Annual report for the period ending 15 August 2010 EL 24539

Abstract

Interpretation of a detailed airborne magnetic and radiometric survey flown over the lease in 2008 has resulted in a revised geological map of the area. Radiometric signatures of the various rock sequences have enabled visual identification of previously unmapped Wildman and Zamu units. Contacts of all the units have been refined. Magnetic data together with historical mapping results have helped identify a broad zone of en-echelon style shearing along which several distinct magnetic anomalies occur. Modelling of the most intense magnetic anomaly has defined a depth to source of approximately 135m. Two trial heli-EM survey lines transect the shear zone at the location of the magnetic source body and show that the zone appears to have a resistive response. Interpretation results have been used to plan a drill program. Additional work was carried out towards statistical analysis of airborne radiometric data and further magnetic modeling but results of this work are still in progress. Work was carried out towards drilling clearance.