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June 30, 2007
Exploration early in the quarter undertook reconnaissance over selected areas of EL24639 which focussed on locating airborne radiometric anomalies within the south-eastern portion of the tenement. Reconnaissance of the area revealed that the prospective lithologies occur dominantly beneath the black soil alluvial plains of the Finniss River. Anomalous spectrometer readings of up to 1450cps were returned from this initial reconnaissance. Further sampling of this horizon and underlying bedrock is planned to determine potential for economic uranium.
March 31, 2007
Reported that data compilation and literature review was initiated for the uranium, gold and base-metal potential of the unexplored south east portion of the Finniss Range Project ahead of reconnaissance mapping and ground based radioactivity testing due to commence this week. The Mt Fitch copper-uranium resource (18 Mt @ 0.79 lb/t U3O8) held by Compass Resources is located 1 km to the east of the project area.
October 31, 2006
The company completed RAB drilling exploration work. A total of 1480 RAB holes were drilled for 4,350m, and 667 soil samples were collected on a 400m x 100m grid. The program conducted drilling, chipping, and geochemical exploration in the Leviathan block, Sues block, Archer prospect, Saffamus block, and A2 prospect.