EL 29849 Dalmore Downs Partial relinquishment report for period ending 24 March 2017

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 8 RC drill holes, with significant results including 19 m at 20.3 percent P2O5, and 15 m at 30.0 percent P2O5 and an airborne electromagnetics survey was completed on the relinquished part of the historic tenement. Since 19 March 2013 when EL 29849 was granted, work has comprised rehabilitation and rehabilitation monitoring. The tenement was reduced by 41 blocks in 2015. A partial cancellation of 18 blocks was made in April 2016. A partial relinquishment of 11 blocks was made on 24 March 2017 pursuant to section 29 of the Mineral Titles Act on some blocks which identified significant mineralisation. However, the mineralisation is patchier than the current very large Wonarah JORC resource to the south.