Annual report EL 28045 Southern Cross Bore Project 30 November 2013 to 29 November 2014

Abstract

During the past year work undertaken on the project was a detailed interpretation of the heliborne geophysical survey completed in October of 2013. The limited nature of the past year's work program, compared to those in previous years, is a reflection of the difficulty in raising funds for exploration at present. The detailed interpretation of VTEM data identified 152 anomalies of which two were classified as high priority, twenty seven as moderate priority and sixty eight as lower priority. The high and moderate priority anomalies fall within four priority areas the two high priority anomalies being associated with the Johnnies Reward mineralisation. Nine selected anomalies were modelled using thin plates to estimate discrete conductor orientations and strengths and drill holes were designed to intersect the modelled plates. Recommendations for future exploration at the Southern Cross Bore Project include a down hole EM survey and a follow-up drilling program. The numbers of drill holes that will be drilled their locations, orientations and depths would be dependent upon the VTEM interpretation results from the down hole EM survey and the availability of financing.