Annual report for EL 10120 Yam Creek for the year ending 14 August 2009

Abstract

Exploration for gold and uranium mineralisation was carried out on EL 10120. The EL has been previously explored for gold. A number of known hard rock gold occurrences are located on MCN's excised from the EL, these include Radfords' Blow, Temperance and Princess Louise. No previous uranium exploration has been reported. Thundelarra Exploration has recently commenced uranium exploration on the EL as the structural and lithological setting appears very similar to that hosting vein style uranium mineralisation at Thunderball prospect to the South of the EL. Uranium exploration during this period had been restricted to literature searches, database compilation and regional geological traversing to confirm geological interpretation. The holder of the tenement has conducted a bulk sampling programme of alluvial material. A total of 41 oz. of fine gold was recovered from 5000t of material put through an alluvium test plant.