EL 22856 Saddles Extended Annual report for the period 5 February 2009 to 4 February 2010

Abstract

Work undertaken for the year ending 4th February 2010 within EL 22856 targeted Frances Creek style hydrothermal haematite mineralisation and comprised: Forty RC holes drilled in the Saddles Extended deposit, for 2,310 metres, which intercepted various intercepts of iron mineralisation at varying iron and phosphorous grades. Generally, Saddles Extended is a high phosphorous goethitic hematite deposit; Associated Aboriginal Heritage work was conducted over the proposed work areas prior to ground disturbance; and A Resource model was generated using the available drill hole data, and this was classified at a pre-JORC confidence level.