Mount Peake Project Partial Relinquishment Project 20 October 2010 to 23 October 2020 EL 27941

Abstract

EL 27941 was granted to Enigma Mining Limited (Enigma) on 20 October 2010. Enigma is a wholly owned subsidiary of TNG Ltd. The licence forms part of TNG's Mount Peake project together with EL 27069, EL 27070, EL 29578, EL 30483, EL 31389 and EL 31850 along with ML's 28341, 29855, 29856 and 30686. A full literature review was carried out on the historical data in the early years of tenure and review and modelling of the geophysical data were undertaken in 2011. Targets were generated as a result of the geophysical review and drilling was completed at the Highway Anomaly within EL 27941 in April 2012. Drilling encountered a large granitic body and no drill logs were completed or samples analysed. No further exploration has been completed and a partial relinquishment was undertaken in October 2020. This report details the exploration carried out on the relinquished area.