Relinquishment report for EL 24883 Money Shoal Project for the period 30 August 2006 to 28 August 2009

Abstract

Exploration activities completed to date indicate that the scintillometer measurements carried out in the eastern part of the Money Shoal tenement have confirmed the occurrence of uranium within a lateritised and transported profile of probable Mesozoic age. Also assays of water and soils/rock have established the presence of Thorium and Uranium at sufficient levels to warrant further substrate testing. Groundwork surrounding the Jimmys Creek and Line 145 areas showed that the radiometric results were sporadic or low in tenor and are related to modern alluvial sediments on the tidal flats rather than a palaeo-surface profile.