Second annual report for EL 24282 and EL 24283

Abstract

These ELs are held to drill test the gold potential of the Amadeus Basin. The exploration model is based on an analogy with the Witwatersrand Basin in South Africa. The presence of deep-seated shear zones and thrust faults, high geothermal gradients, the presence of sulfide-bearing quartz veins and other sulfides are seen as conducive to the transport and deposition of hydrothermal gold. Particular interest is focused on the unconformity at the top of the Bitter Springs Formation. Delays by the Department in approving a work program and protracted negotiations with the CLC and AAPA have meant the proposed program of six diamond holes has been postponed.