Year 2 reduction report for EL 25222 Bamboo Creek, for period ending 8 November 2008

Abstract

EL 25222 is 220km south of Darwin (by road). Territory Uranium Company Ltd is exploring for uranium, and applied for EL 25222 to explore for U mineralisation. Work during Year 1 of tenure consisted of a review of both NTGS data, compilation of significant results from Industry reports and geophysical data review. Work during Year 2 included a full assessment of uranium targets within 3 Daly River Project tenements EL 25222, EL 25223 and EL2 5229 followed by a helicopter reconnaissance program. At the end of year two EL 25222 was reduced by 140 blocks, targets identified in this review were retained hence no field work was undertaken within the relinquished ground. This report details the work done on the blocks of EL 25222 relinquished in the second year.