PROJECTS

PORTERS MOUNT GOLD-COPPER PROJECT

EL 6591 FORBES NSW

Licence Granted: 29th June 2006

Location: 40 kilometres southwest of Forbes
Area: 63 square kilometres (23 units)
Target: Intrusion and breccia related gold-copper-molybdenum porphyry system.
Commodities Sought: Gold, copper, silver, molybdenum

Exploration Philosophy:
Capital is searching for conceptual gold-copper and copper-molybdenum ore shells at depth within a geochemically fractionated and zoned porphyry-related hydrothermal system. The occurrence is in close proximity to the world-class Cowal gold deposit, near West Wyalong and has features in common with the Kidston and Mt Leyshon deposits of North Qld.

Project Status - July 2007:
Historical data has been reviewed and drill targets have been identified.

Achievements to Date:
Drill targets identified from review of extensive historical exploration database. Achievements will depend on the results of deep diamond drilling, which is scheduled for the 2007/2008 summer field session.

Objectives of Programme:
Capital is aiming to drill an ore grade intercept within the system to form the basis for systematic resource outline drilling.