Annual report on EL 27028 McArthur Basin Project, report period 11 May 2009 to 10 May 2010

Abstract

This report covers exploration completed on EL 27028 during the reporting period from 11 May 2009 to 10 May 2010. The tenement is located in the Batten Fault Zone of the Proterozoic McArthur Basin in the north-eastern part of the Northern Territory, 460 kms NE of Tennant Creek, and 670 kms SE of Darwin. The tenement forms part of Castile's McArthur Basin Project. The tenement, covering an area of 26.25 km2 (8 sub-blocks), was granted to Castile Resource Pty Ltd (a wholly-owned subsidiary of Westgold Resources Limited) on 11 May 2009. It is located within the Billengarrah Pastoral Lease, 1069, and within the proposed Limmen National Park. Exploration for the year ending 10 May 2010 included data compilation, flying high-resolution aerial photography over the tenement, interpretation and report writing. No on-ground work was completed. Subsequent field activities will include geological mapping and related soil, rock chip and drainage sampling of priority targets areas. The proposed minimum expenditure for this work will be $8,000.