Final and Annual report 5 September 2017 to 15 June 2018 EL 10043 Frances Maud Project, Pine Creek

Abstract

The EL 10043 is a part of Frances Maud Creek project and is located about 200 km SE of Darwin, and approximately 40 km NE of Pine Creek in the Northern Territory. It was granted on 5 September 2002 to a syndicate of Earthrowl (80%), Douglas (10%) and White (10%). Originally EL 10043 had 8 blocks and with successive reductions the EL now has only one block of area. In 2007, Thundelarra Limited secured the exploration rights with an option to purchase the tenement from the holders. The EL 10043 was surrendered on 15 June 2018. The project area is situated within central part of the Pine Creek Orogen which is a folded sequence of Paleoproterozoic pelitic and psammitic sediments with interlayered cherty tuff units. Mafic sills of the Zamu Dolerite (~1.87Ga) intruded the lower sequence of the package. These rocks have been intruded by the late-orogenic Paleoproterozoic granites, causing wide spread contact/thermal aureole metamorphism, which contains most of the gold, uranium and base metals mineralisation in the Orogen. EL 10043 underlay rocks of the Masson Formation (Namoona Group) which are generally surrounded by the Mundogie Sandstone (Mt Partridge Group). During the year under review, EL 10043 was assessed for further exploration. Dedicated exploration programs over 15 years covering desktop study, geological mapping, geochemical survey, drilling and geophysical survey, together with data interpretation failed to identify an significant areas of mineralisation. As a result of that mineral potential of EL 10043 was downgraded and the tenement was surrendered on 15 June 2018.