Annual report for MCN 4902, MCN 4903, MCN 4904, MCN 4905, MCN 4907, MCN 5193, MCN 5194, MCN 5195, MCN 5196, MCN 5197, MCN 5198, MCN 5199 and MCN 5200 Priscilla Line for the year ending 7 August 2010

Abstract

Thundelarra Exploration has recently commenced uranium exploration on the Priscilla Line MCN's as the structural and lithological setting appears very similar to that hosting vein style uranium mineralisation at Thunderball prospect to the South of the MCN's. Uranium exploration during this period had been restricted to an airborne radiometric-magnetic survey, minor geological traversing and regional mapping. Alluvial gold mining is taking place on the MCN's under an agreement between the tenement holder Mr Biddlecombe and Mr Dale Page. A substantial amount of bulk sampling of alluvium was carried out as part of this mining operation. Mr Biddlecombe also runs his own separate small scale alluvial plant to bulk sample alluvial material.