Quarterly Activities Report
Quarterly Activities Report

Sydney, Oct 30, 2012 AEST (ABN Newswire) - TUC Resources Ltd (googlechartASX:TUC) provides its Exploration Activities Report for the quarter ending 30 September 2012 with the following highlights for the quarter:

Drilling Results - Stromberg Heavy Rare Earth (HREE) Prospect

- Recent significant intersections returned at Stromberg include:
- STRC64 - 5m @ 0.43% TREO (81.9% HREO/TREO) from 6m including 1m @ 0.92% TREO from 8m;
- STRC58 - 3m @ 0.52% TREO (88.6% HREO/TREO) from 7m;
- STRC68 - 2m @ 0.43% TREO (95.6% HREO/TREO) from 14m.
- Xenotime hosted mineralisation remains open in both cross section and strike.
- The distribution of valuable and high demand heavy rare earths in recent intersections is an excellent 8% Dysprosium/TREO, 65% Yttrium/TREO and 5% Erbium/TREO.

Scaramanga HREE Drill Discovery

- First pass broad spaced drilling at the Scaramanga HREE Prospect has successfully defined mineralisation in the same geological setting as Stromberg. Significant intersections include:
- SCRC07 - 2m @ 0.12% TREO (81.2% HREO/TREO) from 10m;
- SCRC02 - 5m @ 0.1% TREO (70% HREO/TREO) from 10m.
- Two distinct HREE mineralised horizons have been noted.
- Notably, these results have confirmed significant exploration upside exists within a short distance of Stromberg, as well as highlighting the broader district potential (prospects such as the nearby Knightfall).
- Infill drilling is planned at Scaramanga to target higher grade mineralisation.

Land Access Breakthrough


- Verbal consent has been given by Traditional Aboriginal Land Owners for exploration to begin on the highly HREE prospective ELA27151 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 ~1,000km2 of highly HREE prospective land and a number of very large and high priority geophysical and HREE geochemical targets.

Diamond Drilling in Progress - Stromberg HREE Prospect

- A diamond drilling program is in progress for metallurgical and exploration purposes at Stromberg. Results are expected in the next quarter.

To View the full Quarterly Activities report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TUC-611070.pdf

Contact

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



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