EL 28615 Bullion Project Second Annual Report for the period 1 November 2012 to 31 October 2013

Abstract

The Bullion project consists of a single exploration licence EL 28615, located 280km north of Alice Springs. Bowgan Minerals Limited is the current operator of the Bullion project. Exploration is currently aimed at identification of potential occurrence of economic base metal, silver and gold mineralisation within metasediments of the Proterozoic Hatches Creek group within a volcanic massive sulphide (SEDEX) setting, with potential extensions to the known resource at the nearby Home of Bullion and other local deposits being targeted. A field program of geological reconnaissance mapping was conducted and research of historical literature was completed during the reporting period with first-pass geophysical and geochemical survey programs proposed for EL 28615 during the next reporting period.