Year 3 Second relinquishment report on EL 25378 Bundey River, 15 February 2007 to 14 February 2010

Abstract

The Bundey River Project is located in the Plenty River area about 125km northeast of Alice Springs. The project was originally part of two contiguous tenements, including EL 24810 to the west, that covers approximately 1,200km2 of the Tertiary Waite and Huckitta Basins within the Proterozoic Arunta Block. These recent basins are considered to be prospective for paleo drainage hosted uranium mineralisation. The Bundey River passes through the west and the Little Frazer Creek to the east of the Bundey River project area. The prospective areas within the tenement are topographically flat and are covered by scrubland and grassland. Early stratigraphic information was obtained by the BMR, which drilled two holes into the basin during the 1960s. Extensive open file and report data was reviewed during the three years of tenure on the surrendered area. None of the SkyTEM survey or the follow up reconnaissance air core drilling covered the second surrendered portion of the tenement.