Annual technical report EL 28853 No. 1 Tank Year 2 6 February 2013 to 5 February 2014

Abstract

The EL 28553 'No. 1 Tank' licence area is comprised of thirteen (13) graticular blocks and straddles the West Bore Schist Zone. The licence area contains a series of faulted blocks, fragmented by merging West Bore Shear Zone and Cadney Fault zone regional structural trends (deemed mantle tapping structures). The company undertook a detailed review and compilation of historical exploration data as part of a broader province wide IOCG exploration program. Planning is underway for the completion of surface geochemical sampling programs, including the extension of existing sample grids and infill sampling, as well as regional geophysical data acquisition. The potential for high fluid flow through the licence area, combined with the presence of known copper and uranium mineralisation nearby, indicate good prospectivity for copper, uranium, gold and iron-oxide copper-gold (IOCG) mineralisation within the tenure (and project area), potentially hosted within retrograde biotite/chlorite shear zones traversing the Hillsoak Bore metamorphic gneisses.