Annual Report (including a bridging report component) to cover exploration activities over MCC 315, 1 January 2001 to 31 December 2011

Abstract

Exploration work conducted during the reporting period included RAB drilling conducted by Giants Reef Exploration, during January 2005. Seven angled RAB holes were drilled for a total of 417 meters. These holes were drilled on the projected up dip component of a shear zone along strike from Orlando. Whilst some anomalous base metal zones have been intersected, no significant gold mineralisation has been intersected. One of these holes (PGRB20) targeted the up-plunge component of the main ironstone body, and although the drillhole intersected ironstone, it was not gold anomalous. Emmerson re-ranked Pigale as prospective and conducted RC drilling, 2 RC holes (PGRC010 and 011) totalling 550m, these fall outside of the MCC (within EL 23183) but were directed at the anomaly within the MCC 315.