Annual report on EL 29055 for the period 10 September 2012 to 9 September 2013

Abstract

EL 29055 is located in the northern part of the Pine Creek Orogen (PCO) in the Mt Bundey area. This tenement is being explored for gold, base metals and uranium mineralisation. During the reporting period, a technical review of the project area was undertaken. It involved retrieval of exploration data from open file reports, GIS entry and interpretation of geological, geochemical and geophysical data. In addition, a field trip was undertaken for ground-truthing. A technical review of the project shows that it has prospective lithology of the Wildman Siltstone, Koolpin Formation and Gerowie Tuff, which hosts significant gold, base metals and uranium mineralisation elsewhere. In the next reporting period, the company will continue geological and geophysical data interpretation. An important part of the program will be subsurface mapping to understand geological setting of the rock formations. During ground truthing, prospective part of the project area will be selected for further exploration. An important part will be geochemical sampling program which will be used to test selected part of EL prospectivity.