Exploration licence 9105 (Cresswell Downs) partial relinquishment report June 13, 1997

Abstract

Exploration Licence 9105 was granted to Aberfoyle Resources Ltd on June 14, 1995. The tenement was pegged to explore for Shale-hosted Zn-Pb-Cu mineralisation in the Middle Proterozoic lithologies of the McArthur Basin. The tenement was reduced from 154 sub-blocks to 77 sub-blocks on June 13, 1997. This report describes work completed within the relinquished 77 sub-blocks, since granting on June 13, 1995. Relinquished areas targeted in EL 9105 are covered by Palaeozoic, Mesozoic and Cainozoic rocks of variable thickness, well to the south of the exposed portions of the McArthur Basin. Aeromagnetics (public domain data) interpretations suggest continuation of regionally important structures into the tenement. If these structures come into contact with favourable lithologies, such as McArthur Group sediments, the main ingredients for a SEDEX style base metal deposit are present. Work completed on the relinquished portions of EL 9105 since June 13, 1995 has been minor, in lieu of more detailed exploration completed on the more prospective ground in the northwest of the licence area. No features requiring follow-up were detected from the work completed.