Third annual report for EL 24835, Phillip Creek NT, for the period ended 15 August 2009

Abstract

EL24835 is located 45km north west of Tennant Creek, west of the Stuart Highway on Phillip Creek Station. During the third year of tenure, five RC drill holes were drilled for 679m. The best result was 26m at 512 ppm Cu in a hematite quartz breccia unit from 71-96m in hole PCRC019. No uranium or gold mineralisation has yet been encountered. 1330 line km of airborne geophysics (magnetics and radiometrics) were flown at 100m line spacing in a north south orientation at 30m flying height by UTS Geophysics over the south east corner of the tenement. A ground gravity survey was conducted over the south eastern part of the tenement by Fugro Ground Surveys with station spacings at 200m and 100m infill. Data was collected from a total of 1207 gravity stations.