Annual Report for EL 28015 for period 2 December 2011 to 1 December 2012

Abstract

During the year, an in-depth review of exploration data gathered so far, was undertaken. Based on previous exploration programs, a number of gold occurrences have been noted in and around the project area. A technical review of the exploration data suggests that EL 28015 has potential for gold, copper, tin and Iron mineralisation, which will be tested by further exploration programs. To date we have taken rock-chip sampling and stream sediments samples near the Mary River Camp, which have come up high in Sn. James Cook University Geologists Dave Webb and Dave Allen found samples high in Sn and Fe, in two different areas of the licence. The samples resulted in 55% Fe with 51 percent Fe predominately on the edge of the fault. The mapping, geology and fieldwork completed by Mr Webb and Mr Allen were Coronet Hill Fault Line EL 28015 very important in finding areas of interest, with potential found at the bottom end of licence close to Exploration Licence 27820. On the Kakadu side some of the stream sediments sampling resulted in Cu and Au traces. Geologist Andrew Hawker and his field assistant from Western Australia found some potential Au targets.