Adavale Resources (ASX:ADD) has applied for four new uranium exploration licences in South Australia, potentially expanding its foothold in the region by 2,446km2.
The applications were made after an extensive review of the region, focusing on known palaeochannel systems associated with the Hiltaba Suite granites. The Hiltaba Suite granites have been interpreted to be the source of the Yarranna deposit, owned by ISOenergy (TSX-V:ISO), which sits within the Narlaby palaeochannel sequence.
Two of the applications, covering 189km2 and 260km2, comprise the Narlaby Project. Adavale believes there is potential for economic mineralisation to be discovered within the application areas.
Adavale says historical drilling is limited and there is potential for further redox fronts where uranium deposition may have occurred.
The remaining two applications, covering 1,997km2, comprise the Tolmer Project, which lies 90km south of Tarcoola and 95km northeast of Ceduna.
Adavale is targeting sandstone hosted uranium mineralisation in the Tolmer palaeochannel that may be associated with basement intersecting faults and buried uranium enriched granites of the underlying Hiltaba Suite.
Executive Director David Riekie says the company sees these applications as a timely and strategic expansion.
“Historical drilling primarily focused on shallow mineral sands potential, which as a consequence, identified a number of regional palaeochannels,” he says.
“A detailed review of this information available from the South Australian Government’s Resource Information Gateway was undertaken by our expanded geological team and their strong recommendations to apply for those areas that were both prospective and available.
“We anticipate the Ceduna region of the Eyre Peninsula will become an important addition to our expanding exploration plans and a focus after the upcoming drilling programs at the Marree Embayment and MacDonnell Creek.”
Adavale is now putting together exploration programs in anticipation of the licenses being granted.
Write to Aaliyah Rogan at Mining.com.au
Images: Adavale Resources
