Exploration licence 8104 Epsilon sixth annual report 11 June 1998 - 10 June 1999

Abstract

The AGSO airborne magnetic data has been acquired but not as yet evaluated. The Shoemaker-Levy prospect was drilled by 2 open percussion holes and intersected low order copper, bismuth and mace of gold within quartz veinlets in a dolerite host. ie 6m @ 0.225% Cu and maximum 155ppm Bi and 0.03 G/T aU. It was noted that the anomalism decreased in the primary zone hence the anomalism can be regarded as a secondary blanket. The tenement is now part of a joint venture with BHP and it is intended to evaluate a large magnetic feature which partially underlies the tenenment by deep drilling.