Strategic Land Position Secured in Stromberg Heavy Rare Earth (HREE) District
Strategic Land Position Secured in Stromberg Heavy Rare Earth (HREE) District

Perth, Oct 8, 2012 AEST (ABN Newswire) - TUC Resources Limited (googlechartASX:TUC) has signed a binding agreement to acquire ELA28448 from Fisher Resources. This acquisition is important in that it:

- Effectively secures TUC's land holdings over what it considers all the major HREE indicative geophysical anomalies in the district;

- Significantly increases TUC's land holding in the Stromberg HREE District from 2,250km2 to nearly 3,000km2;

- Builds on TUC's recently announced land access breakthrough in the Stromberg HREE District.

The ELA28448 tenement is of interest to TUC geologists due to its large radiometric anomaly (Figure 1, see link below). This anomaly is interpreted to have a similar geological setting to the nearby TUC Stromberg and Scaramanga HREE prospects and may be a repetition of the same HREE mineralised system. Recent drilling at Stromberg and Scaramanga has returned significant near surface HREE intersections including 5m @ 0.43% TREO* (81.9% HREO/TREO) from 6m (See TUC ASX Announcement dated 19 September 2012 for an update on progress at Stromberg and Scaramanga).

The acquisition, from Fisher Resources Pty Ltd, is by way of straight forward Tenement swap for TUC Resources Limited's ELA24976 tenement. ELA 24976 is located in the Tennant Creek area approximately 1000km south of the Stromberg area. The tenement is considered by TUC to be prospective for phosphate and is not considered to be part of TUC's focus moving forward.

View the complete TUC Resources announcement including Figures at the link below:
http://media.abnnewswire.net/media/en/docs/ASX-TUC-607191.pdf


Contact

TUC Resources Limited
Ian Bamborough, Managing Director
T: +61-8-8947-0944
E: ibamborough@tucresources.com.au
WWW: www.tucresources.com.au/



ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 1) (Last 30 Days: 9) (Since Published: 5193)