Adavale Resources (ASX: ADD) has reported that it has made ‘significant’ progress on an upcoming, low-cost aircore uranium drilling campaign at its Lake Surprise Uranium Project in South Australia.
The campaign, which is scheduled to commence in August, will include 4,500m of drilling across approximately 150 holes, and will focus on shallow anomalies located within a 2km x 2km tenement area that hosts elevated Uranium levels.
In addition, the company notes that this prospective area has been granted the required uranium exploration Work Area Clearance, with a Notice of Entry dispatched, subject for approval by the SA Government.
Speaking on the program, Adavale Resources Executive Director David Riekie said: “Our team has been working diligently and in conjunction with the Dieri traditional owners and their consultants, to secure the required work areas clearances, exploration and government environmental approvals, in advance of drilling which is scheduled to get underway in August 2022.
“The program should take approximately 3 weeks and has been designed to focus on the shallow paleochannel zones prospective for uranium”
The program should take approximately 3 weeks and has been designed to focus on the shallow paleochannel zones prospective for uranium using an air-core drill rig. With our target zones only being at 30 metres depth, the 80m by 180m grid spacing should ensure both a time efficient and cost-effective program.
The progressive gamma readings and portable XRF results will enable our geological team to start interpreting the outcomes and planning of our immediate next steps.
We are looking forward to providing further updates on the achievement of our additional milestones.”
The company also notes that it is finalising exploration and environmental management procedures before drilling commences.
In addition, the selected drilling contractor has announced that they are available for the planned duration of the campaign and also have the capability to complete it in a timely and environmentally sensitive manner.
The 100%-owned Lake Surprise Uranium Project is located approximately 70km east of the township of Maree in South Australia and comprises a combined 396km² footprint across three tenements.
The tenements are prospective for uranium that is hosted within a silcrete-capped paleochannel, which is in proximity to the Flinders Ranges uranium orebodies.
Adavale Resources reports that the results of this drill program will be used to underpin a planned JORC-compliant Mineral Resource Estimate for the project.
Images: Adavale Resources Limited