Final report for EL9472 'Gilbert', 13 May 1996 to 28 April 2006

Abstract

This Final Report records exploration work done on EL 9472 between 13 May 1996 and 28 April 2006. EL 9472 Gilbert was acquired by Giants Reef Exploration Pty Ltd (Giants Reef) to search for magnetite-haematite ironstone related gold and copper mineralisation. Work completed in EL 9472 was restricted to geophysical surveys, reviewing and modelling of these geophysical surveys and the produced data. RC drilling was carried out at the Black Angle deposit in MLC 559 which is located within EL 9472. Geophysical consultant Resource Potentials Pty Ltd reviewed EM data (PosGold/Normandy, 2000) over the White Devil deposit with the aim of assessing its usefulness in mapping out shear zone structures, potential for the extension of these into EL 9472 and also the potential application of this technique to other areas in the Tennant Creek Field. Gravity data over White Devil was also reviewed to assess its applicability to EL 9472. The discovery of the haematite-magnetite Chariot deposit in 1998 has shown the potential for variations on the classic magnetite ironstone hosted gold +/- copper deposits, where lower order magnetic anomalies, plus gravity methods can define new targets. Discoveries by Giants Reef of mineralisation such as at Malbec West, Marathon and Billy Boy further support this. Automatic cancellation of EL 9472 occurred on 28 April 2006 upon the grant of Substitute Exploration Licence 24979.