Annual Report MLN 13, MLN 1130, ML 31020, MA 416 Group Report GR188 for period ending 15 March 2016

Abstract

The Pine Creek Group of tenements consists of seven tenemets: MA 416, MLN's 13, 1130, and ML 31020. The tenement are located approximately 220 km southeast of Darwin, and encompasses the township of Pine Creek. In 2009, Newmarket Gold Inc. (then Crocodile Gold NT Operations) purchased the liquidated assets from GBS Gold Australia. In October on 2015, MCN 317 was surrendered. Mineral Claim Numbers 523, 1054 and 1055 were converted to ML 31020 on the 16th of October, 2015. Historically, the tenements have been the focus of alluvial and hard rock gold mining activity since 1869, with the first large find of gold discovered in Pine Creek during 1872. The central area of this tenement group is defined by both the South Aligator and Burrell Creek Groups sequences of tightly folded host greywacke-siltstone facies, which have been intruded by the Cullen Batholith. The major discovers of gold within the area have been centred on the axial zones of parallel major upright folds, with the most significant anticline being the Enterprise Anticline as well as the Internations-Czarina anticlines. The folds plunge shallowly towards 135 degrees at around 10 degrees and the limbs dip southwest and northeast at around 65 degrees. There are a number of gold deposits located within this geological setting. Gold was first discovered at the Pine Creek area in 1872, by the Telegraph Prospecting party, who named the area Eleanor (T. Jones 1987). The area has an extensive history of both mining and exploration work, which led to the discovies of the Enterprise, Cox, International and Gandys pits. Exploration activities during the reporting period included the re-evaluation of all historic and current data pertaining to the Pine Creek group of tenements as well as water level evaluations of the South Gandies and Enterprise Pits. Further works is required, which is inclusive of a structural analysis of the tenements, to assist in determining the probability of additional gold deposits of significance in the area. A review of the historic drilling done over the tenement area is also planned in order to determine in new deposit models can be interpreted.