First annual report over the Mount Hardy base metals-silver project

Abstract

The Mt Hardy project is located approximately 300km north-west of Alice Springs in Northern Territory. The project comprises one Exploration Licence (EL 27892) which covers a total area of 101.8 km2. During January 2011 consulting geologists Kastellco Geological Consultancy conducted a review of existing historical exploration data within the Northern Territory Geological Survey Database. This was conducted for all the Project areas to identify any high potential base metal and uranium exploration targets and resulted in the identification of several targets that warrant further work. The targeting was undertaken at a high level to identify areas of interest that stand out in the regional re-interpreted geophysical data. Historical prospects were reviewed to determine the effectiveness of the previous exploration and evaluate remaining potential within the Exploration Licence area. On a regional basis the Mt Hardy tenement is located in the highly prospective Arunta Mineral Field. Through detail interpretation of airborne magnetic from the Northern Territory Geological Survey.