DevEx Resources Reports Nabarlek North Uranium Intercepts

THE DRILL SERGEANT: DevEx Resources (ASX: DEV) arrived at the South-West Connect ASX Showcase with results fresh from the company’s 100 per cent-owned Nabarlek uranium project, located in the Northern Territory.

DevEx Resources has been drilling at Nabarlek North testing an offset adjacent to the Nabarlek Fault, north of the historical Nabarlek Mine and on the boundary of the Nabarlek Mining Lease.

Step-out drilling at the Nabarlek North prospect has returned shallow uranium equivalent intercepts (eU3O8), including:

11.2 metres at 0.33 per cent eU3O8 (3,300ppm) from 41m (RC 174), including 5.1m at 0.51 per cent eU3O8 (5,100ppm)

21.5m at 0.11 per cent eU3O8 (1,100ppm) from 36.0m (RC 173), including 1.3m at 0.61 per cent eU3O8 (6,100ppm).

The company has declared step-out RC drilling along this fault to the north and south of these intercepts as a priority for further drill testing this month, together with follow-up drilling at other targets.

“Our drilling campaign continues to build momentum, with significant uranium mineralisation returned in the two recent step-out holes,” DevEx Resources managing director Brendan Bradley said in the company’s ASX announcement.

“These holes were drilled along strike from the exciting intercept of 4.6 metres at 0.32 per cent eU3O8 reported last month.

“Importantly, the new intercepts are located in the same stratigraphic position at the unconformity between the overlying sandstone and the underlying Cahill Formation.

“This is a geological host position that is highly significant in some of the world-class uranium deposits of the district.

“Intensive step-out drilling is underway and we are looking forward to what this can deliver.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE