First annual report on EL 25841 Dunmarra Cooee Hill project

Abstract

The Dunmarra Cooee Hill Uranium Project is located approximately 300 kilometres south east of the township of Katherine in the Northern Territory. This report describes the results of literature research and target generation based on re-interpretation of radiometric data and surface rock chip sampling program carried out during the first year of the Licence. The Dunmarra Basin contains many minor copper mineral occurrences. The whole basin in comparisons to other geological provinces in the Northern Territory remains under explored. First and second order radiometric anomalies present within the Project areas still remain not investigated. The radiometric anomalies are associated with the favourable lithologies which have the potential to hosted uranium deposits are found in the Northern Territory, namely the Lower Cretaceous (lateritised claystone, soft grey claystone, impure sandstone, white quartz sandstone, conglomerates). In terms of both regional and project scale structure the Project areas are ideally situated for sandstone and unconformity style and sedimentary uranium roll front type uranium deposits. In August 2008, Arnhem Exploration Services was commissioned to carry out a reconnaissance program on EL 25841. Work carried out included scintillometer readings and collecting 45 rock samples along specified traverses. The rock chip samples are numbered from 40001R to 40045R. Based on the assay results, several low order gold-uranium anomalies have been delineated within central and the north eastern portion of EL 25841.