Fourth annual report for EL 10139 SW Pargee for the year ending 16 October 2006

Abstract

EL 10139 'SW Pargee' is centred approximately 660 kilometres northwest of Alice Springs in the Tanami Region, Northern Territory. The tenement was granted to Tanami Exploration NL (TENL), a wholly owned subsidiary of Tanami Gold NL (TGNL) on 17 October 2002 and formed part of the Tanami (NT) JV, a Joint Venture agreement between Tanami Gold NL (TGNL) and Barrick Gold of Australia Limited (BGAL) from 2002 to 30 June 2004. This report describes exploration by TENL for the period 17 October 2005 to 16 October 2006. Exploration during the year included geochemical sampling and geological assessment. A total of 8 lag samples were taken as part of the lag program testing the trend of the Nero prospect within the Coyote triangle in Western Australia. No significant results were received. An additional 10 rock chip samples were taken as follow-up work in the area.