Combined ninth annual report for EL 23791 and EL 23921 Mount Goyder, period ended 18 December 2012

Abstract

Drilling that had to be postponed from year eight was completed in year nine of tenure. At the historical Anomaly 7 gold prospect on EL 23921, 33 air core holes were drilled for 1166 m. The best results were: 4 m at 0.20 grams per tonne Au from 20-24 m in MGAC023, 4 m at 0.15 grams per tonne Au from 16-20 m in MGAC010, and 4 m at 0.12 grams per tonne Au from 40-44 m in MGAC024. These results downgrade the prospectivity of Anomaly 7 and future work will now focus on the Annaburroo Dome on EL 24468 and EL 25165. There was little on-ground work on the contiguous EL 23791 during the reporting year. Possible geophysical targets were ground-truthed.