Partial relinquishment report for EL 23383, 22 April 2003 to 21 April 2008

Abstract

Exploration work carried out over the relinquished blocks of EL23383 during the reporting period included compilation of open file information, review of acquired exploration data, and designing a future exploration program for the retained area. During the 2005-2006 reporting year open file exploration data was obtained from the NT Geological Survey. Topographic and geological maps at a scale of 1:250,000 were acquired in raster format as a base for plotting the data. Stacked magnetic profiles of the first vertical derivative of the residual magnetics were processed from the acquired data and imported into Mapinfo. Images of total magnetic intensity and vertical derivatives were supplied by the NTGS. The images have assisted in structural interpretation and assessment for potential occurrence of gold or base metal mineralisation. This analysis identified the northwest trending structure that runs through the centre of the tenement. It is considered that this structure may have played a leading role in mineralization of base metal and gold deposits. A helicopter supported field visit was conducted on EL23383 during the 2005-2006 reporting year. However no samples were collected from the relinquished area. Previous work and open file data was re-visited during the second half of the reporting year following the resignation of the exploration manager. A review of Open File Data, regional geology and geophysics has led to propose exploration activities specified in a mining management plan (MMP). An application for authorisation of this MMP was submitted to the department on the 22nd of May 2007. The plan was subsequently granted on the 2nd August 2007. CONCLUSIONS - The planned exploration focuses on the centre of the tenement in an area trending northwest. The blocks surrendered as part of the relinquishmentwere chosen in order to minimize the loss of ground in this target area.