Annual technical report EL 26924 Yeuralba period ending 7 December 2011

Abstract

A review has been completed on the exploration potential of this tenement. Utilising images from the GA Airborne geophysics, it is apparent that there is an almost universally low total count radiometric response over the Mamadawerre Sandstone. In addition, there is a strong anomalism on the southern side of the unconformity with the underlying Tollis Formation, possibly associated with uranium mineralisation. The eU radiometric image is similar and shows general coincidence of anomalies with total count radioactivity. The significant conductors present on both flight lines warrant the consideration of infill EM lines at about 500m (or less) spacing. This work would provide a reasonably satisfactory 3D model from which viable drill targets could be assessed. Gold, PGM, uranium and base metal mineralisation similar to Coronation Hill style in acid volcanics of the Tollis Formation and perhaps also similar to those mined deposits (Carpentaria) in the adjacent Maude Creek Goldfield could be explored for by detailed geochemical stream sediment and soil sampling.