First annual report on EL 26368 Mt Michael U-Ta-Bi Project

Abstract

The Mt Michael Project consists of one granted Exploration Licence (EL26368) covering 66.66 square kilometres approximately 270 kilometers north east of Alice Springs in the Northern Territory. The tenement area is situated along the Sandover Highway in the poly-metallic Arunta Mineral Field. This report describes the results of literature research and target generation based on re-interpretation of magnetic data and exploration target generation carried out during the first and year within the Licence. In 1982 CRAE undertook helicopter-supported, stream sediment sampling in which they located anomalous values (up to 40 ppm Pb, 48 ppm Zn, 14 ppm Sn, 5 ppm Ag, 15 ppm Cu and 22 ppm U) at Dingo Creek and south Point. Follow up work did not upgrade the anomalous zones. The CRAE geologists found poorly exposed highly weathered ultramafic rock in Dingo Creek which analysed 7.6% and 35.1% Mn in two samples. No gold assays were reported. During January 2009 consulting geologists Kastellco Geological Consultancy ('KGC') identified high potential uranium and magnetic exploration targets which resulted in the identification of several targets that warrant further work.