EL 5061 and EL 5062 Deaf Adder Project Annual report for period 27 May 1999 to 26 May 2000

Abstract

In 1999, two drill holes were completed in the southern portions of the two exploration licences EL5061 and EL5062. Both holes were abandoned in Kombolgie Sandstone. They failed to reach the targeted horizon due to drill equipment limitations. Other exploration during 1999 consisted of detailed sampling and prospecting over anomalous sites identified from the compilation of previous exploration results. Detailed airborne magnetics and radiometrics were undertaken from the Stretch prospect in the north to the Spectre prospect in the south to aid drill targeting at Spectre and to investigate uranium anomalism at the new Slime prospect. A surface gravity survey was also undertaken to help define structure and lithological variations across major structures, while also aiding in the definition of the sandstone geometry and basement lithologies. Initial phase follow-up of anomalies generated from multi-spectral analysis was completed incorporating PIMA, multi-element geochemistry and physical property measurements. The main objective of the exploration program is to discover economic U mineralisation. The Kombolgie Sandstone is analogous to the Athabasca Sandstone of Canada where highgrade U mineralisation occurs along structures at the base of the sandstone. Emphasis for the 2000 program will be designed to test the thickness of the Kombolgie Sandstone unit in the western portion of EL 5062 and at the drill hole DAD-0006 location by diamond drilling. Other work may consist of additional sampling, mapping and ground geophysical surveys. The remainder of the proposed program will be largely a low impact data collection exercise involving airborne geophysics, helicopter assisted rock-chip and stream sampling, grid preparation, ground geophysical surveys, geological mapping and prospecting.