Core sampling report on historic core from FEND8 and FEND10

Abstract

In August 2010, Territory Uranium Company sampled historic core FEND10 and FEND8, with the purpose to explore for uranium mineralisation in the area around the holes. None of the historic core had previously been sampled for uranium. The core was initially scanned with a handheld spectrometer device and zones of interest were chosen for sampling. Samples were cut onsite, and submitted to Amdel in Adelaide for analysis. Seven separate zones of mineralisation were detected including best intersections of: FEND10, 0.5m @ 4,244ppm U308 from 497.5m; FEND10, 0.7m @ 829ppm U3O8 from 405.7m; FEND10, 1.2m @ 600ppm U3O8 from 279.1m; and FEND8, 0.3m @ 259ppm U3O8 from 792.5m.