Harts Range Project EL 25451 and EL 25453 Annual technical report for period 22 March 2011 to 21 March 2012

Abstract

This report summarises work completed on Mithril Resources Harts Range Project (EL 25451 and EL 25453) for the year ending the 21 March 2012. The project area is located approximately 180 km northeast of Alice Springs, south of the Plenty Highway and straddles the Huckitta and Illogwa Creek 250,000-scale map sheets. Significant work was completed during the reporting period and included aircore drilling (110 holes for 1572m), RC percussion drilling (8 holes for 494m), airborne geophysical surveys (VTEM - 170sqkm and magnetics - 45sqkm, ground geophysical surveys (EM - 1.8 line km), geological mapping and surface geochemical sampling (50 rockchip samples). Results from this work were largely disappointing, however a number of targets remain to be assessed. A review of all data collected on the project is currently underway and further exploration activities are being planned.