Annual report for EL 30708, Montejinni Copper Project, 3 September 2016 to 2 September 2017

Abstract

The Zero Group commissioned X2M to complete a brief geological review of the Montejinni Project. Amalgamation of the data and conceptualising has produced a new exploration target with potential for a significant 'Carlin style' high grade poly metallic resource within the current exploration lease area. This review has combined all of the available data, data including approximately 400 stream sediment samples, historical reporting and NT DMP geophysics and mapping. The data has directly defined a, northwest trending and likely structurally controlled 20 kilometre long geochemical copper anomaly which appears to be associated with a magnetic trend. The low tenor anomaly has stream sediment samples ranging from 29 to 120ppm Copper set in a 0 to 15ppm Cu background. The Cu Anomaly appears to transect both the Antrim Plateau Volcanics (APV) and the Montejinni Limestone (ML), importantly, on the Montejinni side of the flat lying lithological contact. Therefore the widespread copper mineralisation throughout the APV can be attributed to these 2 occurrence types. The thin veins mentioned in 2 above constitute feeder shoots, they are not the ore body. It is interesting to note that all historical exploration has been focused on the Antrim Plateau Volcanics. Herein I propose that, in the same style as the Carlin trend, the breccia zone on the unconformity between the APV and the ML is the actual ore body, and it has not been tested! The stream sediment sampling has defined an anomalous area of approximately 45 km2. The Copper mineralisation is associated with polymetallics, in addition to copper, a separate, significant Zinc anomaly was found within the stream sediment dataset, the highest sample grading to 702ppm Zn. This should be further assessed.