Annual and final report for EL 26131

Abstract

On adjoining tenements, Finching Pty Ltd became operator of a joint venture and conducted a review of industrial mineral potential as well as organizing and completing a detailed 5038 line kilometre airborne magnetic, radiometric and digital terrain survey over adjoining EL's 24998 and 24882 (See Report CR 2007-0181) during the first year. This work was focused on diamond exploration. EL 26131 was acquired as it was vacant ground with close proximity and contiguous to the abovementioned tenements already held by Finching and Mundena. It was decided that if a sufficient sized tenement holding could be acquired it may be possible to attract a Major diamond explorer into a joint venture. This did not occur so it was decided to relinquish the tenement.