Relinquishment Report for EL 25084 Kirkimbie for the period ending December 2014

Abstract

EL 25084 located in the north west of the Northern Territory is part of Daylight Jack Minerals Pty Ltd Kirkimbie Project exploring for diamonds and base metals. The licenses cover Proterozoic to Mesozoic sedimentary rocks and the Antrim Plateau Volcanics. There are significant geological structures in the area and favorable rock types to host various styles of base metal mineralisation. In early 2013 Daylight Jack Minerals Pty Ltd and Australia China Corporation of Coal Geology Engineering Pty Ltd (ACCCGE) conducted a high resolution aeromagnetic survey over EL 25084 and EL 25085. Exploration during the report period has involved modelling of a number of dipole targets that were selected from aeromagnetic survey data. Dipole targets were produced by both Jayson Gregg and ACCCGE. The relinquishment of 72 blocks in EL 25084 was a strategic, economic and direct effort to place all ground on a six year license cycle. Management of the licenses has been complex given the consistent line up of so called investors who hold out and hinder exploration profile. Daylight Jack will over the next two years drill all priority targets in order to take the project forward. We have a good investor who is interested in diamond exploration.