Year 5 Reduction report EL 27526 Ooratippra Project for the reporting period 3 March 2010 to 2 March 2015

Abstract

During year 5 CKA reduced EL 27526 by 190 blocks this report details exploration undertaken on the relinquished ground for the duration it was held. In 2010 the previous owner of the Ooratippra project ELs, NT Resources Ltd, applied for and was awarded a 'bringing forward discovery' geophysics collaboration with the NT Government for the Ooratippra project. A 1km spaced gravity survey was completed by NT Resources as set out in the collaboration. A total of 670 stations were taken within the relinquished ground. Anomaly Q was identified. In 2012 CKA completed (using Atlas Geophysics) 200m infill gravity grids (150 stations) which partially covered the relinquished ground and were targeting anomalies in other tenements. Geophysical analysis included enhancement of magnetic signatures utilising the latest data enhancement and analysis techniques, estimation of magnetic source depths and mapping of major magnetic elements and lineaments. Based on the results CKA has not located any significant residual gravity anomalies that warrant further work and are of drillable depth within the 190 blocks.