Report on open file Core analysis, Benmara and Limbunya Projects, NT, July 2012

Abstract

This report covers geochemical analysis of historic open file drill core from the Benmara and Limbunya Projects, sampled during July 2012:

Toro geologist inspected historic drill core at the NTGS core library in Darwin, 23-26 July, 2012.

Observations were made on geology and prospectivity.

Selective core 'slices' were analysed for a multi-element suite (14 samples).

Minor uranium anomalism was identified in the Mine Admin (Benmara) core (max 332 ppm), within the thermal aureole of a Nicholson Granite pluton, confirming historic assay results.

U is likely refractory skarn type and not of great interest as a genuine target.

Copper mineralisation was re-confirmed in weakly-deformed graphitic phyllites/schists of Inverway Metamorphics at Limbunya, confirming historic intersections, but no other anomalously elevated elements were identified.

The graphitic nature of the Limbunya core was quantified and found to be below-average quality and unsuitable for extraction.

The unconformity potential of the Limbunya Project was downgraded due to the absence of appropriate alteration at the unconformity, the overwhelming presence of graphite in basement, the low metamorphic grade of the basement.