Annual technical report on EL 24194 Indiana Project, 24 January 2007 to 23 February 2008

Abstract

Work completed over the tenement area during the reporting period includes the following: Airborne VTEM survey; Field verification of anomalies; Rockchip sampling; Ground EM; and Recommendations for drilling. Results from the VTEM survey indicate multiple high quality targets. Many of these were field checked and rock samples taken where outcrop was present. Elevated nickel, copper and cobalt analysis were returned from a number of samples at a number of locations. Modelling of the ground EM completed over a number of the VTEM targets suggests basement conductors are present and are worthy of drill testing. Further work will consist of a heritage survey followed by drill testing of geophysical and geochemical anomalies.