Mindax targets new Yilgarn Avon project area

23 April 2007 | 07:52 Code : 13466 Geoscience events
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Mindax Energy has added further weight to its Yilgarn Avon Uranium Joint....

  Mindax Energy has added further weight to its Yilgarn Avon Uranium Joint Venture in Western Australia after applying for an exploration licence covering a 200sqkm tenement in the Boonjading area, south of Wongan Hills in Western Australia. The new Boonjading Project is located in a similar geological and geophysical setting to the nearby Kalguddering uranium (autonite) occurrence recently announced by ASX-listed AXG Mining Ltd.The new project area further expands Mindax’s Yilgarn Avon Uranium Joint Venture with Quasar Resources Pty Limited, an affiliate of uranium producer Heathgate Resources. The new project area also includes copper-gold mineralisation previously drilled by Sipa Resources and Placer Dome. Historic drill intercepts include 61m @ 0.83g/t Au, 37m @ 0.72g/t Au and 0.26% Cu, a diamond core intercept of 25m @ 0.47g/t Au and 0.18% Cu. The best grade encountered has been 1m @ 2.2g/t Au and 0.71% Cu.Mindax Managing Director, Greg Bromley said the public domain radiometrics for Boonjading show similar characteristics to those in the Kalguddering area.“We believe the strong geochemical signature of the area may indicate the potential for hard rock uranium mineralisation and that the platform of previous work provides a good basis for future exploration,” he said.“Previous drilling by Sipa Resources and Placer Dome has confirmed existing copper-gold mineralisation in the area, returning some significant intercepts,” Mr Bromley said. “But while considerable surface sampling has also been conducted throughout the region, it has not been assessed for its uranium potential.”The Yilgarn Avon JV’s new Boonjading Project supplements the additional exploration opportunity gained earlier this month through its pegging of 2,796sqkm of tenements southeast of Wongan Hills, and brings its total prospective uranium roll front and hard rock ground holding for the JV to 5,500sqkm.

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