Final report for EL 26922, 15 April 2009 to 7 June 2013

Abstract

The McArthur Combined Reporting Area is situated within the highly prospective Batten Fault Zone of the McArthur Basin. The exploration target for MMG is lead-zinc deposits in carbonates of the McArthur Group. Since commencement of the Option and JV with Metals, MMG has conducted a systematic desktop review of past exploration, processing and re-interpretation of regional geochemical data (stream sediment and soil), and regional structural interpretation aimed at generating exploration targets. This work was commissioned as part of MMG's ongoing project generation programme. Dr Steve King from Solid Geology Pty Ltd completed a review of the regional structural interpretation of the McArthur Combined Reporting Area Tenements in May 2011. He was able to produce solid geology maps interpreting the Proterozoic geology under cover where possible to aid in the generation of exploration targets. No work has since been completed over EL 26922 due to staff shortages and MMG focussing exploration efforts on other tenements. Based on geological and structural interpretation, it was found that the tenement should be relinquished because it would add no value to the MMG conceptual model for exploration.