1959 Geological report on the Olive Wood Prospect GML 242E, Tennant Creek

Abstract

Olive Wood prospect is about 1.5 miles east of Orlando in a similar geological setting. Interest is not on the old workings, rather the magnetic anomaly which occurs on the adjacent One-O-Three lease and extends onto the eastern end of the Olive Wood lease. Sufficient geophysical data now exists for accurate contouring and correlation to the geological surface plan. It is surmised that the magnetic anomaly could be a mineralised diagenetic breccia carrying gold and copper. Secondary bladed hematite is considered indicative of former sulphides. BMR is currently working in the area.