Kulgera HM Project EL 27418 Second partial relinquishment 14 January 2010 to 13 January 2016

Abstract

The area relinquished was made on the basis of field observations and limited data collected from surface soil sampling for HM mineralisation and a few drill holes. The focus of exploration efforts by GMRI was predominantly on the retained portions of the lease. A total of 11 aircore drill holes were drilled on the surrendered portions of the lease. The aircore drilling has demonstrated that HM sands persist within aolean dunes within the relinquished portion of EL 27418. The results were subdues however and GMRI has intended on focusing on the significant mineral Resource on other parts of the project. Further the area relinquished was to mitigate spending exploration dollars unnecessarily on tenement rents on relatively unprospective ground.