First annual report on EL 25574 Harper Springs, 30 July 2007 to 29 July 2008, Mount Skinner Base Metal Project

Abstract

Uramet Minerals Ltd identified the potential for a calcrete-hosted uranium occurrence within the Wilora palaeo-channel located approximately 190km north of Alice Springs, NT. Potential for stratiform copper mineralisation and sandstone-hosted lead mineralisation in the Mt Skinner area has also been recognised (Dunster et al., 2007). This report details exploration work carried out by Uramet Minerals Ltd within the Harper Springs tenement (EL25574) in the Northern Territory for the 2007 field season. The tenement was transferred from Elkedra Diamonds NL during the 2007 season and covers an area of 144km2. Exploration consisted of regional reconnaissance work, aircore drilling and geochemical analysis of rock chip and drill spoil samples. A helicopter-borne electromagnetic (EM) survey took place over the eastern part of the tenement in October 2007 with final data products supplied in early 2008. Regional field reconnaissance was carried out in July and October 2007 with promising anomalous copper and uranium results returned. An extensive aircore drilling program within the Wilora palaeo-channel and a minor reconnaissance drilling in the general Mt Skinner area was completed during the reporting period. A total of 1 hole with a depth of 47m was drilled within the tenement in October 2007. The drilling revealed no indication of calcrete or potential base-metal potential.