Annual exploration report on EL 23401 Mt Peake Project for the period 25 November 2007 to 24 November 2008

Abstract

Between the 25th and 28th of September, 2008, an airborne aeromagnetic and radiometric survey was flown by Fugro Airborne Surveys over the Mount Peake area. The survey comprised three areas, one of which is located within Exploration Licence 23401. The survey was flown using a Cresco 750 aircraft, owned and operated by Fugro. Aeromagnetic data was collected using a Scintrex CS-2 Caesium Vapour Total Field Magnetometer and a Billingsley TFM100-1E 3-axis Vector Magnetometer. Radiometric data was collected using an Exploranium GR820 256 channel Gamma-ray spectrometer and an 8 NaI(TI) crystals 33.56L downward looking gamma-ray detector. The survey was flown at a nominal height of 50m along North-South traverse lines at 400m spacing.