Year 3 Relinquishment report for EL 25229 Douglas River, for period ending 8 November 2009

Abstract

EL 25229 is 120km south of Darwin (by road). Territory Uranium Company Ltd applied for EL25229 to explore for uranium mineralisation. Work during Year 1 of tenure consisted of a review of both NTGS data and geophysical data. A list of previous Tenure was compiled. Work during Year 2 included a full assessment of uranium targets within 3 Daly River Project tenements EL 25222, EL 25223 and EL 25229, followed by a helicopter reconnaissance program. At the end of year 2, EL25229 was reduced by 50%. During Year 3, geochemical sampling was undertaken at two new prospects on EL 25229. At the end of year 3, the tenement was reduced by 50% according to requirements; no work was undertaken on the relinquished ground in Year 3. This report details all the work done on the blocks of EL 25229 relinquished in the third year.