Fourth and final report for EL 28413 area reduced for the period 17 August 2011 to 16 August 2015

Abstract

Exploration Licences 28413 was granted to Minerals Invesco Pty Ltd (Invesco) in the Tennant Creek Region of the Northern Territory on 17 August 2011 for a period of 6 years and reduction retained on 4 December 2015 by 57 blocks was reduced. The licence is essentially located in the Tomkinson Province with an overlap in the south with the Warramunga Province. The Warramunga Formation, host of Tennant Creek Style Au-Cu mineralisation, may not extend further enough north, although all the previous drilling that failed to intersect the Warramunga Formation was shallow vacuum drilling (10-15m). Area is structurally complex with magnetic trends associated with dolerite dykes and sills which make true ironstone bodies (such as host the gold and copper) difficult to identify. The airborne geophysical survey flown over the lease area by UTS Geophysics in July 2012 was processed and interpreted and 14 targets have been selected using this interpretation. In 2012-2013 tenure year 828 soil samples and 466 rock chip samples and some specimens are completed mainly on the aero-magnetic anomalies, which mainly located in the reduction retained area. In 2013-2014 tenure year total 901.70 meters depth diamond drilling are finished in 3 drill holes with 1 inclined hole and 2 vertical holes in the reduction retained area. In 2014-2015 tenure year because of the prediction of pessimistic outlook of mining economy, the planned geological work was not carried out in 2014 tenure year to test the prospective of the tenement.