Annual exploration report for SEL 24352 'Burnside', for the period ending 29 May 2006

Abstract

SEL 24352 is the amalgamation of SEL9591 and EL 23543. The tenement is the most important and prospective of GBS's Burnside tenements, as it contains extensions to known mineralisation, and areas with prospective lithology, structure and geochemistry. Work done in the first year of tenure consisted of a review of previous work (including work done prior to the grant of SEL9591) to delineate anomalous results that require follow-up work. Due to timing constraints, planned drilling had not been carried out by the anniversary date, but will be completed well before the second anniversary date.