Alligator Energy (ASX:AGE) has launched a detailed high-resolution airborne magnetic and radiometric survey as it pursues uranium mineralisation at the Nabarlek North Project in the Northern Territory.
The survey, which will take two weeks to complete, will be flown by privately held Thomson Airborne and span the entire 600km2 project area.
Alligator, which has a market capitalisation of $201.17 million, says the survey will build on historically conducted geophysics over the area and support the mapping of radiometric anomalies, structural complexities, and basement geology.
The focus lies in finding mineralisation traps within lower units of the Cahill Formation, one of the key hosts of the majority of structurally-controlled uranium mineralisation in the region.
Acting CEO Andrea Marsland-Smith says through recent drilling, the company has shown that the uraniu- fertile Cahill Formation is present throughout the project area.
“This contrast from a few years ago where understanding of bedrock geology was camouflaged by a few metres of cover,” she says.
“Taking lessons learnt, this survey is now key for deployment of targeted uranium exploration particularly in the lesser explored northern area and will potentially uncover a new pipeline of targets to be incorporated into our 2024 drilling program.”
The survey is co-funded by the Northern Territory’s Department of Industry, Tourism, and Trade, following an application by Alligator under the territory’s Geophysics and Drilling Collaborations Program.
Once completed, anomalies and areas of key geology will undergo ground reconnaissance before being drilled later this field season.
The Nabarlek North Project lies less than 7km north of the historic Nabarlek uranium mine, which produced 24 million pounds of triuranium octoxide at 1.84%. The project represents a prospective under-explored region within the Alligator Rivers Uranium Province.
Write to Aaliyah Rogan at Mining.com.au
Images: Alligator Energy
