EL 23437 Castlemaine Annual report for the period 30 December 2009 to 29 December 2010

Abstract

The recognition of a major NNW trending structural corridor approximately 2km wide consisting of HQB (hematite quartz breccia) and strongly deformed country rocks significantly increased the prospectivity of the tenement. In November 2010 the tenement was flown with helicopter borne detailed aeromagnetics and EM (part of a survey covering all Compass tenements in the Batchelor district). Flightlines within EL 23437 were E-W at 150m spacing with a nominal terrain clearance of 35m. N-S tie-lines were flown at 1km intervals. Approximately 40 line kilometres of survey were completed within EL 23437. These surveys were completed in November 2010 with the contractor supplying the raw data in late December. Unfortunately in January an error was identified in the altitude information in the raw data supplied by the contractor and revised data for processing is not expected till February.