Partial relinquishment report, Plenty River EL 27897

Abstract

NRE completed two (2) reconnaissance helicopter assisted field trips of the Barkly Project, one in August 2011 and the other in May 2012. NRE introduced themselves to local landholders, assessed a number of field targets across the tenement and carried out geological mapping of the project area. The field trips proved successful in evaluating the tenements in the most effective and timely manner possible. Geological characteristics were recorded at each site and bulk surface samples were collected. Although no samples were collected from within the relinquished area itself, NRE based its conclusions on the results of samples collected within the retained area and the surrounding tenements within the region. NRE also engaged Terra Search Pty. Ltd. to attend the Northern Territory's Alice Springs Core Facility to analyse a number of cuttings available from historically drilled water bores within its project areas. There were no water bores located within the relinquished area however NRE tested those water bores within the retained area and surrounding tenements in order to gain a better understanding of the region. NRE has concluded that the potential for mineralisation within this area is much lower than the remaining tenement area.