EL 28620 - Barkly, Tennant Creek Northern Territory Annual Report reporting period 16 December 2015 to 15 December 2016

Abstract

This report details exploration carried out in the 2016 reporting year at the Barkly project, EL 28620, which was granted on 16 December 2011 and extended for a further two year term on 16 December 2015. The Barkly project is located in the Tennant Creek area of the Northern Territory as shown in Figures 1 and 2. Figure 1 shows the regional setting and Figure 2 shows the tenement details. The target commodities are copper and gold. A change of control of Blaze International Limited, the parent Company of the majority tenement owner Colour Minerals Pty Ltd, occurred during the reporting period. As a result of this change in control of the parent entity there was also a transition to a new corporate and technical management team. During the reporting period the new corporate and technical management team completed desk top reviews of all past exploration activity to enable a full assessment of the technical merits of the project and to produce a plan for ongoing exploration of the project. This work has resulted in the design of a drilling program to further evaluate the quantum and grade of the Bluebird mineralisation, with particular focus on the importance of the modelling of the late stage Harpic Fault.