EL 29849 Dalmore Downs Partial relinquishment report for period ending 14 April 2016

Abstract

EL 29849 (Dalmore Downs Project) is located approximately 220 km ESE Tennant Creek and approximately 25 km south of the Barkly Highway on the Alroy and Ranken 1: 250,000 and the Wonarah and Ranken 1:100,000 map sheets in the Northern Territory. The tenement occurs within the central western part of the Georgina Basin where flat-lying, phosphate-bearing Cambrian sediments have been deposited. The lower part of this sequence, the Gum Ridge Formation, is considered prospective for phosphate mineralisation overlying either carbonates or basalts of the Middle Cambrian. The tenement was formed by the amalgamation of several tenements in early 2013. A total of 24 RC drill holes, an airborne electromagnetics survey, an Exploration Activities Site Audit and a Rehabilitation Procedures Manual were conducted on the relinquished part of the historic tenements, with significant results from RC drilling including 12m at 19.2 percent P2O5, and 17m at 13.67 percent P2O5. Since 19 March 2013 when EL 29849 was granted, no work has been completed. A partial relinquishment of what was deemed to be the least prospective part of the tenement was made in March 2015. A partial cancellation of 18 blocks was made on 14 April 2016 pursuant to section 105 (1) (b) of the Mineral Titles Act.