Adavale Resources (ASX:ADD) has identified new targets for uranium deposition following a maiden multi-technique exploration program at its Marree Embayment Project in South Australia.
The new targets uncovered will be a priority for drilling, which is being planned alongside associated heritage clearance surveys.
Executive Director David Riekie says the most exciting part is that collectively, this data has identified basement structure at depth that appears to be a large trap site for the ancient uraniferous groundwaters washing and shedding from the adjacent Flinders Ranges.
“This area of the Marree Embayment will be a priority uranium exploration focus,” he says.
“Most pleasing is this basement structure does not appear to have been previously recognised or drilled.”
A gravity survey was undertaken as part of a maiden exploration program, with the results showing a consistent rising gravity trend towards the northeast along all surveyed lines, suggesting thickening sediment cover in the southwest and thinning towards the northeast.
Meanwhile, soil samples and surface spectrometer readings were collected and defined numerous surface anomalies.
The company says the anomalies present targets for follow-up work programs, since they are “significantly elevated” compared to the surrounding samples in the data.
Importantly, Adavale adds the targets coincide with the interpreted gravity anomalies related to the paleochannels described above. Work on this concept is ongoing.
The company will continue development work on the targets and additional areas of interest based on current, historic work, and recently acquired datasets.
Riekie says the anomalies and prospective paleochannels will be further tested and are anticipated to generate high priority targets, as part of the next exploration program.
“These outcomes vindicate our expanded regional exploration focus in the uranium friendly jurisdiction of South Australia and we look forward to reporting on follow-up exploration programs, including drilling activities that are now being prepared.”
Adavale Resources controls a uranium tenement portfolio that covers 2,657km2 and sits 550km north of Adelaide.
Write to Aaliyah Rogan at Mining.com.au
Images: Adavale Resources
