EL 5468 Running Creek, EL 7174 Collar Creek, EL 7225 Hobblechain Creek, NT, combined annual report for period ending 30-03-1992

Abstract

Exploration based on locating a Red Bank style of deposit. To this end several likely sites (Stanton, Billton, Archangel and Monster) were examined by a shallow drilling project and ground magnetics. No significant assays were obtained from the Monster Prospect. The remaining prospects returned elevated copper and cobalt values. Billton and Stanton prospects returned anomalous gold values -6m at 0.16g-t Au from PD90RC10 Billton, and 6m at 1.2g-t Au from PD90RC13, Stanton Prospect. DD91CCKI returned no anomalous base metal values from the Gold Creek Volcanics. It did return 2m at 0.11pp Au from this unit. Elevated Cu, Co and Zn values (1116ppm Cu, 174ppm Co and 1470ppm Zn) were obtained from units of the Wollogorang Formation. Assays of material from the Settlement Creek Volcanics recorded elevated Zn (920ppm) and elevated Ba (1300ppm) values. The work to date has downgraded the potential of cupiferous breccia bodies in EL5468, and shown a broad potential for sediment hosted base metal mineralisation with the Tawallah Group.