Fifth annual report EL 24932 Frazer North for the reporting period 17 July 2010 to 16 July 2011

Abstract

Work carried out on EL 24932 during Year 5 has comprised a low level airborne magnetic and radiometric survey and its interpretation, and RAB drilling of 56 vertical holes for 1529 metres and geochemical analysis of 6m composite samples for a suite of base and precious metals. The airborne radiometric survey confirmed the presence and location of the regional uranium anomalies. No significant drill intersections for uranium were recorded. Anomalous lead and zinc assays were noted along the western contact of the Whites Formation in a similar stratigraphic position to the Acacia South base metal prospect to the south.