Third Annual Report Strangways Tenement EL 30779 reporting period 22 October 2017 to 21 October 2018

Abstract

In the preceding reporting period following the completion of a Skytem helicopter controlled geophysical survey, a strong conductor increasing with depth was pin pointed down dip from gossan mineralisation at surface and significant copper assays recorded in a diamond drill hole at 45 meters depth below the gossan. It was decided to drill the Skytem anomaly planning intersection depths at 100 vertical meters and 160 vertical meters depth below surface, with two RC drill holes. This would allow investigation into the top of the geophysical anomaly and should hopefully intersect below the level of oxidation allowing for preservation of any primary sulphide mineralisation if present. The old CRA track into the previous sites drilled in 1984 was graded by the owners of Bushy Park Station at the request of the undersigned. The track needed considerable upgrading to allow access for Bullion Drilling's large Schram Rig and support trucks and compressor booster. Sufficient equipment needed to be brought in to drill 300 meter holes if justified. Incidentally the same station owner , Sam Goldsworthy, cleared the initial track for CRA in 1984. On this occasion the Goldsworthy family were exceptional in their hospitality and were always on standby to assist. Two holes were drilled and intersected target. RC1 intersected the mineralised shear zone at 100 m vertical depth. RC 2 intersected the mineralized shear zone at 160 m vertical depth. Sub economic values of base metals and anomalous gold were encountered with little evidence of sulphides. The host mineralisation manifests itself as a limonitic clay filled shear zone. The surface expression of silicious limonitic gossan is therefore most likely a supergene enriched fault breccia which has been weakly mineralized by percolating ground waters and minor hydrothermal episodes related to some silica emplacement. RC2 was targeted slightly north of the outcrop to intersect the strongest projected zone of the SkyTem conductor. Unfortunately the cause of the SkyTem anomaly is most likely high water flows within clays in the shear zone. The shear zone also explains the very poor core recoveries obtained by CRA in earlier diamond drilling. Prospecting in the nose of the syncline north of the prospect showed numerous small lenses of ironstone including some massive magnetite lenses, which may be worth following up.