Frances Creek North EL 29015 Annual Exploration Report for the period 5 April 2013 to 4 April 2014

Abstract

A total of 8 line kilometres consisting of 273 gravity stations took place within the tenement. This was part of a significant ground gravity geophysical survey programme at the Frances Creek Project. An airborne electromagnetic survey was flown over part of the Frances Creek Project area (including part of EL 29015) to assist in mapping the structure of the host stratigraphy of the Frances Creek mineralisation. Territory Iron concludes that there is significant potential for the discovery of economic haematite mineralisation within tenement EL 29015. It is recommended to undertake follow-up detailed exploration activities within EL 29015 based on the recent geophysical surveys conducted within the tenement.