mt alfred project update

Retail Star Limited
Level 9, 440 Collins Street, Melbourne VIC 2000
P. +61 3 9607 1322 F. +61 2 9299 2239
www.retail-star.com.au ABN 71 098 238 585
Mt Alfred Project – Lake Barlee uranium assay results
Retail Star announces anomalous uranium assays from a reconnaissance soil sampling program at the Mt
Alfred Project in Western Australia. The program encountered samples assaying up to 294 ppm U3O8.
The Mt Alfred Project is located 250 km north west of Kalgoorlie. In an agreement with Red Rock Resources,
Retail Star Limited has the uranium rights within the project tenement, E29/581. The exploration target is
uranium, hosted in the sediments of Lake Barlee.
A reconnaissance sampling exercise was carried out over Lake Barlee, within the tenement, in late
November 2007. Assay results have just been returned for samples taken during that period. The aims of the
exercise were to:
1) Undertake confirmatory sampling of the lake sediments and surrounds in the area where Uranerz
(Australia) Pty Ltd had encountered anomalous uranium values during shallow auger drilling in 1976.
2) Undertake shallow profile sampling through the lake’s crust to assess the change in radiometric
response with depth.
3) Assess the ease at which samples could be collected from underneath the surface crust, to guide
subsequent sampling programs.
4) Collect soil samples to qualify the uranium chemistry.
25 samples of lake sediments were collected from 12 locations on and adjacent to the dry lake bed
(figure 1). The samples were grab samples collected at the lake surface and then at selected depths
after digging by hand-held shovel.
Figure 1: Lake Barlee uranium sample locations
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Samples were prepared and analysed by Genalysis Laboratory Services Pty Ltd in Maddington, WA.
Pressed powders were prepared and analysed by X-Ray Fluorescence using Sequential XRF - 'Axios'.
Assay results for each profile are shown in Table 1. The samples assaying greater than 100pm U3O8 are
highlighted in figure 1.
Table 1: Assay results
Sample U3O8 Sample depth
Coordinates (ppm) (cm)
S E PP/XRF
LB001 28o 55.677S 119o 57.090E 9 0
LB001A 28o 55.677S 119o 57.090E 15 30
LB002 28o 55.641S 119o 57.353E 17 0
LB002A 28o 55.641S 119o 57.353E 20 50
LB003 28o 55.600S 119o 57.317E 11 0
LB003A 28o 55.600S 119o 57.317E 20 70
LB004 28o 55.682S 119o 57.071E 13 0
LB004A 28o 55.682S 119o 57.071E 20 50
LB005 28o 55.543S 119o 57.415E 15 0
LB005A 28o 55.543S 119o 57.415E 28 50
LB006 28o 55.498S 119o 57.486E X 0
LB006A 28o 55.498S 119o 57.486E 32 75
LB007 28o 55.521S 119o 57.504E 6 0
LB007A 28o 55.521S 119o 57.504E 52 70
LB007B 28o 55.521S 119o 57.504E 126 40
LB008 28o 55.558S 119o 57.603E 7 0
LB008A 28o 55.558S 119o 57.603E 33 75
LB009 28o 55.549S 119o 57.605E 26 0
LB009A 28o 55.549S 119o 57.605E 244 50
LB010 28o 55.562S 119o 57.606E 15 0
LB010A 28o 55.562S 119o 57.606E 294 60
LB011 28o 55.618S 119o 57.647E X 0
LB011A 28o 55.618S 119o 57.647E 40 25
LB012 28o 55.596S 119o 57.660E X 0
LB012A 28o 55.596S 119o 57.660E 263 50
“X” = not detected. Analytical detection limit was 5ppm.
The results have confirmed that anomalous uranium exists within the Lake Barlee sediments at very shallow
depths. Whilst there was no systematic increase in radiometric response with depth, where elevated values
occurred subsurface, values were low at the surface. There was evidence of uranium disequilibrium, which
will be factored into interpretation of future radiometric surveys.
A more comprehensive sampling program is being planned.
The information in this report that relates to Exploration Results is based on information compiled by Mr Ian
Scott, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Scott is a full-time
employee of the company and has sufficient experience which is relevant to the style of mineralisation and
type of deposit under consideration and to the activity which he is undertaking, to qualify as a Competent
Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves’. Mr Scott consents to the inclusion in the report of the matters based on his
information in the form and context in which it appears.