First Annual Report for Ringwood EL 32244 for the period 20 March 2020 to 19 March 2021

Abstract

EL 32244 was granted in March 2020. Principal commodities sought are base metals, primarily copper. About one half of the area has outcrop/subcrop of Amadeus Basin sediments. Most of the Basin stratigraphies are represented within the tenement area, from basal Heavitree Quartzite to Devonian Pertnjara Group. Aeromagnetics suggests the remainder of the area has similar stratigraphies under cover. There are no mines or deposits within the EL area; copper has been recorded at Ringwood and Waldo Pedlar prospects. Previous explorers, notably Poseidon Exploration Ltd in the 1990's, targeted base metals in the late Neoproterozoic Bitter Springs Group, Areyonga Formation and Aralka Formation. Elevated and anomalous Cu-Pb-Zn was identified from historical surface sampling and RAB/auger drilling, but only ten RC or diamond holes have been completed in 50 years of exploration. Gempart believe that re-assessment of past exploration data in the light of new airborne geophysical data can upgrade existing prospects or vector new areas for more detailed investigation and drilling. Work in year one comprised comprehensive review and re-compilation of relevant data from government geotechnical databases and previous exploration results, and planning of an airborne EM survey. Physical access to land was otherwise hampered by Covid-related restrictions. In February 2021 Gempart executed an Agreement to acquire VTEM data on 300 metre flight lines over two areas on EL 32244. The larger area is 267 square kilometres for a total of 980 line kilometres, and the smaller survey area is 13 square kilometres for a total of 51 line kilometres. Data acquisition is expected to be completed by April 2021.