Year 8 annual and final report on EL 22068 Steve's Hill

Abstract

Renison had been developing a regional exploration strategy in the NT, targeting dislocations within regional structures that intersect known stratigraphical and structural features that host economic gold mineralisation, within the northern Pine Creek Geosyncline. EL 22068 'Steve s Hill formed part of a regional package of tenements that have a north-west trend, which covers what the Company has called the 'Noonamah-Corroboree Trend . The licence straddles a conspicuous zone of dislocation evident in processed aeromagnetic imagery. Several recently discovered gold prospects are aligned along this zone of dislocation over 2.5 kilometres strike extent within the Steve s Hill tenement. The source of the significant surface mineralisation found by the local prospectors in the form of nuggets and specimen pieces has not as yet been located by any significant hard rock intercepts. Several low order anomalies have been found, but none significant enough to explain the amount found by prospectors. Following the lapsing of the Option Agreement with Renison, the EL holders approached a number of parties for a Joint Venture over EL 22068. Although some interest was shown there was no Agreement finalised. There was no field work carried out in Year 8 of the licence.