Annual report on EL 29055 for the period 10 September 2013 to 9 September 2014

Abstract

During the reporting period, an appraisal of the project area was undertaken. It involved interpretation of available geological, geochemical and geophysical data, along with GIS data entry. In addition, a field trip was undertaken for ground-truthing. Appraisal of the project area demonstrated that folded and faulted Palaeoproterozoic rocks are the fertile host for gold, base metals, uranium and iron ore mineralisation. It is recommended that a dedicated exploration program should be undertaken which involve high resolution geophysical survey, subsurface mapping, geochemical sampling added by aircore drilling. If interpretation of these data defines exploration targets, those should be tested with RC-diamond drilling.