Annual report EL 27898 for the period 13 October 2010 to 12 October 2011

Abstract

During the reporting period, previous exploration data and historical exploration reports were acquired from the NT Geological Survey, Darwin and a technical review of the project area was undertaken. EL 27898 covers part of the north-trending anticlinal structure which contains an abandoned gold mine (Great Northern). It is located just outside the northern tenement boundary and is defined by a magnetic anomaly as other gold deposits in the PCO. Other activities included reconnaissance visits of the project area, report writing, tenement administration and future planning. In the next reporting period, soil/rock sampling (aircore drilling) program will be undertaken to test the potential for gold, uranium and base metals mineralisation. If successful, target areas in conjunction with geophysical and geological information will be tested by RC drilling.