SIBERIA

The Siberia Project is a historical mine area located 37 km east of the Davyhurst Processing Plant. Open pits have been developed on a number of sets of historical workings, including Sand King, Missouri, Camperdown, Palmerstone and Theil Well.

GEOLOGY & MINERALISATION

The Siberia Trend is a 16 km zone covering the sheared ultramafic – basalt contact running south of the main Siberia workings to the Black Rabbit resource.  Along the trend a number of sets of substantial old workings have been developed on the basalt units close to the contacts at Consoles, Bonnie Doon and Consoles South. These have not been systematically tested as yet.

RESOURCES & RESERVES

The last JORC (2004) resource estimate  for the project was compiled in 2008 based on past ASX releases and reports. The estimated was released in the Swan Gold Mining Limited 2013 prospectus released 13th February 2013  (table 1). 

DepositMeasuredIndicatedInferred

Total

 (‘000t)g/t Au(‘000t)g/t Au(000t)g/t Au(‘000t)g/t Au(‘000 Oz)
Sand King

1,7733.36803.72,4533.4271
Missouri

2,0223.04092.62,4312.9227
Palmerston/   Camperdown

1182.31742.42922.422
Bewick Moreing



502.3502.34
Black Rabbit



4343.54343.549
Theil Well



1861863
Subtotal

3,9133.11,7653.25,6783.1576

Table 1 - Siberia 2008 Resource Figures

HISTORICAL PRODUCTION

The table below summarises the cumulative gold production from the project based on the available records;

ProjectProduction Period

Pre 19501950-19801980-20002000-2008

(oz Au)(oz Au)(oz Au)(oz Au)
Siberia

147,70025,292

Table 2 - Siberia Project Production History


TARGETS

The Theil Well Trend is situated on a sheared contact between Hi MgO and theoliitic basalts where the company has identified the New Mexico West and Charlie North Targets that require infill drilling.