Annual exploration report on EL 9608 Mount Bonnie South year ending 24 May 2007

Abstract

EL 9608 is located 145km SE of Darwin, NT and 18km SE of Brocks Creek. This report covers the status of the tenement during the year ended 24 May 2007. The tenement was granted to Northern Gold NL, a subsidiary of GBS Gold Australia Pty Ltd. EL 9608 covers the Koolpin Formation meta-sediments that have been tightly folded and faulted on NW-SE axes. The Koolpin Formation has been intruded and dilated regionally by dolerite sills with a wide range of thicknesses. Cross folding has generated a domal structure in the southern most block of the tenement. This feature is a clone of the mineralised Golden Dyke Dome 4km to the west. Local exposures of Wildman Siltstone of the underlying Mt Partridge Group have been generated by the domal folding. The area is well exposed on strike ridges with scree deposits and alluvial cover in the valley floors and flanks of the ridges. During Year 3, exploration work within EL 9608 has progressed to drilling stage. Three fence lines with 6 RC drillholes were prepared and 1 drillhole was drilled for 75 metres. This campaign will lead to drilling of another 5 RC holes which is progressing. Sample retrieved during drilling have been delivered to analytical laboratory and results pending. In the following year, drilling of already planned 5 RC drill holes will take place. After data evaluation and assessment, another program of soil sampling will be carried to define more targets for drilling. Another possible program could the geophysical evaluation of the project to assist in exploration program.