Relinquishment report for SEL 26594 for the period 7 July 2008 to 18 August 2010

Abstract

SEL 26594 Bills, was acquired by Giants Reef Exploration Pty Ltd (Giants Reef) to search for Tennant Creek style iron oxide copper-gold deposits. This Relinquishment Report records exploration work done on the relinquished portion of SEL 26594 07 July 2008 and 18 August 2010. Emmerson Exploration Manager Steve Russell and Emmerson consultant geophysicist Steve Massey both reviewed SEL 26594 and proposed the reduction of the northern most blocks of the tenement. This review concluded that the geology of the northern most blocks of SEL 26594 were high up in the regions stratigraphy, therefore downgrading the prospectivity of the area. Emmerson will still retain the southernmost blocks of the tenement, which are also the most prospective, and encompass the Marathon Prospect.