EL 27365 Partial relinquishment report 12 January 2010 to 11 January 2014

Abstract

During the period under review, the relinquished part of the EL was explored by historical exploration data appraisal and analyses, geological mapping, high resolution airborne magnetic and radiometric survey along with ground truthing. Relinquished part of EL 27365 was flown by high resolution geophysical survey (magnetic and radiometrics) during 2010 by Thompson Aviation. East-west lines were spaced 70m apart, with 445 line-kms flown over EL 27365. A technical review of the geological and geophysical data of the relinquished part of EL 27365 indicated that the area has very low potential for gold, uranium and base metal mineralisation. As a result of that 7 westerly blocks of the Licence were surrendered on 13 November 2013.