EL 7635-Horseshoe Mount Todd district NT annual report for exploration period ending 25-02-1994

Abstract

At the Central prospect an additional 98 soil samples were collected returning a maximum value of 24.5pp Au. Base metal analysis returned no significant values. Rock chip samples (42) were taken from quartz veins as follow up. Most returned background values though two returned anomalous values (2.24g-t Au and 0.73g-t Au). Further follow up of the Central Prospect consisted of 23 RAB holes totalling 483m. Gold values were generally low though a maximum assay of 3m at 0.23g-t Au was obtained. From the erratic distribution of anomalous values it is assumed that they are a result of narrow erratic weakly auriferous veins with little economic potential.