Annual report EL 10043 Frances Maud Project for the period 5 September 2015 to 4 September 2016

Abstract

The Frances Maud Creek project (EL 10043) is situated in the central part of the Pine Creek Orogen. These tenements are located about 200 km SE of Darwin, and approximately 40 km NE of Pine Creek in the Northern Territory. Both ELs were granted on 5 September 2002 to a syndicate of Earthrowl (80%), Douglas (10%) and White (10%). 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 for both tenements from the holders. The project area is located within central part of the Pine Creek Orogen which is a folded sequence of Palaeoproterozoic pelitic and psammitic sediments with interlayered cherty tuff units. Mafic sills of the Zamu Dolerite (approximately 1.87Ga) intruded the lower sequence of the package. These rocks have been intruded by the late-orogenic Palaeoproterozoic granites, causing wide spread contact/thermal aureole metamorphism, which contains most of the gold mineralisation, uranium and base metals mineralisation in the Orogen. EL 10043 is dominated by rocks of the Masson Formation (Namoona Group) which are generally surrounded by the Mundogie Sandstone (Mount Partridge Group). During the year under review, exploration only consisted in geological and geophysical data re-processing and interpretation. Several targets were identified and they will be drilled at the end of the current dry season and the data will be included within the next annual report.