Annual exploration report EL 25228 for period ending 22 November 2007 Howley Creek/Rum Jungle/Pine Creek Project NT

Abstract

EL 25228 is east of the Adelaide River townsite within the Pine Creek Orogen. Territory Uranium Company Ltd applied for EL 25228 primarily to explore for veinhosted U mineralisation and secondly to evaluate the potential for other types of economic mineralisation. Work during Year 1 of tenure consisted of a review of NTGS data and Open File Company reports (geological and geophysical). The work was still in progress as at the end of Year 1. Work during Year 2 will include ranking of radiometric anomalies, field reconnaissance (mapping and ground radiometrics) and geochemical sampling. Drilling may be carried out if results are positive.