Partial relinquishment report over the Mount Wells Gold Project 16 April 2010 to 4 September 2015

Abstract

Work has included literature searches and data base compilation. Open file company reports were obtained from the Northern Territory Geological Survey and a review of past exploration data and geological concepts undertaken. The targeting was undertaken at a high level to identify areas of interest that stand out in the regional re-interpreted geophysical data. Historical prospects were reviewed to determine the effectiveness of the previous exploration and evaluate remaining potential within the Exploration Licence area. Based on the review, tenement was to be partially relinquished based upon more favorable geochemical and magnetic targets within Exploration Licence area.