Exploration License 3526 - 471 Sq. Km

Anomaly LB-02

This is an elongate anomaly with a peak reading of 4 mGal. A body with a polygonal cross section was used to model the main part of the anomaly. The anomaly appears to be shallow coming virtually to surface in parts. The main body is quite large some 6 km long and about 1 km wide and it is interpreted to be more than 2.5 km thick with the assumed density contrast.

Anomaly LB-03

This anomaly is also elongate and was modeled with a polygonal body. However, the Bouguer Anomaly is more intensive having a maximum of 6 mGal. There is a reasonable fit to the observed data, and the interpreted size of the body is some 5 x 1.5 km with a thickness of about 5.5 km. The body is fairly shallow with an interpreted depth of less than 200 metres.

Title: Lambina Gravity Survey

Simberi has received approval to undertake a six month drilling and exploration program on the Lambina property from the Mining Regulation and Rehabilitation Branch of the Government of South Australia. Simberi has completed its Aboriginal Work Clearance Survey and is now proceeding to engage a drilling company to conduct the drilling to test the anomalous zones.