Gold Basin Resources Corporation report the summary of an extensive review of multiple sets of geophysical data collected by the Company over the previous 18 months, interpreting Airborne/UAV Magnetic, Radiometric and Induced Polarisation and Electrical Resistivity surveys on its 100%-owned Gold Basin Property in Mohave County, Northern Arizona, USA. The geophysical targeting is dependent on geological deposit models. The conceptual models used are: Epithermal Au along the Detachment Faults and Normal Faults.

Porphyry Cu-Au style at depth. Iron oxide gold deposits, like the Cyclopic and Stealth Au Mineralisation The summary report combines and redefines the major geophysical targets within the following areas of the GXX licences: Target Area 1 - East Cyclopic. Target Area 2 - SE Extension of the Cyclopic Fault.

Target Area 3 - Stealth Cyclopic DTF. Target Area 4 - West Cyclopic. Target Area 5 - Senator and Owen.

The geophysical targets were taken from three individual reports and are described in detail for two areas of the GXX property: Cyclopic-Stealth Targets and the Senator-Owens targets. Within the Cyclopic and Stealth area, the most detailed geophysics was acquired including an IP/Resistivity survey. The following gold-targeting approaches are: High-Angle and Detachment fault Intersection- Using high-angle "extensional" faults for fluid pathways and where they intersect dilational traps, like the shallow detachment faults.

This appears to be mechanism for the Cyclopic epithermal/iron oxide gold deposit. It is interpreted that there may be a stacked series of low angle faults, all of which may also be mineralised in a manner similar to that at the Cyclopic mine area. Antiform hinge-axis and fault Intersection The NS hinge-axis of antiforms, acts as a fluid pathway from the Two Mica Monzogranite Kg.

Sills of mineralisation can then deposit in the fold closures, laterally away from Kg. Where these intersect the high-angle faults. The Fry Gold Mine, the gold deposit south of Fry and possibly Senator Gold Mine use this structural setting.

High Radiometrics - At Cyclopic, this is a good indicator of massive potassium feldspar replacement in the upper plate of the DTF. There are also noticeably less magnetic units within the area. Magnetite destruction?

Within the radiometric data, there are other similar areas to Cyclopic, to the west and south. Neither area is covered by the Arizona composite rock samples or drilling. East of the Cyclopic Fault consists of the daylighting of the Cyclopic Detachment Fault and a wedge of Cretaceous Km/Kg Monzogranite.

The IP chargeability layer SC1, appears to be a broad phyllic alteration zone, with the likely fluid up-flow at the Cyclopic and Cyclopic 2 normal faults. Limited drilling has been completed at this target. Previous magnetic interpretation of the southern end of the Cyclopic Fault, has it veering to the east.

The IP chargeability and resistivity models clearly have the fault continuing to the south-east. This southeast extension remains completely undrilled. The IP/ER survey inferred a 3km strike of the proposed Stealth DTF.

Detachment-style gold mineralization is likely from Stealth and Red Cloud to the east along this proposed DTF.