Red River Resources Limited

Bungalow Well

The Bungalow Well project lies along part of a major but subsidiary palaeo drainage channel that commences in the Youanmi district. Trending eastwards it describes an arcuate shape until it has its confluence with the Lake Raeside drainage system 40km to the west of Leonora, a distance of some 225 km. This system is known as the Noondie – Raeside channel.

The project area contains about 25 km of this drainage system and attains a width up to 3 km. Uranium mineralisation has previously been identified on the project area. Le Nickel Prospecting Pty Ltd explored the area in 1972 but concentrated its search in the areas of peak surface radiometric response and drilled only a limited number of holes. It concluded that only sub economic mineralisation was present and the exploration program ceased.

Exploration Programme

Bungalow Well is currently under application. Once granted a geomorphologic study is required to determine the centre and therefore the more prospective area of the channel. Reconnaissance drilling will be done on a line spacing of 2km and a hole spacing of 200 metres across the channel. This will give a detailed understanding of the distribution of the calcrete and the surrounding carbonated clays plus the related uranium mineralisation.

Follow up drilling will be infill drilling on the reconnaissance grid. Holes where necessary will be drilled on a 1km line spacing and across the channel to 100 metres. Additional drilling, if required, will be pattern drilling of the mineralisation located.