EL 22856 Saddles Extended, Annual Report for the period 5 February 2012 to 4 February 2013

Abstract

Significant work was undertaken during the reporting year within EL 22856 (Saddles Extended tenement) targeting Frances Creek style hydrothermal hematite mineralisation and comprised: Forty (40) Air Core (AC) drill holes specifically targeting the hematite-goethite iron ore mineralisation at the Elizabeth-Marion prospect, for 2,260 metres; Twenty-two (22) Reverse Circulation (RC) drill holes specifically targeting the hematite-goethite iron ore mineralisation at the Elizabeth-Marion prospect, and at the Millers South and DD prospects at the northern end of the tenement, for 1,512 metres; and Territory completed compilation of a large MMP that included EL 22856, which incorporated exploratory drilling and geological reconnaissance works for 2013-14.