Fourth Annual Report GR461 - EL 25566 and EL 31383 for the period 23 August 2019 to 22 August 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 exploration undertaken in the fourth year of tenure for 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 drill holes within the relinquished area. The geology appears to be predominantly granitoid rocks of the Mesoproterozoic Umutju Granite Suite. In the current year acquisition and assessment of ground gravity data has upgraded the prospectivity of two gravity/magnetic anomalies at 'Mag Anomaly no.1' (396 readings) and 'SGC' (57 readings) prospects. Interpreted mineralisation models include skarn deposits and sulphides in ultramafics. Ground EM surveys are proposed to define potential drill targets.