Work Program

Finders considers that the Ojolali Project is similar in geological style to other low sulphidation multiple vein epithermal systems such as those known at Mt Muro (Aurora/Straits), Chatree (Kingsgate) and Vera-Nancy (Normandy/ Newmont).  The work program is designed to address the multi million-ounce potential in the district by means of a progressive program focused on:

• establishing early cash flow from the leachable gold deposit at Jambi; and
• progressive exploration for bonanza grade deposits to bring currently known targets up to Resource status.

Key program milestones include:

• revised resource estimates based on current drilling
• completion of scoping study on Jambi by end 2006; and
• completion of detailed IP surveys to generate and rank additional drilling targets.

Geophysical surveys

Over 125 line kilometers of gradient array induced polarization (IP) surveys on 50m spaced lines have been completed in the Tambang, Tambang East, Chandra B-1, Jambi and Batu Kuning prospect areas to date.

Known quartz vein systems at Tambang and Batu Kuning correlate high resistivity zones and associated high chargeability zones in the IP data. At Jambi, the current drilling area is characterized by high chargeability and suppressed resistivity interpreted to be the result of more widespread alteration in the prospect area.

At Tambang, additional resistivity highs splitting from and sub-parallel to the anomaly which follows the main mapped vein structure are interpreted to represent splits and sub-parallel vein structures. The zone east of Tambang has yet to be tested by drilling and has potential for an additional ~1000m of strike length of vein within 200m of the known mineralized Tambang vein. Lesser order resistivity anomalies to the west and north of the main zone have a cumulative un-drilled strike length of ~1500m and correlate with the partially explored Chandra and B-1 prospect areas.

Resistivity Image - Tambang

At Jambi the known oxide gold mineralization closely corresponds with a chargeability high zone. However, the geophysics survey shows a strong “Tambang-style” resistive anomaly extending north from the current drilling area for at least 300m.

At Batu Kuning, two sub-parallel resistivity highs closely correspond to mapped surface veins and this system can be traced northwards for ~400m along strike from the location of previous drill holes.

Rsistivity Image - Jambi & Batu Kuning

The proposed work program at Ojolali will involve:

• upgrading the Resources at Jambai to Indicated Mineral Resource status through in-fill drilling;
• infill and step-out drilling at Tambang;
• additional metallurgical test work on drill core samples;
• preliminary environmental impact and permitting studies;
• detailed IP surveys to find ore body extensions and target additional vein systems;
• ranking of additional vein systems based on an integrated program of geophysics ad surface mapping and sampling; and
• scout drilling of priority targets.