Alligator Energy (ASXLAGE) has identified high grade extensions to its existing uranium mineralisation at Tin Camp Creek project in the Northern Territory.
Best intersections identified include 15 metres at 4,371 parts per million of U3O8 from 75 metres. This dill hole was targeted on the basis of an interpreted vertical offset of mineralisation to the north of a fault zone which defines the northern extent of the current Caramal JORC compliant resource.
This latest intersection is considered significant as it indicates the potential to extend the resource north and further bolsters Alligator’s structural model for mineralisation in this area.
Mineralisation is open to the north and down dip of this intersection.
Meanwhile, another drill hole intersected 15 metres at 3,005 ppm of U3O8 from 130 metres.
This hole was drilled primarily to test the location of offset faults, but the intersection of a broader than expected zone of mineralisation is considered to be encouraging.
Further drilling to the north of this intersection is planned to test for quartzite hosted mineralization.
A total of 9 drillholes have been completed since mid November 2012 and recent drilling at the Caramal deposit has been successful in identifying mineralization outside of the existing defined resource boundaries.
A total of 10,991 metres of drilling has been completed this year.
The company believes the current drilling program as having been very successful in defining new zones of mineralisation at Mintaka and Orion East as well as identifying extensions to the current source at Caramal and South Horn.
Alligator will now be processing the huge volume of data on geochemistry, geology and structural data.
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