impact on <strong>the</strong> geology <strong>of</strong> <strong>the</strong> <strong>Mewet</strong> <strong>Vein</strong>.<br />

Mr. Brett D. Gunter (B.App.Sc (<strong>Geology</strong>), mAusIMM), Principal Consultant, PT GMT Indonesia<br />

prepared this technical report.<br />

JCM/KGC has accepted that <strong>the</strong> qualifications, expertise, experience, competence <strong>and</strong><br />

pr<strong>of</strong>essional reputation <strong>of</strong> GMT <strong>and</strong> Mr. Gunter are appropriate <strong>and</strong> relevant for <strong>the</strong> preparation<br />

<strong>of</strong> this Report. JCM/KGC has also accepted that <strong>the</strong> author who has signed this report is a<br />

member <strong>of</strong> a pr<strong>of</strong>essional body that is appropriate <strong>and</strong> relevant for <strong>the</strong> preparation <strong>of</strong> this report.<br />

2.3<br />

Data Sources <strong>and</strong> Author Visits<br />

The author <strong>of</strong> this report previously worked with Indochina <strong>Gold</strong>fields Limited (Indochina, now<br />

Ivanhoe Mines Ltd, Ivanhoe) under <strong>the</strong> banner <strong>of</strong> PT Borneo Exploration <strong>and</strong> Mining, which held<br />

a 6 th Generation Contract <strong>of</strong> Work (CoW) over <strong>the</strong> project between 1995 <strong>and</strong> 2001. The author<br />

visited <strong>the</strong> prospect on numerous occasions during <strong>the</strong> period 1996 until late 2000. Indochina<br />

<strong>Gold</strong>fields had, during that time, an extremely active regional exploration programme being<br />

conducted over <strong>the</strong> CoW area. Part <strong>of</strong> <strong>the</strong>se works were conducted over <strong>the</strong> general <strong>Mewet</strong><br />

area, <strong>the</strong> subject <strong>of</strong> this report, <strong>and</strong> included mapping, geochemical sampling (soil, rock <strong>and</strong><br />

stream sediments), trenching <strong>and</strong> drilling. The data on <strong>the</strong> project collected by Indochina is<br />

intact <strong>and</strong> extensive, as discussed later in this report.<br />

A number <strong>of</strong> subsequent site visits have been made to <strong>the</strong> property by <strong>the</strong> author since <strong>the</strong><br />

recommencement <strong>of</strong> activities by JCM <strong>and</strong> GMT personnel remain active at <strong>the</strong> project in a<br />

technical role assisting JCM with <strong>the</strong> ongoing exploration <strong>and</strong> drilling works. The most recent<br />

visit to <strong>the</strong> property was in August 2008.<br />

The data in this report is derived from previous exploration results by Ivanhoe Mines Ltd<br />

(acquired by JCM from <strong>the</strong> originator) <strong>and</strong> data derived from <strong>the</strong> current exploration.<br />

2.4<br />

Units <strong>and</strong> Currency<br />

All units <strong>of</strong> measurement used in this report are metric unless o<strong>the</strong>rwise stated. Currency is<br />

expressed in United States dollars unless stated o<strong>the</strong>rwise.<br />

2.5 Disclaimer<br />

The Report is based on information known to <strong>the</strong> author as <strong>of</strong> <strong>the</strong> 13 th April 2009. The author<br />

has had a number <strong>of</strong> site discussions with JCM regarding <strong>the</strong> ongoing exploration <strong>of</strong> <strong>the</strong><br />

property <strong>and</strong>, due to an intimate knowledge <strong>of</strong> <strong>the</strong> area, <strong>the</strong> author is confident that <strong>the</strong> material<br />

items that may affect <strong>the</strong> compilation <strong>of</strong> this report <strong>and</strong> <strong>the</strong> results reported <strong>the</strong>rein have been<br />

sufficiently assessed during <strong>the</strong>se discussions <strong>and</strong> visits.<br />

This report includes technical information, which requires subsequent calculations to derive subtotals,<br />

totals <strong>and</strong> weighted averages. Such calculations inherently involve a degree <strong>of</strong> rounding<br />

<strong>and</strong> consequently introduce a margin <strong>of</strong> error. Where <strong>the</strong>se occur, <strong>the</strong> author does not consider<br />

<strong>the</strong>m material.<br />

0065 JCM/GEO/2009.04 Page 9

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