Annual report on EL 23035 Goomadir Project for the period 15 June 2006 to 14 June 2007

Abstract

The 2nd year exploration program included helicopter supported outcrop sampling, geological reconnaissance and a tenement-wide hyperspectral survey. A total of 29 HyMap image strips covering approximately 1,150km2 were acquired at a spatial resolution of 5 m. A total of 35 rock chip samples were collected in the western portion of the tenement to test point source anomalies identified from the previous year's radiometric survey. The outcrop assay results were disappointing, with all elevated Uranium (46.9 ppm U best result from sample GR060025) associated with the Nungbalgarri Volcanics or the Gilruth Volcanic Member. The hyperspectral survey identified several illite and tourmaline alteration anomalies in the bottom arm of the tenement in association with a fairly strong northeast-trending fault zone. The anomalies will be field checked and sampled in the 2007-2008 field season.