2009 Annual report EL 24694 Murphy Project

Abstract

EL 24694 is located over the western end of the Murphy Inlier, NT and is held by Murphy Uranium Pty Ltd; a wholly owned subsidiary of Bondi Mining Ltd. This exploration license was acquired because the area is believed to have accessible strike lengths of the unconformity between the early Proterozoic Murphy Inlier and the middle Proterozoic McArthur Basin, in particular the Westmoreland Conglomerate. Concealed southern extensions of the Emu Fault Zone are thought to transect the area. Consequently, EL 24694 is considered to have the potential to host unconformity type uranium deposits, similar to those located in the Alligator Rivers Uranium Field at the northern end of the McArthur Basin. Work during this period consisted of reconnaissance and 200 x 800m spaced alpha track sampling on the UC18 target. The aim of this work was to (i) to map the lower Proterozoic and mid Proterozoic rocks, under the Phanerozoic cover; (ii) identify possible uranium source rocks, (iii) locate regional/local structures that display alteration indicating the passage of oxidised fluids. Results of this work include an alpha track anomaly on UC18 and a better understanding of the structure and stratigraphy, which will help target mineralization in the EL. Future work will include a detailed interpretation of the airborne magnetics and radiometrics, an interpretation of the Buffalo Gold HOISTEM survey, drill testing of the alpha track anomaly on UC 18 and ground testing of the uranium anomaly 'Benmara AU1'.