ERL 85 Gigantic Tenth Annual Report 16 December 1997 to 15 December 1998

Abstract

Geophysical modelling of the Giant Moon prospect was conducted however results are not to hand. The Fairway geophysical anomaly was modelled and it was concluded that the anomaly is due to a flat-lying moderately magnetic lamprophyre body with some minor subsidiary magnetic anomalies that will require drilling at a later stage. The Billy Boy haematite-jasper outcrop was drilled by 19 percussion holes. The first hole FAR001, intersected 12m at3.15g/t Au and 12.17% Cu from 47m. All other holes dilled were anomalous in copper and some in gold, however only two other holes drilled along the same section as FAR001 contained economic gold and copper values ie FAR5, 24m at 30g/t Au and 3% Cu from 55m and FAR10, 18m at 8.35g/t Au and 3.3% Cu from 70m. 21 Soil samples have been collected, but assays are not at hand.

1.6 line km gridding.