Second year reduction report for EL 25224 Howley Creek period ending 6 December 2008

Abstract

EL 25224 is east of the Adelaide River townsite within the Pine Creek Orogen. Territory Uranium Company Ltd applied for EL 25228 primarily to explore for vein-hosted U mineralisation and secondly to evaluate the potential for other types of economic mineralisation. Second year reduction was completed with 59 blocks retained 31 blocks dropped. This report details the work done on the relinquished blocks of EL 25224. Work during Year 1 of tenure consisted of a review of NTGS data and Open File Company reports (geological and geophysical). In year 2 a number of field reconnaissance trips were undertaken and numerous targets were visited with geochemical samples and/or scintillometer readings collected but none of the work done was on the relinquished ground.