Annual report for EL 10223 Cornelius from 22 May 2007 to 21 May 2008 Arunta Project

Abstract

This report describes the exploration carried out from 22 May 2007 to 21 May 2008. Tanami Exploration NL completed an aircore drilling program in November 2007. One rock chip sample, which was the only sample taken within the previous reporting period, but which had not been reported in that period, is also included in this report. The one grab sample from drill cuttings of previously drilled Hole TAA0431 returned a gold assay result of 0.394ppm. The best assays were returned from CNA 0016 and 17 including maximum intercepts of 4m at 0.54 grams per tonne Au from 68m and 4m at 2.53 grams per tonne Au from 72m respectively. The location of the mineralised drillholes within a zone of previously identified mineralisation, assisted with the appraisal of the style of the gold mineralization at the Abrolhos Prospect.