The Gameta Gold Deposit Fergusson Island, Papua New Guinea

The Gameta Gold Deposit is located on the north-eastern corner of Fergusson Island in the D'Entrecasteaux Islands of Milne Bay Province, PNG, at lat. 9¦ 25' 5, long. 150¦ 47' E or AMG co- ordinate 256740 E/8959000 N (Figure 1). The area is covered by the Fergusson (SC56-05) 1:250,000 scale Topographic Map Sheet and the Koitabu (9079)1:100,000 scale Topographic Map Sheet. The property is held 100% by Union Mining NL (UMG) and lies 105 km NNE of Alotau and 33 km to the ESE of UMGs recently developed Wapolu Gold Mine, a Joint Venture between UMO (51%) and Macmin NL (49%). The inferred resource estimated from surface results and 105 RC drill holes, currently stands at 1.89 million tonnes at 2.6 git gold (1.0 g/t Au cut-off) or 155,000 oz. Evaluation of the property is currently proceeding. To date 111 RC holes have been drilled for a total of 4611 m.