EL 28109 Mt Airy Annual and Final Report for the period 2 December 2010 to 12 February 2013

Abstract

Due to the difficulties in getting into the exploration site without significant investment, the company felt that at such time as a geologist could be sent to start phase 1 exploration we intend to wait for our Chinese partner who has assured us that he intends to supply the capital and incur any expenses with the understanding that the area if successfully explored will need extensive infrastructure. However, after geological desktop research Chinese investor did not interested in the tenement because of no significant valuable mineral found. Greywolf decided to surrender the whole area and drop the project in Reynolds Ranges.