GR308/13 Annual and Final Report of the Pine Creek Two Project for the period ending 2 May 2019

Abstract

The three Pine Creek Two exploration tenements EL 29362, EL 29520 and EL 29521 together form the amalgamated group report 308/13. The project area is located 190 km SSE of Darwin around the Pine Creek townsite. The underlying geology consist of tightly folded Paleoproterozoic meta-sediments intruded by granitoids. The area is prospective for gold mineralisation. Primary Gold Pty Ltd, a wholly owned subsidiary Of Hanking Australia Investment Pty Ltd, has been exploring the area for gold. Desktop reviews together with a site visit during October 2018 have downgraded the prospectivity of the tenements to host economic-grade gold mineralisation viable for mining. All three exploration tenements EL 29362, EL 29520 and EL 29521 of the Pine Creek Two project are therefore offered for relinquishment.