Final report for exploration licence 7523, Sargents area, Batchelor Northern Territory 31-03-92 to 27-05-99

Abstract

During the first year stream sediment sampling obtained low results, 19 RAB holes were drilled for magnesite but only limestone was intersected. In year 2 additional steam sampling obtained anomalism of 36 ppb Au and was followed up by soil sampling on a grid system with anomalous area 130m x 50m > 1 g/t Au outlined area was costeaned with the following results, 5m @ 2.85 g/t Au, 21 m @ 2.26 g/t Au, 7m @ 2.03 g/t Au. RC drilling was completed and consisted of 11 holes, significant results include 26m @ 1.85 g/t Au, 10m @ 1.05 g/t Au and 30m @ 0.83 g/t Au. In year 3 additonal soil sampling and RAB drilling outlined a 300m linear gola anomaly and was drilled by 8 Rc holes, significant results incled 4m @ 0.74 g/t Au 4m @ 0.61 g/t Au. At the Hardtop prospect soil sampling delineated a gold anomaly with minor gold, Platinum and Palladium intersected in some RAB holes. Additinal RC and core drilling was also completed with low results. In year 5 a bulls eye anomaly was tested and intersected pyrrhotite with anomalous Cu, Cu and Ni. No work was completed in year 6.