Ninth annual report on EL 9358 Delta 13 May 2004 to 12 May 2005

Abstract

Giants Reef consider EL 9358 to be in a prospective location to host ironstone-related gold-copper deposits, given the presence of a number of magnetic targets, structural geometry and their position along the Eldorado-Juno-Nobles Nob trend. A ground gravity survey, covering some 1.78 km2 of the Delta target area, was undertaken over EL 9358, however this work failed to delineate any potential ironstone body either in the upper regolith zone or coincident with magnetic anomalies. Results from the geophysical work carried out this year have down graded the prospectivity of the series of magnetic anomalies in the northern region of the tenement.