Second annual report for EL 10139 for year ending 16 October 2004

Abstract

Exploration Licence 10139 'SW Pargee' is centred approximately 660 kilometres northwest of Alice Springs in the Tanami Region, Northern Territory . The tenement was granted to Tanami Exploration NL (TENL), a wholly owned subsidiary of Tanami Gold NL (TGNL) on 17 October 2002 and formed part of the Tanami (NT) JV, a Joint Venture agreement between Tanami Gold NL (TGNL) and Barrick Gold of Australia Limited (BGAL) from 2002 to 30 June 2004. This report describes exploration by BGAL and TENL for the period 1 January 2004 to 16 October 2004. Work by BGAL consisted of a detailed data compilation and interpretation, while TENL carried out an assessment of BGAL's work and further exploration potential in conjunction with TENL?s Western Tanami Project, which includes the Coyote, Kookaburra and Sandpiper deposits.