Annual and final technical relinquishment report EL 25224, for period ending 6 December 2012

Abstract

TUC Resources have held EL 25223 since 6 December, and are relinquishing the tenement at the end of the sixth year of tenure, 5th December 2012. Since gaining access to the licence TUC Resources have completed a historical review of the tenement examining existing prospects. In the third year of tenure TUC Resources flew a low level detailed (100m line spaced) airborne magnetic and radiometric survey. The 4,030.3 line km survey covered parts of EL 25223, EL 25224 and EL 25228. The survey revealed a number of discrete radiometric anomalies for follow up work. Subtle anomalies are located on major fault zones and in association with the uranium prospective unconformity line. Reconnaissance investigation was commenced but due to access restrictions only 8 rock chip samples were taken with no significant results returned. Due to other priorities and budget restraints TUC Resources was unable to further explore the tenement in the fourth, fifth or sixth year of the tenement.