DALY
The Daly River Uranium Project (EL's 25222, 25223 and 25229) is currently the focus of much of the Companies activities and is yielding success.
The area is prospective for Alligator River Uranium Field (ARUF) unconformity uranium mineralisation. A number of common geological themes including similar host rocks, geological unconformity, common fault trends and proximity to Achaean granites extend into the Companies Daly River tenements from the World Class ARUF uranium province where uranium mines such as Ranger and Narbarlek are located.
Potential for vein style uranium mineralisation and sandstone style uranium mineralisation has also been identified within the tenement package. An association of uranium with gold is noted in the region.
TUC is exploring in areas of little or no previous uranium exploration under areas of thinner cover sequence, where it is thought that major unconformity related deposits could remain hidden.
The Company has identified multiple prospects in proximity to the uranium prospective unconformity line and in association with major faults (plumbing for uranium mineralisation).
More advanced TUC uranium prospects in the Daly River project include:
- Energy
- Green
Energy Prospect
Continuous, flat lying, uranium mineralisation up to 10m wide has been intersected from surface in recent RC drilling at Territory Uranium’s (TUC) Energy Prospect in the Daly River Project, Northern Territory. Drilling has intersected sandstone hosted uranium mineralisation over a 2.5km trend of radiometric and geochemical uranium anomaly discovered by TUC in 2008.
Significant results include:• 2m @ 506ppm U3O8 from 1m;• 3m @ 461ppm U3O8 from 5m;• Both in an envelope of 7m @ 394ppm U3O8 from 1m in hole TURC64;• 3m@ 405ppm U3O8 from surface in hole TURC71;• 2m @ 445ppm U3O8 from 5m;• in an envelope of 10m @ 313ppm U3O8 from 1m in TURC70; and• 1m @ 383ppm U3O8 from 3m in hole TURC65.
Initial indications of grades are comparable to those of other significant shallow deposits in the Northern Territory such as Napperby Well.
The Energy Prospect is the first uranium occurrence discovered in the younger mid Proterozoic rock sequences on Territory's ground and is unusual in the region. This has significant implications for TUC's ongoing exploration. The diagram shows the location of the Energy Prospect on a uranium channel radiometric image of TUC's granted and application tenement holdings in the Daly River Region. A number of significantly larger radiometric anomalies remain to be tested, particularly in TUC’s application tenement ELA27151.
Green Prospect
A shallow auger drill program has highlighted a significant uranium gold anomaly in association with an electromagnetically defined structure at the ‘Green’ Uranium Prospect in the Daly River Region. Results of up to 39ppm uranium and 5ppb gold (5 times background) from the 291 hole program are considered significant given the covered terrain in the area and the 8km long spread of anomalism. Uranium and gold have a known association in the Northern Territory and the presence of both together in the recent results is considered a positive indication in the exploration process.
Uranium and Gold results over Territory Uranium’s Green Prospect in the Daly River
Geophysical targeting information including electromagnetic evidence of the uranium prospective unconformity at economic depths, historic drill intersections of gold in the cover sequence and nearby geothermal hot spring, are a good indication that uranium mineralisation may lie at depth beneath the cover sequence and geochemical anomaly at this prospect. Previous rock chip samples of up to 157ppm uranium have also been recorded at the prospect.
TUC has been awarded a grant of $100,000 from the Northern Territory Governments Drilling Collaborations program (see TUC ASX Announcement dated 11.06.2009) to help fund a planned diamond drill program of approximately 1000m. This program will be undertaken after return and assessment of geochemical sampling results.