Annual report EL 23569 Woolgni Project NT

Abstract

EL 23569 is centred approximately 30 km SSE of Pine Creek NT. The licence is 100% owned by Tennant Creek Gold Limited and comprises an area of 161 square blocks within the Pine Creek geosyncline. The area is dominated by Proterozoic Burrell Creek Sedimentary Formation and Cullen Granite. The area has a history of gold occurrences, earlier drilling intersected, small uneconomic auriferous lodes. However there are no active mines, or economic resources located on the tenement. A small non-JORC resource of 150,000 T at 2.7 g/t Au has been previously been calculated within the Woolgni leases. Target commodities on this lease include gold, uranium, tungsten, tin and copper. Work completed upto 16 May 2005, includes literature research, geophysical interpretation, structural modeling, drafting and GIS database compilation. Future work will involve reconnaissance and geochemical sampling, based on the results of our desktop studies.