Annual Report White Lady Project EL 25169 for the period 6 November 2006 to 5 November 2007

Abstract

Exploration activities on the project within the reporting period initially consisted of acquisition, analysis and re-imaging of open file and public domain geophysical data, acquisition of topographic map data, reconnaissance sampling of previous prospect areas and reconnaissance surveying of outcrop with a hand-held spectrometer. In mid October 2007 a helicopter borne aerial Electromagnetic (EM) geophysical survey was conducted. Very positive preliminary results have been received, with three primary (coil) conductors found on the lease, surprisingly dominantly distal to the areas of positive rockchip analyses. Anomalies from the integration of the signal will be forthcoming early in the next reporting period but are expected to also be very positive.