Combined annual exploration report CR110 EL 24884, EL 24906, EL 25228, for period ending 19 January 2009

Abstract

The project area is approximately 80km due south of Darwin and consists of three tenements: EL 24884, EL 24906 and EL 25228. Exploration during the year included reconnaissance rockchip sampling (13 samples), auger drilling (124 holes for 163.4m) and RC drilling (15 holes for 672m). Significant uranium anomalies were returned on EL 24884 and 2 new mineralised reefs were identified on EL 25228. EL 24884 - Reconnaissance rock chip sampling and a broad space Auger program (58 holes for 46m) was completed to test for uranium and base metal mineralisation. 5 rock chip samples were taken and from these two rock chip samples returned a significant geochemical anomaly with elevated U (75ppm (5 x background)), Ni (908ppm), Zn (2,000ppm), Pb (1,730ppm), P (4,400ppm), Ag (2.35ppm), Cu (470ppm) and Co (1,400ppm). Follow up geochemical sampling at these sites is planned for the next field season. EL 24906 - One drill hole was completed for 60m on EL 24906 at the shear 1 prospect. 43 samples were taken no significant Au assays were returned and no multi elements assays were completed. A reconnaissance visit earlier in the field season was undertaken to Area 2, no samples taken. A tenement scale auger program was completed with 68 holes on 2 lines to test for gold, basemetals and uranium. Results indicate a number of weak Au and U anomalies along strike from significant structures and known anomalies. Best results include: 60ppb Au and 8.9ppm U. Results have not significantly altered TUC's exploration plans for this tenement. EL 25228 - A total of 14 RC holes for 606m were drilled at the Brumby prospect, a minerlised quartz reef system within folded gold prospective sediments, 25km south of Adelaide River town. Extensional drilling on the main reef system was disappointing but exploration holes targeting soil anomalies 500m to the north intersected oxide mineralisation on two separate reefs. Results on the two newly identified reefs are promising as neither of the reefs have been drilled previously and scope remains for improvements in grade and thickness. Field reconnaissance and ground scintillometer work was also undertaken at a number of radiometric anomalies and 7 rockchip samples were taken. No significant results were returned but further investigation is warrented.