At the Eva uranium-gold property a total of 50 vertical and inclined holes were completed
that included 40 percussion holes for a total of 2,388m and 10 core holes for 466m. A total
of 1,566 percussion and drill core samples, including duplicates, standards and blanks
samples, have been submitted to Australian Laboratory Services for uranium and gold assay
for which results have been received for 694 samples or 21 drill holes. Significant widths
and grades of uranium and gold mineralisation have been intersected to date including:
EV001 5m @ 0.15% U3O8, 1.67 g/t Au from surface
7m @ 1.25% U3O8, 4.79 g/t Au from 8m
EV002 7m @ 0.79% U3O8, 5.69 g/t Au from 3m
7.5m @ 0.59% U3O8, 6.18 g/t Au from 11.5m (historic mine void 10-11.5m)
EV004 23m @ 0.19% U3O8, 0.33 g/t Au from 9m
EV009 11m@ 0.30% U3O8, 4.28 g/t Au from 37m including
5m @ 0.37% U3O8, 6.59 g/t Au from 37m
EV021 22m @ 0.20% U3O8, 3.31 g/t Au from 3m including
2m @ 0.43% U3O8, 15.5 g/t Au from 12m
EV023 20m @ 0.416% U3O8, 5.07 g/t Au from 9m including
4m@ 1.26% U3O8, 18.32 g/t Au from 27m
EV024 27m @ 0.77% U3O8, 5.10 g/t Au from 4m including
4m @ 1.18% U3O8, 4.26 g/t Au from 8m and
4m @ 2.24% U3O8, 17.72 g/t Au from 20m
EV013 2m @ 0.02% U3O8, 6.17 g/t Au from 55m
Results are reported for Intercepts calculated >0.05% U3O8 and may include up to 2m below cut off grade,
other than EV013 where the intercept was calculated > 0.5 g/t Au
Based on the geological mapping and drilling to date the geology comprises a sequence of andesitic and
dacitic volcanic rocks that has been intruded by granite and microgranite (Figure 1). These rocks are
separated and cut by steep to moderately SE dipping shears.
Mineralisation intersected to date occurs over a strike length of 100m and down dip for up to 100m, at
vertical depths of between 0 and 65m below surface (Figure 1 & 2). Significant intersections from results
received to date are tabulated below (Tables 1 &2).
High grade uranium/gold mineralisation is related to steeply dipping shear structures trending ENE in the
vicinity of the old Eva workings, hosted by altered microgranite with occasional narrow smoky quartz veins
that also occupy the shear structures. Mineralisation is dominated by yellow and green secondary oxide
uranium minerals and although primary uraninite has been tentatively identified in places the extent of its
development is unclear at present.
Secondary oxide uranium mineralisation, with low to moderate gold grades, extends down dip to the SSE
within the andesite, preferentially within zones of shearing.
The significance of the high grade gold result with low uranium from EV013 (2m @ 6.17 g/t Au, 0.02% U3O8)
is uncertain at present.
Assessment of the results and further geological interpretation will be completed following receipt of the
results from the second half of the drilling campaign. A resource estimate is anticipated in the New Year.
In commenting on the first batch of assay results, NuPower Executive Chairman, Mr. Mick Muir said the
resultsconfirmed the company soptimistic outlook for the Evamining lease and theWestmoreland region.
We look forward to the second batch of assay resultsthat we will release to the market as soon as we
receive them. These initial results provide strong confidence for NuPower to continue its exploration efforts
regionally he added.
Mr. Muir congratulated the geological and logistical staff who carried out
the successful program in this remote and difficult location.
A representative of the local traditional owners, Mr. Alec Doomadgee when advised of these initial assay
resultssaid we are very pleased with the activitiesof NuPower over the last several months and
congratulate them on these successful results. We look forward to continuing to work with them in the
future on thisexciting project .
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