Annual Report on the Kirkimbie Project EL 30219

Abstract

Daylight Jack Minerals Pty Ltd currently holds five (5) exploration leases at Kirkimbie in the Limbunya area of the northwest of the Northern Territory in Australia. The area has been long considered prospective for diamonds with major mining companies holding leases in the area. Regional scale stream sediment sampling has been periodically completed since the late 1970s for diamonds and minerals.This report details the outcomes of rock chip sampling programme completed in July 2015. This programme focused on a number of di-pole targets selected from airborne magnetic survey modelling and targets produced by Australia China Corporation of Coal Geology Engineering Pty Ltd (ACCCGE). Assay results show the majority of rock chip samples contain high values of iron with values ranging from 47% to > 50%. Sample MN32, MN43 contain anomalous aluminium. Sample MN32 contains 5.68% and sample MN43 contains 5.97% aluminium. Sample MN43 is of particular interest because it also contains 255ppm chromium and 720ppm manganese. Sample MN49 was also found to contain anomalous chromium. Samples MN50, DL15, DL16 and DL17 contain anomalous manganese with values ranging from 500ppm to 800ppm. Sample DL19 is of particular interest because it also contains 540ppm copper and 4900ppm phosphorus. We intend to complete a ground gravity survey and are currently modelling a number of di-pole targets. Selected targets will be followed up by drilling. A grid soil and rock chip sampling programme will be completed at Moonbool creek bullseye targets. And followed up by a geophysical gravity survey. Samples MN1 and MN43 contain anomalous chromite. These sample sites will be revisited and a more intensive sampling programme will be carried out. ACCCGE targets situated less than a kilometre to the west of MN samples will be investigated and systematically sampled. Rock chip sampling will be completed along a 600m long magnetic high at the southern aspect of Moonbool creek. Rock chip sampling and a ground gravity survey of all ACCCGE and QMEC targets will be completed.