Annual exploration report EL 25397 for period ending 5 February 2008 Sandy Creek Calvert River Project

Abstract

Territory Uranium Company Ltd is exploring for uranium and base metals, and applied for EL 25397 to determine the potential for a wide range of mineralisation styles. Work during Year 1 of tenure consisted of a review of both NTGS data, compilation of all results from Industry reports, plus image generation from NTGS and Rio Tinto airborne geophysical data. Historical exploration over the tenement has mainly focussed on sediment-hosted Cu and Groote Eylandt-style manganese mineralisation. A number of stream sediment sampling programs as well as airborne geophysics surveys have been completed over the general area. A review of this work shows that with the stream sediment sampling programmes there are discrepancies in sample coordinates, no replicate sampling of identified geochemical anomalies and no review on whether the sample size, sample technique and lab analysis technique were appropriate for the areas sampled or for the commodities tested. The identified geochemical anomalies ('Barra, Archer and Calvert 1' anomalies) are worthy of follow-up to either validate or repudiate earlier results. The only geological mapping is the NTGS 250,000 scale mapping that identified the 'Pungalina pipe-set' which remains untested despite being seen as an 'excellent base metal target'. There is also no recorded exploration of a radiometric anomaly in the SE of the tenement, which has a U-channel response that is 57cps (background 2cps). Work during Year 2 will include field reconnaissance and geochemical sampling of areas of interest (Pungalina pipe-set, U channel anomaly and CRA geochemical anomalies).