Partial relinquishment report on Poision Creek Project

Abstract

Work included literature searches and data base compilation. Open file company reports were obtained from the Northern Territory Geological Survey and a review of past exploration data and geological concepts undertaken. Airphoto interpretation has identified geological and structural features for ground reconnaissance. During the term Spinifex Uranium also negotiated the purchase of private company exploration reports. EL 26100 is part of the Davenport Province Project, comprising seven Exploration Licences situated south-east of Tennant Creek. This relatively underexplored area was selected as it is considered to have potential to host unconformity-related uranium, and gold and base metal deposits. A total of 50% of the tenement was to be relinquished based upon more favorable magnetic targets in the central portion of the Exploration Licence area.