Uranium explorer Thundelarra Exploration (ASX: THX) has received promising exploration news from logging of six diamond drill holes at Thunderball prospect in the Northern Territory.
Results from down-hole gamma logging of six diamond drill holes at the Thunderball prospect have revealed visual observations of significant uranium mineralisation in every hole.
The results indicate that near surface, broad (8 to 12 metre) widths of strong secondary uranium mineralisation exist and at depth, high grade primary mineralisation occurs over widths of 2 to 3 metres within a well defined shear zone.
The Thunderball uranium prospect is located in the Pine Creek region of the Northern Territory on exploration licenses EL23509 and EL23431. Thundelarra has an option to acquire a 100% interest in EL23509 and holds a 70% interest in the uranium rights on EL23431 in joint venture with unlisted Crocodile Gold Australia Pty Ltd.
Outstanding assays from the 6 hole diamond program are expected to be available within the month. In the interim the gamma logs provide a good indication of the tenor of mineralisation present.
No comments:
Post a Comment