Tenement summary report for the period 29 July 2010 to 28 July 2011 for EL 27801

Abstract

Universal Splendour Investments hold exploration licenses EL 27371, EL 27542, EL 27343, EL 27799, EL 27800, EL 27801 and EL 27805, collectively referred to as the Amadeus project area. This block of tenements is located in the southern portion of the Northern Territory, approximately 90km southwest of Alice Springs. A desktop study was undertaken on the Amadeus project area (Lindsay-Park, 2010). This report contains a brief summary of the geology and previous exploration on the project area. This report refines the understanding of any potential mineralisation within the tenements. Trace amounts of manganese (Mn) are recorded throughout EL 27542 and EL 27371. The source of the Mn is unclear but early indications suggest the Madderns Yard Metamorphic Complex and the Bitter Springs Formation. A study of the geology indicates that conditions have existed for deposition of Mn in a shallow water environment where the anoxic conditions are disturbed during periods of marine transgression and regression. Both Mn oxide and carbonate mineralisation may be possible. A source of marine Mn is in the Palaeoproterozoic to Mesoproterozoic Madderns Yard Metamorphic Complex of the Arunta Block crystalline basement Support for this interpretation is provided by several Mn occurrences clustered within this Formation along strike to the east of EL 27542 (eg: Fenn Gap). The Fenn Gap occurrence, averaging 39% Mn, is sub-vertical and consists of pyrolusite-stained brecciated dolostone. The mineralisation is limited to the surface and appears fault-controlled (Ferenczi, 2001). A number of reported base metal mineralisation occurrences are close to USIs tenements. Further investigation of these occurrences and possible continuation into USI tenements is recommended.