Roseholme

Roseholme (EL6822) is located at the northern end of the Northparkes Igneous Complex 29km NNW of Rio Tinto's Northparkes copper-gold mine. The project was formerly a JV Option Project with Gold Fields, which has now been returned to Clancy.

Five aircore holes were attempted by Gold Fields during the JV Option period to test basement targets, however only one hole successfully reached basement due to the unconsolidated boulder conglomerate cover sequence, which makes drilling problematic. No significant results were returned from the successful hole. An airborne magnetic and radiometric survey was commissioned by Clancy, and was in progress at the time of writing.

The survey will assist with resolving key structures and potential intrusive complexes to define future drill targets. Alternative drilling techniques will be investigated for this project and drilling is planned for 2011.