Second annual report Annaburroo EL 5008

Abstract

Drainage sampling defined anomalous zones of Red Ridge Snake Hill, Double M prospects and anomalies J-M. Rock chip samples showed at Snake Hill that the lower of the two BIF horizons is highly anomalous. Serpent Ridge a reef runs into an excised ML. Hill Prospect 78 appears to be a fault related gold anomaly. At Red Ridge sampling of gossanous quartz veins returned a peak of 2.68g-t gold. Double M had a peak of 0.3g-t. Soil sampling at Snake Hill showed two discontinuous parallel anomalous zones of >10ppb gold corresponding to outcrops of iron formations. At Red Ridge 3 sub-parallel discontinuous zones as outlined. Costeaning and drilling at Snake Hill and Red Ridge outlined small zones of low grade gold mineralisation. Gold and arsenic appear to be related spacially associated with a setting of sheared anticlinal axis and iron formation as host.