EL 23687 Lake Woods Project Annual report 17 June 2003 to 16 June 2004

Abstract

The Lake Woods project (EL23687) straddles the Stuart Highway about 40km north of Renner Springs, and about the same distance south of Elliot. It lies on Tandyidgee and Powell Creek Stations owned by Consolidated Press Holdings Limited, and Helen Springs Station owned by Stanbroke Pastoral Company Pty Ltd. Bedrock in the area is Middle Proterozoic Renner Group sediments, intruded by pre-Cambrian dolerite. During the initial phase of exploration of EL23687, work consisted of: Literature research of previous exploration, geological survey and geophysical survey over the EL and surrounding district; Data compilation; Acquisition and interpretation of departmental geological and airborne geophysical data sets; Planning for upcoming field program; Field geological reconnaissance and collection of alluvial stream sediment and rock samples; Analysis by low level scans for 63 elements including precious metals and platinoids; Preparation and mineralogical examination of diamond samples; Interpretation of results; and Planning and budgeting. In addition, visits to other stakeholders in the area for introduction purposes were completed, and the Sacred Sites register was searched. The results from one rock sample are considered to be broadly anomalous for base metal deposits generally, and further work is warranted to further characterise the target and locate a centre to elevated values. While drainage in the area is poorly developed, it is intended to use imagery and airborne geophysics to select sites for for further stream, and loam or gravel sampling during the current term of the EL.