Third annual report over the Mount Wells Gold Project EL 27567

Abstract

Work during this term included literature searches and data base compilation. Open file company reports were obtained from the Northern Territory Geological Survey and a review of past exploration data and geological concepts undertaken. The targeting was undertaken at a high level to identify areas of interest that stand out in the regional re-interpreted geophysical data. Historical prospects were reviewed to determine the effectiveness of the previous exploration and evaluate remaining potential within the Exploration Licence area. On the 17th June 2013, a total of 40 percent of the tenement was relinquished based upon more favorable geochemical and magnetic targets within Exploration Licence area.