Union Reefs Project, relinquishment report for exploration on EL 6895 (Emerald Springs), for the period ending 13-05-1993

Abstract

Initially, a detailed aeromagnetic survey was purchased, which includes the Emerald Springs area. The survey was flown for the purpose of identifying regional structures and more specifically significant magnetic anomalies that may represent bulk tonnage gold mineralisation. The data was processed and interpreted, highlighting several magnetic features in the area. These structures include a major SW-NE fault, a number of small dislocations of magnetic units throughout the area, and a series of folded magnetic units. However, there were no discreet anomalies that could represent bulk tonnage gold mineralisation of the Mt Todd type. During the second year of tenure, 9 active stream sediment samples were collected in the relinquished area. Three subanomalous gold results were obtained. These samples were followed up by reconnaissance geological mapping and rock chip sampling, concentrated in the SW corner of the recently relinquished block. The results from exploration within the relinquished block of EL 6895 have been negative, not giving any encouragement for the location of a significant near surface gold ore body.