Partial relinquishment report on Poision Creek Project

Abstract

Work included literature searches and data base compilation. During the month of April 2012, a review of re-processed and re-interpretation of magnetic and radiometric data from the Northern Territory Geological Survey Database was undertaken. The geophysical images were used in identifying exploration targets for uranium, base metals, tungsten and tantalum. Several first-order and second-order magnetics targets were identified which had not been previously examined by historical field programmes. Historical regional data was also reviewed to determine the effectiveness of previous exploration and evaluate remaining potential. A total of 50% of the tenement was relinquished based upon more favorable magnetic targets in the southern portion of the Exploration Licence area.