During the EL 132 tenure, work has consisted of a mineability evaluation of the Honeymoon uranium deposit, plus additional U exploration over the South Eagle farmout. Initially, 5 rotary holes (total 594.9 m) were drilled to the north of the...
During the EL 132 tenure, work has consisted of a mineability evaluation of the Honeymoon uranium deposit, plus additional U exploration over the South Eagle farmout. Initially, 5 rotary holes (total 594.9 m) were drilled to the north of the Honeymoon deposit, close to the licence boundary with adjacent EL 98, and found good (3.3 m at 0.284% U3O8 in hole SE159) but limited, northwards-diminishing uranium mineralisation associated with a well-developed oxidation - reduction interface. Next some reconnaissance and detailed resistivity surveys were commissioned, and 33 more rotary holes (total 3015.1 m) were drilled, looking for possible new lower Tertiary palaeochannels as well as for other attractive sites for uranium deposition within the Yarramba Palaeochannel, mainly around conductivity anomalies delineating probable embayments in channel bank morphology, but this drilling detected no significant mineralization. Another 10 rotary drillholes (total 1217 m) tested radon anomalies defined by track etch surveys, which led to low order mineralization being intersected in SE195 (0.2 m of 0.115% U3O8). 4 appraisal rotary coreholes (total 480.5 m) were drilled to obtain core samples for testing to evaluate the Honeymoon orebody grades, mineralogical and metallurgical characteristics of the ore, and its in-situ leaching potential. Recalculated, indicated uranium ore reserves at Honeymoon now stand at 2,500 (long) tons averaging 0.262% eU3O8.
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