Combined annual report for the period 1 November 2008 to 31 October 2009, covering Mining Tenements ML 24727, ML 25087, ML 25088, ML 25152, and ML 25396

Abstract

The reporting group of tenements ML 24727, ML 25087, ML 25088, ML 25152, and ML 25396 overlies a significant number of the ore deposits at Frances Creek, and as such significant work was carried-out on the tenements during the 2008 - 2009 reporting period. The tenements are located 220km south of Darwin, and 23km north of Pine Creek. The lithology is comprised of Palaeoproterozoic sedimentary rocks that have been folded and metamorphosed to green schist facies. Mineralisation is restricted to a narrow brecciated zone that runs above and sub-parallel to the Lower Wildman Formation footwall. Work included: 547 Reverse Circulation holes were drilled for a total of 33,023 metres; Extensive Aboriginal Heritage work over areas within the tenement likely to be disturbed by either Exploration or Mining; Resource models were completed by Territory Resources personnel for Helene 5, Helene 6/7, Jasmine Central, Thelma Rosemary, Saddles East, and Saddles Extended; Selected samples were assayed for base metals, with anomalous values for Zinc recorded at Helene 11.