Annual Report for EL 23506 McKeddies, Allamber Project for the period 4 April 2012 to 7 May 2013

Abstract

Exploration Licence (EL) 23506 forms part of Element 92's Allamber Project and is located about 180 km SE of Darwin and about 55 km NE of Pine Creek in the Northern Territory. This title is being explored for base metals, gold and uranium. The project area is located within central part of the Pine Creek Orogen which is a folded sequence of Palaeoproterozoic pelitic and psammitic sediments, with interlayered cherty tuff units. These rocks have been intruded by the late-orogenic Palaeoproterozoic granites, causing wide-spread contact/thermal aureole which contains much of the gold and other mineralisation in the Orogen. The geology of the project area is dominated by the Palaeoproterozoic rocks of the Namoona Group, Mount Partridge Group and the members of the Cullen Batholith. Main lithologies are tightly folded dolomites, sandstones, ferruginous shales and quartz-andalusite schists which have intruded by the Allamber Springs, Frances Creek and Minglo Granites. This geological sequence has potential for gold, base metals and uranium mineralisation. During the period under review, significant on-ground works were undertaken in EL 23506 including geological reconnaissance and mapping, rock chip sampling (19 samples), soil sampling (148 soil samples) and auger soil sampling (155 samples), ground magnetic surveys, ground electromagnetic (FLTEM) surveys, 559m of RC drilling in 6 holes and downhole electromagnetic (DHTEM) surveys. Activities completed in EL 23506 formed part of significant works targeting the contact between Allamber Springs Granite and metasediments of the Masson Formation, in this and adjacent titles, for skarn-type mineralisation. The discovery of significant sulphide mineralisation in the forms of i) a laminated quartz-pyrrhotite-pyrite-chalcopyrite vein or lode (Tarpon Lode) and ii) a number of narrow quartz-sulphide veins (the Herringbone Lodes) within granite in adjacent titles has presented a new type of exploration target, and significantly enhanced the prospectivity of all titles in this area. Magnetic and FLTEM data indicate possible extensions to the mineralisation and these will be followed-up in the current field season.