EL 23237 Mt Porter Annual report for the period 8 December 2007 to 7 December 2008

Abstract

This report details exploration activities conducted by Territory Iron Limited for Frances Creek style hematite mineralisation within EL 23237 during the year ending 7th December 2008. Exploration activities during the reporting year comprised: - a literature review of in-house technical reports and literature/datasets from the NTGS library; - a review of aerial photography including photogrammetry; - form-surface structural/lithologic prospect mapping of the Mt Porter tenement area including collection of rock-chip samples for multi-element analysis, and; - compilation and reporting of mapping results Form-surface mapping of the tenement area focused on defining lithological contacts and attaining structural data to validate current government mapping, while on-ground spot-checks for potentially ore-grade ironstone outcrop were undertaken as mapping progressed from the Early Proterozoic Granitoids in the south, to the pelitic/psammitic interbeds and folded fine-grained phyllite beds in the north. The Mt Porter region is devoid of ironstone outcrop, with the majority of the lease dominated by a combination of siltstone, sandstone (pelite/psammite), phyllite, greywacke and tuffaceous chert.