Antares Metals (ASX:AM5) is moving forward with field activities in search of uranium mineralisation at its Mt Isa North Project in Queensland, with a focus across most prospects including the historical Queens Gift.
With 10 of the 49 targets listed prioritised for exploration, the company will send its geology team to conduct a ground spectrometry survey and ground truthing with rock sampling immediately.
The targets are proximal to known uranium occurrences, such as major structures, radiometric, and magnetic anomalism, sharing albitite style characteristics, similar to Paladin Resources’ (ASX:PDN) majority owned Valhalla deposit.
Surveys will build on previous findings to drill test anomalies across a majority of its deposits, including the Joker and Skevi prospects, as well as Queens Gift, which the company hopes to upgrade the resource estimate of.
Hosted by the Cromwell metabasalt suite, Antares believes mineralisation that was previously tested over a 1km strike length at the Queens Gift Prospect is open at depth, disappearing beneath the colluvial cover north and south.
Previous drill testing returned 31m @ 609 parts per million (ppm) triuranium octoxide from 46m including 6m @ 1,133ppm triuranium octoxide and 11m @ 1,051ppm triuranium octoxide from 287m including 4m @ 2,298ppm triuranium octoxide.
The prospect also returned a rock chip assay of 2.86% triuranium octoxide in historical surveying.
CEO Johan Lambrechts says the company has spent the first half of the year prioritising the advancement of its copper prospects, including a third phase of drilling at Surprise and fieldwork at Conglomerate Creek.
“The company has also progressed target reviews on its uranium prospects and is pleased to now outline our priorities for follow-up exploration,” Lambrechts says.
Antares Metals is an Australian explorer focused on the development of its Mt Isa North Project to produce multiple commodities.
Antares Metals will be attending the Noosa Mining Investor Conference, held between 23-25 July, at the Peppers Noosa Resort.
Mining.com.au is an official media partner of this year’s conference.
Write to Maddison Elliott at Mining.com.au
Images: Antares Metals
