EL 10190 Puzzle Creek East Final report on exploration activities

Abstract

During the first year of tenure, Ashton completed a thorough review of the geology, geomorphology, geophysics and historic sampling data/ as a result of the review, Ashton proposed to divest the entire McArthur Diamond Project. During Year 2 of the licence, a review of historic exploration data, including considerable surface sampling focussed on diamonds, was conducted by Gravity and numerous anomalous results were noted in and around the EL. Owing to the timing of the exploration agreement between DMA and Ashton (late July 2003) field exploration under the agreement did not extend to this EL during the 2003 field season. A large Falcon survey was flown in the Lancewood area to the west of the EL as part of the Ashton - DMA agreement in late 2003. A 50% reduction in the area of EL 10190 was made at the conclusion of Year 2. Gravity handed back EL 10190 to Ashton in March 2005 because other tenements in the farmin arrangement were deemed to have much higher priority. The licence was subsequently surrendered by Ashton on 18 April 2005. There was no further work undertaken by Ashton from the time the licence was handed back in March 2005 and the date of surrender on 18 April 2005.