Annual report MCN 4277

Abstract

MCN 4277 was purchased from D.J. Langley and N.T. Gold Pty Ltd by Morestoe Pty Ltd on 14 February, 1996. This tenement was transferred to Agricola Gold Ltd on 3 February, 1997 and renewed on 4 April 2005, ending 12 March 2010. The Watson Prospect is located some 15 km due south of Tortilla Flats. The prospect is covered by MCN 4277. Mapping by WMC delineated a northerly trending gossanous stockwork of quartz veins contained within a sequence of wacke-dominated units together with a similarly trending quartz reef which recorded rock chip assays up to 18.1 g/t Au. Both the stockwork zone and the quartz reef are associated with anomalous gold values in soils. WMC drilled a series of five RC holes (RARC 4 - 8) drilled to test the area highlighted 7 intervals exceeding 1.0 g/t Au over narrow, 1 - 4 m widths, with the best intersection being 1 m at 4.84 g/t Au. MCN 4277 (now called Watson Prospect) is located to the west of Mt. Foeische and consists of a fractured and highly strained area, associated with the complex folding that underlies this topographical feature. The area has numerous quartz veins of varying ages and degrees of alteration, ranging from the standard white bucky quartz veins that are mostly barren, to the F1 white quartz veins that contain spectacular coarse gold over small short lengths, to the gossous quartz veins and stock works that contain gold values up to 25.2 g/t. The geology of this area is an inter-bedded sequence of wacke and silt-stone, with rare inter-beds of pyritic mud-stone folded in a complex sequence with numerous northsouth fold axes. The general north-south orientation of the features at MCN 4277 area is interrupted by quartz filled tension gashes, with a north-easterly direction, and when these intersect the north-south feature, areas of gold enrichment occur.