Annual report on EL 27379 Murphy Project

Abstract

This EL has the potential to host unconformity style and sandstone hosted style uranium deposits, similar to those located in the Alligator Rivers Uranium Field at the northern end of the McArthur Basin and the Westmoreland deposit approximately 100km to the east of the project area, respectively. Exploration during the 2010 field season comprised an Airborne EM survey in September 2010 which covered the south eastern corner of EL 27379. This data has been processed and preliminary modelling and interpretation of the data was completed. Further interpretation and modelling of the data will conducted during January and February 2011. Future work in 2011 will include modelling and interpretation of the AEM survey data and follow-up ground EM if warranted.