Proactiveinvestors recommends

Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	TUC
Latest Price:	0.16 (-5.88% )
52-week High:	0.47
52-week Low:	0.13
Market Cap:	19.90M

1 year chart

1 day chart

TUC Resources

TUC Resources (ASX: TUC) is a resource development company whose focus is the commercialisation of mineral assets. The Company currently holds 16,000km² of ground across the Northern Territory of Australia.

Uranium miner Territory Resources kicks off RC drilling at Pine Creek

Friday, October 16, 2009

Territory Resources (ASX: TTY) has stepped up the company’s mining activities after commencing a RC drilling programme at its Pine Creek prospect in the Northern Territory.

The Perth-based company, which has planned about 1,100m of RC drilling in 15 holes, will test four targets over a +2km strike length where previously reported rock chip and soil samples have returned significant uranium results.

These include a best rock chip result of 1.5 kg/t (1500ppm) U3O8 and three discrete zones with soil results of up to 0.3 kg/t (300ppm) U3O8.

Shares in the company were up at the close of yesterday's trade, increasing 1.5c, or 8.8 per cent, to 18.5c.

Territory, which has iron ore assets in the Northern Territory, is aiming to develop into a diversified carbon steel supply business.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.