EL 29048 Second annual report for the period 3 July 2013 to 2 July 2014

Abstract

The licensed area is considered to be prospective for Cu, as there are two copper occurrences in the area, Crowson's Prospect Cu in the south and an unnamed Cu occurrence near Shoe Tool Bore in the north. In the south part of EL 29048, traces of secondary copper minerals have been identified in weathered basalts along the contact zone between basalt and the Montejinni Limestone. In the north part, near Shoeing Tool Bore, fine-grained malachite was identified in weathered basalts in the vicinity of intercalated chert and limestone. Positive Cu stream sediments geochemistry anomaly locates in the immediate vicinity of Crowson's Prospect (Cu). A few weak positive copper anomalies within EL 29048 license area locate near the areas where basalts are in contact with intercalated chert and or limestone. Copper enrichment could be related to fluid activities along the contact zone. Due to thick Quaternary cover, ground check gravity anomaly has failed to get any meaningful results. Ground geophysical survey may be needed to clarify the anomalies.