GR307/13 Annual Report EL 29360, EL 29364 and EL 29520 Pine Creek One Project for period ending 30 June 2013

Abstract

Tenements of GR307/13 lie approximately 225km SSE of Darwin along the Stuart Highway centred around the town of Pine Creek. Access is via good sealed roads from Darwin to Pine Creek and from thence via station tracks. The tenements surround areas of extensive gold mineralisation associated with the Pine Creek Shear Zone. The tenements are dominated by granites of the Cullen Supersuite, including the Tabletop Granite, Bonrook Granite, Allamber Springs Granite and the McMinns Bluff Granite with lesser occurrences of the Burrell Creek Formation of the Finniss River Group. The Burrell Creek Formation interpreted as a sequence of fine to coarse marine sediments and appears to be part of continuous sedimentation process. Due to the lack of marker horizons and poor exposure the width of the unit is unknown but is thought to be greater than 1000m. This Formation is considered prospective for large low-grade gold deposits and has the potential for small high-grade deposits. The consolidation of Annual Technical and Expenditure requirements of the Pine Creek Projects has meant that the current reporting period does not represent a full year of exploration on the tenements being 5.5 months for EL 29520 and 8 months each for EL 29360 and EL 29364. However, during the reporting period, Primary Gold commenced a review of the publicly available regional geological and geophysical data and the compilation and review of historic data. During the 2013 exploration year, activities will include an ongoing review of historic geochemical and geophysical data, with reconnaissance field visits and geological mapping. Work to date has indicated that not all the work completed by previous operators has been included in the DIPs data base and the collation and review of this information is important in making a full assessment of the projects potential.