Second annual report for EL 29837 Catfish Hole year to 26 August 2015

Abstract

Base metal exploration within EL 29837 is challenging because of the rugged topography and cover geology. Breccia hosted and stratiform mineralisation trends into the area from outcropping areas to the north west, the most notable being the Coxco trend and the Myrtle sub basin. The imputed depths of mineralisation are believed to be mostly about 500m - 1000m, below the limit of airborne EM penetration. In the year to August 2015, Ripple has ranked the gravity anomalies by selecting those that have responses due to bodies that extend up to 300m depth, and then prioritised them according to whether they have adjacent geochemical anomalies and EM conductors in updip positions. A Frogtech basin wide analysis of the entire McArthur Basin was used to confirm the fault bounded nature of these targeted sub basins.