Partial relinquishment report on EL 26182 McArthur Basin Project, for the period ending 24 February 2010

Abstract

EL 26182, covering an area of 370 km2 (113 sub-blocks), was granted to Castile Resource Pty Ltd (a wholly-owned subsidiary of Westgold Resources Limited) on 25 February 2008. It is located within Calvert Hills Pastoral Lease, adjacent to the southern boundary of the Garawah Aboriginal Lands Trust. The tenement is located on the southern margin of the Proterozoic McArthur Basin in the north-eastern part of the Northern Territory, immediately to the north of the Murphy Inlier. It is 400 kms NE of Tennant Creek, and 860 kms SE of Darwin, and forms part of Castile's McArthur Basin Project. EL 26182 ended its second year of tenure on 24 February 2010, and a total of 57 of the 113 original graticular sub-blocks were compulsorily relinquished. As a consequence of the global downturn in 2008-9 no field work had been carried out on the tenement, and the relinquishment was made on the basis of interpretation of the geology, magnetics and exploration results of previous tenement-holders in the area. This report outlines the work completed over the relinquished portion of EL 26182 during its first 2 years of tenure.