Annual report for EL 10370 Barkly for the period 20 March 2004 to 19 March 2005

Abstract

Exploration during the fourth year included a literature search, reconnaissance, outcrop mapping, geophysical assessment of recent aeromagnetic and gravity information, and ground magnetics and gravity over the Perseverance, Bluebird and Flag prospects in the southern half of the tenement. A magnetic target was noted in the Explorer 16 and Explorer 66 area in the southern part of EL 10370. This anomaly also offers a chance for the discovery of a typical tenant creek type of Au-Cu-Bi orebodies, but its potential for other styles of major base metals/precious metals deposits is under review.