Final report for EL 25090 for the period 2 October 2006 to 1 October 2010

Abstract

This report details work undertaken on EL 25090 in the period from 1st October 2006 to 1st October 2010. The tenement was originally granted to Mincor Resources NL then transferred to Mincor Zinc Pty Ltd on 10 April 2007. Work in the tenement area was retarded for the first year by the delay in negotiation of an access agreement with the Central Land Council and time was consequently used to conduct a review of existing geological and geophysical data. Exploration carried out subsequently comprised a detailed gravity survey (2 km point spacing), 3 dimensional modeling of the regional geology based upon interpretation of these data in combination with stratigraphic boundaries extrapolated from historic seismic traverses and associated drill hole logs, as well as collection and geochemical analysis of soil samples using Ionic Leach and ultra-trace determination by ICP-MS. The number of soil sample traverses possible on the tenement was limited by the considerable extent of heritage areas. The chemistry of the traverse completed does not indicate a likely history of possibly fertile fluid movement in the interpreted faults and thus the probability of locating economic zinc or lead mineralisation is deemed very low. For this reason the tenement has not been renewed.