First Annual Report for the period 4 November 2011 to 31 September 2012 Bullion Project

Abstract

The Bullion project consists of a single exploration licence EL 28615, located 280km north of Alice Springs. Bowgan Minerals Limited is the current operator of the Bullion project. Exploration is currently aimed at identification of potential occurrence of economic base metal, silver and gold mineralisation within metasediments of the Proterozoic Hatches Creek group within a volcanic massive sulphide setting, with potential extensions to the known resource at the nearby Home of Bullion and other local deposits being targeted. Work completed during this reporting period included; conducting a site reconnaissance visit during March 2012 to assist with planning of future exploration programs and completion of a literature survey to examine historic exploration conducted on EL 28615 and nearby tenements. AAPA surveys will be completed for EL 28615 in early 2013 before proposed programs of geological mapping and magnetic surveying commence on the tenement.