Annual Report for EL 25120 Hayes Creek Project for period 19 September 2014 to 18 September 2015

Abstract

During the reporting period there has been an integrated targeting exercise utilising the previous geological, geochemical and geophysical exploration data. Re-evaluation of the airborne radiometrics and historical geochemistry has been of particular importance. A small program of surface sampling has been completed totalling seven rock chips and 15 soil samples. A new ferruginous sub-cropping rock chip sample near the Heatley Pb prospect has returned 2.71 g-t Au. Also, follow-up of an airborne radiometric anomaly in the south has resulted in extremely high grades of Au (426 g-t) and U3O8 (2.65 percent) from ferruginous sub-crop. A series of new quality targets has been generated, which require follow-up.