Annual combined technical reporting for ELs 22966, 22967, 22968, 22970, 23605, 24127, 24262 for period ending 30 May 2009 Moline Group

Abstract

The Moline Group of tenements is located about 200 km SE of Darwin along the Kakadu Highway with a distance of about 45 km from Pine Creek. It comprises 7 exploration licences (EL 22966, EL 22967 EL 22968, EL 22970, EL 23605, EL 24127, EL 24262) and surrounds the Moline gold field. The exploration tenements are situated within the central region of the Pine Creek Orogen, which is characterised by open to tight, upright N to NW-trending folds of the Palaeoproterozoic meta-sedimentary and volcanic rocks. NW-trending overturned anticlines of the Mt Bonnie Formation sediments dominate the central tenements, with some exposures of refolded Gerowie Tuff further to the northwest. Folded Burrell Creek Formation sediments are the dominant lithology further north and south on EL's 24127, 24262, 22966. During the reporting period a peripheral review of the Moline Group was undertaken; it supports significant mineral potential of the project area. Project area contains a number of mined out gold deposits which have produced significant quantities of gold in the past and the area still has considerable exploration potential. Technical review of the data suggests that there is possibility of additional ore. In the area, gold mineralisation occurs within greywacke, siltstone and carbonaceous phyllite of the Mt Bonnie Formation. It is also confined to meta-greywacke and slate of the Burrell Creek Formation, which are the most prospective lithologies in the Pine Creek Orogen. In 2009-10 reporting year, the project area will be explored for gold uranium and base metals mineralisation. For this purpose, area identified during this review will undergo soil/rock chip sampling along with geological mapping. If encouraging results received, some RAB/RC drilling may also take place.