Annual report GR266 EL 10043 and EL 10167 Frances Maud Project for the period 5 September 2014 to 4 September 2015

Abstract

During the year under review, 4 RC holes were drilled in EL 10043 for a total 464 meters. A total of 70 drill chip samples were assayed for gold and base metals mineralisation. In addition, ground truthing was undertaken to inspect possible exploration targets for further field-testing. The Frances Maud project underlies mainly prospective Palaeoproterozoic rocks of the Masson which contain significant base metal and uranium mineralisation in the east of the project area. Faulted and folded rocks within the Allamber Embayment that are intruded by granites, offer good exploration targets. Drilling undertaken during the reporting period have produced encouraging results therefore more work in recommended for the next period including downhole geophysical survey to further investigate possible off-hole conductors. If downhole survey successfully targets more conductors more drilling will be undertaken.