Mount Hardy Project Third Annual Report 4 August 2013 to 3 August 2014 EL 27892

Abstract

Exploration across EL 27892 during the current reporting year has included down hole electromagnetic (DHEM) surveys of four diamond drill holes drilled during 2013 and IP surveys at EM Target no. 7 (straddles the border of EL 27892 and EL 28694) and the Browns Prospect. At EM Target no. 1 DHEM was surveyed on two holes (13MHDDH010 and 13MHDDH011). Both were drilled to test a strong EM conductor plate interpreted from previous RC drilling and the original HELITEM anomalous conductor zone. Additional drill targets have been generated. DHEM on hole 13MHDDH013 at EM Target no.4 detected a small weak in-hole anomaly that has been tested with no significant mineralisation seen; no further work is warranted. DHEM surveying of hole 13MHDDH014 drilled on the IP anomaly at the Mount Hardy Prospect returned no significant conductor. Previous work in the area has outlined a copper soil anomaly, and drilling returned significant copper hits. Additional drill targets have been generated. Induced Polarisation (IP) surveys were completed on two areas within EL 27892 during early April. A single dipole array was added to the existing three arrays surveyed in early 2013 at the Browns Prospect. Combined data has been interpreted with the anomaly now closed off to the northwest but there is copper mineralisation seen some 200m to the south and there remains significant potential for more mineralisation within this feature. Further drill testing has now been planned. EM Target no. 7 was outlined in 2012 HELITEM interpretation and was mapped in 2013. Despite a highly conductive surface layer masking any deeper conductor, it is possible to see that the centre of the IP conductive zone at this target does correspond with the position of the HELITEM anomaly and drill testing is planned.