Annual exploration report EL 25397 for period ending 5 February 2009 Sandy Creek Calvert River Project

Abstract

During Year 2 of tenure Territory Uranium flew a hyper Spectral remote sensing survey over the entire Calvert River tenement. The survey consisted of a total flight length of 123 kms at a height of 1400 m, with a line spacing of 1300 m. The main purpose of the flight was to differentiate the numerous 20-100 m diameter circular pipes in the area. The survey was also able to identify new targets further south in the tenement, as well as identifying linear features which have been interpreted as faults. Two field trips were conducted to the Calvert River tenement during the year, with the aim of completing a broad scale stream sediment sampling program over the tenement. The second trip also involved a more detailed stream sediment program over areas where the results from the first trip showed anomalies worth investigating. In addition to this the second trip also focused on soil sampling over some of the pipe features which were differentiated in the hyper spectral remote sensing survey. In total 195 samples were collected, consisting of 121 Stream sediment samples, 41 Auger - soil samples, 27 rock chip samples and 6 diamond samples. Results are promising with Au, Cu, Zn anomalies identified associated with circular features.