1st Annual report for SEL 23660 Cashel for the period 3 April 2003 to 2 April 2004

Abstract

This is the first annual report for SEL 23660 (Cashel) covering the year to the 2 April 2004. SEL23660 is located within Aboriginal freehold land approximately 65km east of 'The Granites Gold Mine' operations (MLS8) and situated approximately 600km northwest of Alice Springs in the Granites-Tanami region of the Northern Territory. The licence was granted on the 3rd April 2003. A review of all previous exploration completed on EL 1060 and 6759 was undertaken in 2003. The review focussed on re-interpretation of past drilling and surface sampling with respect to the CRCLEME regional regolith and landform mapping completed on the licence area in 2000, as part of a Tanami-wide project. In 2003 the SEL was included in a Tanami-wide regional structural mapping project. This project commenced in October 2003 and is still in progress. In conjunction with the structural project, ASTER (Advanced Spaceborne Thermal Emission and Reflection Radiometer) satellite imagery has been purchased, and is currently being interpreted to provide regional lithological, structural and mineral alteration signatures. It is proposed that future work will involve the evaluation of prospect areas defined by target generation from the regional structural and ASTER studies. Conceptual targets outlined will be assessed using surface geochemical sampling and/or aircore / RAB drilling, depending on the particular geological and regolith settings.