Antares Metals (ASX:AM5) has pinpointed a number of new uranium targets at the Mt Isa North Project in northwest Queensland, ahead of a drill testing program to cover the “most prospective” of the 52 targets.
The three new targets comprise B8A, Monte Bello, and Tjilpa, with surface sample grades of up to 1,786 parts per million (ppm), 1,988ppm, and 977ppm triuranium octoxide respectively.
Historical drilling intercepts at the Tjilpa prospect returned 1m @ 1,004ppm triuranium octoxide from 6m, 16m @ 347ppm triuranium octoxide from 166m, and 3m @ 742ppm triuranium octoxide from 166m.
Recently returning 49 targets from a uranium prospectivity analysis campaign, Antares will identify drill targets following ground truthing to further investigate the anomalies.
CEO Johan Lambrechts says the company’s continued systematic exploration programs highlight the prospectivity of uranium mineralisation across the project.
“Alongside these developments, we continue to advance the Queens Gift Project, which hosts significant historical high-grade intercepts and remains a key focus as we prepare for future drilling,” Lambrechts says.
The company has scheduled a maiden drilling program at the Queens Gift prospect for early November.
Historical intercepts include 23m @ 746 ppm triuranium octoxide from 74m including 8m @ 1,596ppm triuranium octoxide; and 31m @ 609ppm triuranium octoxide from 46m including 6m @ 1,133ppm triuranium octoxide.
“While uranium is a major focus, we are also maintaining momentum on our priority copper prospects, including Conglomerate Creek, where activities are underway to progress drill testing,” Lambrechts adds.
Antares Metals is a junior explorer focused on uncovering copper and uranium deposits across Australia.
Write to Maddison Elliott at Mining.com.au
Images: Antares Metals
