Annual Report EL 28902 Maud Creek Project for period ending 29 March 2015

Abstract

EL 28902 forms the southern portion of Crocodile Gold Australia's Maud Creek Project. During 2014 Crocodile Gold reduced the size of this title from 210 sub-blocks to 105 sub-blocks or from 563km2 to 281km2. The geology of the Project area comprises folded Palaeoproterozoic meta-sedimentary and volcaniclastic sequences. These are unconformably overlain by the Meso- Proterozoic Kombolgie Sandstone, which forms scarps. Flat-lying areas are covered by Cambrian Antrim Plateau basalts and Cambro-Ordovician limestone covers much of southern part of EL 28902. Economically important rock units of the project area comprise greywackes, mudstones and tuffs of the Palaeoproterozoic Tollis Formation. The Maud Dolerite intrudes the Tollis Formation and forms irregular bodies up to 200m in width. The margins of the Maud Dolerite are strongly sheared, with mineralised quartz-filled shear zones. The Tollis Formation hosts the Maud Creek Gold Project on adjacent tenements. Exploration activities for the reporting period related to hand-over to Phoenix Copper Ltd, who have entered into an earn-in arrangement with Crocodile Gold to exploration for gold and base metals. During the next reporting period, Phoenix Copper will make its own targeting assessment and follow up VTEM anomalies as well as base metal soils and stream sediment anomalism identified by Crocodile Gold.