Annual Report on Exploration for EL 30583 Burrundie Project for the period 3 June 2018 to 2 June 2019

Abstract

EL 30583 (Burrundie) is located 180 km south south east of Darwin in the Northern Territory. It is 6 km north of the Emerald Springs Road House, on the northern side of the Stuart Highway. The Burrundie licence was granted on the 3 June 2015, and comprised of 9 blocks, and a total of 29.62 square kilometres. Gossan Resources is exploring for iron ore within the tenement. Field work was conducted in early October 2018. Field work completed included confirmation of the existing access route into the tenement; locating and sampling previously unknown gossan outcrops; resampling of previously (2017 field season) discovered and assayed gossan outcrops. The assay results of the resamples (from 2017), confirmed that the assay methodology (ICP-OES) was the issue with the 2017 samples. Assay of the 2018 samples using XRF produced DSO grade results that warrant further work on the tenements.