Annual report on EL 10004 Coronet Hill year ending 18 August 2006

Abstract

In July 2006, an initial soil sampling program was completed over the southern-most block. 414 samples were collected and analysed for tin tungsten, copper and lead. Both tin and tungsten values were disappointing; however, a single point anomaly of 600 ppm tin does require some explanation. Both copper and lead individually define additional; low-level anomalous zones sub-parallel to the main Coronet zone. The next round of field work will involve inspection of sample sites with a view to further soils, geophysical surveying and defining cost effective targets for drilling.