EL 28843 Helen Springs Project Annual Report for period 2 March 2012 to 1 March 2013

Abstract

A total of 18 RC holes (630m) were drilled on EL 28843 during the reporting period. The 2012 RC drilling program at Helen Springs Prospect, testing anomalies outlined in the 2011 Gradient Array IP ground survey and infill drilling adjacent to earlier RC drill intersections, met with limited success. Infill drilling of the main north-south GAIP anomaly located between 7960800mN and 7960900mN confirms a narrow, steeply dipping moderate grade north-south striking manganese pod extending to a maximum depth of around 20m, with a strike length of less than 100m. Best intersections include 9m at 24.8 percent Mn (from 1m), 3m at 35.5 percent Mn (from 6m), 2m at 23.7 percent Mn (from 9m) and 2m at 24.1 percent Mn (from 15m). Weaker north-south anomalies at 7960500mN and 796300mN returned only near surface manganiferous gravels with a best intersection of 2m at 15.8 percent Mn (from surface).