Year 1 Annual Report EL 31313 Mary River West for the reporting period 13 April 2017 to 12 April 2018

Abstract

EL 31313 is located approximately 185kms southeast of Darwin and is wholly owned by Rockwash Pty Ltd. This report covers exploration activities on this tenement during the first year of tenure. During year 1 preliminary reconnaissance was conducted at the tenement and an exploration review of the tenement and available historic data was commenced. Initial work from the exploration review highlighted that EL 31313 has excellent alluvial gold exploration potential with the main target creek being downstream from the Union Reefs gold mine (immediately to the east of the tenement). Also, the company purchased equipment needed to do a costean sampling program which is planned to start in 2018 (including a transportable gravity/centrifugal test unit with miniature hopper, trammel and centrifuge bowl). Two samples were taken, during the preliminary field reconnaissance, from an abandoned stockpile on the east side of EL 31313. These samples were submitted to a Perth laboratory, where they were screened to above and below the 6mm fraction, then fire assayed. No significant results were returned; however the method of sampling was not considered to be representative of the alluvial potential for the creek. The company plans to commence a costean sampling programme to test prioritised sections of the main target creeks. Costean sampling will allow sufficiently sized samples to be collected and processed using the newly purchased small portable gravity/centrifugal separation test unit. The programme is planned to commence mid 2018 with an MMP for this work currently being compiled (to be submitted early 2018).