Exploration Licence EL 734 Arnhem Land West JV, year end 12 May 2000 Annual report

Abstract

The primary exploration target is unconformity related vein type uranium deposits similar to the nearby Ranger, Nabarlek and Koongarra deposits. Exploration work undertaken during 1999 included RAB drilling (80 holes for 1711 metres) and ground magnetics (45.6 line kilometres). Fishtail and TP11 were the only specific prospects investigated. The most significant results included further improvements to the accuracy of the tectonostratigraphic map, specifically relating to the extent of the prospective pelitic lithologies by RAB drilling, and on-going definition of the alteration zone at the Fishtail uranium prospect. The drill holes have been centred on the intersection of the Fishtail structure with Oenpelli dolerite. Magnetic elevated results coincide with the intersection of the northwest trending structure and the south dipping Oenpelli Dolerite.