Partial relinquishment report for EL 10060, for the period ended 12 December 2004

Abstract

This is the relinquishment report for EL 10060, near Kulgera and describes the work carried out in the relinquished portion of the area up to12 December 2004. Exploration work consisted of; Reviews and evaluation of the mineral potential of EL 10060 including magnetics and radiometrics interpretation; Preparation of a GIS-based project; Field investigation of the geology, geophysical anomalies and features identified during the review; A drainage sampling program. Radiometrics interpretation showed that most of the relinquished portion of EL10060 has substantial subcrop and outcrop and may have been easily prospected in the past. Magnetics interpretation and existing NTGS geological mapping showed that the relinquished portion of EL 10060 is dominated by intrusions of the Kulgera Suite. A field visit did not reveal widespread or even local alteration in the outcropping parts and no mineral occurrences were located therefore downgrading the area for this mineralisation style. Only three drainage samples were taken, the results of which were not anomalous in any of the base or precious metals. It is concluded that little potential exists for a significant base or precious metal deposit in the relinquished portion of EL 10060.