First annual report for EL 8189 ending 6 October 2004

Abstract

Geological investigations for 2004 centred on the diamond drilling of geophysical anomalies that were defined in the September 2001 MIMDAS (a high definition, high penetration induced polarisation technique developed by MIM Exploration) survey (unpublished internal MIM Exploration report). These anomalies were then ranked on their prospectivity by Logan (2004, internal company report) based on their geometry, intensity, depth, proximity to major regional structures and level of testing by previous drilling. Of these 11 targets, five geophysical anomalies that have the potential to host structurally controlled, relatively shallow (275-300m) Cooley/Coxco style coarse -grained zinc mineralisation were selected for testing by diamond coring. All five targets lie within areas that will be irreversibly impacted upon by infrastructure associated with the Mine Expansion Project (for the proposed conversion of the McArthur River Underground Mine into an Open Pit operation with a mine life of 30 years).