Final report Reynolds Range Northern Territory exploration licence 7343 for the period 30 May 1992 to 28 April 2000

Abstract

The systematic exploration has led to outline a region with in excess of twenty kilometers of multielement (gold, silver, antimony and lead) anomalism that contains eight significant prospects. These are defined by closed spaced bedrock geochemistry and all have significant alteration systems associated with structural packages and/or magnetic features. Further work is required to test for economic mineralisation at Yataghan and Falchion. The Reynolds Range tenement package controls gold mineralized trend (structural corridor) over 60 km with width of this zone is 5 km. Gold mineralisation discovered to date is associated with quartz stringers and fine disseminated sulphides generally pyrite and arsenopyrite in sericite alteration zones in Lander Rock Beds. Other significant mineralisation associated with gold is antimony. Other mineralisation styles are pegmetite hosted tin mineralisation and vein hosted base metal mineralisation. At Sabre prospect /gold/arsenic/antimony anomaly defined by vacuum drilling extends over an area of 10km by 0.5 km. Significant RAB results are 30m @ 2.5 g/t Au, 16m @ 2.2 g/t Au and 15m @ 2.1 g/t and diamond drilling of 26 m @ 2.2 g/t Au. Drilling results at Falchion prospect included 12m@ 3.9 g/t Au, 4.2 % Sb and 1.8 g/t Ag. Eight km of the Sabre Falchion zone Yataghan is located along the same trend of anomalous bedrock geochemistry. Results from the RAB drilling include 13m @ 0.43 g/t Au. Highly anomalous and significant results were returned from other prospects in the Reynolds Range area including Pine Hill Mine, Reward Mine, Assegai and Cu Vein.