Annual report for EL 23570 Plenty River, for the period 6 March 2004 to 5 March 2005

Abstract

This is the second annual report on AusQuest's Plenty River tenement, EL 23570. This tenement was acquired as part of a larger project, which was originally targeting Broken Hill Style lead-zinc-silver mineralisation within a major transcurrent fault corridor, extending WNW-ESE through the region. Recent NT Government aeromagnetic surveys, flown in 2001, 2002 and 2004, however, have highlighted the potential for kimberlite pipes in the general region, mainly to the north of EL 23570. Negotiations for an Exploration Agreement over this tenement had not been completed at the anniversary date of the tenement.