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Australian Gold Price: 1380.05         Date: September 7, 2010

Gullewa Gold Mine

 Gullewa Gold Mine NI 43-101

The Gullewa Project is located 450 km north of Perth, 160 km east of Geraldton and 300km south west of ATW’s 100% owned Burnakura Gold Mine in the Yilgarn goldfields of Western Australia.

The Gullewa Project includes a total of 756 km2 of mineral tenements that cover the prospective central and southern portions of the Gullewa Greenstone Belt and include the Gullewa Mining Centre, the Deflector Deposit, the Prince George Mine, the Michaelangelo and Monarch Prospects.

Mining infrastructure assets of the Gullewa Project include a turn-key gold operation with a Carbon-In-Leach plant capable of up to 300,000 tpa (tonne per annum) gold production, a licensed tailings disposal facility, a 50-person camp, offices, workshops, bore fields and haulage roads. The site is currently on care and maintenance.

Drill Plan Maps

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Target 1 -- Deflector (south of known mineralization; 900 metres of untested strike length)

The IP survey completed over Deflector in 2006 displays an anomaly which indicates that there is approximately 900 metres of untested strike length to the south and downplunge of the known mineralization. Geophysical data from last year's gravity survey identify a gravity high that is coincident with the IP survey anomaly. These areas have not been adequately drill tested, as previous drill holes were not drilled deep enough to test the deposit's southerly plunge.

Target 2 -- Deflector (north of known mineralization; 1,800 metres of untested strike length)

The gravity survey completed in 2008 displays displacements in the gravity high that are coincident with known mineralization. These displacements, believed to be caused by faulting, are not evident in the historical datasets. This area has had limited work completed and was underexplored by previous operators. Three historic RAB holes were drilled on the edge of the gravity high but were only selectively sampled, thus, are not considered to be definitive.

The area immediately to the north of Deflector's known mineralization has a strike length of 400 metres while the next offset from the gravity high has a strike length of 1,400 metres.

Target 3 -- Deflector (inferred resources below Deflector Central and West Open pits)

A significant portion of the current National Instrument 43-101-compliant resource at Deflector is classified as inferred and has not been adequately tested at depth. A principal focus of this 10,000-metre drill program will be to upgrade the current inferred resource and to expand the deposit at depth.

In addition, a fourth area, with two near-surface targets known as Golden Stream and Tintoretto will also be tested.

NI 43-101 Resource Inventory

Maps

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Photos

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