EL 30494 Surrendered portion, Bone Creek, report two years to 8 April 2017

Abstract

The previous drilling results were compiled against publicly available geophysical data. This revealed that there is widespread shallowly buried copper and lesser zinc lead mineralisation within the EL area. The regional faults appear to play a role in copper distribution, which is interpreted as being hosted by the Wollogorang formation. A basin wide study was commissioned using Frogtech analysis. This used all known geological and geophysical data to model the basin structure and depth to Wollogorang formation a large area, including all of EL 30494. The EL contains a prospective fault bound basin adjacent to basic volcanics. This is a classic site for metal deposition. Targets are shallow and more advanced than in any other Ripple McArthur River tenements. The targets have been retained within 124 of the original 248 blocks and the remainder of EL 30494 surrendered.