Fourth year partial relinquishment report for EL 26419 13 April 2011 to 12 April 2012

Abstract

Dr Steve King from Solid Geology Pty Ltd completed a review of the regional structural interpretation of the McArthur Combined Reporting Area Tenements in May 2011. He was able to produce solid geology maps interpreting the Proterozoic geology under cover where possible to aid in the generation of exploration targets. Based on his interpretation it was found that the blocks being relinquished did not fall within favourable geological environments for MMG?s target lead-zinc deposits in reduced siliclastics and carbonates of the McArthur Group. ioGlobal were contracted to review historic surficial geochemical data, concluding the relinquished areas were adequately covered by previous sampling and there was no significant base metal anomalism.