Annual report for EL 10228 'Blueys'

Abstract

EL10228 was pegged over Blueys Ag-Pb-Cu prospect by imperial Granite and Minerals P/L in 2001. Blueys was discovered in 1983 by Petrocarb Exploration NL who were prospecting the area for tungsten-molybdenite mineralisation. A 300 x 200m grid was erected over the areas of surface mineralisation and soil sampled revealing a 29grams/ tonne silver anomaly. Nine shallow vertical percussion tested the above soil anomaly with mixed results. They were drilled on a single north-south traverse over the center of the soil anomalies to a maximum vertical depth of 46m. In 2001 Silver Standards Australia Pty Ltd farmed into the project and proceeded to drill eleven inclined (60degrees)RC drill holes mainly along an east west orientated traverse centered on the mineralised discovery outcrop. Again results were mixed however the above program confirmed the presence of a high grade silver surficial (0-5m) supergene blanket possibly upto 300m long. In 2002 Silver Standard conducted a moving loop EM survey over Blueys, Slate Hole Bore and Dragon on the Ground Prospect. Two late time EM anomalies were delineated by the above survey and require following up.