EL 23437 Castlemaine Year 10 Annual Report for the period 30 December 2012 to 29 December 2013

Abstract

Exploration within the Batchelor district continued to focus on obtaining quality geophysical coverage. As a consequence all tenements (including EL 23437) were flown with a detailed FALCON gravity survey and an associated LIDAR survey in late December 2012 (flying completed on 27th December 2012 with 33.5 line km in EL 23437). An exploration program involving ground IP traverses to accurately define drilling targets was formulated but not implemented before the onset of the wet season. The tenement has now been covered by a full suite of detailed geophysical surveys (aeromagnetics and radiometrics, airborne EM and Falcon Gravity. These will be integrated to select targets for further exploration. The compilation of historical drilling within the tenement will be used to help rank the targets identified through the extensive geophysical surveys for ground testing with IP. The tenement covers a zone of strong structural deformation related to thrust faulting, hosts anomalous base metals and U values and is adjacent to the historical RJCS uranium pit.