Partial relinquishment report for EL 25702

Abstract

Exploration Licence 25702, Mt Hardy, forms part of the Mt Doreen Project, which lies within the Eastern Tanami region and is situated approximately 320 km northwest of Alice Springs. Exploration Licence 25702 was granted to Deep Yellow Limited (DYL) on 6 September 2007. The exploration programme sought to identify near-surface calcrete or sand hosted uranium, with secondary targets comprising tabular lignitic or redox traps within deeper basinal sediments. Exploration Licence 25702 was reduced from 29 to 15 blocks with effect from 6 September 2010. This report covers exploration of the relinquished portion of EL 25702 during the period from 6 September 2007 to 5 September 2010. Exploration carried out within the relinquished region of the exploration licence during the reporting period included reconnaissance field trips and an air core drilling programme. A total of 1 AC hole for 15 metres was drilled within the relinquished portion of EL 25702. Composite 3-5 metre samples of the top 10 metres were taken for uranium assay. All drill samples were measured for total gamma response with a hand-held RSS-125 spectrometer. All composite assay samples were submitted to ALS Chemex in Alice Springs and analysed for uranium by XRF (method ME_XRF_05) with a detection limit of 4 ppm.