Annual report Gum Creek project EL 27634 for the period 9 April 2010 to 8 April 2011

Abstract

During the reporting period, Royal Resources Limited undertook a historical report review, obtaining copies of all the historical reports and commencing assembling into a database. Regional gravity and magnetic surveys were subset and reprocessed for the project area and field programmes were developed. Field activities are postponed until a heritage survey clearance has been finalised. With limited outcrop exploration will be geophysical and drilling based. Quaternary sands, subcrop and outcrop of the Mt Eclipse Sandstone cover the area and Tertiary channels are suspected to exist below the cover sequence. From reprocessing of the publised gravity and airborne magnetic data, a magnetic gravity high is apparent trending through the centre of the Licence area probably related to a basement high associated with the Davis Anticline. It is not clear at present whether this represents a post-Mt Eclipse structure or a pre-Mt Eclipse topographic high. No uranium mineralisation is evident from previous work but an old tract etch survey shows elevated counts in the southwest portion of the Licence near synclinal axis.