Eighth Annual Report for EL 7803, EL 7837 and EL 8479, 13 October 2004 to 12 October 2005

Abstract

Exploration Licenses (EL) 7799, 7803, 7837 and 8479 were granted to the Central Desert Joint Venture (CDJV) partners (Otter Gold NL 60% and Acacia Resources Ltd {now Anglogold Australia} 40%) on October 13th 1997. The four exploration licenses are subject to a Deed (Coomarie) between the CDJV and the Traditional Owners executed 01/08/97. The Coomarie tenement group comprises a significant proportion of the Granites-Tanami Province. The tenements are viewed as a single project and exploration efforts have primarily focussed upon generating targets. To date work programmes have constituted data compilation, airborne surveying, regional soil sampling and posthole drilling to define aircore targets. Three fences of aircore were completed to test the existing anomalism. Work during the 8th year of tenure involved the drilling of 13 aircore holes in EL 7803.