EL 24045 Frances Creek South Annual report 19 August 2010 to 18 August 2011

Abstract

Activities on EL 24045 during the reporting year consisted of: Ground gravity geophysical surveying: this tenement was part of a larger geophysical review that re-interpreted all the historical and recent geophysical survey data available in the Frances Creek region over Territory Resource Ltd's tenement holdings. Geophysical targets for iron mineralization were identified within EL 24045; Rock chip sampling; Geological mapping activities by independent contractor. Proposed work during the coming twelve months is to fully evaluate the potential on the Wildman Sandstone Formation south of the historical Helene 10 open cut to the contact with the intrusive Allamber Springs Granite, and the potential of iron or manganese mineralisation within the Koolpin Formation.