Final amalgamated technical report for period 5 January 2011 to 8 November 2012, GR257/12 Tanami North

Abstract

During the reporting period a desktop review of previous exploration was completed. Open file data was assessed and drill core and areas worthy of ground inspection determined. Toro viewed various drill cores from this project at the NTGS core store during July 2012, and made general observations and conclusions about geology and prospectivity. Core trays were 'pulled' at the core library as required and inspected using a flood light. Toro also collected 14 selective and representative samples from the historic drill core. In most cases, core was broken, had been previously split, or was in such condition that cutting was not required. Sulphidic intervals in the Limbunya core were 'fluffed up' due to oxidation of the sulphides. Hence, true half- or quarter-core sampling was difficult. As a compromise, the sampling was done by 'unselectively' hand picking representative pieces through the particular interval to make up a 1-2 kg sample. For the purposes herein, this is considered a reasonable approach. These samples were pulverised and sent to ALS Laboratories for multi-element analysis, including major elements and organic carbon in some cases. Toro's rationale for viewing and collecting historic drillcore was to quickly and inexpensively assess the uranium potential of these areas, and ensure that base metal assays conducted by the sponsoring companies reflect the true composition of the rocks intersected. Based on poor results, no further work is recommended and exploration licences were surrendered.