Annual and final report EL 27365 covering the period from 12 January 2010 to 23 October 2015

Abstract

During the tenement life, exploration activities included an airborne radiometric and magnetic survey flown over the entire tenement area, geological mapping, ground-truthing, gravity survey, soil and rock chip sampling and data interpretation. A technical review of geological, geochemical and geophysical data indicates that project area has potential for base metals, gold and uranium mineralisation. However Element 92 has not been able to identify solid drilling target within the licence therefore decided to relinquish the tenement. Moreover the tenement was initially pegged for uranium potential and uranium exploration is not currently a priority for Element 92.