Final report for EL 22924 Delny from 23 December 2002 to 7 July 2010

Abstract

This report describes exploration carried out by TENL, Mithril and ABM in the period from 23 December 2002 to 07 July 2010. Over the seven and a half years of tenure exploration was only completed by TENL and by Mithrill. In the last year of tenure no on ground exploration took place neither by ABM nor by Mithril due to the change of owner ship. Exploration over the seven and half year period of tenure included a geological re-interpretation, reconnaissance, surface sampling and a relogging of historical DD core. The results of the 1/4 core samples returned confirmed the correct order of magnitude of the historical assay values. Best result was 7.4ppm Ni from what seemed to be hole DDNT-12-1 at a depth of 248ft. The rock chip samples showed no anomalous nickel assay values peaking at 58.3 ppm from the Sample PFPH-001. The maximum copper assay value was 455 ppm (Sample ID ALK053) returned from a sample in the vicinity of the Perenti prospect. The assay results of the lag samples returned slightly anomalous nickel values peaking at 150.5ppm (Sample ID T157) and 1570ppm chrome (Sample ID T157). Overall the surface sampling results were disappointing.