Annual exploration report EL 24967, for period ending 30 July 2007, Hayward Creek

Abstract

EL 24967 is roughly 60 kilometres North of Tennant Creek, lying east of the Stuart Highway. Territory Uranium Company Pty Ltd's primary exploration targets within EL24967 are Tennant Creek style copper, gold, bismuth mineralisation. Work during Year 1 of tenure consisted of a review of both NTGS data, and compilation of significant results from Industry reports. Geochemical data was georeferenced in MapInfo to outline areas of identified anomalies. Exploration within the Licence has occurred for 30 odd years; Uranerz explored the region in the 70's where they noted that U mineralisation in chloritised shales had been intersected in local gold copper mines in the district. Subsequently Geopeko, Western Mining, Poseidon and several other major companies have concentrated there exploration for Au-Cu-Bi ironstone bodies on the south western portion of EL 24967. Work during Year 2 will include field reconnaissance, sampling and remote data acquisition that was regrettably not completed during the current year.