Second Annual and Final Report Rand EL 32349 for the period 29 July 2020 to 28 July 2022

Abstract

EL 32349 was granted in July 2020. Primary target commodities are base metals and gold. There are no mines, deposits or prospects within the tenement, nor any drillholes. The only data acquired by previous explorers are a few rock chip and drainage samples. Most of the area is covered by Quaternary sands and alluvium. Scattered outcrop comprises Amadeus Basin sediments; primarily Bitter Springs Group in the west with Julie Formation and Arumbera Sandstone in the east. Gempart believe, on the basis of anomalous assays from limited surface sampling, that potential exists for sediment-hosted copper and gold in the Julie Formation or Arumbera Sandstone. Work in the first year of tenure comprised review of all public domain geotechnical databases and previous exploration reports. Gutnick Resources collected reconnaissance samples from drainages within Amadeus Basin sediments, mostly in the northeast and northwest of the tenement area. BLEG and base metal assays reported up to 170ppm Pb, 120ppm Cu and 0.4ppb Au. Analysis of published geology and geophysics provide no exploration indicators to target a possible primary source. A small VTEM survey was flown in the north-east quadrant of the EL over the area of best historical assays. Data were acquired on 300 metre east-west traverses covering 25 square kilometres for a total of 91 line kilometres. Results were disappointing. No distinct bedrock conductor responses were observed, and only two priority 3 anomalies probably associated with preferential weathering and drainage were recorded. The lack of any response from airborne EM and magnetics downgrades the immediate prospectivity of the scattered surface geochemical anomalism. Based on substantial work conducted by Gempart elsewhere in the Arunta Block and Amadeus Basin east of Alice Springs, the surface geochemistry may be misleading. In the absence of a clear target Gempart has decided to divest of EL 32349 and focus exploration efforts on substantial tenement holdings elsewhere in the Northern Territory