Chilling Project EL 23682, EL 25076, EL 25077, EL 25078 Annual report for the period 18 September 2006 to 17 September 2007

Abstract

Exploration conducted on the project area over the past year includes: Literature research of previous exploration, geological survey and geophysical survey over the project area and surrounding distric; data compilation; planning for upcoming field program; reconnaissance traverses of existing roads to identify existing access to and around the project area; grid based Total Count surveys with a scintillometer; grid based geological mapping; collection of rock samples; analysis of rock samples using low level scans for 40 elements, 9 oxides and 4 lead isotopes; detailed ground based radiometric surveys using a spectrometer mounted on an ATV and / or man ported; airborne geophysical surveys including radiometrics and magnetics; processing and interpretation of results; re-assessment of project aims and directions; and planning of additional fieldwork. In addition contacts were made with other stakeholders in the area for introduction purposes. Work completed during the past year indicates that both prospects (MEMA and Eccles) have strong radiometric anomalies associated with them. Furthermore at MEMA the presence of metatorbernite was observed in both granite and sandstone with samples returning U analyses of 658 ppm and 452 ppm respectively. The conclusion from the exploration completed to date is that the Chilling Project is prospective to varying degrees for uranium, gold and tin. The results of the airborne radiometric survey will be used next year to assist in effectively targeting exploration efforts for uranium mineralization.