Third annual report for EL 26181 5 May 2010 to 4 May 2011

Abstract

EL 26181 is situated on the Calvert Hills 1:250,000 geological mapsheet. It is located around 200 kilometres south of Borroloola. EL 26181 was granted to NADL 6 May 2008. In September 2007, NADL granted TEU the right to all non diamond minerals. This report represents Year Three of the licence. TEU commenced exploration for buried uranium mineralization Of the Westmorland style by way of a RadonX survey in 2009. This reconnaissance survey identified anomalous Radon responses associated with some of the targeted structures which were interpreted to intersect the underlying Seigal Volcanics/Westmoreland Conglomerate unconformity. During the previous reporting period 311 geochemical soil samples were taken from areas identified by the RadonX survey. A small loam sampling program was undertaken to test the surface for uranium indicator minerals with one loam sample collected. A geochemical sampling program was also undertaken to test changes in the geochemical response with depth using the enzyme leach analytical method with 151 samples being collected. Field Expenditure for the reporting period was $49,300.