Annual exploration report SEL 25054 period ending 17 April 2008 Maud Creek Project NT

Abstract

During the reporting period, a peripheral review of the tenement was undertaken together with reconnaissance visit of the area. This activity identified the potential of the area for gold mineralisation similar to that adjacent Maud Creek gold deposit. In the following year, exploration work will involve ground-truthing, infill soil or rock chip sampling and some exploratory RAB/RC drilling. The basic model for exploration within the tenement will be to investigate areas that contain anomalous breccia zones similar to that of Maud Creek in the hope of finding a repetition of this type of deposit.