2008 Annual report on EL 24841 Murphy project

Abstract

Work during this period comprised a review of past exploration, and the results of the companies airborne EM/magnetic survey and a comprehensive mineral assessment, incorporating the airborne survey in addition to public domain geological, geochemical and geophysical data. An ambitious detailed Alpha Particle Track Etch survey led to a major RAB scout drilling programme over targets that were defined by the surveys. Results of preliminary evaluation revealed six target areas, which extend on to contiguous EL's held by Bondi. The EM survey and mineral assessment also found highly conductive mafic intrusive dyke and sill complexes which are thought to be the conduits for flood basalts found in the southern portion of the McArthur Basin. Eight 'high risk' Cu-Ni targets areas associated with these mafic complexes were also selected. It is planned to evaluate the best of these targets via drilling to confirm the potential for this type of mineralisation in the area in due course.