Annual and financial report period ending 6 December 2011

Abstract

MC 27986 was granted to Nicole Adamson and Antony Zebisch on the 6th of December 2010. MC 27986 was applied for to explore for the potential of gold mineralisation. To the NNW of MC 27986 are the historic gold workings of Mistake Reef and Karfees Reef. To the SSE are substantial exploration and mining activities that include Mt Tymn, Bridges Creek and Howley?s Ridge. Initial exploration involved several field trips to assess the area and to determine the best course of initial exploration. A ground magnetic survey was conducted totalling 3km of lines with 25m line spacing. MC 27986 is underlain by sediments of the Burrell Creek Formation with extensive Quaternary cover. The succession is primarily composed of a greywacke siltstone sequence, with subordinate mudstones and quartzite. Mineralisation is structurally controlled within faulting and anticlinal folding.