Eclipse Uranium Project Final surrender report EL 24636

Abstract

This final surrender report details the exploration activities carried out over Cauldron Energy Ltd. (Formerly Scimitar Resources Ltd.) exploration licence 24636, during the period 9 December 2005 to 8 December 2009. This work included research, data base compilation, field reconnaissance, airborne geophysical surveying and Aircore drilling within EL 24636. The Aircore drilling program conducted at the Lake Lewis South prospect during early December 2006 comprised 50 holes (ECAC069 to ECAC100 and ECAC166 to ECAC183), targeting near surface calcrete hosted uranium mineralisation, similar to the adjacent New Well uranium deposit, held by Deep Yellow Ltd. The initial phase of the drilling program returned generally low uranium values from three metre composite sampling. Subsequent Geophysical surveys indicated more prospective targets on other leases within the Eclipse project area.