Final report for EL 10348, 23 January 2004 to 22 July 2005

Abstract

This is the Final report for Exploration Licence (EL) 10348 which was granted to Otter Gold Pty Ltd on the 23rd of January 2001. The licence was surrendered on the 22nd July 2005. EL 10348 is located some 50 km north west of the Tanami Mine. This was the Fourth year of tenure. Exploration History prior to 2001 included sampling for diamonds by Stockdale Prospecting. Regional loam bulk samples and additional surface samples were taken and kept for most sites where a loam samples was taken. These samples were taken separately from the loam samples in 'geochem' packets. These samples were purchased by Otter Gold NL and assayed with the ALS ZARG technique (0.1ppb Au detection). A maximum of 0.5ppb Au was returned. Work completed during 2001 within EL 10348 involved the assessment of any geochemical targets and ranking them within the entirety of the Otter Gold NL database. No significant targets were identified. Second year work programmes were put on hold due to minimal staff being assigned to the northern Tanami region. The take over of Otter Gold NL by Normandy NFM/Newmont also pushed the field season back with the uncertainty of staff positions and budgets. During the third and fourth year of tenure, work was at a minimum and confined to data review and assessment for the upcoming season and for surrender. Other regions were designated as higher priority targets and thus attention.