Annual report for EL 26687 Attack Creek for the period ending 23 October 2010

Abstract

Preliminary research involved a study of the airborne magnetic data and phosphorus assaying of water bore cuttings. Some water bores in the region have elevated phosphorus. The magnetics indicate the presence of basement highs and embayments, features considered to favour phosphorite accumulation. The target stratigraphy is known to be flat-lying to gently dipping and it was considered that any near-surface phosphorite would display a geochemical signature that could be identified by soil and/or maglag sampling. Geochemical soil sampling has demonstrated the ability to identify anomalous trends in P-U-Th to identify phosphorite targets for RC drilling. The current sampling has identified three areas of interest and through strike extensions implied others. Area I has limitations due to tenement boundary restrictions. Areas II and III both have elevated P and U/Th. Area III has the greatest potential containing possibly three phosphorite horizons. The phosphorite horizon in Area II strikes outside of EL 26687 into EL 27517 owned by Vale. It may extend further to the northwest and re-enter EL 26687 southwest of No. 20 Bore. Infill soil sampling is recommended in Areas II and III followed by RC drilling to determine lithological types and phosphate content.