Annual report ERL 116 Mount Porter for the period 12 September 1995 to 12 September 1996

Abstract

Work on ERL116 comprised the drilling of 2,569.1 metres in six primary targets. The search was for a deposit of the Cosmo-Rowley Lead-Dakota style hosted by 1.85 by old silicate-sulphide facies Banded Iron Formation. The two best intercepts for gold mineralisation occurred in MPDH230 and 231; 12m at 0.95 g-t and 7m at 0.46 g-t Au, respectively. Although of sub-economic significance only, the intercepts do promote or 'open-up' the possibility of the existence of a high grade deposit between the known deposit, '10,400', and grid area 12,200mN.