Partial relinquishment report for EL 23687, 17 June 2005 to 16 June 2006

Abstract

The Lake Woods project is located 700 km south of Darwin and 200 km north of Tennant Creek. The project area is centred on the Ashburton Range which runs north-south along the eastern margin of Lake Woods, a large seasonal lake. The Stuart Highway passes through the centre of the area. Bedrock in the area is Middle Proterozoic Renner Group sediments, intruded by pre- Cambrian dolerite. Previous exploration within the district has focused on the potential for diamonds and base metals but has been limited due to poorly developed drainage and widespread alluvial and aeolian cover. The area was identified as conceptual target area based on proprietary methods and modelling conducted by Paradigm Geoscience Pty Ltd. Ground was relinquished to comply with statutory requirements. The area relinquished is mostly sandy alluvium off the east side of Ashburton Range. No sampling has been conducted in the relinquished portions.