Annual report for EL 28015 for period 2 December 2010 to 1 December 2011

Abstract

Exploration Licence 28015 is located approximately 50km NE of Pine Creek and approximately 200 SE of Darwin. EL 28015 was granted on 2nd December, 2010 to Mr Anthony Wright for a period of six (6) years. This tenement, along with ELs 27820 and 27137 form the target area for this project. During the year, an in-depth review of exploration data gathered so far, was undertaken. Based on previous exploration programs, a number of gold occurrences have been noted in and around the project area. A technical review of the exploration data suggests that EL 28015 has potential for gold and iron mineralisation, which will be tested by further exploration programs.