Annual Technical Report MA 366 Coxco for the period 8 June 2012 to 7 June 2013

Abstract

Mineral Authority 366 is situated approximately 750 kilometres southeast of Darwin, 100 kilometres south of the Gulf of Carpentaria and 8 kilometres south of the McArthur River Mine. This report summarises exploration activities on Mineral Authority 366 during the period 8 June 2012 - 7 June 2013. Carpentaria Exploration Company (CEC) explored in the area currently covered by MA 366 during the 1960s-70s under tenements MR 581 and EL 597. This region was subsequently held by CEC under a 'Reservation from Occupation' (RO 581) that was granted on January 14, 1977. AN 343, covering the HYC deposit to the north, was contiguous with Authorisation Northern 314 (AN 314) within RO 581. In June 1992, AN 314 was replaced by AN 366. AN 366 was reduced according to statutory relinquishment requirements and granted to McArthur River Mining Pty Ltd in August 2006. AN 366 underwent further reductions before being replaced by Mineral Authority 366 (MA 366) in 2011. Exploration drilling during the reporting period targeted breccia and vein hosted Zn-Pb-Agmineralisation within the 'Coxco Dolomite' complex. One HQ3/NQ2 diamond hole was drilled to a total depth of 340 metres with 325 samples being submitted for assay. Analysis results are pending at the time of writing this report and will be discussed in the forthcoming report.