Musgrave Minerals Ltd (MGV) is the holder of the subject EL 5497 Corunna North, located in the southern Gawler Ranges approximately 65 km west of Port Augusta and 10 km north of Iron Knob, where it is exploring for economic base and precious metal mineralisation. The licence is one part of MGV’s larger Southern Gawler Project acreage, which presently comprises the five Menninnie Dam Project tenements held in joint venture with Terramin Australia, plus its wholly owned EL 5403 Toondulya Bluff. The purpose of the work herein reported, performed in compliance with the recent grant of a subsidy from DSD under the PACE Initiative 2015 collaborative drilling programme, was to investigate a number of silver, lead and zinc geochemical anomalies previously detected within surface regolith materials. These appeared to be proximal to cross-cutting significant basement fracture structures interpreted from aeromagnetic imagery, which may underlie the southern margin of the Gawler Range Volcanics Domain. MGV expected that the concealed Proterozoic bedrock here could contain low sulfidation epithermal gold-silver mineralisation hosted by Mesoproterozoic volcanic breccias, or deeper level porphyry type copper-gold mineralisation, as well as possible Menninnie Dam style replacement or skarn base metal and gold mineralisation disseminated as veins within the older Palaeoproterozoic basement metasediments. In its preliminary follow-up to Mega Hindmarsh soil sampling results from 2010-2011, MGV carried out confirmatory soil sampling at 200 m spacing in three areas with high silver values which lie adjacent to the Uno Fault and secondary faults that intersect it. The minus 80 mesh fraction of 127 soil samples were assayed, and most of the samples so tested detected coherent silver anomalism ranging up to 345.9 ppb Ag, besides weak coincident Cu/Cd anomalies. During June-July 2015, to meet its proposed level of activities under PACE Project DPY8-12, MGV drilled 49 vertical aircore holes for a total penetration of 1741 m to evaluate six target peak anomalies. The holes were drilled 100 m apart and were carried down to blade refusal in fresh bedrock. Based on the results of geological logging of the drill cuttings and of Niton portable XRF spectrometer scans done over 3 metre intervals of the cuttings laid out at surface, aiming to detect elevated (>1%) base metals, the holes were sampled at 1 metre depth intervals to give 3 metre composite samples (145 such samples) to send for first pass laboratory assaying, with follow-up assaying of the 1 metre interval samples across anomalous zones. Five of the 49 PACE holes encountered combined base metal contents of greater than 0.5%. The anomalous Pb, Ag, Zn all came from area 1b at the western side of the tenement. The best intercept was made in hole COAC017, of 3 m @ 1.66% Pb, 0.70% Zn and 4.15 g/t Ag from 24 m depth. This is the first test drilling undertaken by MGV on EL 5497, and it now intends to complete tighter spaced aircore drilling to the north and south of the above base metal anomaly, to define the extent of the mineralisation.