EL 10383, EL10385, EL 10386, EL 10387 Annual group report 2 September 2009 to 1 September 2010

Abstract

Heritage clearances were completed over prospective areas of EL 10386 and EL 10387, resulting in large areas of prospective ground being excluded from exploration. Reconnaissance sampling was completed over the remaining areas with soil (231), rockchip (19), leaf (215) and termite (1) samples collected. No additional sampling was completed over EL 10383 and EL 10385. Areas excluded from exploration were later relinquished. In collaboration with the Northern Territory Geological Survey, Teck Australia funded a regional gravity sampling program infilling 4km spaced sampling with 1 and 2km spaced sampling. Due to inclement weather delaying the sampling program, the data was not received until the 29 October 2010. The purpose of acquiring the data was to support regional targeting, particularly for IOCG and other intrusive related systems. Whilst the data was being collected, prospect scale exploration was advanced at the ?Glam Rock? prospect. Detailed prospect scale exploration was completed at ?Glam Rock? (EL 10386), following up the presence of trace copper in meta-sedimentary rocks previously encountered during regional sampling. The program comprised 100m spaced ground magnetic traverses and 200*200m grid sampling of soil (317) and leaf data (274) and collection of rockchips (55) supporting detailed mapping and petrography. Typical grades of copper mineralisation from prospective units range 0.15 to 0.25 % Cu with elevated gold values to 132 ppb and associated As, Bi, Ag, and Sb. Total strike length of prospective stratigraphy, interpreted from ground magnetics and from soil geochemistry is 2.5 x 0.5 km. Mineralisation is limited to discrete horizons of metasediment interleaved with barren calc-silicate/amphibolites lithologies. The potential for a large intrusive related system at Glam Rock has been downgraded with no significant mineralization identified and the elevated magnetic response being attributed to magnetite-rich stratigraphy, resulting from metamorphism of Fe-rich protoliths. The nature of copper and gold anomalism remains in question. Two other geochemical anomalies were identified from regional sampling. ?Glam West? is a multi-element base metal and gold anomaly interpreted from leaf geochemistry. ?Arrow? is a multi-element base metal anomaly interpreted from soil geochemistry. No further work was completed during this period.