Mandrake has commenced a detailed historical and geological review of the Lisbon Valley focussing on uranium. The historical well logs already compiled into a database by Mandrake include intersections of known uranium host rocks with, in most instances, gamma logs that potentially indicate the presence of uranium. This dataset will be important in determining the potential distribution of uranium. Likewise, the 3D seismic acquired by Mandrake will be instrumental in determining the lateral continuity of potential uranium-bearing sediments and can assist in uranium targeting and mapping. Guided by the above information, Mandrake are planning exploration activities focused on the identification and mapping of outcrop and the identification of areas prospective for uranium mineralization. The uranium review currently being undertaken by Mandrake will inform the decision to amend existing tenure to accommodate for uranium exploration and future production
MAN Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
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