Annual exploration report for EL 26758 ending 12 November 2010

Abstract

Work undertaken during the period consisted of a regional compilation of open file and available data from all known sources completed by external consultants under the direction of the company's exploration and regional exploration managers. This compilation has been indexed and is currently undergoing geo-referencing and point extraction of data where required. Field review, although delayed and restricted by abnormally wet ground conditions during 2010, has been completed in preparation for the planned 2011 field sampling during the dry season. An assessment of digital data sets and the subsequent maps derived from the GIS compilation has been completed and detailed interpretation of existing geophysical information has commenced to provide assistance with detailed targeting for follow-up filed sampling.