EL 29882 and EL 29886 Mount Todd Project Combined Annual Report for the period ended 14 March 2014

Abstract

EL's 29882 and 29886 are situated approximately 40 km east of the town of Pine Creek. This annual report documents the work completed on the licences for the period from 15 March 2013 to 14 March 2014. The ELs as they stand are the result of a consolidation and split of EL 25576, EL 25670, EL 25668 and EL 25669 which occurred on the 16/09/2013. Vista Gold Australia Pty Ltd. is the sole operator and manager of the exploration work. Work on the project during the Reporting Year included rock chipping (246 samples), extensive soil sampling (2601 samples), and mapping. Grab sampling was conducted on various targets distributed between both EL's. Of particular interest is the Emerald Creek area where the bulk of the soil sampling took place. Soils also occurred on Blanchards and on Snowdrop, to close off the Anomaly to the South. Smaller soils programs also occurred at Fergusson's investigating historic copper working. Work was curtailed on the EL's following sever budgetary and staff cuts that occurred in late 2013 and has meant that unfortunately expenditure commitments were not met on EL 29886.