Collation of data and recommendations, Cleo's Gift Prospect

Abstract

The Cleos Gift prospect lies on the Tennant Creek goldfield approximately 22kms on the bearing of 340 degrees True North from the Tennant Creek township. Cleos Gift is a quartz-hematite body that occurs with the Carraman Formation of the Lower Proterozoic Warramunga Formation. It occurs on the Southern limb of a broad regional anticline. Auger drilling at the prospect defined significant geochemical anomalies in the vacinty of the Cleos Gift shaft (max 112 ppm copper). Chip samples of the load revealed anomalous assays for copper (max 900 ppm), lead (max 60 ppm, bismuth (max 0.7%) and molybdenum (max 110 ppm), but only traces of gold. However 40 tonnes of rock from the shaft yielded 4.8 dwts of gold per ton. Cleos Gift have a mean sample value of 406 ppm (standard deviation 246 ppm or 0.66). Samples of Peko ironstone have a mean copper vlaue of 340 ppm (standard deviation 145 ppm or 0.43). An airborne magnetometer survey indicated only minor response in the Cleos Gift area. A combined geochemical - geophysical survey is recommended at the prospect.