Uranium survey to commence in NT and Qld

01 July 2007 | 06:48 Code : 14354 Geoscience events
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Uranium exploration company, Epsilon Energy is to commence a ground radiometric....

  Uranium exploration company, Epsilon Energy is to commence a ground radiometric survey and sampling program at its 100 percent-owned Mt Denison Project in the Ngalia Basin, Northern Territory and its Pandanus West Project in the Georgetown Uranium Field, Queensland.Epsilon Energy Managing Director, Matt Gauci said that the Northern Territory and Queensland project mineralisation styles are primarily representative of metamorphic intrusive and metamorphic volcanic uranium deposits. Mr Gauci said a detailed work program was required to identify high-grade concentrations for drill programs Epsilon currently has planned for the September Quarter. “The uranium surveys and sampling programs will focus on establishing ground radiometric anomalies and rock chip grades, as well as confirming extensive conceptual strike lengths,” Mr Gauci said. “This will allow a comprehensive drill program to be undertaken once we have established suitable targets.” Both programs will provide Epsilon with a better understanding of land access to potential mineralised zones, while drill hole siting by Epsilon Geologists will expedite the drill targeting process. Mt Denison lies within the Lower Proterozoic Arunta Block on the northern margin of the NgaliaBasin. The project area contains similar environments to known sandstone hosted uranium mineralisation hosted within buried palaeochannels, and is also prospective for metamorphic and intrusive related uranium mineralisation. Reconnaissance traverses at Mt Denison in 1978 indicated several radioactive zones and uranium rich rocks at the previously identified Crown and Quarts Hill anomalies. At the Crown anomaly, rock chip samples assayed up to 0.34% U3O8, which are thought to be associated with sporadic supergene concentration. The Quarts Hill anomaly rock chip samples assayed up to 0.096% U3O8, which appears to be associated with appetite schists. The Pandanus West Project in Queensland has been the subject of widespread and successful uranium exploration. Within the field, previous exploration efforts have discovered the high-grade Ben Lomond and Maureen uranium deposits, with measured and indicated mineral resources estimated at 6792 tonnes U3O8 with an average grade of 0.228% U3O8. Previous radiometric surveys and sampling at Pandanus West highlighted more than 10 uranium anomalies, with the best results ranging from between 0.053% to the high-grade 0.230% U3O8. Epsilon said the company expects the survey and sampling programs to be completed early in the September Quarter.

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