Fourth annual report on EL 25313 from 30 May 2010 to 30 September 2011 and EL 28006 and EL 28007 from 2 November 2010 to 30 September 2011 Caranbirini, McArthur River Project

Abstract

Exploration in the fourth year of tenure carried out by Brumby consisted of a VTEM survey covering all three tenements, a data review including previous exploration and regional geological data and drill planning Interpretation of the VTEM survey identified eleven targets for McArthur River Pb-Zn-Ag style mineralisation. The most promising target is Target 1, where the conductor is approximately 1,200 m long by 1,000 m wide. After modelling of the geophysical anomalies it is planned to test anomaly T1 with 2 deep diamond holes (ca 300m) and anomalies T3 and T4 with RC/Aircore to a depth of 100m.