Fourth annual report 28 April 2009 to 27 April 2010 SEL 24980 Kestell

Abstract

SEL 24980 Kestell is a consolidation of tenure previously held by Giants Reef Exploration Pty Ltd (GRE) and Santexco Pty Ltd (San) and was acquired to search for Tennant Creek style iron oxide copper-gold deposits. Giants Reef Exploration Pty Ltd and Santexco Pty Ltd are wholly owned subsidiaries of Emmerson Resources Pty Ltd. This report records the exploration work done on SEL 24980 during the second year of tenure from the 28 April 2009 to the 27 April 2010. Previous Exploration work completed has indicated the potential for the discovery of typical Tennant Creek style gold deposits or gold-copper deposits within ironstone of the Warramunga Formation. Geological setting similarities to that of other deposits in the region, lack of detailed geophysical data and anomalous results from previous exploration work provides great encouragement for further discoveries. Emmerson is committed to continuing its aggressive exploration activities within SEL 24980 during the next reporting period with the main focus again at Pinnacles North, Trinity and Troika. Exploration to be conducted will include RAB, RC and Diamond drilling programs and additional geophysical surveys to further constrain targeting.