Fourth annual report exploration licences 8283, 8284, 8931 and 9249

Abstract

Exploration Licenses (EL) 8283, 8284, 8931 and 9249 were granted to the Central Desert Joint Venture partners (Otter Gold NL 60% and Acacia Resources Ltd 40%) on October 13th 1997. The four exploration licenses are subject to a Deed (Frankenia) between the CDJV and the Traditional Owners executed 01/08/97. The Frankenia tenement group comprises a significant proportion of the Granites-Tanami Province. The tenements are viewed as a single project.

Work during the 4th year of tenure focused on analysis of newly acquired magnetic data with respect to existing geochemical targets. Anomalies were ranked against those of other Tanami projects and a programme designed to test targets on order of merit was instigated.