Substitute Exploration licence 7716, Phillip Creek, seventh annual report 16 March 1998 to 15 March 1999

Abstract

2/6/99 A single line was soil sampled at a spacing of 25 m and 121 samples collected. The samples were analysed for 25 elements, however no distinct anomalism was indicated. Eight rock chip samples were collected, three from the 'Drillsteel' prospect which showed some Bismuth anomalism . Magnetic modelling was completed at a 32 nT anomaly and suggested the source to be at a depth of 2200 m. A geophysical review was also undertaken and a discrete magnetic target is indicated worthy of follow up drilling.