King River Project EL 734 Annual report 2002 Field Season

Abstract

Exploration activities during the seventh year of tenure consisted solely of a RAB drilling program, which covered specific areas of the Myra Falls Metamorphics (MFM) stratigraphy. The aim of the program was to follow up prospective results from the previous years' drilling and to investigate pre-existing anomalies as well as adding further geological clarification in the process. A north west striking anomaly some 200 metres long is suggested from the position of the anomalous holes. The range of elements present is indicative of both mafi and nonmafic lithotypes. The NIM6 airborne anomaly originated from the initial regional airborne work carried out by PNC in 1996. During the current year, thirty-four holes were drilled, most of which are located immediately north of the originally drilled airborne anomaly. Chemistry from the NIM6 holes confirms multiple lithologic associations. KRR860 was the most interesting from this grid with anomalous uranium (69ppm), nickel (575ppm) and elevated levels of Al2O3, Co, Au, Fe2O3, Li, Pd and V. Eight other holes (KRR872, 873, 875, 876, 885, 886, 887 and 888) are located in the central and south western portion of the grid and all show varying levels of uranium anomalism. Holes 872, 875, 886 and 888 have elevated U with 882 and 888 at 39 ppm and 35 ppm respectively. Other anomalous elements include As, Co, Cu, Pb, Li, Ni, V and Zn. Given that holes in various locations on the grid contain some degree of uranium anomalism, no definite trend can be firmly established. However, there is a suggestion of a broad northerly strike through the centre of the grid with a branching to both the north and north east on the most northerly line.