Relinquishment report for EL 9909 'Star Wars', 20 March 2001 to 19 March 2006

Abstract

This Relinquishment Report records exploration work done on the relinquished portion of EL 9909 between 20 March 2001 and 19 March 2006. EL 9909 Star Wars was acquired by Giants Reef Exploration Pty Ltd (Giants Reef) to search for Tennant Creek style iron oxide copper-gold deposits. Exploration on the relinquished portion of EL 9909 focused on will focus on south-eastern region of the tenement which comprises units of the Warramunga Formation and includes a number of cohesive vacuum gold anomalies that have a general north west trend and align with Orlando - Gecko - TC35. The discovery of the haematite-magnetite Chariot deposit in 1998 has shown the potential for variations on the classic magnetite ironstone hosted gold +/- copper deposits, where lower order magnetic anomalies, plus gravity methods can define new targets. Discoveries by Giants Reef of mineralisation such as at Malbec West, Marathon and Billy Boy further support this, however Giants Reef considers the potential for the discovery of mineralisation in hematite dominant ironstones in the relinquished portion of EL 9909 is limited.