Year 3 reduction report for EL 25176 'Hermit Creek', for period ending 8 November 2009, Litchfield Project

Abstract

EL 25176 is situated approximately 240km SSE of Darwin, NT, and 14km west of Daly River townsite. Territory Uranium Company Pty Ltd is exploring for multiple commodities and applied for EL25176 to explore for unconformity-hosted U mineralisation, plus review potential for base metals and gold. Work during the first 2 years of tenure consisted of a review of both NTGS data, and compilation of significant results from Industry reports, plus a geophysical review of available data. At the end of year two EL25176 was reduced by 50%. Exploration on EL25176 during the third year of tenure consisted of a helicopter based geochemical reconnaissance of priority uranium targets. At the end of year three EL 25176 was reduced by 74%, none of the targets visited during the reconnaissance were within the relinquished ground. This report details the work done on the blocks of EL 25176 relinquished in the third year.