EL 29140 and EL 29141 Hanson River Project annual and final report for the period 6 August 2012 to 1 April 2014

Abstract

During the Year 1 reporting period NT Minerals commissioned the reprocessing and merging of all available airborne magnetic data and ground based gravity data covering the Hanson River Project as well as the surrounding region (including over the Home of Bullion project). Evaluation of the targets generated in the initial review determined that they were not as significant as previously thought. The substantial amount of Quaternary cover in the area added to the expected costs of the intended drilling programme. Research conducted by NT Minerals led to the decision that EL 29140 and 29141 should be surrendered due to insubstantial evidence to proceed with exploration drilling.