Annual report for EL 8994 for the period from 8 March 2000 to 7 March 2001 Gypsy Prospect

Abstract

No ground based exploration activities were conducted over the tenement during the 8 March 2000 to 7 of March 2001 period. Difficulties getting onto the ground at EL 8994 have arisen due to sensitive access issues in other areas in the Rover Field area. The primary exploration target for this lease is an old Geopeko Ltd prospect; Explorer 142 which is currently within a large exclusion zone but there is still hope that this zone will be reduced. This reporting period has seen the exploration management of the project transfer from Normandy Tennant Creek Operations to Normandy Gold Exploration on the 30 of March 2001. This centralisation of management will result in considerable savings in operating costs.