Final reduction report for EL 25195 Elliot Creek for period ending 8 November 2010

Abstract

Work during Year 1 of tenure consisted of a review of NTGS data and Industry reports. The COREDAT database showed several drillholes within EL 25195 held in the Darwin Library. A total of 19 quarter core samples from 5 drillholes were collected and assayed for a suite of elements including uranium. The samples taken were collected at areas of change of lithology and/or alteration. The best result was 13.8ppm U (with 2ppb Au) taken from Hole 82/42. Exploration on EL 25195 during year 2 and 3 was restricted with efforts focused on EL 24984. Historical data compilation continued and a review of uranium targets (EL 25176 and EL 25195) and tin targets (EL 25297) commenced with helicopter and geochemical reconnaissance undertaken at priority targets in the 2009 field season. Four soil and 1 rock chip sample were taken from the relinquished ground. No significant results were returned. Territory Uranium intended to complete a radiometric survey over this tenement in year 4 but due to budgeting restraints was unable to complete the survey. The tenement was subsequently relinquished due to Territory Uranium being unlikely to meet expenditure commitments in year 5 and 6.