Fourth year relinquishment report on EL 25224 Burrell Creek for period ending 6 December 2010

Abstract

EL 25224 is east of the Adelaide River townsite within the Pine Creek Orogen. Territory Uranium Company Ltd (TUC) applied for EL 25224 primarily to explore for vein-hosted U mineralisation and secondly to evaluate the potential for other types of economic mineralisation. Third year reduction was completed with 29 blocks dropped and 30 blocks retained and fourth year with 15 blocks retained. Work during Year 1 of tenure consisted of a review of NTGS data and Open File Company reports (geological and geophysical). In year 2 a number of field reconnaissance trips were undertaken and numerous targets were visited with geochemical samples and/or scintillometer readings collected, but none of the work done was on the relinquished ground. In Year 3, a radiometric flight was performed over several of TUC's tenements, including EL 25224, followed by an additional sampling program to evaluate some of the targets highlighted by the radiometric data obtained. However, no samples were taken on the relinquished ground. No work was completed on the relinquished ground in year 4.