Amalgamated annual and final report GR 247, EL 27629 and EL 27642 Utopia for the period 8 April 2010 to 19 June 2013

Abstract

Two Exploration Licences EL27629 and EL27642, back-to-back, were granted to Oneva Exploration Pty Ltd (Oneva) on 8th April 2010 for 6 years. Oneva's objective was to sample prospective Georgina Basin and Arunta Region formations for tantalite, gold, bismuth, niobium, tin and tungsten, however, during the first year, prolonged heavy rainfall and flooding washed out all sampling work. Oneva's late start Ionic soil orientation sampling yielded encouraging gold results from targeted areas. Phase-1 orientation sampling yielded 112 off Ionic soil samples from nine targeted areas. The assay data indicates primary gold at three of these areas and anomalous base metals with highly elevated (anomalous) REE across the remaining areas, particularly to the south-west at Area 6. Phase-2 follow-up gridlines were carefully established and 163 Ionic soil samples collected from the same three gold anomalies Areas 1, 8, and 9 only. Assays indicate further anomalous and contiguous gold from a primary source across two of these superimposed grids. Assay data from the third superimposed Area 9 grid indicates a zone of cohesive base metal anomalism, extending easterly from primary gold (on western boundary) detected in orientation sampling. A total of 26 soil samples registered primary gold response. Geochemist RD Birrell was commissioned to interpret phase 1 sample assays. Subsequent phase 2 superimposed gridlines across three anomalous gold zones produced contiguous yet low value gold responses and identified a play of heavy metals from ionic soils. Geologist MJ Pankhurst was commissioned to evaluate and link sampled field targets to Oneva's phase 2 geochemistry data. Thereafter without securing a financial partner, Oneva reluctantly surrendered both licences.