Annual Report on EL 4810 Glencoe from 20-11-1985 to 19-11-1986

Abstract

During the first year of Exploration Licence 4810 work has concentrated on an area adjacent to the eastern boundary where an anticlinal structure, hosting gold mineralization, extends into the licence area from the adjacent mineral claims (also held by Magnum Resources Limited). A substantial costeaning and diamond drilling programme has defined the continuity of the structure and resulted in several promising intersections of gold mineralization. Further drilling is planned to fully evaluate the economic potential of this zone. As the mineralized zone extends across the boundary of the mineral claims and EL4810, exploration on both areas of tenure has been carried out as a single integrated programme. This report should be regarded as a preliminary report only and full details of all exploration, results, logs and sections and plans will be presented in the annual report on Mineral Claims N20 to N43 due on 31st January, 1987.