Fourth annual report over the Mount Wells Gold Project EL 27567

Abstract

During April 2013 consulting geologists Kastellco Geological Consultancy conducted a review of existing historical exploration data within the Northern Territory Geological Survey Database. This was conducted for over the Project area to identify any potential for base metal-gold. On the 17th June 2013, a total of 40 percent of the tenement was relinquished based upon more favourable geochemical and magnetic targets within the Exploration Licence area. EL 27567 represents a green-fields exploration play for principally gold-base metal deposits and potentially uranium of varying genetic styles. The exploration concepts based on specific geological criteria considered as important for controlling the localisation and upgrading of gold mineralisation hosted with structural controlled features.