Relinquishment report for EL 25239 Woolner, for the period ending 5 February 2010

Abstract

EL 25239 is roughly 30 kilometres to the east of Darwin. Territory Uranium Company Limited is primarily focussing on the potential for mineralisation associated with the Archaen Woolner Dome to the north east. Work during Year 1 and 2 of tenure consisted of a review of both NTGS data, and compilation of significant results from Industry reports. They all explored for uranium, base metals, gold, commercial clays and manganese. Work during Year 3 of tenure consisted of a review of the Airborne Electromagnetic Survey data released by Geosience Australia. At the end of Year 3 the tenement was reduced from 90 block to 29. The work performed by Territory Uranium in Year 3 was conducted solely on the 29 blocks which are being retained, and no work conducted on the relinquished areas of EL 25239 in previous years.