Relinquishment report EL 24471 Explorer Project - Tennant Creek for the period 16 August 2005 to 15 August 2010

Abstract

The Explorer project covers an area on the poorly exposed southern margin of the Tennant Creek Block within the central Tennant Creek Inlier. The Tennant Creek Block remains one of the most prospective gold provinces of the Northern Territory. Gold was discovered in the area around 1925 however little mining or prospecting took place until 1932 due to the lack of gold in prominent quartz veins and the virtual absence of alluvial concentrations. The gold mineralisation in the region is linked by a common association with iron oxides. Previous exploration in the area has included aeromagnetic surveys, follow up ground magnetic surveys, diamond and percussion drilling. Exploration activities by TNG and Western Desert Resources in the relinquished portion of the tenement since 2005 has included ground gravity surveying (567 stations), ground magnetics (3678 measurements), two rock ship samples, three RC drill holes (totalling 810m) and one diamond drill hole (totalling 446.5m). EL 24471 has been successively reduced in size to 144 blocks in 2009. This report covers the partial relinquishment for 2010 in which a further 46 blocks have been relinquished.