Partial surrender report EL 23655 Lander from 12 June 2003 to 11 June 2009 Reynolds Range Project

Abstract

Exploration on relinquished tenement portions of EL 23655 by Select and TENL as well as DYL. This report covers all exploration carried out on the relinquished tenement portions for the period 12 June 2003 to 11 June 2009. As part of a regional study of the Reynolds Range area TENL completed an interpretation of the regional geology, reprocessed aeromagnetic data and carried out regolith mapping. The DYL generated AEM survey and NTIR data interpretation resulted in the identification of paleo - channels, which where subsequently drill tested in parts, where access was allowed. The drilling intersected oxidised and clay-prone colluvium without finding any sandy or calcreted paleodrainage. Therefore the uranium prospectivity of this tenement is considered downgraded and unattractive for further sediment-hosted exploration. No significant results were received from either the surface sampling nor the 2006 RAB (gold) and the 2009 Aircore drilling (uranium). The best 2009 Aircore drilling result came from hole RRAC 220 with a 5m intercept of 11ppm U308.