Annual Report on the Kirkimbie Diamond Project Northern Territory reporting period 20 October 2015 to 19 October 2016

Abstract

The Kirkimbie project comprises of five (5) granted exploration licenses being EL 30655, EL 30656, EL 30657, EL 30219 and EL 29803. The tenements encompass parts of the Kalkarindji Province and lie within the 1:250 km BIRRINDUDU and LIMBUNYA map sheets and the Napier, Inverway and Birrindudu 1:100 km map sheets. The Buntine Highway intersects the tenements. The area has been the subject of extensive exploration by major mining companies over a period of several years. Regional scale stream sediment, soil and rock chip sampling has been periodically completed since the late 1970's for diamonds and minerals. Daylight Jack Minerals first pass reconnaissance geological mapping, soil and rock chip sampling was completed in August 2010. Target areas for on-ground follow-up were identified from a review of historical exploration data, plus an interpretation of the area based on airborne geophysical survey data. The report details the outcomes of a geochemical soil sampling program completed in June 2016 to detect mineralisation in basement rocks below a substantial thickness of sediment cover (>50 m). A systematic grid soil sampling traverse was completed along the strike of a nth-sth trending dyke identified from recent airborne magnetic survey. The results of the grid soil sampling included anomalous assay results for copper (Cu), lead (Pb) and cobalt (Co). The results to date reinforce the significant exploration potential of EL 30655. Further work will be focused on determining the extent and significance of underlying mineralisation.