Nova Cannabis Inc Com V.ALZ.RT

Turee Creek

[westaussie]

Here is a report from ALZ web page on Turee Creek. There is reports that this project has interest from some other big players. Report. TUREE CREEK URANIUM PROJECT [PILBARA REGION, WESTERN AUSTRALIA] The Company applied for Exploration License E52/1763 on May 14, 2004, a tenement that covers approximately 50 square kilometers of prospective terrain located about 110km west of the Newman township in the Pilbarra Region of Western Australia (the “Turee Creek Uranium Project”). A limited drill program carried out between 1972-1982 outlined a near surface inferred resource of 1.05 million tonnes averaging 0.035% U3O8. This inferred resource does not meet current JORC criteria. A detailed exploration program will begin in March 2005 to extend the low grade mineralization zone along strike and test the theory that it represents leakage from a much higher grade, large tonnage source a depth. The area has also the potential to host gold and base metal deposits similar to WMC Resources’ huge Olympic Dam type model. Aldershot’s director and VP Exploration, Brian Richardson, a Qualified Person, states, “The Turee Creek Uranium Project secures a uranium occurrence within the Lower Proterozoic Ashburton basin, Western Australia. The tenement straddles the faulted boundary between the Ashburton and Hamersley Basins. The southwestern tenement sector has extensive colluvial cover which obscures bedrock. “Past exploration has focused over the interbasinal boundary zone for a variety of target commodities including base metals, uranium and gold, the latter in vein and iron oxide copper-gold-uranium styles of mineralization. “A best drill result of 17m at 0.57kilograms U3O8 per tonne was recorded”.