Work conducted on the recently relinquished portions of the Moolowatana exploration licence, over the 10-year period since the tenement was granted, has included the conduct of four gravity surveys plus the drilling of two deep diamond cored holes, QBE1 (total depth 504 m) and QBE2 (TD 501.7 m) that were completed during March 2002 and July 2006 respectively. Both of these vertical, rotary mud precollared and cased drillholes were programmed to test subsidiary gravity highs within a coincident magnetic/gravity anomaly at the Dolores East prospect for possible economic IOCG type mineralisation, besides (in the uphole section) evaluating the sedimentary uranium potential of the Tertiary Namba and Eyre Formations. The Dolores East prospect, located in the southern, Area 'I' sub-block of the tenement, lies at the intersection of a major NNW magnetic linear structure and a NE/SW trending structure. This anomaly was of great interest to the initial licence partners because it is an isolated, discrete, previously untested aeromagnetic anomaly located in the middle of the Curnamona Craton. During August 2001, a confirmatory ground magnetic survey was conducted by Allender Exploration on the Dolores East prospect, to assist in siting a test drillhole. Subsequent rotary mud precollar drilling of hole QBE1 during November 2001 encountered Proterozoic basement rocks at 307 m depth that comprise highly altered and brecciated volcanic beds. Because the QBE1 drillsite lies within the known artesian part of the Eromanga Basin, a cased and pressure-cemented precollar section was required to be constructed to protect the local aquifer from contamination. The precollar part of the hole was drilled by Thompson Drilling, passing through 307 m of shale and sandstone before entering basement. A 3-metre bottom-hole core was cut from 308.5-311.5 m depth to confirm that the hole had indeed reached basement, and had not merely penetrated a crystalline rock clast in conglomerate. The hole was subsequently cased with 100 mm PVC casing and pressure cemented, with a cement plug left in the bottom of the casing. During February-March 2002, diamond core drilling in QBE1 was carried down to 504 m depth using a rig operated by Silver City Drilling. NQ core recovery was excellent, averaging 99%. Magnetic susceptibility measurements, geological logging, petrology studies and geochemical analyses were carried out on the drill core. The entire cored section of the hole consists of felsic volcanic breccia, indicating that the geophysical target represents a volcanic vent complex, and the rocks are anomalous in copper, averaging 655 ppm Cu over a 192 m thick depth interval from 312-504 m, this including 3 m @ 0.60% Cu and 1 m @ 1.17% Cu. In the joint venture's opinion, the QBE1 drill core displays some of the key petrological and mineralogical features that characterise large mineralising systems which host major copper deposits. Following the drilling, and the conduct by Allender Exploration during June 2002 of a 184 station gravity survey along five traverses crossing the Dolores East magnetic anomaly, the JV realised that the levelling precision of the existing gravity coverage at Dolores East was inadequate for selecting the position at which to drill another hole on this prospect. Therefore a second more detailed, differential GPS-based gravity survey of the area was completed by Haines Surveys during March 2006, on a 100 m x 400 m grid spacing (212 stations). Modelling of the resultant data revealed a discrete 1.5 mGal magnitude gravity high, roughly coinciding with the broader magnetic anomaly. During July 2006, new licence entrant Red Metal contracted Thompson Drilling to drill vertical rotary mud precollar hole QBE2 to 318.5 m depth on the Dolores East prospect near QBE-1, at a site ~226 m distant to the north-northwest. During September 2007, this precollar hole was extended by Jerry’s Drilling Service into basement rocks, by diamond core drilling from 318.5-501.7 m depth. The drilling encountered altered felsic volcanic breccia rock types very similar to those found in QBE1, but a visual estimate of the content of copper minerals in the QBE2 drill core was low, and thus core sample assaying has not been undertaken to date. Indeed, although the JV partners consider that perhaps trial deep IP or deep EM methods could be used to more cheaply further evaluate the Dolores East prospect, a decision has recently been made not to continue exploration there, and to relinquish tenure over it.