Queensland Minerals

A Summary of Major Mineral Resources, Mines and Projects, 2nd Edition

ALICE RIVER GOLD PROSPECT

495977

290 KM WEST OF COOKTOWN, 355KM NW OF CAIRNS.

Date Recorded:

Descriptive Location:

Grid Reference:

Latitude -15.4500 Longitude 142.5500

MINERAL OCCURRENCE, ACTIVE PROSPECT

AMG Zone 54 666301 mE 8291296 mN

1:100 000 sheet Number and Name: 7467 CROSBIE CREEK

2/April/2004

Other Names for Deposit / Mine

Alice Queen Gold Mine

Alice River Goldfield

Commodities

Size

Size Definition

GOLD

SMALL

0.5 - 5 tonnes AU

Production Details

2,420

Period: 1903 1909

to

tonnes ore

GOLD

BULLION

82.0 kilograms

380

Period: 1909 1917

to

tonnes ore

GOLD

BULLION

11.3 kilograms

Published Reserves/Resources

INFERRED-INDICATED MINERAL RESOURCE

200,000 tonnes Ore @

Company Report 27256 Published in 1994

ALICE QUEEN

FOR

640 Kilograms GOLD

3.20 g/t GOLD

Comments/Cut Off Factor: A topcut of 10g/t and a lower cutoff of 1.0g/t was used.

Resource figures listed above have been extracted from Company Annual reports or published literature.

Year Author

Published Reference ID

Comments

Year Completed

Year Commenced

Major Mining Related Events

Mining Operations

Tenure Type/Number

Company Name/Surname

SHARE

Currently untenured mineral deposit

Host Rock/Cover Sequences

Structural Unit

Formation Name/Age

PAMA PROVINCE

Kintore Granite / LATE SILURIAN to EARLY DEVONIAN

Deposit Model

GENERAL ORE BODY MODEL

MESOTHERMAL VEINS/PIPE/STOCKWORK

DETAILED ORE BODY MODEL

MESOTHERMAL VEINS MAGMATIC-RELATED

Mineralisation Age

ORE

SILURIAN to DEVONIAN

Comments

Gold was first discovered in the area in the early 1900's. The mineralisation generally occurs within quartz veined and

quartz-sericite-epidote-chlorite altered adamellite. Pyrite and lesser arsenopyrite are generally associated with the alteration.

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