Annual report EL 7308 for the period 22-02-1991 to 21-02-1992

Abstract

Interpretation of Government airborne geophysics highlighted a 'thumb-print' style magnetic anomaly (DR417) on the western boundary of the licence. An airborne EM survey flown by Geoterrex confirmed this anomaly and identified two conductive trends DR1 and DR2. DR2 was targeted for follow up and subsequently redesignated as DR418. DR2 was covered by 3 mineral claims prior to undertaking follow up work. In the DR418 Prospect anomalous gold values were associated with Drusy white quartz veins with up to 10% sericite. Extensions to this mineralisation were believed to occur within this EL under shallow soil cover. To test for extensions of the mineralisation from the MCN's a 29 hole vacuum drill programme was undertaken. Drilling defined a 200m long interval with anomalous gold values to 34 ppb Au maximum, with associated mildly elevated arsenic values.