EL 8047 Ban Ban and SEL 8335 North Ban Ban, first group annual report for the year ended 21st October 1997

Abstract

2117m of shallow RAB were completed in EL8047. This sampling outlined anomalous NW trending gold values supported by As, Cu, Pb, Zn. This area lies between Waterdrum Hill and Gas Pipeline Prospects. An area of quartz veining associated with an anticline axis was relatively disappointing. A maximum value of 22ppb was obtained. 77 broad spaced stream sediment samples were collected in the south of the licence. A maximum assay of 195ppb Au was obtained from a discrete drainage. In addition 10 results were >3ppb Au. SEL8335 geochemical surveying included 1253m of shallow RAB and 150 surface samples. A maximum assay of 350ppb Au was obtained. Two other significant assays were recorded at 67 and 52ppb Au. These anomalous responses appear to be associated with the intercepted margin of the Pine Creek Shear.