Annual report EL 4638 Grace Creek period ending 03-10-1985

Abstract

This was the first year of tenure for the Exploration Licence. Soon after the licence was granted, an Aboriginal Land Claim was lodged over Eva Valley Pastoral Lease which includes the Licence area. Towards the end of the year of tenure, trading of tin ceased on the London Metal Exchange. These two factors considerably dampened enthusiasm for exploration in the area.

A Northern Territory Company, Mineral Horizons NL took up an option over the Licence area during the year. This Company has assessed the area and carried out some sampling and panning which confirms the work of previous explorers. Future work should be directed towards establishing the volume of thick alluvium in the area and establishing its tin content. A closer assessment of outcropping quartz and quartz tourmaline veins should also be made.