Annual report Warrego North Project EL 23764 reporting period 26 November 2007 to 25 November 2008

Abstract

EL 23764 is situated 7 km north and 25 km northwest of the Warrego mine and consists of 23 sub-blocks with an annual expenditure commitment of $32,800. Since 2003, Meteoric Resources NL carried out literature and data searches of historical exploration carried out by other companies. A number of prospective corridors are identified from the aeromagnetic data. In April 2008 airborne magnetic and gravity data were reprocessed and orientation geochemical sampling was carried out to validate the historical geochemistry. A total of 948 samples comprising 139 rock chip and 809 soil samples were collected and assayed at ALS Chemex, 32 Shand Street, Stafford, Brisbane, Queensland 4053. The -2 mm soil samples were crushed to -6 mm, put through an aqua regia digest and then analysed for trace level Au by ICP-MS (lab code Au-TL43) and for As, Bi, Ca, Cu, Fe, Sb, and U by ICP-AES (lab code (ME-ICP43). Results were encouraging with gold values in rock chip samples of up to 1310 ppb; most soil samples had below detection levels of gold. A radiometric survey was carried out over tenements in the area.