Bridging report EL 23173 Mount Bundy Project 19 September 2010 to 15 December 2010

Abstract

During the reporting period, anomalous results from soil sampling was followed up by 504m of RC drilling. Preliminary results from field tests using a Niton hand-held XFR returned base metal values in order of 100-400ppm from hole MBRC043. Hole MBRC045 returned an infield value of 1113ppm Zn over a 1m intersection of black shale. During the next 2010-2011 reporting period, exploration activities for EL 23174 will include a thorough review of all regional and local scale geophysical data. There will also be a review of all the regional exploration work completed by JV partner Rum Jungle. This will include follow up work on geochemical sampling from Rum Jungle drilling, exploring for copper/gold mineralisation.