Annual technical report for EL 24194 Indiana Project, for the period 24 January 2006 to 23 January 2007

Abstract

Work completed over the tenement area during the reporting period includes the following: Interpretation and evaluation of stream sediment samples; Collection and analysis of magnetic lag samples and interpretation of assay results; Geological mapping and rock chip sampling; Ground EM; and Recommendations for further work. Results indicate elevated Ni and Cu in magnetic lag samples consistent with derivation from magmatic nickel/copper sulphides. Ground EM was conducted over a number of areas with anomalous geochemistry and a mid time basement conductor was identified. Further work will consist of ground and/or airborne EM followed by a heritage survey and drill testing of geophysical and geochemical anomalies.