GR223 EL 26529 and EL 26708 Davenport Project Annual group report for the period 14 July 2011 to 13 July 2012

Abstract

This report detailed exploration activities performed by Kettle Rose Pty Ltd on Davenport license EL 26529 and EL 26708 for the year ended 13 July 2012. After acquiring the tenement, Kettle Rose initiated the process of evaluating the mineral potential of EL 26529 and EL 26708 by examining the published research, historic exploration data and the current understanding of genesis of Proterozoic gold and wolframite in the Davenport Province. The main exploration objective was to determine if geophysical, geochemical and geological anomalies within the Ooradidgee Group reflect sub-surface occurrence of ironstone bodies which may host copper-gold mineralisation similar to the deposit found at Rover Field. To achieve this aim, a geophysical consultant was commissioned to review available regional airborne geophysical data from NTGS and identify potential targets within the Davenport project that can be explored for economic occurrence of gold. This study highlighted ten areas for further investigations by ground geophysical and geochemical surveys. These areas were mapped by ground magnetic survey and with the collection of MMI soil samples. Modelling of acquired ground magnetic data accurately defined geometry of identified anomalies and suggested that anomalous responses are linked to the occurrence of shallow mineralised magnetic bodies identical to ones that exists at Rover Field. However, interpretation of geochemical data highlighted inadequacy of number of MMI samples collected previously over some of the anomalies particularly those with a single MMI soil line. To improve the resolution of geochemical and geophysical responses of these anomalies, areas 7, 9 and 10 were followed up with further MMI sampling and ground magnetic survey in 2012. It is anticipated that this work will provide better understanding of potential ore-bearing magnetic and geochemical targets, intended to be drilled in 2012-2013 year. During the current reporting period, analytical results from 1440 MMI soil samples collected in June-July 2011 and in April 2012 were also received and are reported here.