Annual report for EL 27625 for the period 28 July 2012 to 27 July 2013

Abstract

Application was made for the area following relinquishment by Sammy Resources in 2009. Tenure was granted to Robert and Shelagh Krummel on 27th July 2010. The title holder had worked in the area with Australian Geophysical in the 1960's, and considered that further work would identify additional mineralisation. The exploration licence areas are centred around the axis of the Limbla Syncline, a bedded sequence of Proterozoic sediments, of the Pertatartaka formation. It lies to the south and south west of the highly metamorphosed Harts Range complex, within the Arunta Block. We consider that the carbonate rocks, and the associated ultramafics of the Limbla Syncline have the potential to host copper-lead-zinc deposits at depth. We believe that mineralisation may have migrated down dip, and accumulated at depth, and consider that the ultramafic may have been a factor in the mobilisation or deposition of mineralisation. Previous exploration drilling has not penetrated further than 100m below surface. Examination and sampling of core from BMR Illogwa Creek 6 has provided further information on the upper Proterozoic sequence in the core of the syncline. Limited field work was undertaken in 2012-13 to locate and assess the mineralisation potential of this area. Reconnaissance of the area has not identified accessible outcrop for sampling.