Relinquishment report for EL 10177

Abstract

The exploration target is gold and base metal mineralisation similar to that occurring at Tennant Creek some 90km to the northwest. During previous reporting periods, detailed aeromagnetics from various sources including previous explorers were reprocessed using a number of modern imaging techniques. A detailed interpretation of this data generated a number of targets within the tenement each of which was modeled to ascertain possible depth and shape. Access clearances were only obtained from CLC in May 2005. Only one target was accessible by four wheel drive and able to be followed up in the field. It was decided to keep, for further exploration, only the portions of the tenement covered by the generated targets and do no further work on the remainder. Approximately 80% of EL 10177 was surrendered and this report reflects the fact that no work was done on the relinquished area for the year prior to relinquishment.