AC 74 Kurinelli annual report year ending 21 July 2007

Abstract

No samples were collected from within exclusion zones around Aboriginal sacred sites advised by the Central Land Council. No samples were collected from within granted mineral claims, and priority applications for mineral claims, held by unrelated parties without their permission. A total of 3597 metres in 57 slimline reverse-circulation percussion drill holes (Phase 3A) were completed in AC 74. Phase 3A was targeted to test the extent of the Au-in-soils geochemical anomalism identified by detailed (25 x 50 metre-spaced) soil sampling programmes within phases 2B and 2C. Phase 3A drilling was completed just before the end of the previous reporting term however the geochemistry and laboratory checks largely occurred in the reporting term. No wide coherent zones of economic gold mineralisation were identified in Phase 3A. Despite this, numerous anomalous gold intercepts were identified at depth, with the following 2-metre composite results: maximum 2-metre intercept was 6.77 g/t from 44 metres in KNRC019; 9 x 2-metre intercepts were above 1.0 g/t; 19 x 2-metre intercepts were above 0.5 g/t; best assay was 47.2 ppm in a 1 metre sample in KNRC019. The drill testing of anomalous Au-in-soil zones was generally successful with anomalous Au mineralisation identified at depth in more than half of the exploration holes. This suggests that most of the gold in the soil profile is probably locally derived, particularly in the western parts. Results in the southeast were disappointing and suggest that some of the Au may be transported. The 2006 RC drilling programme are reported here in full.