2005 Annual report on EL 23172 AuQuest Project Area period beginning 6 May 2004 to period ending 5 May 2005

Abstract

Renison Consolidated Mines NL was granted EL 23172 on the 6th May 2003. This report outlines exploration and expenditure undertaken during the 2004/2005 field season. Previous work in the tenement area continues to be compiled into GIS format for interpretation and target generation. Landsat TM imagery, contoured topographic maps at various scales and existing geological mapping have all assisted in interpretation of the tenement area. Several reconnaissance exploration campaigns were undertaken into the northern and central sectors of the license. Exploration of the southern sector proved difficult due to a major drainage line with standing water, access to this sector will be attempted via an east-west track from the McKinlay area during the next reporting period. Access to the northern part of the tenement is via the Marrakai Road; the central and southern area is via the Rustlers Roost/Bandicoot Mine track. Existing station tracks and fence lines provide good interior access to most of the license. Rock chip sampling of the quartz veins, some highly ferruginous, was undertaken throughout the license area south of the Marrakai Track, and also southwest and northwest of the Bandicoot Au Mine. 12 Samples were collected for fire assay analysis with the highest value being 0.75ppm Au.