Aura Energy Identifies second Swedish uranium field

Australian uranium exploration play Aura Energy has received promising results from an initial drilling program on its Kallsedet uranium project in Sweden.

The four-hole diamond drilling program, for a total of 419 metres, revealed thick, mineralised intersections varying from 12m to 98m in cumulative thickness.

According to Aura the results confirm a widespread occurrence of uraniferous shale in the project area and the potential for the company to establish another significant uranium deposit in Sweden.

Three holes were drilled on Aura’s Olden permit and one hole on the Hamborg permit – both permits are 100 % owned by Aura.
 
Results include one drill hole intersecting 60m at 144 parts per million uranium (U3O8), including 6m at 224ppm uranium.

The company said these results confirm the potential for thick, higher grade zones of mineralisation within the licence areas.

Aura Energy managing director Dr Bob Beeson said the early results met the high expectations Aura had for the project area.

“We are pleased that the drilling results confirmed our belief that the project area holds large developments of thick uranium mineralisation,” Beeson said.

 “The thicknesses of mineralisation found in our drilling were greater than the surface mapping indicated.

“Aura holds 90 square kilometres of permits with the Kallsedet Project, and the company considers that significant proportions of this area are underlain by mineralised Alum Shale.”
 
Beeson concluded by saying the next step for the company is to undertake further drilling to explore the potential of the outcropping alum shale in Aura Energy’s permit zones.

Aura has substantial landholding covering the uraniferous Alum Shale near Kallsedet, close to the Norwegian border in Sweden.

The project area is a key prospect in Aura’s strategy to develop a pipeline of uranium projects in Sweden.

Aura has resources of 291 million pounds of U3O8 in its Häggån project located approximately 120km southeast of Kallsedet, where it has just completed a drilling program to further expand these resources.