GR214 Daly Waters Project Annual group report

Abstract

NRE has carried out a detailed geological assessment of its Daly Water Prospects, during the first year of grant. NRE's exploration activities during this first term also included considerable research prior to a site visit and initial reconnaissance program. Research included review and compilation of the data in the Northern Territory Geological Services open file reports, air photo imagery and examination of the latest geological maps. NRE also carried out XRF analysis of water bore cuttings across the Daly Waters Project held at the Darwin and Alice Springs Core Libraries. NRE identified potential base metal mineralisation from these activities and thereafter designed a limited drilling program in order to obtain key geological information currently unavailable across the region, for example, depth to basement, as well as establish whether base metal mineralisation existed at a depth deeper than the somewhat shallow water bores previously drilled in the Daly Waters Region. NRE applied for and was successful in its application for Drilling Collaboration with the Northern Territory Government as part of its Bringing Forward Initiative Program. NRE conducted a site visit and initial reconnaissance program on its Daly Waters Project as well as lodged a Mining Management Plan in respect of its drilling program. NRE has met all work and expenditure commitments for its Daly Waters Project for the term of the licence.