Annual Technical Report ML 23617 Burnside Project - Bon's Rush, from 15 June 2017 to 14 June 2018

Abstract

ML 23617 is located approximately 150Km south-southeast of Darwin and approximately 50Km southeast of the Adelaide River Township. The lease is situated within the Bon's Rush. In November of 2009, Newmarket Gold Inc., a wholly owned subsidiary of Kirkland Lake Gold, acquired ML 23617 from previous owners, GBS Gold Australia. The tenement is situated within the South Alligator Group, which consists of the Koolpin Formation, Gerowie Tuff and the Mount Bonnie Formation. Within the northern parts of the tenement area, rocks from the Mount Bonnie Formation (South Alligator Group) can be found to be intruded and thermally metamorphosed by granites from the McKinlay, Allamber Springs and the Tabletop. The Pine Creek Shear Zone transects the central area of the tenement north-northwest to south-southeast. It is also known to contain high occurrences of gold in the region, with deposits such as Union Reefs, International, Enterprise, Gandys, Czarina and Spring Hill located within the tenement area. During the reporting period, NT Operations was place into care and maintenance. This suspended all major regional exploration activities planned within the Northern Territory, including the proposed Bon's Rush drill program. Despite this, a review of the Mt Paqualin area was conducted during the reporting period, which included work on ML 23617.