Adavale Resources (ASX: ADD) has encountered ‘encouraging’ gamma readings from exploration work at its Lake Surprise Uranium Project in South Australia.
The company’s uranium geologist Pat Harvey and team have commenced work on testing a large gamma anomaly, which is coincident with a previously-announced helium anomaly: “I have rarely seen readings such as these taken at Adavale’s Lake Surprise Project recently. Initial radiometric readings to date are extremely encouraging, however the data still needs further analysis and full results will be published in the coming weeks. The outcrop gamma readings and anomalies from the existing geophysical data broadly coincide with the helium highs announced previously, providing outstanding targets for this phase of exploration.”
“Initial radiometric readings to date are extremely encouraging, however the data still needs further analysis”
The team are testing the anomaly via ground-based radiometric survey, including targeted outcrop sampling, with an aim of better delineating the anomaly and generating data for future exploration work.
Adavale’s three Lake Surprise uranium tenements, which have been held since 2006, were originally selected following outcrop sampling regional radiometric anomalies. The company notes that many of these remain untested.
The tenements cover a 400km² area within the ‘highly uraniferous’ Lake Frome embayment, approximately 60km from known uranium orebodies on the eastern side of the Flinders Ranges. These include Beverley, Honeymoon, Goulds Dam and Yarramba, and the Mt Gee project.