Annual report for EL 23092 for period 13 February 2003 to 12 February 2004

Abstract

EL 23092 was acquired to investigate the prospective Vizard Group within the northern McArthur Basin for lead-zinc deposits similar to the McArthur River deposit. The work carried out on EL 23092 during the first 12 months included a review of available regional exploration data and a reconnaissance airborne TEM survey. Further work is warranted on the EL to ground truth the airborne TEM anomalies and follow-up two unexplained zones of anomalous lead and zinc stream geochemistry. Field work is expected to commence after an exploration agreement with the local Aboriginal community is negotiated over an adjacent EL Application 23139. Work in Year 2 will include ground investigation of airborne TEM features and further geochemical stream sampling, soil sampling and ground based gravity over two delineated areas of anomalous stream geochemistry. Data from this additional surveying will be modelled and potential drill targets identified.