Combined first annual and final report for EL 22874 'Plenty River'

Abstract

This is the combined (first) annual and final report on AusQuest's Plenty River tenement, EL 22874. This tenement was acquired as part of a larger project, searching for Broken Hill Style lead-zinc-silver mineralisation within a major transcurrent fault corridor, extending WNW-ESE through the region. A recent NT Government aeromagnetics survey, flown in late 2001, provided for east-southeastward extrapolation of this corridor, apparently extending through the southwestern corner of EL 22874. However, southward deepening cover sediments of the Eromanga Basin, indicated by water bore holes, greatly limit the potential effectiveness of rapid (airborne) methods geophysical exploration (principally electromagnetics). In the absence of cost-effective exploration methodologies, and following a comprehensive evaluation of available data, EL 22874 was relinquished in November, 2006.