Fifth annual report on EL 9421; 13-05-2000 to 12-05-2001

Abstract

Exploration in this area is targeting Tennant Creek-style ironstone hosted Au-Cu deposits, with a secondary target of auriferous quartz lodes. The exploration on this tenement during its fifth year of tenure comprised of a helicopter borne surface-sampling program with 7 lag and 10 soil samples collected. This work defined just one anomalous area worthy of follow up. The single point weak lag anomaly is located at 381270E, 7773660N (AGD66 Zone 53) containing 1.2ppb Au. The maximum gold value in the soil samples was 1.16ppb. In the sixth year of tenure this anomaly will be further defined by detailed surface sampling and if deemed appropriate tested by appropriate drilling techniques.