Annual report for MLCs 48, 66, 67, 176, 177 and MCCs 55, 57, 798, 801, 809, 522-524, 461 for the period ending 1 September 1997 to 25 March 1999 Camelot Central JV2 Reporting Group

Abstract

This report details work completed on MLCs and MCCs of the Tennant Creek West Group that are subject to the Central Joint Venture 2 Agreement. Since 1995, Normandy has explored the tenements for ironstone hosted Au/Cu/Bi mineralisation within the Proterozoic Warramunga Formation. The tenements were covered by a regional detailed aeromagnetic survey in October 1998. Drilling for the reporting period concentrated on the 'Chardonnay' prospect (MLCs 176 and 177), where 18 RC holes and 2 NQ diamond holes were drilled. Best intersections were 15m at 9.7 g/t Au from 108m and 2.8m at 25.2g/t Au from 175.2m. Drilling at 'Chardonnay' has defined a mineralised chlorite-magnetite shear zone. The alteration zone is hosted by Warramunga Formation siltstones and sandstones.Shallow RC drilling was also completed at 'Ivanhoe' to test for a shallow oxide gold deposit on top of the existing mine workings. Gold assays were disappointing and rule out an economic oxide gold deposit over the existing mine workings.