Drew Hill Exploration Joint Venture

 

In parallel with the White Dam Gold Production Joint Venture, Exco and Polymetals entered into the unincorporated Drew Hill Exploration Joint Venture to further evaluate and explore the tenements surrounding the White Dam area (see Figure below). Polymetals have recently taken over responsibility for the day to day management of the exploration programmes.

 

A 7,000m RC drilling programme was carried out at the beginning of the year to test extensions to the Vertigo deposit, further testing of other known nearby prospects and to also test other greenfields targets within a 3km radius of the current operation. A further round of near mine and regional exploration was then undertaken to continue to in-fill known areas of mineralisation and to test other targets identified by the exploration team. Results from White Dam North and White Dam East are expected in the second half of 2011.