Partial relinquishment report for EL 22918, 26th April 2002 to 25th April 2004

Abstract

EL 22918 'Arltunga' is part of the Winnecke Project and is situated approximately 40 kilometres east northeast of Alice Springs. The tenement was granted to Tanami Exploration NL (TENL), a wholly owned subsidiary of Tanami Gold NL (TGNL), a publicly listed company. This report describes exploration carried out on the relinquished portion of EL 22918. After two years of tenure the western and central portions of EL 22918 were surrendered and are the subject of this report. The tenement was part of regional studies, however no field work was carried out on the surrendered portion, which is considered unprospective based on the interpreted geology of high grade metamorphic granitic gneisses of the Arltunga Gneiss complex. The tenement area was covered by the Company's regional mapping program centred on the Florence Creek shear zone. Regional desktop studies generated targets and outlined an aeromagnetic anomaly in the eastern tenement area, which was retained. The western and central tenement area was considered unprospective and consequently surrendered.