Annual exploration report MCN 4346, MCN 4347 and MCN 4348, for the period ending 31 December 2005 Maud Creek Project

Abstract

The Red Queen / Chessman area will be explored in conjunction with other tenements that comprise GBS Maud Creek Project. GBS have made a commitment of around $2M for feasibility, and further exploration. Most of the effort in the past few years has centred on the Main Zone, and the Red Queen / Chessman area needs to be reviewed, and followed up with drilling and geophysics this year. Much of the background in this report (Location & Access, Tenement Status, Previous Exploration, etc) comes from reports written by J.Shaw, and his contribution is gratefully acknowledged.