Mt Shoobridge Project NT EL24528 Annual Report for the period 24 November 2005 to 23 November 2006

Abstract

Exploration conducted on EL 24528 during the reporting period included reprocessing of the Rum Jungle Geophysical Survey by Southern Geoscience Consultants, and field checking of a uranium radiometric target using a spectrometer and rock chip samples. The Rum Jungle Radiometric Survey, available from the Department of Primary Industry, Fisheries and Mines (DPIFM) website was downloaded and reprocessed by Bill Peters of Southern Geoscience Consultants in Perth. Geophysical profiles of the raw data were obtained, and these were used to identify the exact location of numerous uranium radiometric targets. In total, 73 point uranium radiometric targets were identified within the Shoobridge Project area; one of these (Target 61) was located within EL 24528, and was tested using a spectrometer and rock chip sampling. In September 2006, 10 days were spent at the Mt Shoobridge Project. A portable gamma ray spectrometer (GR-256) was rented from Fugro Instrument in Sydney. Total Count, U, Th, and K readings were taken on targets identified from the reprocessed geophysics. Rock chips were sent to Kalgoorlie Assay Laboratories in Kalgoorlie and assayed for As, Au, Co, Cr, Cu, Mn, Ni, P, S, V, Zn Al2O3, Fe2O3, MgO, Na2O, SiO2, and TiO2. Results from Target 61 were disappointing. Ground reconnaissance revealed that the radiometric anomaly was due to a silicified, cherty sedimentary unit (with minor quartz veinlets and secondary botryoidal iron) exposed on the side of a south-facing slope. Two rock chip samples were taken from the small outcrop, and the Total Count, K, U, and Th levels were also taken using the spectrometer. Spectrometer readings and rock chip results were not comparable; U levels from rock chip analysis were of a much lower tenor. Additional spectrometer readings were also taken in order to obtain the maximum U reading. Best result was 58ppm U from GR256-96 and GR256-107. The GR256-96 reading was taken from outcropping sediments. Future exploration will involve ground reconnaissance for Sn-Ta bearing pegmatites, and a first pass surface sampling program for polymetallic vein-style mineralisation (Ag, Cu, Pb and Zn) over the Phillip Greets and Pyromorphite prospects.