Report on EL 1510 Mount Todd Area

Abstract

This EL was covered practically throughout since last August and most known workings at least visited and sampled as mentioned in detail in quarterly reports. In addition areas immediately outside the boundaries were examined, while not under title or application, to confirm continuity. Most lode systems known to have been productive in the past offered little scope as key areas were held. The area is economically of interest for both Tin and Gold as a hardrock and alluvial prospect. Destiny Prospecting Pty Ltd, has established machinery at the Norris workings capable of treating alluvial exceeding 400 yds per day at a total cost to date exceeding $50,000. Some of the plant has been used to expedite exploration knowledge of the alluvial and elluvial and outstanding rock specimens recovered recently have given us target areas for the future hard.rock prospects. To date, our area of greatest interest will be an area one mile east and west of the left hand fork of Horseshoe Creek from the Northern Boundary to a mile south of Alirights. One Mineral Claim and one Dredging Claim DC 4D have indicated reserves to justify the exploitation of tin and an application for further titles may soon be lodged in the very near future as results are favourable. Plant and Machinery on hand are Terex 2 half yd Front End Loader, Scraper, Trommel, Lighting Plants, Welding Plants, Caravan, Scintolometre and other prospecting gear, 2 Four Wheel Drives and Workshop. A minimum of $3000 will be spent on exploration during the next 12 month period. Two experienced prospectors will be full time within the area. No technical facilities beyond our capabilities are envisioned for the coming year but should the occasion arise assurances to assist have been pledged. The Program will be exploration to augment Tin reserves and will necessarily be oriented to be ahead of production of the areas where title has been granted.