Final report for EL 9592 23 October 1996 to 3 December 2004

Abstract

Activities during the tenure of the licence focussed on regional surface sampling and remote detection of targets within the licence as well as detailed surface sampling, rockchipping and RAB drilling. 1996 - 1997: Delays experienced arranging and conducting sacred site clearances prevented any on-ground exploration of this licence in the first year of its term. 1997 - 1998: Reconnaissance loam sampling carried out by Stockdale on a 2km by 2km grid. Whilst sampling, a second smaller, sample was collected, these were then re-assayed by Otter Gold NL for low level gold using the ALS ZARG method. Analysis of results from this broad grid showed anomalism that appears coherent over several kilometres. 1998 - 1999: Work included Regional soil sampling programmes and infill of targets generated within these programmes, with follow up of one target by Angle RAB (21 RAB holes for 1,368 metres). The highest significant intercept values were 2m @1.70 g/t Au, 6m @ 0.78g/t Au and 2m @ 1.46g/t Au. Over 1,268 surface samples were collected. A mapping exercise over the Happyjack region concluded that finer grained 'intrusions' exists within a coarse grained porphyry. There were also two types of quartz veins, igneous and mesothermal. The mesothermal veins tend to parallel the 'intrusions'. The igneous veins appear to produce alluvial gold in near by creeks. 1999 - 2000: 2306 soil samples were taken on a 400m x 400m grid. Analysis was conducted using the ZARG method. Anomalies from 0 to 2.6ppb Au were reported in the results, 14 of these were above 0.5ppb Au. Relatively small areas of geophysics inclusive of radiometrics were flown over the Happy Jack and Jumping Jack regions by UTS geophysics at the beginning of the Licence year. A 5km x 8km survey was flown over the Happyjack region in the north of EL 9592, and a 5km x 5km survey was flown over a region known as Jumping jack to the south. 2000 - 2001: A field excursion with the aim to show DME geologists the location of the Happyjack quartz veins that ran at approximately 20g/t Au and visit some of the BMR mapped north south trending quartz veins that occur to the south of the Happyjack prospect. Results were less than detection (<0.02ppm Au). 2001-2002: Work conducted within EL 9592 between 2001-2002 included a study of previous work completed within the Licence by Otter Gold NL by Newmont NFM staff. The ground was partially relinquished and put under application as SEL 23367. 2002-2003: Work has concentrated on a review of available data, geology and magnetic signatures within EL 9592 for the purpose of defining field work for the 2004 proposed budget. 2003-2004: Work included a Helicopter supported reconnaissance programme with 631 samples (analysed using the Newmont proprietary technique) collected at 1km x 1km spacings (reduced to 500x500m over the Happy Jack prospect). Six rock chips were also taken. 2004: Work included a Helicopter supported reconnaissance programme with 627 samples (analysed using the Newmont proprietary technique) collected at 250m x 250m spacings infilling regions of previous anomalism.