EL 32032 Partial Relinquishment Report for the period 9 July 2019 to 20 November 2023

Abstract

This report presents exploration work conducted on a relinquished portion of EL 32032 during the reporting period from grant on 9 July 2019 to cancellation on 20 November 2023. EL 32032 is referred to as the Blue Bush Bore title, and is held by Pinnacle Gold Pty Ltd. The title lies approximately 160 km northeast of Tennant Creek. Pinnacle's interest in the Blue Bush Bore title stems from the successful 2017 Northern Australia Geochemical Survey (NAGS), which identified several highly anomalous drainage catchments which contain a series of gold, copper and arsenic MMI anomalies that have a broad spatial correlation with a series of moderately-dipping AEM conductive anomalies. Pinnacle conducted a review of historical exploration, analysis of NAGS geochemical anomalies, interpretation of Geoscience Australia airborne EM data, and analysis of borehole hydrological sampling. EL 32032 is transected by two Geoscience Australia AEM survey lines. NTGS conducted ground gravity surveys over EL 32032 and the surrounding area; this gravity data is open-file. On 20 November 2023 40 blocks were relinquished in response to a Partial Cancellation Notice issued by the DITT. Blocks were selected for relinquishment based on benign responses for magnetic and/or gravity anomalies, and/or partially covering off-tenure magnetic and/or gravity anomalies.