Annual report for EL 23509 for the year ending 26 February 2010

Abstract

Exploration for uranium mineralisation was carried out on EL 23509. Historical work over the tenement area has been largely restricted to prospecting and ground geochemical surveys for gold, tin and base-metals. The EL contains a number of abandoned tin mines, known as Bells Tin Mines or Hayes Creek Tin Mines. Uranium exploration on EL 23509 commenced as a result of exploration work in an adjacent tenement and the identification of anomalies on EL 23509 from publicly available airborne radiometric data. During the previous reporting period grid ground radiometric surveys, trench channel sampling, geological mapping and rock chip sampling were carried out at Thunderball Extended Prospect and Mt Osborne Prospect. During this reporting period 5 diamond Holes (272.3m) and 4 RC holes were drilled at Thunderball Extended Prospect and 3 RC holes (763m) were drilled at Corkscrew Prospect. A total of 248 drill hole samples were assayed, consisting of 93 1-metre interval splits of RC samples, 91 4-metre composite RC samples and 64 half-core samples. Ground radiometric surveys, geological mapping and rock-chip sampling were carried out at Corkscrew Prospect. A total of 16 rock chip samples were collected, and 22 line km of ground radiometric data were recorded. Two short trenches with a combined length of 20.9m were dug at Corkscrew Prospect and 22 trench channel samples from these trenches were assayed. Four trench samples were submitted for petrology. Airborne magnetic, radiometric and EM surveys were carried out over most of the EL. A total of 1094 line km of airborne geophysics were flown over the EL. These data have been supplied in reports on other titles.