Partial relinquishment report, blocks relinquished after year 2, Pine Creek Property EL 28016, reporting period 25 November 2010 to 24 November 2012

Abstract

To maximise the available expenditure and focus on the key target area, the relinquishment of lower priority areas of EL 28016 was recommended. The blocks selected for relinquishment covered areas of the tenement that did not cover the mineralised Fenton Shear zone, or were deemed to be of a low priority because the diffuse magnetic response indicated the target formation was too deep and/ or the iron and sulphur contents (associated with magnetite and pyrrhotite) were low.