Combined annual and final report on EL 24007 for period ending 7 October 2010

Abstract

The work carried out on EL 24007 during 2009-2010 comprised a review of existing data. In 2005, a gravity survey comprising 1141 stations at 100m intervals on 400m spaced lines was conducted. In 2006, five RC-diamond holes for 1,199 metres were completed to test gravity/magnetic anomalies. In 2008, an extension gravity survey of 74 stations was carried to cover a N-S geological trend south of drillhole RMTCK01. The licence was surrendered after six years on 7 October 2010. The company concluded that drilling had sufficiently tested the identified anomalies.