Annual Report EL 30039 period ending 12 May 2015 Daly River South

Abstract

The primary commodities being search for are precious and base metals. The dominant geological structure is the NNE striking Giants Reef Fault cross cutting the eastern boundary of the license. The dominant geology on the license is early proterozoic granite and Archaean Hermit Creek Metamorphics. Early proterozoic Wangi basics and the Burrell Creek Formation are also mapped in published geology. Open file historic company exploration reports were acquired for use in research. Open file historical geophysical, geological and geochemical data were acquired and accessed for use with this work. Geophysical data processing and interpretation primarily used the Litchfield South magnetic and radiometric survey. Other open file company surveys (regional area) including magnetics, radiometric and EM data have been sourced. Automated depth interpretation calculations have been carried out and preliminary forward magnetic modelling work continues. Some of the results of processing and synthesis are presented in Figures 2 - 17 in the appendix. Historical locations and data from geochemistry and drilling were used in analysis. Tentative financing has already been secured for a drilling program but more detailed geophysical reconnaissance data is desired prior to this.