Annual report Year 2 EL 25580 16 March 2008 to 15 March 2009

Abstract

Previous exploration has included several wide spaced geophysical surveys by CRA and BHP and stream and loam sampling by CRA and Ashton Mining. Chromites and microdiamonds were recovered in loam samples in the north-eastern part of the licence and a single microdiamond was recovered in a stream sample in Spellesie Creek. Airborne surveys have been completed including electromagnetic, magnetic and gravity that have identified numerous kimberlite-type anomalies. Three anomalies were drilled that did not intersect kimberlite. Many of the anomalies were attributed to Proterozoic inliers within the younger limestone, however many anomalies remain that have not been adequately tested. Field work completed during the reporting period included geological reconnaissance of historic positive sample sites and the collection of 7 loam samples.