EL 2858 Goomadeer Project, Surrender report

Abstract

This report describes exploration work undertaken within Exploration Licence 2858 over the four years of tenure between 2000 and 2004. The tenement is located in northwestern Arnhem Land and was granted on 25th July 2000. The focus of the exploration strategy is the discovery of unconformity-related uranium deposits. The nearby economic deposits at Ranger, Jabiluka, Koongarra and the now depleted Nabarlek mine serve as models for this strategy. The presence of gold, palladium and platinum in these deposits plus the economic gold-platinum resource at Coronation Hill in the South Alligator Valley, indicates an additional potential for this deposit style. Exploration work undertaken during the period includes fixed wing airborne surveys, geological reconnaissance mapping and sampling. Two outcrop samples are located within the surrendered area, and represent the only observed exposure of basement rocks within the area. There were no results of significance obtained from the work carried out. Geological interpretation has shown that most of the relinquished land is comprised of low prospectivity Nimbuwah Complex granitoids overlain by Cambrian sandstone and Cretaceous to recent unconsolidated to semiconsolidated sands and sediments.