Territory Uranium
Uranium miner Territory Resources kicks off RC drilling at Pine Creek
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.
Other Territory Uranium news
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16/12/09 Territory Uranium shares up as exciting results from Energy Prospect unveiled
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24/11/09 Territory Uranium unveils significant drill results at Energy Prospect
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23/09/09 Territory Uranium SPP closes oversubscribed
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14/05/09 Territory Uranium Company grants Rio Tinto option over prospective bauxite tenement, NT
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