Final report EL 27425, Relinquished blocks

Abstract

Universal Splendour Investments was originally granted EL 27425 in December 2009. It is located in the Borroloola region in the Northern Territory and is one of a group of three tenements known as the Dunmarra Group. 50% of the tenement is now being relinquished, following NTGS guidelines. This is the Final Report for those relinquished blocks, highlighting all work completed by USI since December 2009. Initial work carried out for EL 27425 consisted of a background desktop study, completed by Karl Lindsay-Park from CSA Global in March 2010. This report covered all of USI's tenements in the Gulf of Carpentaria region. In 2010, International Geoscience completed a full background review for the Dunmarra Project, including an assessment of previous exploration, manganese mineralisation model, data compilation and a preliminary interpretation of the tenements. Accompanying the background review was a 10 day field visit to all USI's Gulf tenements which; assessed the tenement access, mapped geology and collected rock-chip samples (This was reported in the 'Tenement Summary Report for the period January 23 2010 to January 23 2011 for EL 27425'). During the 2011 field season no ground activity was completed on the tenement. This is due to USI's commitments to other more prospective tenements in the region.