First annual report 22 May 2009 to 21 May 2010 EL 27086 Stretlaw Block

Abstract

During the reporting term Emmerson focused heavily on exploration of the Trinity anomaly in various regions, with the aim of understanding the Trinity anomalies geological setting, mineralisation and any economic potential and therefore its application to EL 27086. Exploration work completed over the Trinity Anomaly has revealed a very complex geological setting which requires much more exploration to fully understand the anomaly and its economic implications. Hence a great deal of further exploration of the Trinity Anomaly is required prior to any conclusions and implications being applied to the portion of the Trinity Anomaly located within EL 27086. Emmerson has already spent in excess of $3.5M exploring SEL 24980, which is the overlying tenure of the majority of the Trinity Anomaly. Emmerson will further explore the Trinity Anomaly over the next reporting period with the aim of further understanding the complex geological setting, mineralisation and its economic potential, and hence its implications for EL 27086. As exploration activities conducted on EL 27086 were desktop based and any field activity was confined to reconnaissance trips and mapping no rehabilitation was required.