Final report for EL 10060

Abstract

This final report summarises the work carried out in EL 10060 to the end of December 2005 and presents the details of the work undertaken from January 2006 until 4 July 2006 when the licence was surrendered. Exploration work consisted of detailed review and evaluation of the mineral potential of EL 10060 including open file magnetics, gravity and radiometrics interpretation and depth to basement assessment. Field investigation was undertaken during the review and target features were identified. It involved collection of three drainage samples and 60 lag samples surface lag samples. An interpretation of the aeromagnetics showed that the western and central portions of EL 10060, under younger cover, had a linear magnetic signature, quite different from the subcrop/outcrop in the east and east of the area, which is dominated by intrusions of the nonprospective Proterozoic Kulgera Suite. Nickel, copper and chromium occurrences to the south of EL10060 in South Australia, held under title mostly by Rio Tinto, are associated with major north-trending structures. These structures are interpreted from gravity and magnetics data to trend into the central portion of EL10060. A program of surface lag sampling, involving the collection of sixty (60) samples on four broadly-spaced (~5 km) north-south lines, failed to detect any base metal, nickel or gold anomalism associated with the interpreted magnetic structures and bodies.