Annual technical report EL 23639 Kiana Project for the period 5 March 2003 to 4 March 2004

Abstract

A review of past exploration on EL 23639 (Kiana Project) covering about 529 km2 on the Wallhallow 1:250,000 in the southern section of the McArthur River Basin identified prospectivity for diamond and base-metal mineralization. Diamond indicator minerals (chromite and micro-diamonds) are reported from drainages in Palaeoproterozoic folded and lightly metamorphosed rocks in the west of the tenement and less deformed Cambrian rocks overlying a Palaeoproterozoic basement in the east. In addition, four copper occurrences in Palaeoproterozoic rocks adjacent to major faults structures in the western section of EL 23639 indicate potential for replacement-style base-metal mineralization. A programme of follow-up exploration is planned for 2004 as outlined herein.