Annual technical report for EL 28857 Second Chance Allamber Project for the period 24 February 2013 to 23 February 2014

Abstract

During the reporting period, exploration activities included technical review, geological mapping and ground-truthing. Geological setting of the project area shows that it is located within the prospective part of the Pine Creek Orogen and has good potential for copper and gold mineralisation. High resolution geophysical data have identified several targets which showed significant potential during soil sampling and drilling. Appraisal of geological, geochemical and geophysical data indicates that the Masson Formation is prospective for gold, uranium and base metal mineralisation, particularly where it is intruded by the Allamber Springs Granite. Greisenised part of the Allamber Springs Granite is indicative of generation of hydrothermal system responsible for mineralisation in the adjacent sediments. It is recommended that exploration targets should be further tested with drilling.