EL 26914 Umbeara relinquishment and final report 28 February 2008 to 14 May 2014

Abstract

During 2008 the primary 'on ground' activity was the collection of 1090 gravity stations over the area using helicopter support. This was followed up in 2009 with the collection of 1126 surface samples for multi-element geochemical analysis. Results show a zone of elevated results for several elements which roughly corresponds with exposures and sub-cropping occurrences of sandstone formations. The proximity of potential source rocks from the adjacent Musgrave Block points to a possibility of sandstone hosted uranium mineralisation. No on ground exploration has been undertaken across the tenement since 2009. Quasar Resources Pty Ltd have relinquished EL 26194 Umbeara in its entirety, as the result of a shift in exploration focus.