GR365 Molyhil 2 EL 28948 and EL 31130 Twins Bore Year 4 Annual Group Report 29 February 2015 to 28 February 2016

Abstract

This is the fourth year annual report for exploration licences EL 28948 'Baikal' and EL 31130 (EL 28949 is now amalgamated with EL 30821 to form EL 31130) 'Twins Bore' but the second year as Group Report GR365 Molyhil 2. The two tenements are prospective for base metals and tungsten and are situated along strike of geological settings which host multiple known tungsten deposits in adjacent tenements. These tenements have not been explored since the early 1980s however with the pending development of the nearby Molyhil mine project; the potential of discovery of economic mineralisation is enhanced. Exploration efforts to date have been limited by available funding to evaluation of existing data including reports, maps, open source geophysical and hyper-spectral data. Target areas have now been identified for follow up fieldwork including mapping and rock chip geochemistry prior to drill testing of selected targets where warranted. No work was completed during the reporting period.