Partial Relinquishment Report GR461 EL 25566 and EL 31383 for the period 23 August 2016 to 02 September 2020

Abstract

Gempart's Musgraves Project is located in the Musgraves Province in the extreme southwest corner of the Northern Territory. Tenement comprised four granted titles EL 25566, EL 27912, EL 27913 and EL 31383 with group reporting status GR461. EL 27912 and EL 27913 were surrendered in July 2019. This document reports on the second partial relinquishment of EL 25566 and EL 31383. Primary commodities sought are gold, base metals, nickel, PGE's, and REE's. Little modern exploration data exists from government information or past explorers. There are no prospects, mineral occurrences or drillholes within the relinquished area. The geology appears to be predominantly granitoid rocks of the Mesoproterozoic Umutju Granite Suite. New data generated included an independent geological review of prospectivity, VTEM, ground gravity, airborne magnetics/radiometrics, field observations and pXRF readings. Within the relinquished area no VTEM anomalies, one gravity anomaly, one aeromagnetic and four radiometric anomalies were identified. Field inspection of two radiometric anomalies failed to provide encouragement for further investigation, and on-going assessment down-graded the prospectivity of the other anomalies.