Lake Woods EL 28199 Third annual report for the period 29 April 2013 to 28 April 2014

Abstract

During the period Crossland completed 1589 line kilometres airborne magnetic, radiometric and digital terrain survey. The geology and economic potential of the package of licences held by Crossland since 2004 has been studied in some detail. The most encouraging discovery is the unusual suite of microdiamonds by both Crossland and the Ashton JV. Following interpretation of the newly acquired airborne data, Crossland's geophysical consultant, has recommended close spaced ground magnetic surveys be completed over 5 target areas. The targets have been identified as a possible source(s) for the micro diamonds. Following completion of ground surveys, additional surveys and or drilling may be warranted.