Final report EL 27632 relinquished blocks

Abstract

Universal Splendour Investments (USI) was granted exploration license EL 27632 in June 2010, along with EL 27631 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 2010, International Geoscience conducted a full background review for the McArthur Project. Stream sediment sample assays within the exploration licence showed signs of high Mn values. The high Mn assays appeared to be dominantly related to Cretaceous outcrop which covers approximately 30% of the tenement. At Groote Eylandt a world class Mn deposit is hosted within sediments of similar age and depositional environment. In other parts of the EL high Mn is 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 lie 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 occurrences (The Swamp and Galena Cliffs). Only The Swamp occurrence was visited. The highest values of Zn were only 2813 and 3742ppm. Galena Cliffs proved to be inaccessible by 4WD due to very wet conditions. Several samples of Fe/Mn laterite were collected but Mn values were too low to consider follow-up (<1.5%). 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.