EL 26534 Helen Springs Project, Annual report for the period ending 1 August 2010

Abstract

During this reporting period final data processing of the RepTEM data were carried out. A number of geophysical and geological GIS compilation plans were generated at 1:100,000 and 1:50,000 scales. The Cainozoic cover is interpreted to be rather thin throughout most of the survey area, except for a few small palaeochannels running in a NE-SW direction. Cambrian sedimentary deposits likely cover most of the older rock units along the NE margin of the survey. Detailed RepTEM data processing, geological bedrock and structural interpretation, target generation and prioritisation, and target modelling were completed to identify drilling targets. Some highly conductive and magnetic bedrock features have been identified as potential mineralisation targets. A reverse circulation (RC) drill program has been designed to test drill targets. A Mine Management Plan (MMP) has been submitted and drilling will be undertaken, pending approval of the MMP. In the interim, Sinosteel have planned a site visit for October 11 to October 15 2010 to plan drill program logistics, review site environmental conditions, and meet with land owners and managers.