1998 Annual report on SEL 9927 for the reporting period 1 January 1998 to 31 December 1998

Abstract

A structural assessment of the tenement using aeromagnetic data was completed by consultants. Six rock chip samples were collected with one sample being anomalous ie 1.12ppm Au. 59 soil samples were collected at 50m sample spacing along 7 lines 200m apart and obtained 3 discontinuous gold-arsenic anomalies at the Runways anomaly. 44 RC holes were completed along two traverse lines, results were low with only one hole returning anomalous values ie 4m at 0.14g-t Au. At the Kittens anomaly 17 RC holes were drilled along a traverse line, no anomalism was obtained. Two holes drilled at O'Shea's intersected 2 to 4 metre sulphide veins within a dolerite.