Annual report for EL 24138, for the period 8 October 2009 to 7 October 2010

Abstract

Sipa only recently farmed into the tenement and has since conducted a review of previous work on the tenement and a priority assessment within the project area. This assessment is used to plan and execute exploration activities on the ground. The review of the previous work indicates that soil geochemistry is of limited use in the area, but vaccuum drill sampling appears to produce more consistent results. Most samples returned Au values below detection limit. Copper seems to define areas of interest and a structural trend. Bismuth is generally very low. However, Cu and Au define some geochemical anomaly on the tenement which is offset from a magnetic ridge which could be interpreted as a leakage anomaly derived from a structure associated with the magnetic ridge. Importantly, this geochemical anomaly has not been drill tested. Also an on the ground reconnaissance was conducted. Future work should involve further vaccuum drill sampling, possibly also over areas previously tested with soil sampling. The Cu-Au anomaly warrants RAB drill testing.