Partial relinquishment report for EL 26693 Barkly for the period ending 23 October 2011

Abstract

This report describes exploration activities during the second year of tenure for EL 26693 where exploration is aimed at the discovery of economic phosphate deposits. Preliminary research involved geochemical and geophysical analysis to identify ground targets. Gravity survey data indicated a basement high within the tenement. Exploration sampling is based on the premise that any near-surface phosphorite could be identified by a geochemical signature utilizing soil or maglag media. A total of 33 geochemical samples were collected on the relinquished part of the tenement, comprising 18 soil samples, 7 rock chip samples and 8 maglag samples. Due to the low order assay results, this portion of the tenement was relinquished.