Annual Report on MCN 632 for the period 31 December 2010 to 30 December 2011

Abstract

During the year under review, appraisal of available geological data was undertaken, along with detailed geological mapping, conducted by consultant geologists. The main aim of detailed geological and structural mapping was to understand geological and structural setting of gold, uranium and base metals mineralisation in the area. This involved incorporation of remote sensing imagery, high resolution geophysical data, photo-geological interpretation and mapping of the structural setting of the project area. Geological, structural and geophysical data of the project area has highlighted the mineral potential of the project area. Although, alluvial mining exhausted gold in the project area, but alluvial potential of unconsolidated material still exits. It is suggested that bulk sample of auriferous gravel be tested for the presence of gold mineralisation. It is proposed that company should undertake drilling campaign, penetrating into the bed rock geology. Drill chip samples taken should be assayed for gold, uranium and base metal mineralisation.