1999 Annual report on MCS 38 Gheko Prospect

Abstract

No exploration work was carried out during 1999, and instead the potential of the prospect was reviewed. Regional geophysical datasets covering the area were acquired. These will be used in order to locate possible mineralisation in the region, other than the Gheko prospect. The small size and continuing low price for the commodities involved were such that it was decided that the property should remain on a care and maintenance basis. No interest was shown in pursuing exploration on MCS 38 as the commodities represented in the tenement were not being explored as a target. The low grade Pb-Zn(Cu) mineralisation is stratigraphically controlled and occurs in gossanous haematite-actinolite rocks marginal to garnetiferous quartzite. The Gheko Prospect is considered to be a stratigraphic equivalent of the Rankin's Prospect mineralisation, due to the similarity of the control and the presence of similar gneisses and amphibolite in the two prospects.