Suplejack Project EL 26625 Annual technical report for the period 24 May 2015 to 23 May 2016

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 2 programmes of RC drilling over selected target areas. RC drilling comprised 39 holes for 3879m and generated 1206 drill samples. Drilling has delineated a significant NW-trending gold/pathfinder anomalous zone in the eastern part of the project, 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 to the SE of the anomalous zones identified in the current period, and if warranted, deeper RC and/or diamond drilling of selected target areas.