GR293 Second group annual report for the period 17 August 2012 to 15 October 2013

Abstract

In 2012-2013 tenure year 828 soil samples and 466 rock chip samples and some specimens were collected mainly on the aero-magnetic anomalies. So far there is not any significant gold or base metals mineralisation identified in the 2 tenements area. However, geochemical exploration undertaken has been limited and surface sampling appears to be ineffective due to the transported nature of Quaternary sedimentary cover. Certainly, magnetic interpretation of geophysical data has identified magnetic ridges which are several kms in length. These ridges may have been folded into thicker meta-sedimentary sequences and fold hinges or anticlinal structures. Such structures are important gold bearing features in the Tennant Region. Also the field geologists think the west of the license is prospective for Uranium deposits. In 2013-2014 tenure year about 1000 meters 6 holes of RC drilling is proposed for testing the mineralisation of geology and geophysical and geochemical composite anomalies.