EL 31079 First Annual Report for the period 19 August 2016 to 18 August 2017

Abstract

This report outlines work carried out within EL 31079 during the period August 19th, 2016 to August 18th, 2017 and is submitted as the first annual report for the tenement. Work completed during this period included compilation of previous work and geological targeting, mapping, a total of 11 rock chip samples, and 1 stream sediment samples were taken. Footprint Resources identified this region as having the potential to host a SEDEX style base metal deposit, based on its structural location, potential to host Mt Isa - McArthur River age stratigraphic sequences, and shallow cover which has hampered discovery by previous explorers. It is interpreted that the extension of the Fish River Fault, which controls the Walford Creek base metal deposit further to the east, passes through the target region and is intersected by major NW and N-S trending cross faults. Previous workers have targeted diamonds, uranium and base metals, but very few drill holes have pierced the extensive Cambrian and South Nicholson Group Cover sequences. The geological mapping undertaken during the reporting period identified a new area of probable Murphy Metamorphic age metasediments in the southern part of the license, which has implications for the interpreted position of the Fish River Fault (basin margin fault) for targeting base metal deposits.