EL 23119 Karawa Foelsche Project Final technical report for the period 3 March 2003 to 2 March 2011

Abstract

This final report describes exploration activities conducted on the EL 23119 from its grant on 3 March 2003 to its expiry on 2 March 2011. EL 23119 was granted to the Astro Diamond Mines Limited. Astro placed it in its Foelsche Project, a component of a large Calvert Hills Project, and carried out initial phase of exploration in three stages. During the first stage, Astro acquired all relevant geological information comprising historical exploration data and publically available government geophysical and geochemical data. During the second stage, information received was thoroughly evaluated to generate targets and structuring of exploration program. During the third stage, identified targets were geophysically mapped by airborne EM and ground gravity surveys. The aim of exploration was to explore for commercial source of diamonds. In 2006, Legend International Holdings Inc was appointed to manage the Calvert Hills Project. In the following year, i.e.in 2007, Legend became owner and operator of EL 23119 and continued with the planned exploration work until its surrender on 2 March 2011. During Legend's ownership, tenement remained part of Foelsche in the Calvert Hills Project for 2006 to2010 period, but in 2010-2011, the Foelsche Project was renamed as 'Karawa Project'. Legend conducted HMA sampling, whole rock geochemical analysis programs and drilling targeting kimberlites. During exploration three consultants, a geophysicist, a photogeologist and a mineralogist, were engaged to provide professional input to the company's acquired exploration data.