Tenth Annual Report for EL 22440 period ending 26 February 2014 McCarthy's Hill Project

Abstract

TRL's exploration activities within the reporting period over EL 22440 include: Reconnaissance trips by TRL staff to assess the area; 37 Reverse Circulation (RC) drill holes specifically targeting the hematite-goethite iron ore mineralisation, for 2,992 metres; A significant ground gravity geophysical survey programme was undertaken at the McCarthy Hill Project. A total of 863 gravity stations took place within EL 22440 on 100 metre spaced lines at a station spacing of 25 metres. Based on this year's drill program, Territory Resources plans to undertake a supplementary RC drilling program in the next reporting period that will complete infill and extension resource definition drilling over the area drilled in 2010.