Annual and Final report EL 7150 Talbot South from 6 November 1997 to 18 October 2010

Abstract

EL 7150 was granted on 6 November 1997. On 30 March 2010 EL 7150 South Talbot was purchased by Tanami NT Pty Ltd (TNT), a wholly owned subsidiary of Tanami Gold NL, from Australian Tenement Holdings Pty Ltd (ATH), a wholly owned subsidiary of Newmont Asia Pacific. EL 7150 is situated some 42 km northeast of the Tanami Mine. In the last year of tenure no field activities took place due to the change in ownership. Exploration during the 13 years of tenure consisted mainly of geophysical surveys, surface sampling AC, VAC and RAB drilling. Due to the relatively complex and large volume of data handed over with the purchase of the tenement in March 2010 the integration of the new data focused first on the drillhole data. The surface sampling data had not been processed at the time of writing this report. Of the previous annual reports were four available, which are digitally appended. During the 13 years period of tenure exploration activities identified six prospective areas and the Groundrush area. The Groundrush prospect area was separately covered in 2001 by Mineral Lease 22934. The surface sampling programs and geophysical surveys generated drill targets which were tested on a regional scale up to a degree that warrants further exploration. The best gold assay value of 2.653ppm was returned from RAB hole SKRB0055, which is located in the Skysurf prospect area.