Fourth year relinquishment report for EL 10402 'Amadeus', 20 March 2004 to 19 March 2005

Abstract

Exploration Licence 8883 Bluebush and Exploration Licence 10402 Amadeus are in the Bluebush Project Area, one of a number of project areas flanking the Tennant Creek mineral field Targets are large scale deposits of copper, lead, zinc, gold, silver and other base metals. This report records the exploration work completed on the portion of no continuing interest of the relinquished area of EL 1042 during the fourth year of tenure, from the 20th March 2004 to the 19th March 2005. The quantitative/qualitative ranking, based on geological, geophysical & geophysical characteristics and other parameters covering work status, target type, land status and economics has down-graded ELs 10402 as 'Non-Core B'. At the end of the fourth year of tenure EL10402 was reduced from 20 to 10 graticular blocks. The relinquishment area of EL 10402 was considered by Giants Reef as unlikely to host a major base metals or base metals/precious metals deposits.