MCN 668, 669, 670, 671 McKeddies Prospect, Combined final report GR155

Abstract

Mining Claims MCN 668-671 were acquired by Whitvista Pty Ltd in 2006. The original grant date was 17th November 1983. The Mining Claims consist of 68 hectares (three claims at 20Ha each and one claim at 8Ha. Apogei Pty Ltd held these claims in recent years and now Padbury Mining Limited (PDY) holds 80 percent and Yellow Rock Resources Limited (YRR) holds 20 percent. Padbury Mining Limited is the operating partner of the licence. Recent fieldwork revealed extensive alteration and weak gold anomalies with values from 0.3 grams per tonne Au in alteration to 8.15 grams per tonne Au in quartz veins in addition to strong arsenic anomalies exceeding 10 ppm and up to 100 ppm within an anticline structure of repeated sedimentary units. Field mapping in preparation for future drilling program is planned. No testing has been completed for uranium on these tenements. In 2008 an airborne geophysical (Magnetic and Radiometric) survey was undertaken by GPX Airborne Pty Ltd and submitted previously. No field activities were undertaken in this reporting period. Exploration activities completed to date indicate that the geophysical surveys carried out on the McKeddies tenements confirm NE or ENE fault structures that could be suitable hosts for gold and confirmed the presence of uranium anomalies at 1.5-2.1 times background levels. The uranium anomalies may be related to channel structures and confirm that follow-up rock chip sampling is necessary for both gold and uranium. Studies have yet to establish the cause of the uranium count anomalies. The company and it's parent company Padbury Mining Ltd surrendered the four mining claims due to them being small size and uneconomic to proceed any further with exploration. Apogei Pty Ltd and Padbury Mining Ltd wished to concentrate on their major iron ore assets in Western Australia.