HIGHLIGHTS
- The initial rock chip results confirm that encouraging uranium values are present in outcrop in association with the surface radiometric anomalies in a particular phase of the Teapot Granite which outcrops over an area of several square kilometres.
- Crossland believes that these characteristics enhance the potential for a large primary uranium deposit within Crossland's tenements over the Teapot Granite at Charley Creek.
- Ground spectrometer survey work will continue over anomalous areas identified from airborne work, in parallel with further prospecting.
- Application will be made to drill-test the outcropping mineralisation.
The Charley Creek outcrop chip samples were collected to follow up radiometric anomalies delineated in Crossland's January, 2008 airborne radiometric survey. The airborne survey results indicated that high uranium radioactivity occurs over extensive areas of the Teapot Granite.
The follow- up chip sample results are summarized in the following table:
------------------------------- Sample Uranium Sample Uranium ID (ppm)* ID (ppm)* ------------------------------- 315651 120 315670 273 315652 49.9 315671 191 315653 46.6 315672 438 315654 316 315673 640 315655 520 315674 350 315656 13.9 315675 274 315657 310 315676 450 315658 161 315677 83.7 315659 560 315678 258 315660 820 315679 174.5 315661 123 315680 580 315662 680 315681 1660 315663 500 315682 21.9 315664 720 315683 79.9 315665 90.8 315684 165.5 315666 196 315685 2530 315667 139.5 315686 2210 315668 710 315687 680 315669 388 ------------------------------* 1ppm is 1 gram per tonne, and one pound is 453.6 grams. The conversion factor from uranium to U3O8 is 1.179.
The rock chip results reported represent all samples collected to date in the follow-up. These confirm that quite encouraging uranium values are present in outcrop in association with the surface radiometric anomalies. The prospecting work indicates that the elevated uranium values are associated with a particular phase of the Teapot Granite. In outcrop, this phase contains widespread visible secondary uranium mineral films on fracture surfaces. There is the possibility that the values reported above are enhanced by surface enrichment, and it will be possible to evaluate this when drilling is undertaken. The association of elevated uranium values with a particular granite phase which outcrops over an area of several square kilometres within Crossland's exploration titles also raises potential for the existence of a large deposit. The ground spectrometer survey will continue over anomalous areas identified from airborne work, in parallel with further prospecting. Application will be made to drill-test the outcropping mineralisation. Subject to completion of necessary permitting procedures, this work may be possible in early 2009, during the wet season in the north of Australia. The area has been designated the Cockroach Dam prospect, after a nearby watering point on the pastoral property that hosts the anomalies. The location of samples is indicated on the accompanying illustration.
In addition to the aforementioned chip samples, the results of multi-element analysis for 1185 samples collected from the May 2008 air core drilling into the shallow sedimentary basin, also at Charley Creek, have now been received. These are being reviewed and compiled along with down hole lithology and radiometrics, and results will be used to delineate targets for the next phase of air core drilling.
Results from the Kalabity auger drilling program, completed in March 2008, were received on August 14, and evaluation of these has begun.
The current focus of field work is on the joint venture's Chilling Project in the Northern Territory.
About Crossland Strategic Metals Ltd
Contact
Geoffrey EupeneCEO
TEL: +61-8-898-15911
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Crossland Strategic Metals Ltd
