Epsilon explores uranium target with airborne geophysics

Uranium exploration company, Epsilon Energy has commenced an airborne....

  Uranium exploration company, Epsilon Energy has commenced an airborne geophysical survey, at its Lake Dundas uranium target, within its flagship Balladonia Uranium Project, where the company holds full uranium rights.This current program is in addition to the two airborne EM surveys using Fugro’s TEMPEST system, which are set to commence at Epsilon’s Heartbreak and Balladonia North targets during July. Epsilon Energy Managing Director, Matt Gauci said the new survey was crucial to planning an effective drill program at Lake Dundas, which is currently being organised to begin during the September quarter. “This particular exploration technique helps Epsilon conduct our exploration efforts as efficiently and effectively as possible, particularly at the convergence area of the palaeochannel system which shows evidence of restricted flow,” Mr Gauci said.“In an area of restricted flow, such as in and around the Lake Dundas, one can expect that deposition of uranium may have occurred in a relatively stagnant reducing environment. “Previous work in the 1950s confirmed very high anomalous values of uranium at Lake Dundas, however no modern exploration methods have been applied to the target since that time,” he said. “The airborne survey essentially lets us hit the ground running when it comes to the drilling phase of our exploration program.” Epsilon’s aim with this airborne geophysical survey is to map the palaeochannel system, which appears to be a confluence of drainage systems both northwards and southwards at Lake Dundas. Close spaced and modern high resolution fixed wing airborne magnetic, radiometric and digital terrain data have not been applied to the target area and the work program will provide the company with appropriate data to continue to build a geological model and effectively delineate drill targets. Epsilon Energy said it expects the airborne geophysical survey currently underway at Lake Dundas to be completed by the end of July.