Bridging report to cover activities over MLC 18 West Gibbet for the period 31 December 2004 to 28 September 2009

Abstract

MLC 18, West Gibbet, was acquired by Santexco Pty Ltd (Santexco) to search for Tennant Creek style iron oxide copper-gold deposits. This bridging report records the exploration work done on this tenement during the term 31 December 2004 to 28 September 2009. Exploration drilling was conducted in MLC 18, all contained within EL 23284. This exploration drilling targeted the West Gibbet Prospect. 25 Reverse Circulation (RC) holes (WGRC024 - 048) were drilled by Gomex Drilling, between 16 April 2008 and 11 July 2008, for a total of 3,804m. Emmerson commenced its aggressive exploration strategy, which included the completion of a detailed ground gravity survey, airborne geophysical surveys and structural modelling conducted by the Centre for Exploration Targeting (CET) and arm of the University of Western Australia (UWA), with the aim of generating targets for further exploration and drill testing before relinquishing any of the current tenure. MLC 18 was included in the area covered by the ground gravity geophysical survey and interpretation and analysis of the captured data has commenced and will continue during the next tenure term.