EL 29577 Partial relinquishment report effective 13 June 2014

Abstract

Historical data compilation was carried out in a review of 23 open-file company reports. Historic samples and prospecting work within or proximal to the lease area were reviewed and recent high resolution satellite imagery was acquired and structurally interpreted. Geophysical data from the NTGS were reviewed and interpreted but found to be of limited use except at a regional scale. Several target prospecting areas were identified and a reconnaissance access visit to the area was made to identify the location of an existing mineral claim and conduct visual inspections and prospecting of the target areas. Two small eluvial gold nuggets were recovered using metal detectors near historically worked areas. Other target areas were discounted following visual inspections. Historic prospecting around known occurrences has been extensive and the likelihood of finding significant additional gold from these areas is very low however additional work may uncover new areas of interest. A review of the prospectivity of the lease area based on the field results resulted in a significant tenement reduction down to 4 main priority blocks on 13 June 2014.