Exploration advances at Dynasty’s Yanrey

24 October 2007 | 06:04 Code : 15751 Geoscience events
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Emerging energy and uranium company Dynasty Metals Australia will commenc...

  Emerging energy and uranium company Dynasty Metals Australia will commence airborne geophysical activities at its Yanrey Uranium Project in Western Australia this week.The Yanrey Project is situated 90km inland of Onslow and comprises four exploration licences, with a total area of 528sqkm. Dynasty has contracted GPX Airborne for 329 line kilometres of airborne electromagnetic (RepTEM) survey over its Yanrey tenements. A total of 177 line kilometres of survey, covering 33sqkm of the southern tenement is complete, in conjunction with a 12km high definition ground survey. Dynasty’s Managing Director, Rita Brooks said the programs were designed to locate additional palaeochannels similar to those hosting the Manyingee uranium deposit, which runs directly through Dynasty’s tenement, and Bennet Well uranium prospect. “We are fast tracking exploration at Yanrey based on the vast uranium reserves discovered on neighbouring tenements and based on a high definition ground and aerial electromagnetic survey that we completed this year,” Ms Brooks said. “Stage two of our exploration program involves building a geological model from these results to effectively delineate drill targets in this uranium rich region,” she said. Paladin Resources’ nearby Manyingee uranium deposit has a published Indicated and Inferred Resource of 12,078 tonnes at 0.08% U3O8. Scimitar Resources is also working in the area and is conducting an 8,000m aircore drilling program on its Bennet Well prospect.

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