Annual report for EL 6307 for the period 16 November 1992 to 15 November 1993 Mount Strzelecki Prospect

Abstract

Work completed to 15 November 1993 included 814 vacuum drill holes totalling 6,728m, 40 percussion holes totalling 1,319m and 12 RC percussion holes totalling 4,29m and a single costean. Vacuum drilling at the NW Petricks prospect defined a NW trending 1.3 x 0.6km anomaly and a further 400 x 200 anomaly. The maximum assay obtained was 1.78ppm Au. Subsequent RC drilling intercepted 6m at 1.65g-t Au. The C4 anomaly was percussion drilled returned 15m at 1.21g-t, while percussion drilling at the C5 anomaly returned 21m at 7.89g-t Au including 6m at 25.03g-t Au. A costean at C5 failed to reach bedrock. Vacuum drilling in an area referred to as the C5 extension returned a maximum assay of 29ppm Au.