EL 28837 Pulpit Rock Annual technical report 4, 14 March 2015 to 13 March 2016

Abstract

The licence area is underlain by mainly magnetically interpreted 1844Ma Kanandra Granulite;pCsk, time equivalent of Strangways Metamorphic Complex rocks on ALICE SPRINGS prospective for IOCG/VHMS base metal deposits ie Johnnies Cu - Au and Utnalanama Zn-Cu-Au deposits located 80km to southwest. The licence area is wedged between two major east to east south east trending shear zones namely Delny (north) and Entire Point ShearZone (south). 2008 SKYTEM 500m l.s. AEM/AMAG geophysical surveying has delineated 11 sub surface conductors within licence areas 1(3),2(3) and 3(5) however about 90% of licence area is overlain by either a thin veneer of Quaternary alluvial deposits and or Tertiary Waite Formation chalcedonic limestones which are known to contain conductive potable ground water acquifers. The Waite Formation thickens to southeast where previous aircore drilling within Area 3 has bottomed at 140m vertical depth, still within Tertiary Basin sediments thus requiring detailed geophysical analysis of available AEM/AMAG located digital data to more accurately establish depth to magnetic basement estimates through forward magnetic modelling and complex computational depth to basement calculations. Reasonably accurate depth estimates are achievable using currently acquired geophysical data however close spaced AEM/AMAG geophysical surveying of Area 3 is proposed prior to sub surface conductor RAB/RC drill testing if warranted