Ex­plor­ers on the Move

The Australian Mining Review - - CONTENTS - AMY BLOM NT

VIMY Re­sources has de­fined a large ura­nium cor­ri­dor at its Such Wow prospect, which is part of its Al­li­ga­tor River pro­ject in the North­ern Ter­ri­tory.

Ac­cord­ing to Vimy, first pass re­verse cir­cu­la­tion (RC) drilling at the prospect in­ter­sected the ura­nium hosted Cahill for­ma­tion in all six holes.

Key tar­gets were iden­ti­fied along ma­jor fault zones with ex­ten­sive al­ter­ation haloes.

Vimy man­ag­ing di­rec­tor and chief ex­ec­u­tive Mike Young said the sheer size of the prospect was re­mark­able.

“The com­bi­na­tion of sur­face al­ter­ation and struc­tural fea­tures, along with sig­nif­i­cant ura­nium anoma­l­ism in our last drill hole, re­in­forces its po­ten­tial,” Mr Young said.

“Our ex­plo­ration team has over 20 years of com­bined ura­nium ex­pe­ri­ence in Arn­hem Land and they have never seen a clear-cut sur­face ex­pres­sion of po­ten­tial ura­nium min­er­al­i­sa­tion as was mapped at the Shiba Zone about 120 me­tres above the un­con­for­mity.

“We’re con­fi­dent that fu­ture drill pro­grams at Such Wow will prove up more ura­nium min­er­al­i­sa­tion and help to build a pipe­line of projects.”

Ac­cord­ing to Vimy, Such Wow was a stand-out ex­plo­ration tar­get due to the over­all size of the struc­tural cor­ri­dor – more than five times the size of the An­gu­larli prospect – with thin sand­stone cover and sur­face ex­pres­sions of hy­dro­ther­mal al­ter­ation as­so­ci­ated with ura­nium min­er­al­i­sa­tion.

Such Wow was within the King River-Welling­ton Range joint ven­ture, which Vimy had a 75 per cent stake in, and Rio Tinto Ex­plo­ration had the re­main­ing 25 per cent.

Im­age:VimyRe­sources.

Drilling at Such Wow.

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