EL 27337 Annual report for year ending 10 January 2011

Abstract

Despite a similar structural and geological framework to the Nolan?s Bore deposit, EL 27337 remains significantly under explored due to widespread, shallow cover and poor access. Several targets were identified using RTP aeromagnetic data and assessed in June 2010 with reconnaissance biogeochemical sampling traverses (113 samples) and limited rock chip sampling. Initial testing indicates the presence of mafic intrusions beneath Traverse 3 and 4, a magnetite-bearing pegmatite along Traverse 1 and a possible carbonatite system beneath, and surrounding Traverse 2. The tenement has two key zones of structural intersection that remain untested. Planned exploration activities for the 2011 field season include infill biogeochem sampling around the Traverse 2 REE anomaly, wide-spaced reconnaissance biogeochem sampling within the southern structural intersection zone, detailed soil sampling over the Traverse 3 base metal magnetic anomaly and two reconnaissance biogeochem sample traverses along the northern structural intersection zone. Exploration for outcrop, subcrop and float zones will accompany these exploration activities to get a better sense of tenement geology. The Burt Plain tenements cover a large area (>500km2) of extensively developed but reasonably shallow sedimentary cover. The tenements are possibly in quite prospective terrain as it is interpreted that the southeastern extension of the Nolan?s Bore structure passes through some of the tenements. However, it is difficult to develop specific exploration targets due to the low quality magnetic and gravity data currently available. We have identified several targets that can be evaluated during regional reconnaissance field visits, however, detailed and thorough exploration of these tenements will require the acquisition of detailed magnetic data to facilitate exploration under cover. Some of the key under cover structural targets could be tested with grid-based biogeochemical sampling, however, the size of the tenements and the broad targets means that target refining and program design would greatly benefit from detailed magnetic data. Ideally, no grid-based biogeochemical sampling or drilling would commence until after acquisition and interpretation of detailed airborne magnetic.