Partial relinquishment report on EL 25791 Coppock Bore

Abstract

To comply with Mining Act Northern Territory, tenement holder decided to relinquish 4 blocks in June 2010. The geological mapping done so far indicate that the Strangways Complex consists essentially of high-grade metamorphics rocks. In EL 25791, much of the area, particularly northern part is covered by recent sediments. TMI image of the project area shows that under the recent sedimentary cover, particularly the southern part of the area is dominated by basement rocks of the Arunta Block. Exploration programs conducted during the current tenure includes literature review and a detailed technical review, which identified base metals and uranium potential of the project area. AEM survey revealed that sedimentary sequence is not thick enough to facilitate hydrological regime which may be responsible for surficial/channel type uranium mineralisation. In addition, no encouragement was received for the presence of base metal mineralisation. On the basis of this information, it was decided that 4 northern blocks of EL 25791 be relinquished.