The Chatree Gold Project represents a greenfields discovery of metallurgically clean shallow gold mineralisation in a logistically simple terrain. Total Measured, Indicated and Inferred Resources are currently 31 tonnes of gold and 160 tonnes of silver. Gold occurs in an adularia-sericite epithermal system within quartz-calcite-adularia veins, breccias and stockworks. Host rocks are volcanic arc porphyritic latite-trachyte flows, their pyroclastic equivalents and volcaniclastics of upper Permian to upper Triassic age. The mineralisation was deposited in dilated zones during repeated reactivation of pre-existing structures. To-date five mineralised prospects have been defined by drilling with three reaching JORC Code Mineral Resources status. The project is in its definitive feasibility stage and is anticipated to be in construction during 2000.