Annual combined report (GR204-11) on EL 25868, EL 27364 and EL 27365, for the year ending 11 January 2012

Abstract

During the reporting period, data capture, data interpretation, geological mapping, ground-truthing, soil-rock chip sampling and gravity survey of the project area was undertaken in order to define drill targets for testing. Gravity survey helped to understand subsurface structures and identified significant mineral potential of the project area. During soil survey program, a total of 220 samples were taken which were assayed for Au, Pt, Pd, Ag, As, Pb, Mo, Bi, Cu and Zn. Processing of assay data identified a base metal anomaly which will be tested in the next reporting period. Appraisal of geological and geophysical data identified mineral potential of the project area. In the next reporting period, selected areas will be mapped in detail and radiometric anomalies identified from airborne geophysical survey will go through ground-checking along with ground geophysical survey. This is will be complimented with soil/rock chip sampling program. If encouraging results received, then targets will be tested with RC drilling.