ANNUAL REPORT On EXPLORATION LICENCE, EL 10382 AuQuest ... · EL 10382 is located within the Pine Creek Orogen (PCO), which has been interpreted as an intra-cratonic basin lying on

ANNUAL REPORT

On

EXPLORATION LICENCE, EL 10382

AuQuest Project

PERIOD ENDING 22 OCTOBER 2009

DISTRIBUTION:

1. DRDPIFR Darwin NT 2. Crocodile Gold Australia Humpty Doo 3. Burnside Operations P/L Brocks Creek

Report Number: DA/TG/09-49

Zia U. Bajwah, Nigel Doyle and Jenna Nowland

November 2009

SUMMARY

Exploration Licence 10382 is located about 80 SE of Darwin in a close proximity to the

Toms Gully Gold mine. The tenement was granted to Renison Consolidated Mines NL on 23

October 2003 and will expire on 22 October 2009. It comprises 49 blocks covering 124 km2.

The tenement was acquired by Crocodile Gold Australia on 6 November 2009 along other

assets in the Northern Territory after voluntary administration/liquidation of previous owner

GBS Gold Australia.

The Northern portions of the project area contain the oldest sediments of the Wildman

Siltstone which belong to the Mt Partridge Group. Here, the Mount Partridge Group that is

unconformably overlain by the South Alligator Group (Mt Bonnie Formation Koolpin

Formation and Gerowie Tuff), and comprises most of the tenement areas. The southern

portion of the Project area is comprised of the Burrell Creek Formation, which conformably

overlies the South Alligator Group. Tertiary and Quaternary soils and gravel’s

unconformably overlie all the lower lying portions of the tenement areas, generally referred

to as “Black Soils Regions”.

During the reporting year, a campaign of high resolution geophysical survey, RC drilling and

assaying was undertaken. A total of 33 RC holes were drilled for 4162 metres which led to

identification of low grade uranium, copper, cobalt and nickel mineralisation. The prospect

seems to be of a similar style to Rum Jungle and South Alligator Valley type poly-metallic

deposits which include uranium. Best results from the uranium-copper zone include 1m @

1769 ppm U308 and 3.87% Cu within an interval of 5m @ 570 ppm U308 and 1.12% Cu in

drill hole MBRC010. A larger low grade intersection of 26m @ 339 ppm U308 and 2557

ppm Cu in hole MBRC018 was drilled including 5m @ 597 ppm U308 and 4780 ppm Cu.

Best results from the copper-nickel-cobalt zone include 42m @ 1740 ppm Cu, 320 ppm Co

and 846 ppm Ni in MBRC032, 20m @ 2135 Cu, 407 ppm Co and 626 ppm Ni in MBRC013

and 32m @ 1287 ppm Cu, 162 ppm Co and 331 ppm Ni in MBRC 011. In the next reporting

year, another campaign of RAB/RC will be conducted for gold, uranium and base metal

mineralisation.

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TABLE OF CONTENTS

SUMMARY………………………………………………………………………………….2 1.0 INTRODUCTION……………………………………………………………………………….4

2.0 LOCATION AND ACCESS……………………………………………………………………4

3.0 TENEMENT DETAILS…………………………………………………………………………………....4 4.0 REGIONAL GEOLOGY…………………………………………………………………………………..6

DEFORMATION AND METAMORPHISM……………………………………………………………………..8 5.0 PREVIOUS EXPLORATION……………………………………………………………………8 6.0. EXPLORATION YEAR ENDING 21 OCTOBER 2009………………………………………10

FORWARD PROGRAM YEAR ENDING 21 OCTOBER 2010………………………………......20 8.0 REFERENCES…………………………………………………………………………………….20

List of Figures

Figure 1: Tenement Location Map Figure 2: Regional Geology of the Project Area Figure 3: RC drill hole locations over Anniversary Breccia uranium anomaly Figure 4: Drill section 24-25-25 (uranium assay in red and copper in green) showing

mineralisation terminating at depth. Figure 5: Polymetallic mineral zones at Anniversary Breccia Figure 6: TEMPEST conductivity depth images (CDI’s) where high conductivity (red) maps the

graphitic black siltstone unit of the Wildman Siltstone Formation. Figure 7: VTEM Conductors and RC drill holes on uranium image at Anniversary Breccia

indicating mineralisation is located in the oxidised zone, not the sulphide or graphitic zones.

Figure 8: TMI image of the project area

List of Tables Table 1: Selected RC drilling assay from Anniversary Breccia Table 2: Selected RC drilling assay results from the copper-cobalt-nickel zone Table 3: Borehole Wireline downhole survey details for Anniversary Breccia

List of Appendices Appendix 1: Geochemistry and Drilling Data Appendix 2: Northern Territory Exploration Expenditure for Mineral Tenement EL10382

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1.0 INTRODUCTION

Exploration Licence 10382 is located about 90 km from Darwin in the Mt Bundy area. The

EL is part of the AusQuest Project which has been explored for gold mineralisation by

Renison Consolidated Mines.

2.0 LOCATION AND ACCESS

Exploration Licence 10382 is located about 90 SE of Darwin (Figure 1) in a close proximity

of Arnhem Highway near the Toms Gully Gold mine.

Access to the tenement is via secondary tracks leading from the Arnhem Highway and the

Marrakai Track. These tracks provide good access for 4WD vehicles during the dry season,

however these tracks become impassable after heavy rain, and therefore no access is possible

throughout the wet season.

3.0 TENEMENT DETAILS

The tenement was granted to Renison Consolidated Mines NL on 23 October 2003 and will

expire on 22 October 2009. This Tenement was applied for in 1999 and has been held up in

Native Title until recently. It comprises 49 blocks covering 124 km2 and is located west of

Tom’s Gully. On 25 July 2007, GBS Gold Australia Pty Ltd acquired all tenements including

EL 10382 and Toms Gully gold mine held by Renison Consolidated Mines NL. On 21

August 2007, uranium exploration rights were acquired by Rum Jungle Uranium Limited

under an agreement with GBS Gold Australia. GBS Gold Australia went into voluntary

administration on 15 September 2008 and eventually assets were liquidated. On 6 November

2009, Crocodile Gold Australia acquired the control of all assets located in the Northern

Territory held by GBS Gold Australia (liquidated) including EL 10383.

Underlying cadastre is held by B.F. Coulter under PPL 1163.

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Figure 1 Tenement Location Map

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4.0 REGIONAL GEOLOGY

EL 10382 is located within the Pine Creek Orogen (PCO), which has been interpreted as an

intra-cratonic basin lying on an Archaean basement, and containing a 14 km thick sequence

of Proterozoic meta-sediments, accompanied by lesser volcanics, granitic plutons and dolerite

intrusions. The sequence was deformed and metamorphosed during the Top End Orogeny

(1870 – 1780 Ma). Cullen Batholith and satellite plutons intruded the Palaeoproterozoic

meta-sedimentary sequence dated at 1850 – 1780 Ma.

EL 10382 is located in the central domain of the Proterozoic PCO in the Top End of the

Northern Territory. The tenement geology is primarily located in the heavily folded and

deformed South Alligator Group, composed of the iron rich Koolpin Formation, the Gerowie

Tuff (1862 Ma) and the overlying Mount Bonnie Formation (Figure 2). During the current

exploration program a distinct unit of oxidised siltstone, sandstone and quartz goethite

breccia, termed as Anniversary Breccia was recognised in the basal part of the Koolpin

Formation. The Anniversary Breccia appears to be important for the localisation of uranium

and base metal mineralisation.

The Mount Bonnie Formation conformably grades into the overlying Burrell Creek

Formation of the Finniss River Group which occupies a large area of the central domain of

the PCO. Underlying the Koolpin Formation in the northwest of the tenement is the

weathered siltstones of the Palaeoproterozoic Wildman Siltstone Formation which is the

basal unit of the Mount Partridge Group.

To the east of the tenement, the Mount Bundy Igneous Suite, comprising the thorium rich and

moderately magnetic Mount Goyder Syenite and the paler pink Mount Bundy Granite,

intruded the Wildman Siltstone and South Alligator Group sediments around 1853 Ma. The

Mount Bundy intrusion injected gold, uranium, base metal and iron bearing fluids into

surrounding country rocks producing Tom’s Gully Gold Mine, the Quest gold and base metal

deposits and the Mount Bundy Iron Ore mine.

EL 10382 has undulating terrain of moderately exposed outcrop of Wildman siltstone, the

iron rich Koolpin Formation and the Gerowie Tuff, including lateritic gravel horizons and

younger alluvial floodplains and drainages. Figure 2 portrays the geology of the area.

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Figure 2: Regional Geology of the Project Area

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Deformation & Metamorphism Regional deformation with north-northeast folding which plunges gently south, occurred

around 1870 – 1780 Ma, causing metamorphism to greenschist, and sometimes higher to

amphibolite facies. This event also resulted in the intrusion of thin sills of Zamu Dolerite, and

the post – tectonic emplacement of the Mount Bundey Granite and Mount Goyder Syenite as

a complex dated at 1790 + 110 My in the region. Structural deformation of the metasediments

is complex.

The major folding episode resulted in tight folds whose axes plunge southwest (Figure 2).

However within these major folds the more incompetent beds, i.e. carbonaceous shales, have

been deformed into localised complex structures. The granitic emplacement has also

influenced the fold structures as can be seen on the regional geological map. Metamorphism

to greenschist facies through dynamic compression associated with intense folding is

common. The granitic emplacement and the associated structural deformation and generation

of hydrothermal fluids are thought to have been responsible for most of the gold

mineralisation throughout the Pine Creek Orogen. e.g. Cosmo Howley, Rustlers Roost, Toms

Gully, Moline, Mt Todd and Quest 29.

5.0 PREVIOUS EXPLORATION

The earliest known record of exploration in this area of the Mount Bundey region was

undertaken during the 1970’s by Geopeko and then by CRA Exploration. Geopeko used

costeaning, rock chipping, soil sampling, drilling and core sampling, while CRA mainly used

rock chipping.

During the early 1980’s Aquitaine Australian Minerals/ Pan D’Or Mining and Jimberlana

Mining occupied EL1653, as well as Optimal Mining and ACA Howe Australia. Euralba

Mining and Burmine (EL3298) completed gridding, minor drilling and rock chip sampling,

while Inco Australia and Dominion Gold Operations held the tenements for EL 2240 and EL

6781 respectively.

During the late 1980’s to the early 1990’s Carpentaria Gold held the tenements for EL5290,

in which they took rock chip, soil, and stream sediments samples as a means of searching for

gold deposits. Normandy Exploration held the tenement EL8019, and conducted stream

sediment sampling. Euralba Mining/Burmine and Carpentaria Gold (EL5941) undertook

rock chip, stream sediment sampling, costeaning and drilling.

During the 1990’s Normandy Exploration (EL8019) and Poseidon Exploration held the

tenements EL7583 and EL7568, collecting stream sediment samples, with the prior drilling

some RAB holes and minor percussion drilling with diamond tails. Soil samples were taken

within EL9154 by Northern Gold.

Current Tenement Holders in the Project area include Northern Gold 1990-present, Valdora -

Rustler’s Roost Mining –Williams Inc. now called Valencia Ventures 1993-present, and

Renison Consolidated Mines NL 1997-present.

This work has been compiled into GIS format for target generation and to prevent repetition

with follow up work.

Exploration on EL10382 began at the start of the dry season. Access to the tenement was via

the old 47 mile track linking to the Arnhem highway and the Marrakai track. Secondary

station tracks and fence lines were used to gain access to the interior of the licence. Detailed

geological and vehicle traverses were undertaken.

The topography of the central and northern sectors of the tenement consists of numerous hills

and gullies developed on the more resistant Mount Partridge Group and the South Alligator

Group sediments. These formations have been folded into anticlines and synclines with

northeast to north trending axes which plunge gently to the south (Figure 2). The western

sector is eroded Burrell Creek Formation being actively drained to the northwest along the

Marrakai Creek.

The north-western area north of the Marrakai track contains the extension of the EL 22068

Steves Hill structural trend – a major zone of dislocation containing significant surface gold

mineralisation. A prominent topographic lineament east of this zone outlines a fault which

trends northeast parallel to the Steves Hill trend. Two prominent aeromagnetic lineaments

pass through the tenement, and are interpreted to be basement conduits along which

mineralising fluids have been channelled. The northwest trending linear magnetic low which

is truncated/offset by the Steves Hill fault zone passes through the northern sector of the

licence; a north-north-west linear magnetic high on the western boundary is interpreted to be

a dolerite dyke. Figure 2 shows soil/rock chip Au assays conducted during the previous

programs which indicate that together with geological setting and geophysical interpretation

of area, point towards high prospectivity of the area.

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During 2007-08 reporting year, GBS Gold Australia embarked on the appraisal of previous

exploration data in order to evaluate the full potential of the tenement. On 21 August 2007,

GBS Gold Australia signed a JV agreement with the Rum Jungle Uranium Pty Ltd which

allowed the later to explore uranium on EL 10382 and other tenements located in the Toms

Gully area. During 2008, new high resolution magnetic and radiometric cover of the project

and surrounding region was flown in order to help identify targets for gold and uranium

exploration (Bajwah, 2008).

6.0 EXPLORATION ACTIVITY YEAR ENDING 21 OCTOBER 2009

During 2009, detail analyses of the newly acquired high-resolution radiometric and magnetic

data were undertaken. Geophysical data revealed some subtle radiometric anomalies over

Anniversary Breccia (Koolpin Formation) which provided stimulus for drilling. This was

further supported by rock chip sampling program undertaken during late 2008 over

radiometric anomalies. Most anomalies were due to lateritic gravel/ferricrete outcrops

scavenging uranium and were considered of no further interest. A number of anomalies were

due to a regional hematite quartz breccia unit and overlying massive surficial hematite

outcrops within the Koolpin Formation. The best result from “Anniversary Breccia”

contained 110ppm U, 2280ppm Cu and 169ppm Co (Appendix 1).

To test these anomalies a program of RC drilling was undertaken that involved drilling of 33

drill holes (Figure 3) for 41262 metres. All drilling and assay data are given in Appendix 1.

This campaign mainly targetted uranium-copper mineralisation in the oxidised siltstone,

sandstone, ironstone and quartz goethite breccias above a black graphitic siltstone unit near

the base of the Koolpin Formation. South Australian based, Underdale Drillers were utilised

for the RC program. Most holes intersected multi-coloured siltstone, sandstone and ironstone

units before passing into graphitic black siltstone and ending in non-graphitic grey siltstone.

Thin altered lamprophyre dykes and possibly tuff units are also common. High water flows

and soft rocks generally limited depth of penetration to about 160m, sometimes less with rods

becoming temporarily bogged or holes being terminated when in danger of collapsing.

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Mineralisation and Structure

The prospect lies on the eastern limb of a synclinal structure of the Koolpin Formation at the

unconformable contact with the Wildman Siltstone. A large radiometric anomaly follows the

shape of the folded Koolpin Formation.

Uranium-copper mineralisation has been intersected in a number of holes over 190m strike

length in oxidized sediments overlying reduced graphitic black siltstone in the southern part

Figure 3: RC drill hole locations over Anniversary Breccia uranium anomaly

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of the prospect. Best results include 1m @ 1769 ppm U308 and 3.87% Cu within an interval

of 5m @ 570 ppm U308 and 1.12% Cu in hole MBRC010 (Table 1). A large low grade

intersection of 53m @ 250 ppm U308 from 45-98m depth includes an interval of 26m @ 339

ppm U308 and 2557 ppm Cu in hole MBRC018. Table 1 shows selected RC assay result

from the uranium-copper zone in the Anniversary Breccia.

Table 1: Selected RC drilling assay from Anniversary Breccia

Hole Interval From To U308 (ppm) Cu (ppm)

MBRC002 4 20 24 184 1505

MBRC002 6 36 42 129 1489

MBRC003 10 17 27 84 837

MBRC003 8 37 45 139 590

MBRC003 4 51 55 145 1880

MBRC005 7 43 50 207 2000

MBRC005 30 77 107 4700

MBRC006 1 12 13 102 1120 MBRC006 7 71 78 17 2130 MBRC008 11 28 39 66 587 MBRC009 3 36 39 47 1213 MBRC009 1 130 131 1700 MBRC010 3 69 72 53 1333

MBRC010 17 92 109 55 3296 MBRC010 5 109 114 571 11220 MBRC010 6 114 120 53 1933 MBRC015 1 125 126 118 495 MBRC015 2 134 136 8 1500 MBRC016 7 44 51 61 1557 MBRC016 3 83 86 171 750 MBRC017 5 66 71 52 4960 MBRC017 7 113 120 11 4360 MBRC018 14 45 59 155 767 MBRC018 4 63 67 139 750 MBRC018 26 72 98 339 2557 MBRC018 8 98 106 68 4900 MBRC018 2 106 108 241 490 MBRC024 6 34 40 246 1550 MBRC025 24 48 72 73 1206 MBRC025 16 72 88 193 1271

On drill sections uranium is generally intersected in the first two holes from the east to

around 70-80m depth but then generally is absent in the third hole at depth (Figure 4).

Figure 4: Drill section 24-25-25 (uranium assay in red and copper in green) showing

mineralisation terminating at depth.

This trend is also evident in drill sections 3 and 4. It is possible, however, that the deeper

holes were not drilled deep enough and that mineralisation has steepened and still could be

present at depth. The RC rig had problems continuing drilling on the deep holes due to water

inflow and caving. Diamond drilling may be needed to properly test depth extensions next

year.

There seems to be structural and a redox control over mineralisation. Uranium mineralisation

and to a lesser extent copper mineralisation is restricted to oxidised rocks above the graphitic

siltstone. The higher copper grades are generally at or above the graphitic siltstone indicating

the redox control. Geology and structure is complex with lithology often unable to be

correlated across holes on a section. It seems in numerous drill sections that the graphitic unit

is intersected at shallower depths in the deeper western most holes indicated a fault or thrust

has displaced rocks upwards.

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Mineralisation has been intersected in siltstone, sandstone, goethite quartz breccia, goethitic

ironstone, graphitic black siltstone and tuff indicating mineralisation may be hosted in shears

that cross cut lithology.

In the northern part of the prospect a manganiferous-goethitic ironstone unit with low grade

(sub-economic) copper, cobalt and nickel up to 42m thick abuts the uranium-copper zone and

is open along strike to the north east. Table 3 shows significant drill assay from the copper-

cobalt-nickel zone, Anniversary Breccia. Whilst uranium is elevated in this zone, it is

generally less than 40 ppm. Drill logs indicate ironstone and breccia units were hematite

dominant however petrography indicates a majority of the iron is goethite.

Figure 5: Polymetallic mineral zones at Anniversary Breccia

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Table 2: Selected RC drilling assay results from the copper-cobalt-nickel zone

Hole Interval From To Cu Co Ni Fe Mn ppm ppm ppm % %

MBRC011 32 20 52 1287 162 331 31.2 1.1 MBRC011 24 68 92 1104 85 352 36.2 0.46 MBRC012 4 20 24 1650 267 470 30 1.67 MBRC012 18 73 91 737 298 660 37.3 9.15 MBRC013 20 47 67 2135 407 626 42 3.4 MBRC014 13 56 69 1000 180 149 13.2 2.5 MBRC031 12 15 27 1200 41 214 41.5 MBRC031 5 108 113 3740 45 588 21.8 MBRC031 11 121 132 1783 49 267

MBRC032 42 52 94 1740 320 846 33.5 MBRC032 2 101 103 1000 80 1700 41.4 MBRC035 29 45 74 281 817 39.7 2.5 MBRC035 17 74 91 996 151 1547 28.3 0.83

Down Hole Logging Borehole Wireline Pty Ltd were contracted in two stints to run gamma and density probes

down drill holes as well as down hole surveys (dip and azimuth) and optical imaging of

selected holes. A total of 914m was logged for 17 of the holes at Anniversary Breccia. Four

of the logged holes were captured with a down hole optical camera, where structural

information could then be measured from the images. Borehole Wireline could not survey

the complete holes due to collapsing and caving at depth. For complete data see Appendix 1.

TEMPEST Survey

During the fifth year of tenure 90 line km of Airborne TEMPEST surveying was flown at

333m line spacing by Fugro Airborne as part of a larger survey over the entire Pine Creek

Orogen. E-W flight lines intersect part of the Anniversary Breccia prospect on EL 10382 for

27 line km (Figure 6). The survey was flown between October and December 2008, however

processed data was not received until early July 2009. Initial inspection of the conductivity

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depth images (CDI’s) indicates that the TEMPEST system maps the graphitic black siltstone

unit of the Wildman Siltstone Formation very well. No TEMPEST anomalies have yet been

drilled on the tenement.

Table 3: Borehole Wireline downhole survey details for Anniversary Breccia

Drill Hole Drill Hole Depth

Logged Depth Gamma Density Optical &

Structural MBRC006 108 69 √ MBRC007 126 70 √ √ MBRC008 78 55 √ MBRC009 166 32 √ MBRC010 162 71 √ MBRC011 150 20 √ MBRC012 156.5 20 √ MBRC013 120 45 √ MBRC014 126 95 √ √ MBRC015 156 92 √ √ √ MBRC016 162 33 √ MBRC017 120 35 √ MBRC018 150 69.5 √ MBRC024 84 49.4 √ √ MBRC025 108 42.1 √ MBRC029 96 58.9 √ √ MBRC032 150 57.3 √

Total 914.2

VTEM Survey

A Heli –VTEM electromagnetic survey was flown by Geotech Airborne in May 2009. The

Anniversary Breccia Survey comprised 16 lines flown north-south at 200m line spacing for a

total of 48 line-km. Profiles for each flight line were received in late July 2009.

Profiles were analysed and it was decided to target conductor 1 (Figure 7) across the nose of

the syncline (holes MBRC033, 034 and 036) to test for uraniferous graphitic shears and

possibly gold mineralisation in pyritic-graphitic siltstone. Thick graphitic siltstone was

intersected in the drill holes, explaining the conductive anomaly, however, the holes were

barren of mineralisation. The conductor on the western limb of the syncline and radiometric

anomaly was also tested by three drill holes. Graphitic siltstone was intersected in all three

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Figure 6: TEMPEST conductivity depth images (CDI’s) where high conductivity (red) maps the graphitic black siltstone unit of the Wildman Siltstone Formation.

Figure 7: VTEM Conductors and RC drill holes on uranium image at Anniversary Breccia indicating mineralisation is located in the oxidised zone, not the sulphide or graphitic zones.

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holes (MBRC037-039) drilled on the north western limb which explains the VTEM

conductors. No anomalous uranium was intersected within these holes.

Gold Exploration

On 15 September 2008, GBS Gold Australia went into voluntary administration and all assets

were placed under care and maintenance. In April 2009, Crocodile Gold Australia announced

to acquire all assets held by GBS Gold Australia (liquidated) with the intention to

recommence exploration and mining activities as soon as possible. After meeting regulatory

and statutory conditions, all assets were transferred to Crocodile Gold Australia on 6

November 2009.

During the reporting period a technical review, tenement ranking and valuation was

undertaken. Geological and geochemical data shows that the project area has many

similarities and characteristics similar to those gold bearing areas. Rock lithologies of the

Palaeoproterozoic Koolpin Formation, Gerowie Tuff, Mt Bonnie Formation and Burrell

Creek Formations have been identified during previous exploration programs in the project

area. These are folded into anticlinal structure, plunging south shallowly. This setting is

considered important for hosting gold mineralisation in the region. The Mt Bonnie Formation

host nearby Rustler Roost gold deposit whereas the Burrell Creek Formation hosts gold

deposits such as Mt Todd and Union Reefs. Similarly, the Koolpin Formation and Gerowie

Tuff host several important gold deposits in the region. (Wygralak, 1995)

An appraisal of previous geological and geochemical data shows a number of gold prospects

and anomalies indicating significant gold potential of the project area. However, much of the

western sector of the tenement has not been sampled.

TMI image of the project area is shown in Figure 8 where a number of anomalies are

apparent. Although, they appear quite subtle but in the Toms Gully area many gold deposits

do not have magnetic signature as strong as in the Burnside area. Rustler Roost Gold mine

located only a few kilometers south of the project area has very low magnetic response.

Perhaps the most striking feature of the tenement is the presence of NW-trending deep seated

structure, transecting the project area. This in turn is offset by NE-trending fault in Steve’s

Hill area. A lesser pronounced feature present in the SW corner of the tenement which is

interpreted to be doleritic dyke, intersecting lithological units. A number of gold prospects

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Figure 8: TMI image of the project area

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and gold anomalies align with these structures. These prospects and gold anomalous areas

have not been drill-tested so far. It is recommended that detail geochemical sampling

program should be undertaken which will cover these structures and then further testing with

drilling.

This exploration activity costed $522 559.00 and details are given in Appendix 2.

7.0 FORWARD PROGRAMME YEAR ENDING 21 OCTOBER 2010

New high resolution geophysical data have provided new insights for the mineral potential of

the project area. During 2009-10 reporting year, these data will be interpreted further for

additional targets for gold, uranium and base metal mineralisation. On receiving some

encouraging results, another campaign of RAB/RC will be conducted for gold, uranium and

base metal mineralisation. This exploration activity has been budgeted at least $25000.00.

8.0 REFERENCES

AGSO 1998. SD5204 Darwin Digital Data, Second Edition.

Bajwah, Z. U., and Doyle, N., 2008, Annual Exploration Report on EL 10382 AuQuest Project, Year Ending 22 October 2008. GBS Gold Australia Annual Exploration Report, Dept of Primary Industry Fisheries and Mines, Darwin.

Hall S, 2003. 2003 Annual Report On Exploration Licence EL 23177. AuQuest Project, for the Period Ending 15th June 2003. Renison Consolidated Mines NL. Unpublished statutory report for Northern Territory Department of Mines and Energy.

Hall S, 2003. 2003 Annual Combined Report On Exploration Licence’s EL8508, EL9161, EL9196, EL9346 & EL9594. Mount Bundey Special Project Area, for the Period Ending 31st December 2003. Renison Consolidated Mines NL. Unpublished statutory report for Northern Territory Department of Mines and Energy.

Hall S, 2002. 2002 Annual Combined Report On Exploration Licence’s EL8508, EL9161, EL9196, EL9346 & EL9594. Mount Bundey Special Project Area, for the Period Ending 31st December 2002. Sirocco Resources NL. Unpublished statutory report for Northern Territory Department of Mines and Energy.

Hall S, Catherall D, 2001. 2001 Annual Combined Report On Exploration Licence’s EL8508, EL9161, EL9196, EL9346 & EL9594. Mount Bundey Special Project Area, for the Period Ending 31st December 2001. Sirocco Resources NL. Unpublished statutory report for Northern Territory Department of Mines and Energy.

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Hall S, Catherall D, 2000. 2000 Annual Combined Report On Exploration Licence’s EL8508, EL9161, EL9196, EL9346 & EL9594. Mount Bundey Special Project Area, for the Period Ending 31st December 2000. Sirocco Resources NL. Unpublished statutory report for Northern Territory Department of Mines and Energy.

Hall S, Catherall D, 1999. 1999 Annual Combined Report On Exploration Licence’s EL8508, EL9161, EL9196, EL9346 & EL9594. Mount Bundey Special Project Area, for the Period Ending 31st October 1999. Sirocco Resources NL. Unpublished statutory report for Northern Territory Department of Mines and Energy.

NTDME, 1999. Rum Jungle Magnetics Survey

NTDME, 2000. Mary River Magnetics Survey

Nicholson, PM, Ormsby, WR and Farrar, L, 1994. A review of the Structure and Stratigraphy of the Central Pine Creek Geosyncline, in Proceedings AusIMM Annual Conference, 1994.

Rabone, G., 1995. Preliminary Report on the Mineral Occurrences Within a 25 Kilometre Radius of the Rustler’s Roost Gold Mine, Northern Territory. Unpublished in-house report for Valdora Mining Pty Ltd.

Renison Consolidated Mines NL, 2000. Mary River Infill Magnetics Data.

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