Combined annual report for the period 25 February 2009 to 24 February 2010 covering Exploration Tenements AN 389, EL10137 and EL 22270

Abstract

The reporting group of tenements AN 389, EL 10137, and EL 22270, during the reporting period 25 February 2009 to 24 February 2010. The activities on the tenements consisted of: Re-interpretation and targeting using existing aeromagnetic and aero-radiometric surveys; Ground truthing identified geophysical targets; Heritage surveys over areas likely to be disturbed during drilling and access to drilling areas; Drilling two targets, one on AN 389 (2 reverse circulation drill holes, 72 metres total); and EL 22270 (2 reverse circulation drill holes, 102 metres total); Logging, assaying, and sampling of a total of 174 metres reverse circulation drilling. Unfortunately, the drilling yielded no occurrences of iron or manganese mineralisation and the targets were abandoned after drilling two test holes in each.