EL 23845 Second annual report 4 November 2004 to 3 November 2005

Abstract

Exploration licence is located 20 kms east of Tennant Creek Township and wholly owned by Sitzler Savage Pty Ltd comprising four graticular blocks. This report records the exploration carried out by the licensees during the reporting period. Most of the past exploration efforts did not focus on the area covered by EL 23845. The nearest detailed work in the late eighties was mapping, sampling and drilling conducted over the Red Terror and EX 199 prospects about a kilometre from EL 23845. Recent analyses of regional geophysics and geological mapping however, shows potential for gold and base metal mineralisation and further exploration is justified to test this potential.