Annual report for EL 25553 Hayes Creek for the year ending 25 July 2009

Abstract

Exploration for uranium mineralisation was carried out on EL 25553. Previous work over the tenement area has been largely restricted to prospecting and ground geochemical surveys for gold, tin and base-metals. The EL lies adjacent to a number of historical tin mines, known as Bells Tin Mines or Hayes Creek Tin Mines. Uranium exploration of the EL commenced after the identification of a strong U-channel anomaly from publicly available airborne radiometric data. During the first year of tenure ground radiometric surveys, geochemical surveys and trenching were carried out. During the second year of tenure, the period of this report, 3 RC holes for a total of 200m and 70 samples, were drilled below the trenches at the Bella Rose Prospect. Weak uranium mineralisation associated with ferruginous veining in the oxide zone was intercepted in the RC holes. Geological mapping was carried out over the eastern quarter of the EL. An airborne Tempest EM survey was carried out over the EL in collaboration with GA Australia. EM results were not available at the time of reporting.