Partial relinquishment report, Boree EL 27819

Abstract

NRE completed two (2) reconnaissance helicopter assisted field trips of the Barkly Project, one in July 2010 and the other in October 2010. 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. Five (5) samples were collected from within the relinquished area. NRE also collected various samples during this activity and engaged in geological mapping of the area. NRE also attended the Darwin Core Library for the purposes of analysing water bore cuttings available within or in close proximity to EL27819. These water bores were tested by NRE using a portable XRF and where NRE felt appropriate, also sent some samples to ALS Laboratories for confirmation of initial analysis by portable XRF. NRE has been able to successfully analyse the work conducted in the first term and integrate and collate the results of the specialised phosphate study with all available geological, geophysical and drill and bore hole data and was able to characterise the stratigraphic relationships pertaining to phosphate mineralisation to identify the most prospective areas within its Barkly Project tenures. In relation to the relinquished area, immediate targets have proven to be difficult to identify and to identify same would require additional exploration activities such as a further sampling program in the retained area. NRE has delineated this area and nominated same after its extensive review of all previous exploration data and its newly acquired data in relation to this ground.