Partial relinquishment report for EL 28727 Barrow Creek Project from 3 October 2011 to 23 January 2015

Abstract

The relinquished area of EL 28727 formed part of the ABM Resources NL (ABM) Barrow Creek project which currently comprises Exploration Licenses 8766, 23880, 23883, 23884, 23885, 23886, 26825, 28515, 28727, 28748, 29723, 29724, 29725 and 29896. The Barrow Creek project is centered approximately 320km NNW of Alice Springs in the North Arunta region and stretches for 236km west to northwest of the town of Barrow Creek (Figure 1). These tenements form the GR162 technical reporting group. The tenement area was selected as it was included in Newmont's Tanami Regional Framework study which highlighted the prospectivity of the area. ABM explored the tenement for the potential of gold mineralisation. Exploration included a project wide reprocessing of comprehensive aeromagnetic data and its integration into a compilation of a basement geology map. In 2015 the review of data over EL 26825, in particular the magnetic data, did not show any immediate drill targets and did not indicate any significant features warranting follow up work. In addition, the geochemical data is poor. These results led to a 35% reduction of the tenement area.