Year 1 Annual group report South Nicholson Project

Abstract

NRE has carried out a detailed geological assessment of its South Nicholson Prospects, during the first year of grant. NRE's exploration activities during this first term also included considerable research prior to a helicopter reconnaissance program evaluating the tenements. Research included review and compilation of the data in the Northern Territory Geological Services' ('NTGS') open file reports, air photo imagery and examination of the latest geological maps. During NRE's helicopter reconnaissance program over the South Nicholson Project, NRE targeted areas for ground evaluation on the basis of previous geophysical surveys, in particular aeromagnetics and radiometrics. Sites were tested using a scintillometer and by the taking of soil and rock samples. Geological observations and photographs were recorded at each site. NRE carried out extensive soil sampling in respect of EL 2760 as well as heavy mineral sampling and a ground magnetic survey. NRE also carried out XRF analysis of water bore cuttings across the South Nicholson Project held at the Darwin Core Library. The detailed geological assessment of the South Nicholson Project has led to the following up of subsurface mineralisation indicators in relation to EL 27640 as well as follow up work required in relation to other surface prospects within the South Nicholson Project. NRE has a number of activities planned for the second term of the permits including an extensive soil survey, a rock chip sampling program and the design of a limited drilling program (depending on the results it is yet to receive from its heavy mineral sampling). NRE has met all work and expenditure commitments for its South Nicholson Project for the term of the licence.