Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Alligator Energy finds more uranium  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 09/10/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - ProactiveInvestors - Australia) Alligator Energy (ASX: AGE) has intersected uranium mineralisation at several locations along the 7 kilometre strike length of the Orion Trend hosted within its Tin Camp Creek Project in Northern Territory following broad reconnaissance drilling.

The company's tenements are located in the Alligator Rivers Uranium Province in Arnhem Land, host to nearly 1 billion pounds of high grade uranium resources and past production, including the Ranger Mine and Jabiluka.

A new area of mineralisation, known as the Mintaka Prospect, has been identified within the Orion Trend, defined from highlight intercepts of 6 metres at 663 parts per million uranium from 65 metres and 15 metres at 512 parts per million uranium from 78 metres, including 5 metres at 1,292 parts per million uranium.

The Mintaka Prospect lies 6.7 kilometres southeast of the Caramal deposit and extended mineralisation at the South Horn prospect. The system remains open to the north and west.

Drilling has also extended known mineralisation at the South Horn prospect with best intercepts of 32 metres at 678 parts per million uranium from 20 metres, including 8 metres ay 1,050 parts per million uranium.

Alligator completed 8,483 metres across 51 holes of reverse circulation and diamond drilling as of 15 September, after which the company began drilling the Caramal extension/offset.

The Caramal deposit is part of a large system of alteration and mineralisation present in the Orion Trend.

The first phase of drilling tested the 7 kilometre strike length between Caramal and South Horn within the Orion Structural Trend and identified broad zones of uranium anomalism and/or alteration, and better refined the interpreted geology.


Tin Camp Creek Project

Alligator acquired the Tin Cam Creek Project from Cameco in 2010. As part of the deal, Cameco have an option to buy back into a defined resource of over 20,000 tonnes uranium on the three Tin Camp Creek tenements purchased from them.

Cameco can buy back up to 51%, while Alligator retains the offtake rights to the remaining 49%.

Drilling in 2011 of high grade uranium at the Caramal deposit returned highlight intercepts of 14 metres at 6,991 parts per million uranium from 33 metres, 13 metres at 3,381 parts per million from 116 metres and 9 metres at 10,099 parts per million uranium from 11 metres.

The Caramal deposit hosts a maiden JORC resource of 6.5 million pounds at 0.31% uranium.

Further upside stems from the identified 7 kilometre trend of host horizon under shallow cover south of Caramal.

 






  MENA News Headlines
Apr 16 2014Saudi oil exports reach USD77 b in Q1 ,MENAFN
(MENAFN) Saudi exports of crude oil reached over 715.72 million barrels in the first three months of the current year, according to Arab News. The amount of oil exports of the kingdom was ...

Apr 16 2014Saudi Electricity Company to launch 17 projects ,MENAFN
(MENAFN) Saudi Electricity Company plans 17 new projects across the kingdom to meet the growing demand on energy and electricity, according to Arab News. The projects are estimated at as much as ...

Apr 16 2014Erotic art offers glimpse of China's 'lost' sexual philosophy ,AFP
(MENAFN - AFP) Ancient paintings of fornicating Chinese couples and phalluses made of stone are among items that Dutch art collector Ferdinand Bertholet hopes will help China reconnect with its ...

Apr 16 2014Cash-rich global firms face calls to crack open war chests ,AFP
(MENAFN - AFP) Impatient shareholders are calling on the world's top firms to start spending some of the eye-popping $2.8 trillion in cash built up since the financial crisis, as analysts warn that ...

Apr 16 2014Russian sanctions would destroy Cyprus economy FM ,AFP
(MENAFN - AFP) Economic sanctions by Europe against Russia "would destroy Cyprus's economy," Nicosia's foreign minister Ioannis Kasoulides said in a German newspaper interview published ...

Apr 16 2014Supermarket Tesco announces annual net profit of £974m ,AFP
(MENAFN - AFP) Supermarket group Tesco, Britain's biggest retailer, on Wednesday announced a massive jump in annual net profits, but its underlying performance showed a fall. Tesco said profit ...

Apr 16 2014Chinese, Russian FMs discuss Ukraine ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Chinese Foreign Minister Wang Yi and his Russian counterpart Sergei Lavrov called for the interests of all parties in the in Ukraine's crisis to be respected, ...

Apr 16 2014Kuwait- GIC chief participates in ABANA Summit panel discussions ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Shafic Ali, head of the Principal Investments Group at Gulf Investment Corporation (GIC) late Tuesday participated in a panel discussion on (Emerging Trends in ...

Apr 16 2014Two people dead, 107 missing in S. Korea sunken ferry ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) A passenger ship carrying more than 470 people, mostly high school students, sank off South Korea's southern coast on Wednesday, leaving at least two people dead ...

Apr 16 2014Today in Kuwait's history ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) 1961 -- First edition of "Al-Rai Al-Aam" newspaper hit the stands. 1962 -- Kuwait joined the United Nations (UN) Commission on Narcotic Drugs. 1972 -- The Amir ...

Apr 16 2014EU voices concern over increase of terrorist attacks in Nigeria ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) EU High Representative for foreign affairs and security policy Catherine Ashton late Tuesday "strongly condemned" the abduction of more than 100 school girls in ...

Apr 16 2014Reporters Without Borders says three more pressmen killed in Syria ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Three more journalists have been killed by gunfire in the Syrian town of Maaloula, north of the capital Damascus, press freedom organisation Reporters Without ...

Apr 16 2014Afghanistan- Security directorate opens ,The Peninsula
(MENAFN - The Peninsula) Afghan National Army soldiers and their Nato counterparts attend the opening ceremony of National Directorate of Security funded by the US in Lashkar Gah, Helmand province, ...

Apr 16 2014India- Varun has betrayed the Gandhi family, says Priyanka ,The Peninsula
(MENAFN - The Peninsula) Priyanka Gandhi Vadra yesterday slammed estranged cousin Varun Gandhi for the second time in three days, criticising him for siding with the BJP, and "betraying the ...

Apr 16 2014India- Campaigning ends for sixth phase polling ,The Peninsula
(MENAFN - The Peninsula) Campaigning came to an end yesterday for the sixth phase of general elections that will decide the fate of 122 Lok Sabha seats across 10 states, including West Bengal and ...

Apr 16 2014India- Fire escape ,The Peninsula
(MENAFN - The Peninsula) Afirefighter wearing a fire suit walks through a wall of flames during a demonstration of their skills for Fire Safety Week in Bhubaneswar yesterday. Fire Safety Week runs ...

Apr 16 2014India- Modi attacks Rahul over 'toffee model', regrets targeting PM ,The Peninsula
(MENAFN - The Peninsula) "In such a big election, first they spoke of balloons and now toffees... If he gets a toffee, his day is made. But in my childhood, I never even knew what a toffee was. I ...

Apr 16 2014UN warns Nepal over civil war crime amnesty ,The Peninsula
(MENAFN - The Peninsula) Nepal would weaken the foundations of "genuine and lasting" peace after a decade-long civil war if it gave amnesties for serious crimes committed during the conflict, the top ...

Apr 16 2014Japan- Lunar eclipse ,The Peninsula
(MENAFN - The Peninsula) Partial lunar eclipse is seen atop an antenna on the roof of a high-rise building in Tokyo yesterday. ...

Apr 16 2014South Africa gears up for polls ,The Peninsula
(MENAFN - The Peninsula) Unemployed South African men look at an election campaign poster for opposition party Inkatha Freedom Party in Cape Town yesterday. South Africa is to hold its fourth general ...

more...


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help