Mount Shoobridge Project ELR 88 Annual report for the period 19 September 2009 to 18 September 2010

Abstract

Exploration conducted on ERL 88 during the reporting period included ongoing literature reviews, a geophysical (VTEM) survey, reconnaissance rock chip sampling, GPS surveying of old drill hole collars and grid pegs and reverse circulation drilling. Drill hole 10SBRC001 intersected a graphitic quartzite with traces of pyrite throughout the holes. Anomalous gold, lead and zinc values were intersected for approximately 10m through to about 25m however the overall tenor of these values were within the range of what would be expected given the results recorded from historical exploration in the immediate area. Although two additional holes were planned to rest this VTEM anomaly it was decided to postpone these holes until the results of this initial hole were available. Furthermore 10SBRC001 was abandoned at 40m as the drill rods became stuck and it took almost a day to free them.