Suplejack Project EL 26625 Annual technical report for the period 24 May 2014 to 23 May 2015

Abstract

The target commodity of EL 26625 is gold. The tenement contains several prospective targets in Tanami Group basement rocks. These target areas underlie substantial thickness of Cambrian and Tertiary cover, which has largely precluded effective exploration in the past. Work carried out on the license during the reporting period included compilation and interpretation of all historical exploration and open file government data, reprocessing aeromagnetic data, geological interpretation and targeting, and reconnaissance RC drilling over selected target areas. Reconnaissance RC drilling was carried out over a 4km x 3km area over the central part of the Suplejack structural target and comprised 15 holes for 1206m and generated 349 drill samples. Drilling highlighted several gold-pathfinder anomalous zones at the interface between Cambrian basalt cover and underlying Tanami Group basement rocks. During the next 12 months planned exploration activities include follow-up reconnaissance drilling of the anomalous zones identified in the current period, and if warranted, deeper RC and or diamond drilling of selected target areas.