Exploration licence 3589 Arnhem Land, Northern Territory Namarrkon Joint venture, first annual report 18-11-1997 to 17-11-1998

Abstract

The tenement was covered by an aeromagnetic/radiometric and DIGITEM survey. Interpretation of the radiometric data highlighted 10 significant anomalies at which eight were sampled, two of which were anomalous for example 4 at 128ppm U and 9ppb Au and number 7 at 30.7ppm U and 3ppb Au. The stream sediment sampling referred values between 3 and 9ppb Au. Five diamond drill holes were completed with the aim of locating alteration and mineralisation at the base of the Kombolgie Sandstone and underlying Cahill Formation. All hole penetrated the Cahill Formation and some alteration which however no anomalism was obtained.