Thundelarra Exploration (ASX: THX) has made a new uranium discovery with whopping uranium grades at its Pine Creek Uranium Joint Venture.
Surface rock samples from the Corkscrew Prospect have returned the highest uranium grades received by Thundelarra from the project area to date. Sample TK650719 assayed 1.37% U3O8 while sample TK650720 assayed 2.30% U3O8.
Thundelarra has over 3,000 km2 of tenements within the highly prospective Pine Creek Orogen region in the Northern Territory, Australia. The region is notable as one of the world’s largest and richest uranium provinces, containing the Alligator Rivers, Rum Jungle, and South Alligator Valley uranium fields.
What makes the results very significant is that the Corkscrew prospect occurs in a similar geological and structural setting to the Thunderball Prospect, 3.5 kilometres to the north east. Drilling there, has confirmed the presence of high grade uranium mineralisation at depth.
Thundelarra has now identified three prospects, Thunderball, Corkscrew and Bella Rose that all occur on the western limbs of north plunging antiforms in close proximity to the Hayes Creek Fault Zone. The area containing the three prospects will now be referred to as the Hayes Creek Project.
As a guide to likely future results, only Thunderball has been tested at depth by drilling, with very positive results. The Company believes there is strong potential for Corkscrew and or Bella Rose to host Thunderball style high grade structurally controlled uranium mineralisation.
Preparations are currently underway for a substantial RC and diamond drilling program at Thunderball to further test continuity of mineralisation at depth and along strike. Follow up work at Corkscrew and Bella Rose is also being scheduled.
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