Annual exploration report EL 25294 Saunders Creek for period ending 6 February 2009 Rum Jungle Project

Abstract

EL 25294 is located 18km northeast of Hayes Creek. Hayes Creek in turn is 170km southeast of Darwin on the Stuart Highway. The tenement is north of the Stuart Highway. Territory Uranium Company Pty Ltd is exploring for Base Metals and Gold within this tenement. Previous exploration by TUC consisted of reviewing company reports and historical geochemical data collation and replotting. Exploration in year 2 included seven RC holes for 330m. A best oxide intersect of 5m at 1.44% Cu from 14m including 2m at 3.35% Cu from 15m was returned from the southernmost line of holes leaving mineralisation open to the south, where copper oxide was mapped in old pits 200m along strike. To follow up on this result 24 auger holes were drilled for 32m but access restrictions due to the main creek and thickness of alluvial cover prevented this program from being effective. A total of 305 RC and 33 Auger samples were submitted for multi element analysis.