First annual report for SEL 23661 Wilson, for the period 3 April 2003 to 2 April 2004

Abstract

This is the first annual report for SEL 23661 (Wilson) covering the year to the 2nd April 2004. Substitute Exploration Licence SEL 23661 is situated approximately 130km north-west of the Granites Gold Mine. The licence is located within the 1:250,000 map sheet SF52-3 (The Granites). It is readily accessible via roads and tracks leading from the Tanami Road or by air. The licence was granted on the 3rd April 2003. During the reporting period, exploration included a soil survey over the Twin Bonanza and Old Pirate Project areas, an IP geophysical survey and review of all previous data collected from work over the Twin Bonanza and Old Pirate mineralised systems. The SEL was also included in a Tanami-wide regional structural mapping project. This project commenced in October 2003 and is still in progress. In conjunction with the structural project, ASTER (Advanced Spaceborne Thermal Emission and Reflection Radiometer) satellite imagery has been purchased, and is currently being interpreted to provide regional lithological, structural and mineral alteration signatures. It is proposed that future work will involve the evaluation of prospect areas defined by target generation from the regional structural and ASTER studies. Conceptual targets outlined will be assessed using surface geochemical sampling and/or aircore / RAB drilling, depending on the particular geological and regolith settings. Future work will also include detailed exploration work on the Twin Bonanza and Old Pirate prospects based on recommendations from reviews in progress.