Annual Report Year Two EL 7064 Lloyds Creek Acacia Gap Project 28 February 1992 to 27 February 1993.

Abstract

Work during year two included 70 -40# stream sediment 17 BLEG and 1 rock chip sample, plus a 30 hole RAB programme at the Acacia North anomaly (formerly Geopeko's L4 anomaly) and a diamond drill hole. Two of the stream sediment samples returned anomalous gold (0.2 and 0.25ppm), while the remaining samples were below the limit of detection with some low level anomalous base metal values. All the samples were from the west of the licence. 1 BLEG sample was anomalous 5.12ppb Au. Two lines of RAB drilling were undertaken to locate the L4-Acacia North anomaly. Drilling successfully located the anomaly. A peak value of 941ppm Pb and 902ppm Zn were obtained. A single diamond drill hole totalling 333m tested the anomaly. The hole returned slightly elevated values maximum 133ppm Cu, 258ppm Pb and 957ppm Zn.