Exploration Licence 30797 Ooralingie Neutral Junction Project First Annual Report for the period 12 November 2015 to 11 November 2016

Abstract

Ooralingie tenement EL 30797, is located 250 km north of Alice Springs and comprises part of the Neutral Junction project. Bowgan Minerals Limited is the current operator of the tenement. Exploration is currently aimed at identification of potential occurrence of economic gold, silver and base metals within an iron oxide-copper-gold (Tennant Creek-style IOCG) deposit setting and exploration for uranium within known alaskite occurrences. Known anomalies have been previously identified by Bowgan immediately east, on adjacent EL's 24253 and 29475 with exploration currently focused towards exploration along prospective structural corridors interpreted from regional geophysics. Exploration activity conducted during the current reporting period included the completion of a comprehensive review of historical exploration reports. A brief reconnaissance visit was also conducted to the southern part of the tenement to assist with planning of future exploration programs on EL 30797.