EL 7366 Third and final report 1 March 1991 to 28 February 1994

Abstract

This report records and summarises the exploration work for gold and base metals carried out on EL 7366 during its three year term from the date of granting on 1st March 1991 to its expiry on 28th February 1994. EL 7366 covered an area of approximately 27 square kilometres, located east of the town of Batchelor and about 70 kilometres south-southeast of Darwin in the Northern Territory. The Licence area surrounded the Sundance gold mine, held by Giants Reef. The prime of the exploration work carried out on EL 7366 and its predecessor tenements has been to locate more gold deposits of the Sundance style, although since the discovery of the White Bomb lead-zinc-silver prospect, base metals have also been an important target. The first two annual reports on EL 7366 treated Sundance and the surrounding EL as one project. However, in 1993 a great deal of work was done at the Sundance mine, including a mining operation in which 9,300 tonnes of ore were recovered. Because of this, it was to report the Sundance activities separately, and this is now in preparation. The present report is confined to covering exploration on EL 7366, although a short summary of the work at Sundance is included. To date, the most advanced of the prospects within former EL 7366 is the White Bomb lead-zinc-silver prospect, where diamond and percussion drilling has found high grade. The White Bomb prospect is described in full in this report, together with accounts of the exploration work carried out at seven other significant gold and base metals prospects within the Licence area.