First annual report for EL 27751 Epenarra for the period 20 July 2010 to 19 July 2011

Abstract

EL 27751 Epenarra is located some 530 km N N-E from Alice Springs within the Barkly region and accessed via the Stuart Highway, Kurundi-Epenarra Road, then by station tracks. The area also accessed via Murray Downs Station, thence northwards via Old Police Station Waterhole. No known mines or viable mineralisation discoveries have been reported. However, to the northern sector and immediately west, Arafura Resources in 2005 reported a coherent zone of elevated gold-in-soil covering a surface soil grid area of about 6 sq km, some 10km SE from Wutungurra (Epenarra) on ground now held by Oneva (EL 27628). The highest quadrant of Arafura's discovery realised 3 to 13ppb gold and with the greater anomaly area positioned westerly, leading onto the NW boundary of Oneva's EL 27751. Oneva selected these back-to-back areas chiefly in search of gold and tungsten. There is also a possibility of lithium, vanadium and fluorspar discoveries. At the Kurinelli field, located westerly across the Frew River, small gold lodes were historically mined using light stampers. A further 40 km south at Hatches Creek, gold, wolframite, scheelite, tungstite and bismuthite with some molybdenite, crysocolla and copper was historically mined. Oneva has placed considerable effort into compiling and interpreting feature areas on satellite imagery across the combined licences. We reviewed 36 off historical exploration reports. Oneva marked 4 main feature areas on EL 27751 that have potential for gold and base metal mineralisation.