EL 25643 Mount Isabel and EL 25653 Acacia Bore Sammy JV Project Annual technical report for the period 20 August 2010 to 19 August 2011

Abstract

Work completed over the tenement area during the reporting period included the following: 164 Aircore drill holes for 2,915 m; 2 RC holes for 320 m; 133 rock chip samples; Geological mapping; 870 soil samples; Ground gravity survey; VTEM Survey: 110 line kilometres of data was collected; and 2 drillholes were surveyed for DHEM. Work completed during the year identified anomalous gold in rockchip and shallow aircore drilling at the Percy Prospect that requires further work. RC Drilling of two offhole conductors at the Kevin Darling Prospect did not intersect anything obviously conductive. Geological mapping on EL 25643 identified extensive hematite - silica altered granites with elevated copper to 500ppm. A 400m x 400m gravity and soil sampling program on the tenement identified coincident gravity and Cu anomalies. These will be followed up in the next year of tenure.