Annual report on EL 24142 Mt Ringwood, 4 October 2009 to 3 October 2010

Abstract

This report is the sixth Annual Report of the exploration of EL 24142 for the period 4 October 2009 to 3 October 2010. The Year 5 Annual Report in fact covered drilling completed late in the previous reporting period and processing of results completed early in the year. The drilling results showed quartz veining, disseminated sulphide and mineral alteration features along with elevated gold and arsenic values in areas that have previously (2007 reconnaissance program) been identified as being potentially mineralised. The Company has reviewed all the data and a offer of a JV has been requested by a local NT prospector to treat the alluvial potential of the tenement and adjourning leases e.g. Glencoe Satellite Deposits.