Sydney - Thursday - Sep 15: (RWE Australian Business News) - Batavia Mining Limited (ASX code: BTV) today announced plans to commence an aggressive $2 million exploration program covering its extensive uranium portfolio in the Northern Territory.
This was after completion of a comprehensive review of all project areas, including the acquisition of historical exploration data.
The "landmark" 24-month program is scheduled to commence during the December quarter and will involve systematic testing of a wide range of uranium prospects which have been meticulously reviewed, prioritised and budgeted by the company over the past two months.
Advanced targets for roll-front or sandstone-type uranium deposits have been identified at the Hale River prospect and advanced, high-grade vein, pegmatite and structurally controlled targets have been identified at the Harts Range and Eastern Arunta prospects - all of which represent high priorities for the exploration program.
The company also announced a significant addition to its NT uranium portfolio after making an application for ELA 24823 (757 sq km), which covers the highly prospective Curtis Pound Prospect identified from airborne radiometrics flown in 1971.
BTV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
