EL 10203 White Hill Bore Fourth annual report 17 June 2004 to 16 June 2005

Abstract

Exploration Licence 10203 White Hill Bore, is located 18 km northeast of Tennant Creek. The Licence was acquired by Giants Reef Exploration Pty Ltd (Giants Reef) to follow up on information received from the CSIRO concerning samples of groundwater taken in 1988 from a cattle station water bore in the area (White Hill Bore) that were highly anomalous for gold. An assessment of the White Hill target during the year concluded that there was not sufficient encouragement to support the proposed drilling programme which was aimed at testing the granites in the vicinity of the White Hill Bore. The assessment did however highlight a moderate magnetic anomaly (Anomaly A) which warrants further investigation and geophysical modeling.