Mount Bundey Project
The Mount Bundey (also spelt Bundy) Project includes the Mount Bundey and Mount Goyder areas
Area 1 - Tenement details
EL’s 24939, 25528, 23791, 23921, 24468 (100% RUM)
Exploration Target
Unconformity uranium, South Alligator style uranium, polymetallic skarn hosted uranium/basemetals and orogenic gold deposits.
Area 2 - Tenement details
EL’s 23174, 22232, 24151, 24150, 23178, 23172, 10382, 10368, 10367, 23173, 24682, 24288, 22206 and SEL 25348 (100% RUM Uranium JV with Crocodile Gold Australia Ltd).
Exploration Target
Unconformity uranium, South Alligator style uranium, polymetallic skarn hosted uranium.
Geology of Mt Bundey and Mount Goyder
The Mt Bundey Igneous Suite comprises the Mount Bundey Granite and Mt Goyder Syenite and associated lamprophyre dykes. The suite is dated at 1831 Ma and intrudes Palaeoproterozoic metasediments of the Wildman Siltstone and South Alligator Group. A hornfels/skarn zone up to 300 m wide surrounds both intrusive systems.
Recent Exploration Results
Anniversary Breccia Prospect
|
Hole |
Interval |
From |
To |
U308 |
Cu |
Co |
Ni |
Fe |
Mn |
|
Units |
ppm |
ppm |
ppm |
ppm |
% |
% |
|||
|
MBRC005 |
7 |
43 |
50 |
207 |
2000 |
|
|
|
|
|
MBRC005 |
30 |
77 |
107 |
|
4700 |
|
|
|
|
|
MBRC024 |
6 |
34 |
40 |
246 |
1550 |
|
|
|
|
|
MBRC025 |
24 |
48 |
72 |
73 |
1206 |
|
|
|
|
|
MBRC025 |
16 |
72 |
88 |
193 |
1271 |
|
|
|
|
|
MBRC028 |
8 |
105 |
113 |
|
1150 |
17 |
60 |
|
|
|
MBRC028 |
3 |
128 |
131 |
|
4067 |
68 |
900 |
|
|
|
MBRC029 |
8 |
36 |
44 |
131 |
|
|
|
50.7 |
|
|
MBRC029 |
8 |
54 |
62 |
156 |
|
168 |
|
|
|
|
MBRC029 |
4 |
60 |
64 |
|
1100 |
203 |
600 |
|
|
|
MBRC030 |
2 |
30 |
32 |
106 |
1250 |
98 |
525 |
|
|
Mt Goyder Prospect
Polymetallic skarn mineralisation was intersected by RUM in 2008/09. Mineralisation includes iron, copper, cobalt and uranium with gold, silver and rare earth credits.
|
Hole |
Interval |
From |
To |
U3O8 |
V205 |
Co |
Cu |
Fe |
REO |
Au |
Ag |
S |
Notes |
|
Units |
m |
m |
m |
ppm |
ppm |
ppm |
% |
% |
% |
g/t |
g/t |
% |
|
|
MGRC003 |
1 |
23 |
24 |
228 |
328 |
131 |
0.27 |
35.2 |
0.15 |
0.8 |
|||
|
3 |
27 |
30 |
215 |
536 |
158 |
0.23 |
33.3 |
0.97 |
1.1 |
includes 1m @ 1.7% REO and 1m @ 349ppm U3O8 |
|||
|
MGRC014 |
20 |
20 |
40 |
NYA |
3.8 |
NYA |
includes 4m @ 9.5 g/t Ag |
||||||
|
MGRC015 |
1 |
46 |
47 |
614 |
37 |
NYA |
0.46 |
0.1 |
NYA |
||||
|
MGRC015 |
3 |
69 |
72 |
202 |
86 |
NYA |
0.34 |
0.15 |
NYA |
||||
|
MGRC015 |
5 |
77 |
82 |
503 |
135 |
0.13 |
NYA |
0.25 |
0.26 |
NYA |
|||
|
MGRC016 |
1 |
66 |
67 |
20 |
5.8 |
0.38 |
0.3 |
2.4 |
|||||
|
MGRC016 |
1 |
87 |
88 |
129 |
60 |
0.2 |
14.3 |
0.31 |
1 |
6.4 |
|||
|
MGRC017 |
1 |
29 |
30 |
121 |
143 |
NYA |
0.14 |
0.15 |
NYA |
||||
|
MGRC017 |
1 |
32 |
33 |
442 |
0.2 |
NYA |
0.25 |
0.79 |
0.9 |
NYA |
|||
|
MGRC019 |
1 |
18 |
19 |
212 |
182 |
0.22 |
NYA |
0.19 |
0.5 |
NYA |
|||
|
MGRC019 |
11 |
32 |
43 |
168 |
190 |
0.16 |
41.5 |
0.15 |
0.6 |
3.0 |
|||
|
MGRC019 |
3 |
55 |
58 |
135 |
139 |
0.19 |
40.1 |
0.4 |
4.1 |
||||
|
MGRC020 |
4 |
7 |
11 |
127 |
212 |
0.22 |
NYA |
0.21 |
NYA |
||||
|
MGRC027 |
3 |
68 |
71 |
168 |
|
137 |
1605 |
25.3 |
|
|
1 |
|
|
|
MGRC028 |
7 |
96 |
103 |
142 |
|
105 |
1214 |
29.80 |
|
|
|
|
|
|
MGRC029 |
4 |
41 |
45 |
208 |
1725 |
146 |
41.7 |
0.5 |
|
|
|
|
|
|
MGRC030 |
4 |
75 |
79 |
136 |
|
109 |
2000 |
40.8 |
|
|
2 |
|
|
|
MGRC034 |
4 |
77 |
81 |
197 |
|
146 |
839 |
|
|
|
1.5 |
|
|
Donkey Hill Prospect
During October, 12 rock chip samples were taken in the Donkey Hill area in northern-most EL 24468. The samples were collected over the old Newmont Australia Donkey Hill project (late 80’s to early 90’s) as well as along the strike length of the Donkey Hill anticline for approximately 3 km to the southwest. Results were encouraging with peak gold results of 9.4 g/t and 3.2 g/t with other supporting arsenic and base metals. Although the highest values are from quartz /arsenopyrite/pyrite veins at the Donkey Hill site itself, there are strongly anomalous values of gold and arsenic along the entire outcropping anticline and this warrants further work. A systematic soil sampling survey has been designed for the 2012 field season.
Last updated: 02/11/2011 - JD/AE