Aileron Project EL 26357 Chianina Annual report for period ending 15 April 2009

Abstract

This is the first Annual Exploration Report for Chianina tenement EL 26375 that was granted on 16 April 2008. The area covered by EL 26375 was selected by NuPower Resources Limited because of the potential for secondary uranium mineralisation (derived by erosion of adjacent uraniferous basement granites and gneisses) in unconsolidated Tertiary basin sediments of the Ti-Tree Basin. During the current reporting period, NuPower sampled fourteen water bores and conducted airborne electromagnetic (AEM) and gravity surveys over the tenement. Water from fourteen station stock water bores was assayed for a suite of major and trace elements the results of which are expected to assist with targeting potential sites of uranium accumulation within the palaeochannel systems. The AEM survey formed part of a larger survey of NuPower's tenements in the Aileron region and was designed to explore for buried palaeochannels within the Cainozoic sedimentary package as potential hosts for secondary uranium. It totalled 1204.5 line kilometres and showed that the Ti-Tree Basin is more extensive and better developed than previously thought. NuPower also contributed to the NTGS Central Australia Gravity Survey (CAGS) over the Central Arunta region in the Chianina area to acquire higher quality data for regional basement interpretation. Results have been received are included in this report.