Carrara Project GR329 Combined Annual Report for the period 21 January 2016 to 20 January 2017

Abstract

This document is submitted as a group report (GR329) for EL's 29557, 29560, 29793, 29794, 30665 and 30816 which comprise the Carrara Project. The Carrara project is deemed prospective for shale-hosted massive sulphide deposits (SHMS) containing zinc (Zn), lead (Pb) and silver (Ag). The Project area lies hosts lateral equivalents to the Lawn Hill Platform's Upper McNamara Group members, which hosts the world class Century deposit. Ground was applied for in 2012 and 2015 following a preliminary desktop study by Teck's Zn Generative team. Exploration activities completed during the 21st January 2016 to 20th January 2017 reporting period comprised an 800m drill hole testing a prospective sub-basin position proximal to the Little Range Fault and a north-west trending transfer structure. An EM survey, a repeat of a 2015 program which failed QA/QC was completed successfully but did not return encouraging anomalies. The drill hole, CRDD001, was completed to a depth of 800.42m terminating within South Nicholson Group sediments after encountering difficult drilling conditions. The target Paleoproterozoic sediments were not intersected, indicating the identified north-west trending structure was likely reactivated post Cambrian. The AMT conductive horizon is likely coincident with a large saline aquifer within a porous sandstone host.