Partial relinquishment report for period 15 January 2010 to 29 February 2012

Abstract

EL 27314 is part of the Auvex Georgina PL Georgina Basin Project, located in the southern Georgina Basin. The Project area is prospective for base metals, manganese and phosphate mineralization. 150 of the 374 graticule blocks which constitute EL 27314 were nominated for relinquishment 9 March 2012. During the reporting period exploration activities within the relinquished portion of EL 27314 included interpretation of the available geological and geophysical data, the interpretation of satellite imagery, reconnaissance field visits including outcrop sampling for element analysis, the development of exploration models and the definition of exploration targets. The exploration activities did not locate any significant exploration targets within the relinquished portion of the lease.