D004-2

 NEWCREST MINING LIMITED
(Newcrest Operations Limited)


EL43/2006
Gowrie Park

Final Report for the Period
8/3/2007 to 30/6/2008


Compiled by:	Ian J. Tedder, Joel Kitto
		
July 2008
		
SUMMARY

This is the final report for EL43/2006.  Newcrest Mining Limited revised its exploration strategy in early 2008 with the result that Newcrest is no longer exploring in Tasmania.  As a consequence, Gowrie Park EL43/2008 is to be relinquished. 

Newcrest Mining Limited commenced exploration for gold-rich deposits on being granted EL43/2006 – Gowrie Park on the 8th March 2007.  The tenement encompasses the northeastern extension of Mount Read Volcanics (MRV) and is located just 34km south of Devonport in northern Tasmania.  

Previous exploration by CRAE, Plutonic Operations, RGC Exploration, Aberfoyle and Pasminco has detailed the presence of an extensive, 8km-long, sericite-chlorite-pyrite alteration zone, hosted within felsic volcaniclastics and lavas.  The alteration zone, termed the ‘Cethana Alteration Zone’ (CAZ), extends from the Cethana West prospect, east through to Gowrie Park.  The CAZ hosts anomalous base metal stringer mineralisation intersected in drilling, which has been interpreted by past explorers to represent sub-seafloor replacement mineralisation.

Newcrest’s exploration work, during tenure has been to re-evaluate the CAZ in terms of its prospectivity for gold-rich polymetallic mineralisation.  Reconnaissance geological mapping, rock chip and soil sampling and relogging of historic drill core was undertaken prior to relinquishing the tenement.





DIGITAL  FILES 

EL43_2006_200806_01_Report.pdf
(Report Text &  Figures 1 & 2)


EL43_2006_200806_02_File Verification.txt
(File Verification Listing)




Datum
MGA - MGA94 Zone 55


Distribution

Mineral Resources Tasmania

Newcrest Mining Limited - S.E. Australia