CUY 0.00% 14.5¢ curnamona energy limited

exploration update

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    Curnamona Energy Limited
    63 Conyngham Street
    Glenside 5065 South Australia
    phone 61 8 8338 9292
    fax 61 8 8338 9293
    email [email protected]
    ACN 112 712 115
    The Manager
    Companies Announcements Office
    Australian Stock Exchange Ltd
    10th Floor, 20 Bond Street
    SYDNEY NSW 2000 11 August 2005
    Dear Sir / Madam,
    Curnamona Energy Limited is pleased to announce that it will shortly commence a
    helicopter borne HoistEM (TM) survey on its Curnamona Craton tenements. The
    survey is being flown by WorleyParsons GPX Pty Ltd, a Subiaco WA based
    geophysical company that specializes in airborne electromagnetic techniques (see Based on previous experience, it is anticipated that
    the electromagnetic survey will respond to salty water in buried palaeochannels and
    therefore pinpoint targets for follow up drilling. The survey is being conducted over
    the central section of the Yarramba palaeovalley, which is believed to hold the
    highest promise for a new uranium discovery. Dr Bob Johnson, Chairman of
    Curnamona Energy commented that “any specific target areas identified will rank as
    first priority drilling targets in our forthcoming drilling programme”.
    In other developments, Curnamona Energy’s General Manager, Mr Mark Randell
    advises that the Company has secured its own 4WD mounted down-hole radiation
    logging unit and has purchased a second-hand mud-drilling rig. Mr Randell explained
    that “ these two pieces of equipment are vital for testing palaeochannel uranium
    mineralisation – the rig to drill holes that are kept open with thick mud and the
    logging unit to quickly test the holes for radioactivity produced by uranium trapped in
    the channel sands.” He said “having our own drilling and logging equipment, which
    must always work in tandem, will be a huge advantage in scheduling exploration
    activities, considering the current shortage of contractors. Given that Curnamona
    Energy plans to drill over 400 exploration holes during the next eighteen months, we
    expect that ownership of the equipment will be an extremely cost-effective option
    giving us the flexibility to test key targets how and when we want”.
    Subject to completion of purchases and timely delivery of all equipment, Curnamona
    Energy expects to commence drilling on its Yarramba palaeovalley uranium targets
    during the current quarter. Aboriginal heritage clearance surveys have already been
    completed for the proposed drilling areas.
    Yours faithfully
    Bob Johnson, Ph.D, FAusIMM, Chairman
    The information in this report has been prepared by Dr Bob Johnson and Mr Mark
    Randell who are members of the Australasian Institute of Mining and Metallurgy and
    Dr Chris Giles who is a member of The Australian Institute of Geoscientists. All are
    adherents to the respective Institutes’ codes and recommended practices and have had
    a minimum of five years experience in the types of activities being reported.
    Enquiries should be directed to Dr Bob Johnson, Chairman, on (08) 8338 9292.
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