EL 29841 Mount Powell Annual Technical Report year ending 12 August 2014

Abstract

EL 29481 Mt Powell comprising 16 sub blocks(50.52sqkm)is located 150km north east of Alice Springs straddling the sheared regional unconformable contact between Palaeoproterozoic Aileron Province Ambulbinya Igneous Complex Bruna Gneiss (1750Ma) and onlapping/overlying Neoproterozoic Irindina Province metasediments/volcanics Irindina Gneiss (810Ma) assigned to Harts Range Metamorphic Complex an upper amphibolite-granulite facie equivalent of Neoproterozoic-Cambrian sedimentary successions to north(Georgina Basin) and south (Amadeus Basin). The largest Mt Mary uraniferous pegmatoid (highly anomalous in niobium, thorium / rare earth elements) extends south south eastwards into north east block of EL 29481 following unconformity for about 1200m before it is eventually truncated by a similarily orientated, yet oblique south south easttrending shear coincident with PNC postulated 'Torbernite trend'a linear zone of elevated Uranium Channel readings characterised by hydrothermally-derived surface silicification-kaolinisationlimonitisation alteration and associated secondary uranium mineralisation over a strike length of 8km ( as indicated by equivalent Uranium >4ppm regional contour) terminating beyond Mirror Finish pegmatoid (14ES07) about 1km southeast of EL 29851 north west boundary, requiring further investigation. A 1st Year program of regional reconnaissance/GA geology map checking of pegmatoid locations inconjunction with review of previous exploration and acquisition, imaging, interpretation of relevant AMAG/Radiometric/ASTER, Gravity and Geology data sets was undertaken to assess regional prospectivity of licence area for potentially economic uranium/thorium/REE mineralisation. It is recommended a 100m l.s. Helimag/Radiometric geophysical survey be flown over entire licence area, fine-tuning existing highly elevated linear uranium channel foot print + four circular elevated regional AMAG features trending N-S butting up to western boundary of regional unconformity to be followed up by ground-truthing Radiometric/GMAG geophysical surveying and subsurface RAB drill testing if warranted.