ELR 125, MCN 984, MLN 1157, MLN 1158, MLN 1159, MLN 1161 Mount Fitch Annual Report from 23 August 2011 to 22 August 2012

Abstract

During the reporting period, ELR 125 was incorporated into the large data reprocessing and geophysical remodelling that took place due to the erroneous data that was previously received. All errors were removed from this data set and the data was effectively remodelled. Some follow up targets were generated for additional geophysics and potential drilling. Ground reconnaissance for a potential IP survey was completed. Geological mapping within the Yarram Project Area of ELR 125 was carried out over the period 23rd to 26th January 2012 by an independent geological consultant. The intention of the mapping was to assist in the interpretation of previous results that have been obtained in earlier drilling programs, and to recommend further exploration targets. The mapping indicated that mineralisation occurs in a series of brecciated siltstone, shale and dolostone horizons in the Coomalie Dolostone Formation. The breccias are composed mainly of goethite/limonite and are frequently cored with lenses of hematite. The mineralised zones appear to be associated with faults trending approximately southwest. The mapping was done by collecting geological data on walking traverses in the field followed by photo-interpretation of the available orthophoto. Rock-chip samples were collected at preferred sites.