Epsilon delineates further palaeochannel system

23 October 2007 | 04:40 Code : 15720 Geoscience events
Uranium exploration company, Epsilon has delineated an extensive palaeodrainage....

  Uranium exploration company, Epsilon has delineated an extensive palaeodrainage system at the Heartbreak target within its Balladonia Uranium project, where the company controls 100 percent Uranium rights.The channel system is additional to that recently mapped at the Balladonia North target. Both channel systems are prospective for sandstone hosted uranium deposits. The palaeodrainage system at Heartbreak was identified from the results of an extensive detailed TEMPEST airborne electromagnetic survey covering 2,702 line kilometres over 200m line spacings. Preliminary interpretation of the Heartbreak results indicate an extensive palaeodrainage system made up of numerous drainage channels comprising a system covering an area of approximately 700sqkm. Previous drilling has suggested enhanced concentrations of uranium may be present in these channels. Epsilon Energy Managing Director, Matt Gauci said the results confirmed the prospectivity of the project area for sandstone hosted uranium deposits. “The completion of one of the largest and most detailed airborne EM surveys in this region has provided the company with extensive data sets to continue to delineate drill targets and build geological models similar to Beverley, nearby Mulga Rock or North American sandstone hosted deposits,” Mr Gauci said. “No modern systemic uranium exploration has been carried out at the project. The TEMPEST airborne EM survey has successfully mapped a previously unidentified palaeochannel system. “Interestingly, changes in channel geometry at Heartbreak coincide with the previously reported high gamma logs. This is a first for the area and has provided the exploration team with great confidence in carrying out our exploration program efficiently and effectively. We are now very eager to commence drilling,” he said.

tags: QAZVIN

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