Final reduction report on EL 25176 Hermit Creek for period ending 8 November 2010

Abstract

Work done during Year 1 of tenure consisted of historic data compilation; assessment of available geophysics data and planning of an airborne geophysical survey (EL 25176 was finally removed from the survey plan and was not flown). Exploration for CR111 during year 2 primarily focused on EL 24984. Exploration aimed to demonstrate the Litchfield Province has the potential to host Sally Malay style intrusions within the Hayes Creek Orogen. Exploration on EL 25176 during the period 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 planned at priority targets in the 2009 field season. None of the priority targets were within the relinquished ground. During Year 3, reconnaissance, ground geophysical and geochemical sampling of radiometric anomalies (uranium focused) was undertaken at eight sites across EL 24984, EL 25195 and EL 25176. A total of 6 soil samples, 4 rock chip samples and 16 spectrometer assays were taken across all tenements. 3 of the rock chip samples and 5 of the spectrometer assays are located within the relinquished ground on EL 25176. No significant results were returned although outcrop of the unconformity between the Chilling Sandstone and the underlying Proterozoic sediment was located. 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.