Partial relinquishment report for EL 10139 'SW Pargee', from 17 October 2002 to 16 October 2005

Abstract

EL 10139 'SW Pargee' is centred approximately 660 kilometres northwest of Alice Springs in the Tanami Region, Northern Territory. The tenement was granted to Tanami Exploration NL (TENL), a wholly owned subsidiary of Tanami Gold NL (TGNL) on 17 October 2002 and formed part of the Tanami (NT) JV, a Joint Venture agreement between Tanami Gold NL (TGNL) and Barrick Gold of Australia Limited (BGAL) from 2002 to 30 June 2004.

At the end of the third year of term, EL 10139 was reduced from 110 blocks to 55 blocks. This report describes exploration by BGAL and TENL on the relinquished area from grant to 16 October 2005. Rock chip sampling (24 samples), lag sampling (94 samples) and limited vacuum drilling (39 holes) were completed to test areas of sparse historical exploration, previously identified low-level Au-As anomalism and interpreted litho-structural targets. No significant mineralisation or anomalism was identified on the relinquished tenement area.