Westminster Project Combined Annual Report for the period 26 October 2011 to 25 October 2012, MA 25952, MA 26500, MA 26558

Abstract

During the current year Truscott has continued to advance its in-house understanding of the structural controls over mineralisation within the central Tennant Creek high-grade gold field, through continued drilling, research and analysis initiatives. At the Westminster Project observations and analysis generated from the drill programs and structural mapping undertaken during the year have provided feed back to allow continuous assessment and refinements to be made to the structural model at a project level. For the Westminster Project a detailed assessment of the constraints on ore geometry is being developed which describes the expected location of potential high grade mineralised target zones prior to drilling. The company's research into the structural controls and mineralising events continues to increase the effectiveness of the structural model being developed as a tool to successfully predict the sites for high grade gold mineralisation. A series of stacked Ironstone arrays are mapped (Figure 4) as outcropping along the extent of the Westminster active exploration area. Each of the mineralised arrays has the potential to host a significant Tennant Creek style ore body at depth and accordingly they are each currently being assessed as such.