EL 28170 Tobermorey Annual report 5 April 2014 to 4 April 2015

Abstract

Krucible has completed surface geochemical programmes on the EL since grant in 2011. During reporting period Krucible exploration has focused on the Elstone prospect and has included an aeromagnetic-radiometric survey including processing and modelling, 12 RC percussion drill holes and geochemical sampling programmes. Krucible subsequently determined the geochemical samples collected were in a non-prospective environment and the samples were not assayed by a laboratory. Krucible analysed 16 samples from hole 14TYRC-8 selected from logged copper mineralised intersections. These samples were sent to ALS in Townsville and analysed by methods Au-AA22 for gold and ME-MS41 for the full suite of elements. The maximum intersection in hole 14TYRC-8 was 3m at 0.1 percent copper from 61m logged as quartz veining in a shale unit. Krucible has determined there are no prospective indications of mineralisation from the drilling and no further analysis on the drill holes is planned.