The Blue Thunder Gold Project covers 7-8 km of strike of the highly prospective Koolpin Formation. It lies along the Fenton Shear, which is a significant regional structure located to the west of and is sub parallel to the well endowed Pine Creek Shear.

Homestake Gold of Australia Limited (“Homestake”) previously explored this ground for gold during the 1990’s. Exploration was based on a model which suggested stratigraphic and other similarities between the area covered by the Blue Thunder Gold Project and the area at the Homestake gold deposit at Lead, South Dakota (50+ M oz Au).

The Thunderbolt Prospect, a very large gold system, was identified following a regional diamond drilling programme by Homestake. The Company intends to carry out focused exploration activity at the Project with additional diamond drilling at the Thunderbolt Prospect, and the identification and evaluation of other targets within the prospective mineral trend.

The following figure shows the regional magnetics of the Blue Thunder Gold Project, as well as the proximity to the Cosmo Howley deposit (2+ MozAu).