THE DRILL SERGEANT: Brisbane-based uranium play Alligator Energy has released results from an ongoing drilling program being carried out at its Tin Camp Creek project in the Northern Territory.
Alligator has received results from two holes recently drilled at the Caramal prospect and six drill holes undertaken in the South Horn area.
Drilling at Caramal was limited in July due to a drill rig breakdown.
A second rig was sourced and used to drill the initial 6 drill holes in the South Horn area.
Drilling recommenced at Caramal in August designed to test for down dip extensions of mineralisation.
Uranium intersections at Caramal include:
– 20 metres at 2027 parts per million uranium from 24 metres and 13m at 3095ppm uranium from 2m; and
– 5m at 1184ppm uranium from 30m and 3m at 1194ppm uranium from 21m.
Mineralisation at Caramal is considered by Alligator to occur within structural breccia zones which are parallel to stratigraphy and is un-related to adjacent dolerite dykes.
“The results from recent drilling continue to confirm this model,” Alligator said in its announcement to the ASX.
“High grade mineralisation in CAD11-05 was associated with chert and chlorite breccias having strong visual similarities to the mineralised chert breccias from the Ranger No1. Orebody.”
Initial diamond drilling has been undertaken in the South Horn area with assay results received from the first six drill holes.
Four of the holes were drilled along strike from historic South Horn drill holes which intersected uranium mineralisation.
Drilling results from the South Horn Prospect include:
– 4 metres at 1061 parts per million uranium from 70 metres and 11m at 563 parts per million uranium from 41 metres;
– 2m at 1432ppm uranium from 76m and 2m at 1158 ppm uranium from 48m; and
– 5m at 978ppm uranium from 46m and 1m at 990ppm uranium from 34m.
Alligator considers a re-assessment of the area is warranted to determine the effectiveness of historic drilling orientations and the potential to intersect fracture and stockwork zones in the area.
The recent drilling has re-focused the company’s attention on the Caramal area and additional drill rigs have been engaged to accelerate drilling in September and October.
Drilling has commenced to the east of Caramal targeting potential distal strike extensions to mineralisation.
Drilling is also continuing to test down dip extensions to mineralisation to the north.
A further 2000 metres to 3000 metres of drilling is also planned in these areas in September and October.