EL 7274 Nob East Prospect annual report for the period 25 February 1992 to 24 February 1993

Abstract

During year one a coherent anomaly centred on the Three Thirty Mine was defined. Follow up consisted of an initial phase of vacuum drilling (343 holes totalling 2111m). Sampling revealed a coherent Au-Cu-Bi-Fe anomaly 50-199m south of the Three Thirty (peak bedrock value 11ppb Au, 1440ppm Cu, 360ppm Bi and 20 percent Fe). Geological mapping suggests that the anomaly is associated with a central shear zone. Ground magnetics have defined an inferred extension to the shear zone beyond the area vacuum drill tested. Follow up consisted of RAB drilling (12 holes totalling 660m) which confirmed the existence of sub parallel shear zones. A second phase of vacuum drilling (106 holes totalling 295m) was completed. Infill drilling is necessary. Rock chip sampling at Tunnel MC85 prospect returned generally low values. 51 vacuum holes totalling 199m were also completed with a further phase of 201 vacuum holes totalling 843m.