Drilling at Reedy Lagoon's (ASX: RLC) uranium targets is scheduled to commence later this week at uranium targets on the Edward Creek project located on the Gawler Craton in South Australia.
The Edward Creek Project area (EL 3250, EL 3505 and EL 3886) covers an area of 798 km2 in and adjacent to the Peake and Denison Ranges, 750 km north northwest from Adelaide, South Australia.
A transcontinental structural zone passes through the Project area. The zone is referred to as the "G2 Structural Corridor", believed to be one of the controlling factors in the formation of the Olympic Dam poly-metallic mine located 250 kilometres to the south.
The rocks of the inlier are prospective for copper, gold, lead, zinc, and uranium.
Drilling targets comprise an interpreted reduction/oxidation boundary and a separate dipping conductive layer. Both targets are located west and down-dip from the radiogenic rocks which form the Peake and Denison Ranges.
RLC's primary focus is the Bullamine Iron Project in WA.
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