Partial relinquishment report for EL 10096, for the period ending 12 December 2005

Abstract

Stream sediment sampling in EL10096 by previous explorers has not highlighted any areas worthy of follow-up sampling for base metals. Previous diamond exploration to the west and south of the area has however, resulted in the recovery of indicator minerals and diamonds. No metal mineral occurrences are known within the relinquished portion of EL10096 but previously mined barite veins occur in the retained part of the area. Major faults occur within the tenement areas, but none of these have associated Zn or Pb occurrences along them providing an indication of low prospectivity for large base-metal deposits in the tenement. Interpretation of magnetic data together with geological evaluation indicates that the majority of the relinquished portion is covered by flood basalt of the Cambrian Antrim Plateau Volcanics. The prospectivity of the EL10096 is considered low for large base metal deposits and the widespread cover of Cambrian Antrim Plateau basalt make it difficult to identify discrete targets in the magnetics data for diamonds.