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DevEx Resources Reports Nabarlek North Uranium Intercepts

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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

 

DevEx Ramps-up Nabarlek Uranium Project Exploration

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THE DRILL SERGEANT: DevEx Resources (ASX: DEV) has commenced a multi-pronged exploration program across the company’s Nabarlek uranium project, located in the Alligator Rivers Uranium Province (ARUP) in the Northern Territory.

DevEx Resources talked up the Alligator Rivers Uranium Province, saying it is considered amongst the world’s most prospective for uranium mineralisation, with over 500 million pounds of uranium (U3O8) identified in mined and unmined deposits.

DevEx recently carried out a comprehensive technical review of historical pre- and post-mine exploration data covering the Nabarlek project area, from which it has identified several exploration opportunities for uranium, copper and gold mineralisation.

The company explained the new exploration campaign will systematically test an extensive suite of targets it has identified from a project-wide technical review that commenced earlier this year in response to the improving outlook for the global uranium sector.

The new targets surround the historic high-grade Nabarlek uranium mine (past production: 24Mlbs at 1.8 per cent uranium) within the company’s granted Nabarlek Mining Lease and surrounding exploration tenements.

“Some months ago, we commissioned a project-wide technical review to re-evaluate the potential of Nabarlek and the surrounding tenure,”

“This has led us to revisit one of the company’s foundation assets, which comprises a dominant footprint in the heart of one of the world’s most endowed uranium provinces.

“We have been fortunate to inherit a treasure trove of data surrounding this significant historical uranium mine site.

“Our compilation and subsequent review demonstrates a wide range of exploration targets supported by numerous occurrences of uranium mineralisation throughout the project.

“Nabarlek is not a one-prospect project, it is an extensive piece of uranium-copper-gold real estate within a Tier-1 uranium province.

“We look forward to getting back on this exciting ground for a new round of exploration.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@devexresources.com.au

 

Web: www.devexresources.com.au