Five rotary precollared, NQ2 diamond drillholes were completed as a PACE Year 4 subsidised drilling project (DPY4-52) between January 2007 and June 2007, during a regional diamond drilling programme on the licensee's ELs (involving overall ~ 6000 m of drilling). The drill target areas each contain a previously delineated geochemical and/or geophysical anomaly that is considered to have untested good VHMS mineralisation potential. Drillhole BLDD14 to TD 234.8 m penetrated intercalated graphitic meta-pelites, amphibolite, pegmatites and plagioclase-bearing, sillimanite-biotite-graphite-pyrite-K-feldspar gneiss. The rocks tend to be intensely retrogressed, with muscovite replacing sillimanite and K-feldspar and chlorite replacing cordierite and biotite. This hole had minor anomalous base metal intercepts, with 10.2 m @ 0.22% Zn from the depth interval 139.8-150.0 m, 2 m @ 0.48% Zn and 0.1% Pb from 163-165 m, and 6 m @ 0.3% Zn from 173.5-179.5 m. Trace iron-rich sphalerite was observed in thin section, and poorly developed, iron-poor vein sphalerite (plus galena) is evident in the drill core. Drillhole BLDD15 to TD 261.6 m was sited to test the strong TEM anomaly originally targeted by BLRC04 : that hole had failed to reach basement due to an influx of Tertiary sand. The new hole penetrated intercalated marbles, calc-silicates, meta-sedimentary amphibolites, amphibolites, graphite-pyrrhotite schists, plagioclase-rich gneisses and chloritic (retrogressed) biotite schists. These rocks contain numerous thin intersections of sub-economic zinc mineralisation that are associated with an overall highly anomalous rock package. Copper, lead, zinc and nickel are all anomalous, with the latter often associated with graphitic and sulphidic horizons. The Ni (up to 360 ppm) is found as pentlandite grains contained within pyrrhotite as exsolution lamellae. Cu (up to 530 ppm) also occurs as inclusions in pyrrhotite, in the form of chalcopyrite. The best mineralised intercept was 3.80 m @ 2.50% Zn, 0.43% Pb and 8.3ppm Ag from the depth interval 205.1-208.9 m. Drillhole BLDD17 to TD 258.7 m tested the sequence along strike from BLRC01, BLDD02 and BLDD03, all of which had penetrated substantial thicknesses of pyrrhotite/graphite rocks containing anomalous Zn, Cu and Ni mineralisation. It was located towards a meta-komatiite previously intersected in BLRC06, above a strong magnetic anomaly which could represent a significant accumulation of massive sulphides. This hole penetrated intercalated meta-sediments and meta-mafic volcanics containing up to 927 ppm Cu, 267 ppm Ni, 4632 ppm Zn and 826 ppm Pb, where the anomalous Cu-Zn-Ni tends to be confined to graphitic-pyrrhotitic horizons, and the elevated Pb to cross-cutting Malache-style veins. Drillhole KADD01 to TD 288.6 m was sited to test the downdip extent of zinc mineralisation intersected by previous holes Acacia Metals' MRC1 and Stockdale Prospecting's DH44. Petrological examination of chips from MRC1 had indicated that the sequence is similar to that encountered in both of Lynch Mining's drillholes BLDD02 and BLDD03, with highly graphitic meta-sediments presumed to be associated with meta-komatiites. The latest drillhole penetrated highly sulphidic, in part slightly graphitic cordierite-bearing gneisses that have undergone partial melting. It contains anomalous base metals throughout, including a best mineralised intercept of 12 m @ 0.43% Zn, 0.13% Pb and 4.3 ppm Ag from the depth interval 187-199 m (including 6 m @ 0.62% Zn and 0.2% Pb from 187 to 193 m depth). Drillhole KADD02 to TD 345.7 m (azimuth 218 degrees magnetic, declination minus 60 degrees) targeted the same sequence as that in KADD01, and was collared some 500 m further to the south along the aeromagnetic trend, at a point where the sequence appeared to have been deflected to the south-east by a major WNW structure which shares a similar orientation to the Malache structure to the north. The drillhole penetrated cordierite-bearing, sulphide-rich, quartz-K-feldspar-plagioclase-biotite-cordierite-sillimanite-pyrrhotite gneisses which also contain minor to trace rutile, chalcopyrite, galena, sphalerite, secondary pyrite, marcasite, zircon, garnet, ilmenite, magnetite, titaniferous hematite, apatite, monazite, prograde pyrite, and retrograde muscovite, chlorite, clays and calcite. Uraniferous veins in this drillhole contain chlorite, barite, Mn-calcite, V-rich clays, marcasite, base metal sulphides, uraninite, pitchblende, coffinite, davidite and ?brannerite. Prograde pyrrhotite, in textural equilibrium with adjacent silicates, contains very rare flame exsolution of pentlandite as well as abundant chalcopyrite. The chalcopyrite occurs as inclusions in pyrrhotite, as discrete grains in the gneiss groundmass, and as grains associated with both prograde and secondary (replacing pyrrhotite) pyrite. Individual half metre samples contain up to 25% sulphide. Uranium-bearing veins are developed at the boundary between reduced, pyrrhotitic gneiss and oxidised, hematitic gneiss. The veins range in thickness up to 1 cm, although some vein 'swarms' can be up to 10 cm in thickness. The veins are often zoned, having Mn-calcite as the dominant mineral, with uranium minerals developed at the vein margins. In addition there is often abundant barite, vanadium-rich clays, jarosite, galena and sphalerite present in the veins. Unusually low-Fe sphalerite can be partially rimmed by uraninite and/or pitchblende. The dominant uranium minerals in order of abundance are pitchblende, uraninite, coffinite, davidite and brannerite. Typical Malache style veins are also present, containing very low Fe sphalerite and galena (often with chalcopyrite) in association with a vein gangue comprising quartz, calcite, chlorite, clay minerals and possible gypsum. Galena grains can be up to 1 cm in size. The drillhole contains anomalous Cu-Pb-Zn-Ag throughout, the best mineralised intercept being 3 m @ 0.72% Pb, 0.19% Cu, 0.33% Zn, 12.7 ppm Ag and 285 ppm Co from the depth interval 242-254 m (including 1 m @ 1.25% Pb, 0.35% Cu, 0.34% Zn, 19 ppm Ag, 673 ppm Co and 410 ppm Ni from 242 to 243 m). Encouraging uranium values were also intersected, the highest being 1 m @ 693 ppm U from the depth interval 303-304 m. Diamond drill core samples have been selected for geophysical test work, and the cores have been logged in detail to record stratigraphic correlations, orientation of layering and structure and style of mineralisation. Stratigraphic reconstructions are being undertaken, which when combined with geochemical investigations, may allow better future targeting for massive base metal sulphide mineralisation.