Annual exploration report on EL 25311 'Pine Creek East', for period ending 21 December 2007, Rum Jungle-Pine Creek Project

Abstract

EL 25311 is 3km east of the Pine Creek townsite within the Pine Creek Orogen. Territory Uranium Company Ltd applied for EL 25311 primarily to explore for veinhosted U mineralisation and secondly to evaluate the potential for other types of economic mineralisation. Work during Year 1 of tenure consisted of a review of NTGS data and Open File Company reports (geological and geophysical). The work was still in progress as at the end of Year 1. However, it does not appear that any exploration for uranium has taken place within the Licence and there is still potential for further gold mineralisation. Work during Year 2 will include field reconnaissance, data evaluation and progressing to drilling.