Annual report 2010-2011 EL 25436 - Mavis Tin Mine

Abstract

EL 25436 comprises two Blocks (6.68 sq kms) North West of Mt Wells on Ban Ban Springs Station. Spundaily has undertaken considerable remedial work on the track during the three years of the Lease. There are five creek crossings and each wet season these need considerable repair work. There is also a black soil plain. Each wet season the track is impassable between about November and June, leaving a window of approx 5 - 6 months to carry out work. The area is also heavily grassed and exploration work is dependant to some extent on whatever hazard reduction burning is carried out by the Pastoral Company. Through exploration work Spundaily has confirmed the site as a previously unrecorded gold deposit. In consultation with a geologist Spundaily carried out a one hundred metre grid sampling programme over the most highly prospective area. Spundaily has applied for and has been granted a waiver of reduction for 2011 / 2012, retaining both blocks. IsMins has acquired the rights to EL 25399 which adjoins the northern boundary of EL 25436 as well as having a farm-in agreement over EL 25436.