Annual report on EL 25208 Suplejack Gap to 10 January 2008

Abstract

Suplejack Pty Ltd was granted EL 25208 on January 10 2007 October 2004. This report covers work done in the period 10 January 2007 to 10 January 2008. The tenement is located in the Tanami Desert, approximately 650 km northwest of Alice Springs. Access is by the Tanami Road and the Tanami-Lajumanu road to Suplejack Downs station. Access to the tenement is affected by the monsoonal climate with road access restricted during and after the wet season. The tenement is wholly contained within Suplejack Downs station. Previous explorers on the tenement area have been MJ Kidd and various partnerships and JV's between Kidd and P Messenger, Dominion Gold, Acacia Resources and AngloGold. In excess of $5 million had been spent by previous explorers on the region, which resulted in identification of a small resource at Tregony on EL 23454, delineation of a major zone of gold occurrences and identification of a series of untested targets with potential for structurally controlled gold deposits similar to the Groundrush deposit. A substantial regional database also exists for the tenements, which has been used to assist in reinterpretation of potential on EL 25208. Geology is partly equivalent in age with host sequences for the gold deposits at Tanami. Major D5 age structures are thought to control the majority of gold deposits in the Tanami region and major structures of the same age control gold mineralisation within and adjacent to the tenement. Current work carried out by Suplejack Pty Ltd has been ongoing review of previous data, identification of major mineralised structures on EL 23454 not targeted by previous exploration which continue into EL 25208 and seeking permission from the CLC to work on the tenement. Due to lack of progress with the CLC a heritage survey was commissioned via the AAPA who have carried out the survey however they have not yet delivered their report.