Year 2 Annual Report 11 August 2011 to 10 August 2012 Lucy Creek EL 27844

Abstract

NRE completed a helicopter reconnaissance program over its Lucy Creek Project in the second term. NRE's targeted areas for ground evaluation during this program was on the basis of previous geophysical surveys, in particular aeromagnetics and radiometrics. Sites were tested using a scintillometer and by the taking of rock chip samples. Geological observations and photographs were recorded at each site. NRE also engaged consultants to conduct geophysical reprocessing of imagery. This allowed for the identification of a large scale co-incident magnetic and gravity feature. Surface outcrop indicates that the large scale co-incident magnetic and gravity feature is buried under Cambrian sequence and is blind. Colour anomalies in ASTER imagery has highlighted surface ironstone lag. The prominent band of ironstone lag is associated with Cambrian limestone and sandstone and has returned elevated Cu, Mn, Ni and Zn results. The magnetic and gravity anomaly currently covers a majority of the tenure and NRE is looking forward to investigating this further in the third term of the licence.