Mining Titles

*** IMPORTANT UPDATE - MCO TENEMENT AREA INCREASES TENFOLD TO ~220km2. ***

Morning Star Gold received from the D.P.I. Victoria confirmation of granted Exploration Licences and Mining Licences covering over 220km2 of highly prospective 'Woods Point Dyke Swarm' tenements. This is a huge increase (over tenfold) in Morning Star's areas. See PDF herewith:

Morning Star Tenement Map as at Feb 2008 (119.57 Kb)

In Q4 2007, MCO received confirmation of its newly granted mining licences (ELs and MINs) covering the three major 'shear zones' running northwest from Woods Point. These zones run along the Ross Creek Line, the All Nations Line and the Tingha line of dykes and workings. Many mines exist within these new Mining Licences and two ELs, some of which were mined for rich returns of Gold from shallow workings historically.

Additionally Morning Star has purchased MIN5299 known as the 'Dempsey Licence'. This current Mining Licence contains the historically rich Dempsey, Hunts and Rose of Shamrock Mines which have produced ~87,000ozs Au - some recently.

The areas shaded pink on the tenement map diagram (see PDF above) are now officially granted Mining Licences, most adjoining the Morning Star licence or adjacent. The newly granted Exploration Licences, of which there are two, are also 100% held by Morning Star Gold are depicted in lime green.

Indigenous Land Use Agreements (ILUA) are agreed and signed by MCO and the traditional owners of MCOs tenements. These ILUAs have recently (after an exhaustive 8 year negotiation) been finally registered in perpetuity in the National Native Title Tribunal, an adjunct to the Federal Court of Australia. This means MCO and the two Indigenous Peoples concerned (Taungurong & Gunai Kurnai Peoples) have binding agreements on mineral rights in perpetuity. This adds great stability and certainty to MCO's entire tenement package.

A full list of Morning Star's Mining Titles can be found at this link:      MCO's 100% Controlled Mining Titles - May 2008 (476.99 Kb)