Boomara

The Boomara Project area was targeted on the basis of a complex magnetic basement, interpreted multiple fault systems and evidence of IOCG-style alteration in historical third party drilling which have included intersections of halo grade of copper and gold. Mesozoic cover depths typically range from 150m to 280m.

Historical exploration within the Boomara area has primarily focused on detailed magnetic and gravity surveys and geophysical modelling with limited drill testing of the Proterozoic basement. To date only 15 holes have been drilled into basement within the tenement area including BMD030 which intersected 52m @ 0.26% Cu and 0.12g/t Au and 60m @ 0.21% Cu.

At the Jimmy's Creek Prospect, which sits to the south of the Company's tenements, previous explorers intersected strong albite-haematite-magnetite alteration and multi stage breccias including 211m @ 0.33% Cu and 0.16g/t Au (BMD021) and 124m @ 0.27% Cu and 0.06g/t Au (BMD017).

The Mt Isa Metals exploration program will focus on the delineation of higher grade zones within the identified alteration systems. Drill hole targeting will be enhanced by acquisition of additional geophysical data including possible IP & EM surveys.

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