EL 27380 Annual report for the period 9 March 2012 to 8 March 2013

Abstract

During the reporting period, the following work was undertaken by Woodleigh and TIPL: Continued alluvial sampling for gold and-or tin. This comprised screening, gravity concentration, crushing and grinding of selected oversize material. The concentrate from these samples were examined under a hand held microscope for visible gold and-or tin particles. A quantity of Iron was also observed but both the tin and iron were disregarded as being of no particular interest due to their low grade; An assessment of practical treatment methods for the alluvial gold was undertaken; Rehabilitation of the sample sites and track repairs was also carried out; Preliminary investigations and background study into iron and manganese potential within the Masson Formation. The Masson Formation is considered to be mildly prospective for iron ore. The results from work carried out by Woodleigh were considered a little disappointing as it had previously been considered that this area would be better than this, although, a small a small nugget of approx. 0.2gm was obtained from one of the samples from the north side of the creek. However, EL 27380 is still considered to hold good potential for a workable alluvial deposit in addition to the possibility of a hard-rock gold resource being located. Woodleigh Nominees PL recommends to take 2 bulk samples of approx. 1000cubic metres each, one from near Francis Creek and the other from east of the Francis Creek Gold mine. This work will be dependent on the availability of a suitable treatment facility and the required approvals being obtained from the Department. TIPL concludes that the Masson Formation holds some prospectivity for iron ore mineralisation and recommends undertaking a detailed literature research and review of all existing data held by NTGS in open file (in regards to iron and manganese potential). This will be followed by reconnaissance site visit(s) to the tenement for on-ground evaluation, with rock-chip samples likely to be taken.