Combined annual report presented for MCC 888 to MCC 895 (Hermitage or Explorer 26) for the period from 12 October 1991 to 11 October 1993

Abstract

1 diamond hole was completed to 225m to test for the interpreted extension of the mineralised zone. No ironstone was encountered, no anomalous values were obtained from the target zone. Minor Au-Cu mineralisation was intersected in the pre-collar at 0.87 g-t Au, 1.1 percent Cu and 160ppm Bi. Downhole magnetic data suggests that the hole just missed a magnetic body. Modelling suggests a magnetite ironstone rim to a larger ellipsoidal hematite ironstone body. A fault offsets part of the ironstone.