First annual report for EL 10166 'Whippet North', 16 November 2004 to 15 November 2005

Abstract

Exploration License ('EL') 10166 Whippet North was acquired by Giants Reef Exploration Pty Ltd (Giants Reef) to search for Tennant Creek style iron oxide copper-gold deposits. This annual report records the exploration work done on EL 10166 during the first year of tenure from the 16th November 2004 to the 15th November 2005. Exploration work carried out during the year included: Compilation and review of historic vacuum and surface geochemistry sample data; over the License areas; assessment and implementation of work programs on known prospects with shallow oxide gold resource potential; assessment and modelling of deeper magnetic targets. The compilation and review of vacuum geochemistry and surface geochemistry for the license areas has defined a number of anomalies, which warrant further investigation. As the majority of geochemical surveys undertaken in the past were aimed at base metal exploration and did not include gold analysis, much of the licenses remain untested by gold geochemical surveys.