Shoobridge Print E-mail

The Shoobridge Project is located approximately 160km south southeast of Darwin; approximately 19km west northwest of Hayes Creek.

Eight granted tenements covering approximately 345 sq km have potential for uranium, tantalum, gold, iron and base metal mineralization.

This project was purchased from private interests in April 2006. Previous operators eg. Dominion Mining, Carpentaria/MIM, Julia have predominantly explored for gold and tantalum in the project area.

Literature review has identified a number of significant uranium targets at the Liberator prospect. Sampling of costeans returned values up to 19m @ 0.12% U3O8 and 9m @ 0.18% U3O8 and correlate to regional airborne radiometric anomalies.

Unconformity and vein type uranium mineralization is considered a prospective target in this region, with small vein-type mines located at Adelaide River, George Creek and Fleur de Lys.

At Liberator, high grade uranium mineralisation was intersected in 07LIBRC006, intersecting 3m@ 6.05% U3O8 from 40m.

Petrographic investigation revealed that the drill intercept contains major developments of uraninite, often as semi massive associations.

Drillhole 07LIBRC001, located approximately 300m to the north, intersected two meters of mineralisation (bright green tobernite), returning 6m@ 1.34% U3O8 from 19m including 1m @ 4.99% U3O8 from 21m.

Close-spaced gravity, nanoTEM and IP surveys are currently underway to interpret mineralised structures and develop exploration models for proposed drilling.

Geochemical sampling has also defined anomalous copper mineralisation at the Two Nick prospect, as well as Pb mineralisation at the Whatleys and Plateau Point prospects.  Inital drill testing of these anomalies is proposed for the 2008 season.