Sixth Annual Technical Report for the reporting period ending 7 November 2012 EL 25238 Arltunga Gold Project

Abstract

The Arltunga Gold Project, EL 25238, is located approximately 110 kilometres northeast of Alice Springs (Figure 1). The Exploration License hosts 33 historical gold mines and prospects many of which were re-sampled by Genesis with high-grade gold confirmed in most instances (up to 53g/t), although the host quartz veins were mostly very narrow and of very little economic interest. Previously completed Gradient Array Induced Polarization (GAIP) surveys by Genesis delineated several electrical anomaly trends, some of which were over existing mines and extensions to old workings. Since gold and pyrite are associated in the quartz veins, the survey results may be a guide to gold mineralisation. Geological inspection of these electrical anomalies in the field revealed that significant potential remains to find gold mineralisation, for example: New gold mineralisation of 5.2g/t gold was assayed at chargeability Anomaly B2-IP10, and GAIP trends at Wipe Out; Magdala and Star Creek to Wheal Fortune. In addition, detailed literature research using the original documents clarified the location of the gold-rich (132 g/t) massive sulphide reported by Matthews in 1905 at the Wheal Fortune Mine. The sulphide does not appear to have been detected by the IP survey as it occurs on the western flank of a GAIP chargeability anomaly. It is possible that other massive sulphide occurrences may remain undetected in on the flanks and at high concentrations of disseminated pyrite at GAIP anomalies. Thus, the electromagnetic ground geophysical method Controlled Source Audio Magneto Telluric (CSAMT), which is more suited to the detection of massive sulphide, is currently being deployed to provide profiles for drill-hole planning. The profiles include the peaks and flanks of the best GAIP anomalies. Results will be presented in the subsequent report,