yes i'm back with a bit of history withregards to our tenements in N.T?
I got this out of the annual report-01/10/2007
Hardly any work has been done on these tenements? See below:
Aurium Resources Limited ABN 63 123 821 929 and Controlled Entity ASX: AGU Page 17 of 54 DIRECTORS� REPORT
Northern Territory Yulara West Tenements Yulara West Uranium Project Northern Territory Tenements The tenements are located In the Tanami Region of the south western portion of the Northern Territory. Two tenements (ELA25944 and ELA25945) are accessible via the Alice Springs to Yulara road and then westwards along minor tracks towards the border with WA. The remaining tenement (ELA 25946) can be accessed from the Alice Springs to Yuendumu road (Tanami Road) with a turnoff at Vaughan Springs road and then via station tracks and fenceline tracks. Uranium Exploration History Since the late 1960s the Yulara district has been the focus of several regional exploration campaigns by large companies, mainly looking for gold and base metals. The multinationals such as CRA Exploration, Broken Hill Propriety Ltd and Western Mining Exploration Division have covered large areas of land using stream sediment or soil LAG sampling methods. At the same time regional airborne magnetometer and radiometric surveys were completed. Many of the these geophysical surveys, until the late 1980s did not produce high definition results due to the very wide spacing of lines, the contour algorithms and the limited sensitivity of the instrumentation at the time. However, enough work was completed to highlight areas of uranium exploration significance in the Ngalia Basin and Aileron Basin areas. Uranium radiometric coverage was generally poor to the west of Yulara and the larger companies concentrated on the region north and west of Alice Springs where the known deposits were being explored. Uranium Exploration Potential The conceptual targets have not been tested. Some of the interpreted structural features from Landsat images are coincident with linears interpreted from aeromagnetics and geological contacts. The potential uranium target areas on the Yulara West tenements are described below: Geological contacts of the Amadeus Basin rocks with the Musgrave Block and Arunta Block complexes Internal thrust faults and major unconformities within the Palaeo and Meso-Proterozoic basement complexes. (The Tectonic Detachment Zone through tenement ELA25944 is an example of this.) Tertiary and Quaternary alluvial beds, floodplain deposits and palaeochannels It is considered that the geological setting of the Yulara West tenements for uranium is excellent and the exploration potential therefore is high.
Aurium Resources Limited ABN 63 123 821 929 and Controlled Entity ASX: AGU Page 18 of 54 DIRECTORS REPORT Exploration History Mineralisation No historic records have been found about mineralization on the Yulara West tenements. The nearest mineral occurrence is at Bloods Range, just north of tenement ELA25944 where limited drilling and rock chip sampling identified copper, titanium and tungsten mineralization. The results are summarized below: Prospect Sample Result Bloods Range West Rock Chips 11.9% Cu, 1.6% Ti Bloods Range East RAB drilling 26% Cu, 340ppm W Gold and Base Metal Exploration Potential Gold mineralization in the Arunta Region, Aileron Province Palaeo-Proterozoic rocks is well documented for the Tanami Block, as located at the Tanami Gold Mine, The Granites Gold Mine and several others such as Dead Bullock Soak and Callie deposits. In the Aileron Province the nearest gold occurrence is at Terrys Pit where gold is found associated with arsenopyrite. Base metal occurrences in the Palaeo-Proterozoic rocks are scattered throughout the region and include copper (Central Mt Wedge, Buger Creek and Mt Larrie), tungsten and copper (Wilsons Find). The Meso-Proterozoic Musgrave Block of the Yulara West Project has no recorded mineral occurrences. Neo-Proterozoic Amadeus Basin rocks are known for several deposits of gypsum (e.g. Johnstone Hill), usually in playa lake beds. There are also NTGS records of manganese (Wangatinya and 2 others unnamed) and galena (in a borehole within black shales) in the Amadeus Basin. The potential target environments for gold and base metal mineralisation the Yulara West tenements are described below: Geological contacts of the Amadeus Basin rocks and the Musgrave Block gneiss terrane Thrust faults and major unconformities within the basement complex rocks Major fault zones Areas of quartz veining and dyke swarms through the granite and gneiss terrane
Aurium Resources
These are the tenements we hold and JV with PDY, see below:
AGU-uranium tenements?
Yulara West - Northern Territory ELA 25944. Aurium 100%. All minerals. ELA 25945. Aurium 100% All minerals. ELA 25946 Aurium 100%. All minerals Peak Hill North Uranium Project - Western Australia EL52/1481 GPGJV* EL52/1518 GPGJV* EL52/1557 GPGJV* ELA52/2087 100% Fortnum North Uranium Project - Western Australia EL52/1860 GPGJV* EL52/1861 GPGJV* EL52/1857 GPGJV* Randall Uranium Project ELA52/2086 100%
ps( anything is possible - drill those tenements)
Please DYOR
AGU Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held