Territory Uranium Company Limited announced that it has been awarded a grant of A$100,000 through the Northern Territory Government’s ‘bringing
forward discovery’ initiative and ‘Drilling Collaborations’ program. Funding will be used to support planned drilling programs at its Calvert Base metal
project in the Northern Territory's Gulf of Carpentaria.
Announced the geochemical results returned from a first pass stream sediment sampling over the property. Stream sediment samples show anomalous metal values (Au, Cu, Ni, Co) associated with a number of discreet, circular alteration features in an area known to be prospective for breccia pipe hosted copper mineralisation
November 6, 2008
Reported the results from follow up soil auger geochemistry program undertaken over recently identified stream sediment anomalies. Auger sample results show elevated metal contents (Ni, Pb Co and Au) associated with a discreet circular geological feature identified in a previous stream sediment geochemistry survey. The area is known to be prospective for breccia pipe hosted mineralisation such as the Redbank copper deposits and the Stanton nickel-copper prospect.
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