EL 28271 Bald Hill, EL 28340 Bushy Park Yambah Project GR218 Annual Report for the period 1 October 2014 to 30 September 2015

Abstract

Kentor Minerals (NT) acquired the Yambah Project from Mithril Resources in April 2015. The project lies within the Aileron Province of the Arunta Region. Outcropping basement geology is comprised of the Palaeoproterozoic (1.8-1.7 Ga) Strangways Metamorphic Complex (SMC) and mafic intrusives. Known base-metal occurrences (Cu-Zn-Pb-Ag-Au) are stratabound and have largely experienced the same metamorphic history as their host rocks of the SMC. Numerous companies and individuals have explored in the general area covered by the Yambah Project for metamorphosed polymetallic (Cu-Pb-Zn-Ag-Au) massive sulfide deposits. KGL acquired the project because of similarities between the sedimentary packages and mineralisation at Kentors's Jervois polymetallic project and Yambah. A literature review and data compilation was conducted to supplement information provided by Mithril. The data was compiled in a GIS platform and interpreted to generate priority targets for field inspection. In mid-July the key prospects and occurrences were visited and diamond core from the NTGS core library in Alice Springs was viewed. Geological mapping of the main prospect areas is planned in addition to regional and prospect scale stream sediment and soil sampling.