EL 28462 Giants Reef Conductor Drilling Collaboration Report

Abstract

A diamond drilling program was carried out by May Drilling Pty Ltd on EL 28642 with funding assistance from the NT Government under its Geophysics and Drilling Collaboration Program. The drilling program consisted of a single 401.7m deep diamond drill-hole to test a large conductive anomaly defined from Geoscience Australia Tempest airborne EM and fixed loop ground ground EM data for VHMS style base-metal mineralisation. The drilling phase of the program was carried out from 10 January 2014 to 8 February 2014. The drill-core intersected a sequence of bedded arenites and muscovite schists in the upper part of the hole separated by a fault-zone at 296m down-hole from bedded arenites, carbonaceous siltstones and carbonaceous shale in the lower part of the hole. No significant base metal mineralisation was intersected. The EM conductors are interpreted to be caused by graphitic units. A total of 16 half core samples were taken for assay for precious and base metals. An additional 5 half core samples were taken for graphitic carbon analysis.