RC Drilling at the Pegmatite Gully and Eluvial Gully hard-rock tin and tantalum targets at Moolyella is set to re-commence within the next 10 days, while planning is underway for additional auger and costeaning
programs designed to upgrade further non-JORC compliant historically defined alluvial and eluvial resources to JORC compliant status.
Historical diamond drilling, magnetic surveys, and more recent exploration in 2006/07 comprising costeaning
, 6 RC drill holes and 1 diamond hole, and a ground magnetic survey over part of the Northern Zone have been used to plan an exploration program targeting more than 10MT of magnetite.
Some distance to the north-west is the costeaning
Sovereign's goal is to define new targets for costeaning
and sampling, and if warranted drill testing in 1Q2012.