EL 28886 Partial relinquishment report 2 Delmore Downs

Abstract

A program of regional reconnaissance of western licence area combined with acquisition,image processing,modelling and interpretation of Perenti Heliborne 500m l.s. SKYTEM geophysical survey,located, digital data for massive sulfide - prospective near-surface conductors and/or coincident,discrete AMAG anomalies possibly indicative of magnetite associated Cu-Au-U mineralisation was implemented during second year of tenure. Previous modelling, image processing and interpretation of 500m l.s. TMI/Radiometric regional,located, digital data revealed a west north west trending splay of Delny Shear Zone locally known as the Perenti trend, traversing across the licence area (overlain by extensively cropping out,metapelitic,Aileron Province ledan schist,1770Ma intruded by Ida Granite,1803Ma. Detailed geophysical analysis of AEM data showed the western or PPL 1126 Delmore Downs part of licence area has no obvious near surface conductors possibly indicative of economic massive sulfide base metal gold mineraliation consequently the licence area was partially relinquished 15th February 2015. AEM sub surface Conductor Areas 1,2 and 3 were further refined during 2015 through detailed geophysical analysis involving (1) advanced forward modelling and (2) computational depth to magnetic basement estimations allowing reduction of licence area by 15 sub blocks to 16 sub blocks.