Annual report on GML 14D, GML 16D, GML 22D to 25D and GML 27D Mt Todd

Abstract

GML's 140, 160, 220 to 250 and 270 near Mt Todd in the Northern Territory cover two prominent gold bearing reefs (Quigley and Tollis Reefs) and part of a third (Jones Bros Reef). Hosted by the Burrell Creek Formation, the main auriferous reef (Quigley Reef) strikes north-south and dips 30 deg to 50 deg to the west. Recent exploration, costean and adit sampling and drilling on the Quigley Reef has delineated a tabular gold-bearing reef averaging 0.8 metres in true width. An in situ indicated reserve of 160,000 tonnes of oxidized mineralization with an average grade of 6.3 grams per tonnet has been outlined. An additional drilling programme to extend and prove up known mineralization is proposed. A preliminary feasibility study is also proposed for the area, engineering studies for which are currently underway.