MT PEAKE PROJECT

7,700 square kilometres of prospective rocks which lies between the Tanami Project to the northwest and Barrow Creek to the southeast.
The Mt Peake project area is under-explored in general. Past exploration such as radiometric surveys uncovered anomalous base metals with little follow up. Soil sampling and drilling in the region has been far from exhaustive.
The region hosts the Bullion Schist which is predominately composed of biotite-muscovite-quartz schists and discontinuous lenses of amphibolites or meta-dolerites. Together these form the Arunter Inlier, or Proterozoic basement.
Unconformably on this basement lies the Mt. Stuart Formation, early Cambrian sedimentary basement cover. This unconformity makes the region highly prospective for sediment hosted uranium.
The granulite-facies metamorphism in the region also results in it being prospective for gold and base metals associated with fracture-controlled fluid mineralization.
Tenements also overlie areas of extensive calcrete deposits which are suitable hosts to uranium elsewhere.

A review of open file data, regional geology and geophysics has led to proposed exploration activities which will include a reconnaissance program to investigate the nature of the unconformity and of anomalies in the tenements. The sampling program will include RC drilling or soil sampling traverses over the targets. A Mine Management Plan covering the proposed drilling has been approved by the Department of Primary Industries, Fisheries and Mines in the Northern Territory.