EL 27875 First annual report period 27 April 2010 to 26 April 2011 Green Alligator Project

Abstract

EL 27875 is located approximately 90kms south of Darwin, west of the Stuart Highway, mainly south of the Crater Lake Rd turnoff. Korab Resources acquired this tenement as it is underlain in part by the Mount Deane Volcanic Member which on nearby tenements has been shown to have anomalous nickel mineralisation. The Mount Deane Volcanic Member of the Wildman Siltstone is known to be present from NTGS mapping at one location. In addition that same stratigraphic unit may be present at several other locations within EL 27875 on the evidence from contiguous Korab tenements. Previous explorers' success at the Glen Luckie and White Bomb prospects to the west of EL 27875 warrant further examination as their stratigaphy trends into EL 27875.