Land Access Update
Perth, Sep 25, 2012 AEST (ABN Newswire) - The Board of TUC Resources Limited is pleased to announce:
- Verbal consent has been given by Traditional Aboriginal Land Owners for exploration to begin on the highly HREE prospective ELA25171 Skyfall tenement adjacent to Stromberg and Scaramanga HREE prospects;
- Verbal consent has also been given for exploration to begin on Stromberg HREE District tenements ELA29240 and ELA29241.
- These breakthroughs will allow access to a further ~1000km2 of highly HREE prospective land and a number of very large and high priority geophysical and HREE geochemical targets.
Land Access
On the 20th of September 2012, Traditional Aboriginal Land Owners removed a Moratorium on Exploration on ELA25171 (Figure 1) and gave Verbal Consent for exploration to begin as soon as possible.
The ELA27151 tenement is known for the two very large radiometric anomalies (each ~8km long and ~1km wide) that highlight the Skyfall and Largo prospects (Figure 1). Both prospects have very similar geology to the nearby Stromberg and Scaramanga HREE prospects and are interpreted by TUC geologists to be much bigger repetitions of the same HREE mineralised system.
In addition, Verbal Consent has also been given for exploration to begin on Stromberg HREE District tenements ELA29240 and ELA29241 (Figure 1). ELA 29240 hosts the Knightfall South anomaly. TUC has recently started geochemical survey work on Knightfall which sits on granted tenement EL28970 (Figure 1).
All tenements will now be processed to 'Granted Tenement' status with the Northern Territory Government and Northern Land Council. In the near term, TUC proposes to utilise options open to it under the Aboriginal Lands Right Act to undertake early stage reconnaissance exploration (hand held XRF analysis). This work is scheduled to take place under the guidance of the Traditional Owners. It is planned that full access to the tenements can be finalised by mid - 2013.
Work Continues in the District-Stromberg HREE Diamond Drilling
A diamond drill program is planned to commence at Stromberg (Figure 1) in late September for metallurgical purposes. This work follows up on three phases of successful RC drilling where a best intersection of 7m @ 1% TREO (96%HREE/TREO) from surface has been obtained.
To view the complete TUC Resources announcement including Figures, please click the link below:
http://media.abnnewswire.net/media/en/docs/ASX-TUC-605237.pdf
Contact
TUC Resources Limited
Ian Bamborough, Managing Director
T: +61-8-9325-7946
E: ibamborough@tucresources.com.au
WWW: www.tucresources.com.au/
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