Second Annual Report EL 31103 for the period 8 August 2017 to 7 August 2018

Abstract

This project comprises exploration licence EL 31103 of 44km2 located 110 kilometres ENE of Alice Springs. It was granted on 8th August 2016 for a period of six years. The primary target is Au-Ag and base metals. Secondary targets include REE's, Mo-W and lithium. The area is geologically complex, comprising mostly schists and gneisses of the Strangways Metamorphic Complex and other un-named units in the Early Proterozoic Division One of the Arunta Block. In the first year of tenure to 7th August 2017, exploration activity on EL 31103 comprised historical data compilation and review, reconnaissance mapping and investigation of old workings and field checking of previously reported anomalism and mineralisation. Some sections of schist were sawn to establish its possible suitability for Dimension Stone. Activities in the second year of tenure which generated new information or valued-added to existing information include: Digitising of the pdf scan of the published 1:100 000 geology map to facilitate integration with digital datasets; Detailed interpretation of airborne EM and aeromagnetic data; and Collection of surface samples and elemental concentration readings using a hand-held XRF device in the area of two Priority 1 AEM anomalies. Options for work in Year 3 include: Chemical assay and analysis of XRF readings from surface samples collected over the two priority one airborne EM anomalies, and a ground EM survey to define drillsites to test for possible sulphide-associated mineralisation; and Field follow-up of an isolated 1,500nT aeromagnetic anomaly using mapping, rock chip sampling and XRF readings, and a ground magnetic survey to define drillsites to test for possible magnetite-associated mineralisation.