Annual exploration report EL 25239 Woolner, for period ending 5 February 2008

Abstract

EL 25239 is roughly 30 kilometres to the east of Darwin. Territory Uranium Company Limited is primarily focussing on the potential for mineralisation associated with the Archaen Woolner Dome to the north east. 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 companies that have worked within the Licence area over the past 37 years has included Urangeschellschaft, Mobil, CRA, BHP, Normandy and MInatome. They all have explored for uranium, base metals, gold, commercial clays and manganese. Work during Year 2 will include field reconnaissance, sampling and remote data acquisition that was regrettably not completed during the current year.