Report GR242 EL 24115 and EL 24195 Bowgan Project Eleventh Annual Report for the period 13 October 2014 to 12 October 2015

Abstract

The Bowgan project is located in the Barkly Tablelands region of Northern Territory, approximately 250 km northeast of the regional centre of Tennant Creek. The project consists of five exploration licences; EL 24115 (Bowgan) and EL 24195 (Benmara) which are the subject of this report, plus EL 29802 (East Benmara) and EL 30281 (Coanjula) which are contiguous to EL's 24115/95 and EL 24196 (Creswell Downs), located 100km further west south-west of the main tenement and are reported on separately. Exploration at the Bowgan project is currently targeting the potential occurrence of economic uranium, gold and base-metal mineralisation. No field exploration was completed during the reporting period, with office-based work involving the finalisation of work completed during the previous field season including; completion of all data entry, further evaluation of ground magnetic survey data and review of mapping and analytical data, magnetic susceptibility testing of 23 rock chip samples and submission of 6 selected samples for whole rock and multi-element analysis. Field work is on-going at the Bowgan project, with a focus to further exploration of a number of targets with the aim of designing a program of first-pass drilling.