EL 23684 Western Creek Project Annual Report 17 June 2004 to 16 June 2005

Abstract

The Western Creek project (EL 23684) is located 78km south west of Larrimah. The area is relatively unknown geologically and is believed to lie in the middle of the Palaeozoic Daly Basin, overlain by shallow Cretaceous sediments, and younger surficial deposits. Only surficial deposits are mapped in the area. During the initial phase of exploration of EL 23684, work consisted of: Literature research of previous exploration, geological survey and geophysical survey over the EL and surrounding district. Work conducted so far included acquisition and interpretation of departmental geological and airborne geophysical data sets, planning for upcoming field program and collection of rock samples. It also included analysis by low level scans for 63 elements including precious metals and platinoids. In addition, visits to other stakeholders in the area for introduction purposes were completed, and the Sacred Sites register was searched. In year 2, a visit to the area was made in company with the Company's diamond expert consultant to inspect possible sample sites identified from studies of imagery and airborne geophysics. It was decided that it would be necessary to do shallow drilling of drainage channels to collect suitable material for heavy mineral analysis. Additional rock chip samples were collected and these returned anomalous metal values consistent with those previously obtained. The results of rock samples are broadly anomalous for a range of metals associated with a wide range of mineralisation types. Further work is warranted to characterise the target and locate a centre to the widespread elevated values. Shallow sampling of drainage channels, and more extensive rock geochemistry is planned for the next term of the licence. Efforts will be made to interest joint venture partners in stratigraphic drilling to evaluate the intriguing setting, which seems at odds with the conventional interpretation of the regional geology.