Annual report for SEL 8338 (Ivanhoe Group) for the 12 month period to 15-11-1994

Abstract

Work concentrated on 3 prospects-Ivanhoe South, BMR No 1 and Mount Otto. At Ivanhoe South the work undertaken included 1.5km gridding, 79 vacuum drill holes (827.2m), 11 RAB holes and 1 RC hole. RAB drill results indicate Au-Cu anomalism associated with Porphyry- sediment contact to a depth of 35m. A best result of 12m at 0.71g-t Au and 1.1% Cu was obtained. The RC drill hole results were not as significant. At BMR#1 0.95km gridding was completed followed by an infill vacuum drill program of 45 holes (372.2m). A broad irregular shaped, E-W trending Cu-Bi anomaly was outlined (max 610ppm Cu, 108ppm Bi) which is open to the west. The Mt Otto prospect work include 2.1km gridding, 47 vacuum drill holes (289.4m) and 6 rock chip samples. The vacuum drilling outlined a copper anomaly (142ppm) associated with subcropping ironstone.