Final report EL 27631 relinquished blocks

Abstract

Universal Splendour Investments (USI) was granted exploration license EL 27631 in June 2010, along with EL 27632 collectively referred to as the McArthur Project area. These tenements are located in the northern region of the Northern Territory, approximately 150km east of Katherine and 360km southeast of Darwin. In May 2012, EL 27631 was reduced by 50% as requested by NTGS guidelines. In 2010, International Geoscience conducted a full background review for the McArthur Project. Stream sediment sample assays from the NTGS database within the exploration licence showed signs of high Mn values which appeared to be associated with Proterozoic rocks. Evidence of Pb/Zn mineralisation, particularly the SEDEX style of the McArthur River type was found by reviewing the NT geochemical database. Three Pb/Zn mineral occurrences were identified within the McArthur project area. Within the 2011 field season one field visit was undertaken in June to identify access to the tenements, collect rock samples and visit the Pb-Zn occurrence (Wongalara). Unfortunately Wongalara was inaccessible by 4WD due to very wet conditions. The area is considered prospective for manganese (Mn) and lead-zinc (Zn/Pb) mineralisation. Mn mineralisation and particularly Cretaceous sedimentary deposits of the style seen at Groote Eylandt are the main prospect within the project area.