Second annual report for EL 24467 'Horseshoe Bend' , for the period 07-09-2006 to 06-09-2007

Abstract

EL 24467 is part of Northern Mining Limited's Finke project in Central Australia and is considered prospective for sandstone-hosted and Tertiary remobilised uranium and massive Mn mineralisation. In the second year of tenure, a reconnaissance trip was undertaken to EL 24467 to check uranium anomalies identified from the wide-spaced radiometric data and to plan logistics for future work. No drilling was undertaken. In the second year of tenure, a reconnaissance field trip was undertaken to EL 24467 to check the field expression of certain geological features and discuss logistics with the station owners at Horseshoe Bend. Two rockchip samples were collected of silicified Tertiary lacustrine carbonate sediments which coincide with prominent uranium anomalies in the wide-spaced radiometric data. These rockchips returned low, but slightly anomalous uranium results, which suggests that the airborne anomalies are not measuring uranium directly, but possibly the daughter products derived from uranium decay. If so, uranium mineralisation may have been mobilised recently and so further work is required to identify local, favourable trapsites.