Annual report for the period ending 12th December 2005

Abstract

This annual report describes the work carried out in EL 10097, Mistake Creek during the period ending 12 December 2005. Exploration work consisted of; conclusion by Admiralty Resources NL not to continue with Joint Venture negotiations with Kajeena Mining Ltd for Admiralty to farm-in to the project; interpretation of magnetics data; identification of numerous anomalies in the magnetics data which may represent kimberlites or lamproites; submission of a proposed work program to the Central Land Council to gain clearance permission to commence drainage sampling for diamonds; a reconnaissance field visit. Several gold and base metal anomalous drainage areas, defined by previous workers, were field checked. No obvious source to the anomalous gold, zinc and magnetic units are evident in the upper parts of the Swan Creek area or in the zone identified in the northwest of EL 10097. The area remains prospective for diamonds and a proposed program of drainage sampling is currently with the CLC for clearances before work can commence. Unfortunately, this clearance was not received before year-end and it is now scheduled to commence early 2006.