www.thundelarra.com
Thundelarra Exploration Ltd (ASX: THX) is an established Australian resources company primarily focused on uranium exploration and development in the Northern Territory.
The Company holds dominant tenement positions in the Pine Creek and the Ngalia Basin uranium provinces with a total area in excess of 6,000 sq kms. Thundelarra has achieved significant exploration success on its Northern Territory properties, particularly in the Pine Creek region where several new uranium occurrences have been identified, including the Thunderball prospect where drilling has delivered a number of very high grade uranium intercepts.
Thundelarra Exploration recommences uranium focused exploration at Ngalia Basin
Thundelarra Exploration (ASX: THX) will follow up initial significant uranium hits of up to 1,798 parts per million (ppm) U3O8 with drilling re-commencing at the Ngalia Basin Project.
The exploration campaign will be extensive with 155 holes for 20,160 metres.
Drilling by the company last year led to the discovery of Tertiary paleochannel uranium mineralisation at the Afghan Swan prospect.
A Tempest airborne electromagnetic survey subsequently revealed 400 line kilometres of prospective paleochannels within the company’s Ngalia Basin tenure.
What is so important is the area remains almost entirely untested by drilling.
Thundelarra said the paleochannel system demonstrates potential to host deposits of significant scale and displays physical characteristics that are favourable for in-situ recovery of uranium.
