EL 7715 and EL 7957 Hercules and Hercules West Fourth annual report on areas held under continuing interests 16 March 1992 to 15 March 1996

Abstract

The annual-final report details the work in the fourth year while referencing the work detailed in the previous annuals. The work completed concentrated in the area of the Old Edna Beryl and Olympus Prospect. At Edna Beryl the work included geological mapping, rock chip and soil sampling, magnetics, gravity, 24 RAB and 12 RC holes. Magnetic and gravity have failed to produce any significant anomalies. 1138m of RAB were completed looking for extensions to the mine lode. The majority of the holes returned no significant intercepts. Hole EBRAB-13 however returned an intercept which included 2m at 338ppm Au and 7150ppm Bi with 2m intervals above and below returning values of 21.6ppm and 17.1ppm Au respectively. This result engendered new interest. This area was targeted for follow up by RC drilling 3 holes (GREP 23 and 10) returned mineralized intercepts with the best result from GREP2 which had 6m at 61.5g/t including 1m at 299g/t Au.