EL 23517 Watts Creek annual report for the year ending 3 April 2010

Abstract

During the current reporting period a desk top GIS review and data compilation commenced using information from open file reports to identify gold and base metal exploration targets for the 2010 field season. EL 23517 is situated within the Pine Creek Progeny, a tightly folded sequence of Palace-proterozoic rocks. The tenement stratigraphy comprises basal Mount Partridge Group (Wildman Siltstone), South Alligator River (Koolpin Formation, Mount Bonnie Formation and Gerowie Tuff) and Finniss River Group (Burrell Creek Formation). The strata are folded around NNW-plunging upright to locally overturned folds, which form the south western edge of a major anticlinal structure. Inter-layered Zamu Dolerite is wide spread, particularly within horizons of the Koolpin Formation (South Alligator Group). Towards the south rock formations have been intruded by the Allamber Springs and McKinlay Granites (Smith 2006). In the project area previous sampling and drilling campaigns have defined a number of anomalous zones. Gold potential for formations within the South Alligator River and Finniss River Groups (Koolpin Formation, Gerowie Tuff and Burrell Creek Formation) is well established. However, a significant gold deposit - prospect within the Wildman Siltstone (Mount Partridge Group) is yet to be discovered. A number of soil sampling programs have shown that anomalous gold mineralisation is present within the Wildman Siltstone (Bajwah 2009) and consequently EL 23517 is considered prospective for gold and base metal mineralisation. The exploration program for the 2010 field season will include an infill airborne geophysics survey, rock chip and soil sampling programs with additional diamond and RC drilling planned, dependant on results.