2010 Annual mineral exploration report Borroloola Project MLN 624, 1 January 2010 to 31 December 2010

Abstract

MLN 624 makes up part of Sandfire Resources's Borroloola Project, of 15 granted tenements, and seven applications, as at 17 February 2011. Exploration on MLN 624 continues an integrated exploration program for base metals along the Coppermine Creek Fault Zone which began in 2004 on EL 10121, and continues on current SEL 26938. A comprehensive summary is presented in the 2008 Annual Report. No field activities were undertaken on MLN 624 during the period from 1 January to 31 December 2010. As a requirement for the 2010 Mine Management Plan, a review of previous Sandfire Resources's drill hole site pads and access tracks were visited, rehabilitated if necessary, and photographed. This entailed the inspection and rehabilitation of the access tracks from the Nathan River Road westwards to BRCD1, and through to the diamond drillhole site for BD12, as shown on the Exploration Index, Figure 1. In the ensuing year, it is proposed to engage consultant geophysicists to carry further processing and modelling of the 2008 GEOTECH Airborne VTEM survey along the length of the Coppermine Creek Fault Zone, with the view to recommending priority drillhole targets. Of the 7.05km length of the steeply dipping fault, 550 metres transects MLN 624. Three N-S lines of the VTEM survey cross the tenement.