Annual and Final Report of EL 28765 Birrindudu Basin Period 22 November 2011 to 21 November 2018 Victoria River Downs Project

Abstract

The Victoria River Downs Project area is in the Northern Territory of Australia and situated about 450 kilometers south of Darwin. The project is made up of 5 exploration licenses, EL 28765 lie southeastern, and this EL's area is 148.26 square kilometers at the first year, after twice reduce, the area is just 13.17 square kilometers (4 blocks). Vehicle access to the project area is via the Victoria, Buchanan and Buntine Highways, thence station tracks. The Proterozoic Victoria River Basin (VRB) consists of a 3.5km thick stratigraphic sequence of sandstone, shale and dolomitic sediments, covering an area of 160,000sq kms, overlying the Birrindudu Basin and has the potential for sedimentary hosted zinc dominated base metal deposits similar in style to the giant McArthur River, Cannington and Century deposits. The Bullita stratigraphic succession is considered to have potential to host stratiform sedimentary, Mississippi and Irish lead-zinc styles of mineralisation. These deposits are associated with the fine-grained clastic rocks (black shales) of a sedimentary package, which contains substantial dolomites and limestones, and are located near major regional structures with a halo of lead anomalism. The target size is in the order of 30-50 million tones at 10% combined Pb/Zn. Age dating within these sequences suggest dates from 1,645my (Limbunya Group) to 1,610 - 1,570my (Bullita Group), which is within the age range of all major Australian SEDEX zinc deposits. Throughout the Victoria River Basin, the stratigraphy is generally flat lying or shallow dipping. However, there are several localized domes features adjacent to prominent faults or lineaments. Previous base metal explorers include BHP, CRA, Rio Tinto, Anaconda, Anglo plus junior companies and diamond exploration has been undertaken by Stockdale, BHP and Ashton. These exploration programs for base metals include stream sediment sampling, Geotem and aeromagnetic surveys. Limited stratigraphic diamond drilling has been undertaken by BMR, NTGS and various exploration companies. A total of about 10 stratigraphic holes have been drilled around that lease. In the past few years, Anglo Australian Resources NL(AAR) hold this area, AAR has reprocessed geochemical data and Geotem, gravity, aeromagnetic and Landsat images for generating new exploration target in this area. BHP previously flew Geotem over about 20 percent of the VRB project area but conducted no significant ground follow up. This data has been reviewed by Southern Geoscience geophysical consultants identifying 17 prospective Geotem conductors at the north of EL 28765, AAR included stream sediment, soil, rock chip sampling programs and helicopter-supported gravity survey. This work has been successful in that the stream sediment samples have confirmed the robustness of previous anomalies identified and highlighted prospective areas of interest in the vicinity of the Victoria River Downs Homestead. EL 28765 is granted in November 2011, Australia Mining and Gemstone Co. Pty. Ltd (AMG) collated and replotted historic date in MapInfo. During the August 2012, AMG staffs entered the northern part of the lease along the station track to implement reconnaissance. Because the Wickham River and Fisher Creek cross the lease, so floodplain is developed, it is covered with thick colluvium or alluvium soil in the eastern area of the lease. In 2018,Due to the investment adjustment and the budget reduce of our company, AMG finally decided to surrender EL 28765.