Final annual report EL 28519 for the period 26 October 2012 to 13 September 2013

Abstract

During the first year of tenure Element 92 Pty Ltd activities were restricted to desk top reviews and compilation of open file data, with limited field reconnaissance visits. During the final reporting period a thorough review of open file data was carried out, in conjunction with geological traversing and rock chip sampling. A total of 18 Rock chip samples were collected and assayed. A number of these samples returned anomalous assays for gold (to 0.18ppm), Uranium (to 139ppm), base metals (to 468ppm Cu, 435ppm Pb, 988ppm Pb). Most samples were of narrow quartz veins or ferruginous zones of limited extent, and are so considered to have only minor economical potential. Rock chip sampling has confirmed that a small strong radiometric anomaly at 787306mE, 8505056mN is caused by uranium mineralization. The EL was relinquished as the potential to discover economic mineralisation was considered low.