ASX Announcement late last night on one of the 14 recent uranium...

ASX Announcement late last night on one of the 14 recent uranium applications....

MEDIA RELEASE
12 November 2009
Uranium Exploration Update
Highlights

A new uranium channel identified...

..."In addition, a new and stronger uranium channel anomaly has been identified 550m to the north east"....

Plus confirmation of the original uranium target....

...."has located an extensive uranium channel anomaly where expected around the 946ppm U geochemical anomaly"....

An extract from the report....

"Red Rock Bore Update
E08/1968 - 100% Gondwana
The Red Rock Bore exploration licence application is located on Maroonah station, 320 kilometres
south of the port of Dampier.
The principal feature of Red Rock is an inselberg or exfoliating granite dome that stands 35 metres
above the surrounding sand plain (figure 2).
In August, field investigations including footborne scintillometry and rock chip sampling were carried
out by the Company’s uranium-specialist geologist, Syd Morete. The strongest ground radiometric
anomaly was located on top of the rock.
Four samples were collected and submitted to Genalysis Laboratory Services for assay using a 4-acid
digest and analysis via ICPMS for uranium and certain other elements.
Rock chip sample 09RRRK003 returned 946ppm uranium and 15ppm thorium (U:Th=63), located
at 361153mE-7408776mN (MGA Zone 50). This result suggests the presence of uraninite. No
secondary uranium minerals were observed. Three other rock chips within the radiometric anomaly
returned less than 37ppm uranium.
Figure 2: Red Rock, a granite inselberg, contains surface rock chip assays up to 946ppm Uranium
Detailed Airborne Geophysical Survey
In November 2009, a low level, detailed airborne radiometric survey has been conducted by UTS Aeroquest at 20m height and 20m line spacing using their Fletcher Aircraft. This survey will assist in planning for the work to be carried out immediately the tenement is granted - ground radiometric survey, channel geochemical sampling and a drilling program
The survey was designed to map the area of surface radiometric response and has located an extensive uranium channel anomaly where expected around the 946ppm U geochemical anomaly discovered in August 2009 (figure 3).
In addition, a new and stronger uranium channel anomaly has been identified 550m to the north east (figure 3).

The uranium channel has been processed and ground stripping calibrations have been applied.
Planned follow-up ground work will ascertain whether the rock chip represents a small enriched zone near the surface, or is representative of the fresh rock in the whole of the inselberg shown in the photograph in figure 2.

Gondwana has applied for 1,300 km2 application licences ( 14 in total) in the Gascoyne/Ashburton region of Western Australia. An intensive exploration program is planned for the 2010 season.