Fourth year relinquishment report for EL 10311 'Gibson Creek', 20 March 2004 to 19 March 2005

Abstract

Exploration Licence 10311 Gibson Creek is explored with EL 7810 Hayward Creek and EL 10129 Alexander Creek as one of three contiguous tenements that Giants Reef Exploration Pty Ltd (Giants Reef) refer to as the Alexander Project Area. EL 10311 was acquired to search for large base metal deposits possibly associated with a regional gravity anomaly centred in the area covered by the adjoining Licences. This report records the exploration work completed on the portion of no continuing interest (the relinquished area) of EL 10311 to the end of the forth year of tenure, on the 19th March 2005. After an assessment of the geology and geophysics over the Licence areas it was concluded that the areas showed minimal gravity and magnetic structures to warrant retaining the full Licence area for another year. Hence the recommendation was to fulfil the Statutory relinquishments on all three tenements. Whilst Giants Reef Exploration did complete a review of the company's data base with that of old geological records, no on-ground exploration was preformed on the Licence areas.