EL 27918 Sherwin Creek Final report 26 October 2010 to 2 January 2013

Abstract

EL 27918 occupies a low-lying area comprising mainly alluvial deposits thickening westwards bounded to the south by a gently folded upper Roper Group escarpment hosting BHP oolitic iron deposits A, B, C, D and E and to the north, by the east southeast-trending Flying Fox fault zone purportedly part of the regional Urapunga Tectonic Ridge. A three RC drillhole program was undertaken testing beneath the sandy plain east of the escarpment for oolitic iron deposits. A best result of 11.5% Fe over 2m from 3-5m in SC 001 was intersected however friable, dark brown/black material obstensively pulverised oolites of hematitic iron intersected from 8 - 10m assayed 3-4% Fe only? The remainder of the drillhole comprised grey to black shale likewise SC004 and SC005 from 2m to 40m. The drill program downgraded the iron ore potential of the licence considerably. In 2012 all available data acquired from 2011 program was reviewed after which licence was surrendered.