Terra Uranium Limited announced Exploration Update. Ambient Noise Tomography (ANT) geophysical nodes were placed and retrieved from the field in September and a seismic velocity model to be completed by industry leading Fleet Space Technologies in the next quarter. The ANT method measures different types of rock physical properties which may greatly enhance integrated earth models.

Historical 2006 VTEM, gravity and magnetic airborne geophysics from the Pasfield and Parker Projects were recovered and reprocessed by Consultant Geophysicist Mr. Kyle Patterson. A 3D Inversion of the historical data was undertaken by Computational Geosciences. Preliminary results indicated that the tenor of anomalies has been confirmed.

This aided in the targeting of the new ZTEM and VTEM surveys being acquired by Geotech Limited, as well as securing additional prospective mineral claims. These are still underway. The target for the Airborne Geophysics is to identify Structure (fluid pathways) in both the basement and into the overlying sandstones, Magnetic low (demagnetised zone) in the basement due to alteration and EM conductors (Mineralisation and Alteration in both basement and sandstone, and graphitic hosts in basement). The strong historical MEGATEM conductor in the northern end of the Parker Project has been confirmed and better defined with the preliminary ZTEM survey results.

This is coincident with both a magnetics low and gravity high from previous regional surveys. Further processing will be required to fully evaluate these results. The conductors seen in the historical VTEM data have been confirmed and better defined with the preliminary ZTEM survey results.

These are coincident with magnetics lows from previous regional surveys. Further p ocessing will be required to fully valuate these results. This survey is now being extended to cover the newly acquired block extensions to the Pasfield Lake project.

The main conductors will also be flown with VTEM to provide better target definition. The strong historical VTEM conductors in the western and eastern sides of the Pasfield Project have been modelled internally and compared to the expected response from a synthetic exploration model based on the McArthur River deposit. This model has two profiles, a Base Case (host units and alteration) and includes the forward modelled McArthur River uranium mine.

Historical sample sites were visited, and 11 samples collected. Historical levels or uranium were confirmed but the results are still to be fully analysed. Uranium is a very mobile element so care must be taken with raw assays when using as an indicator of primary mineralization.

Analysis of Lead isotopes is being used by consultant Geochemist Dr. Tom Koetzer to aid in this evaluation. Preliminary results for all samples collected, as shown below, would suggest that the sample of boulder float from Parker is associated directly with hydrothermal alteration. This surficial boulder sample containing 5.59 ppm uranium in historical data is of interest due to its angularity (interpreted short transport distance), an anomalous uranium value of 2.83 partial and 10.9 ppm total digestion and lead isotope ratios indicating hydrothermal origin for the uranium.