URM 0.00% 8.5¢ uramet minerals limited

Large seller has finally left the building hopefully for good as...

  1. sle
    10,714 Posts.
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    Large seller has finally left the building hopefully for good as it may allow this one now to head north. Aside from Phosphate prospects we mustn't forget it's "U" and Zinc prospects in the NT.
    BOX HOLE MVT (MISSISSIPPI VALLEY TYPE) LEAD-ZINC PROJECT
    Programs conducted over Uramet’s Box Hole lead-zinc project area during the quarter included:
    • Mapping and surface sampling (soil, rock, and vegetation)
    • Field inspection of proposed drill targets
    • Interpretation of helimag data
    Mapping and surface sampling at Box Hole has defined extensions to previously known surface lead-zinc mineralisation. Soil sampling using a Niton portable XRF
    analyser has indicated that lead and zinc mineralisation noted in outcrop also continues undercover in places
    In conjunction with the mapping and surface sampling, field inspection of proposed drill targets has demonstrated that several of the IP anomalies correlate well with surface mineralisation, which is significant as it indicates a
    continuation at depth of the mineralisation.
    Magnetic data (“helimag”) was collected as part of the helicopter-borne VTEM surveys flown in 2007. Interpretation has revealed a correlation between helimag features and known surface mineralisation at Box Hole. The helimag data has also proved useful in helping to define faults which may have acted as conduits for the mineralisation.
    Both the field work and the helimag interpretation carried out during the Quarter are highly encouraging, with drill testing of targets due to commence in May.
    BOAT HILL AND DESERT SYNCLINE BASE METALS AND URANIUM
    Interpretation of Boat Hill helimag has delineated five new magnetic anomalies M2 to M6, and confirmed another anomaly (M1) that was previously identified as Anomaly CWN-148 from regional aeromagnetic data. M1 has been modelled as
    occurring at about 200m below ground level, well within the range of conventional RC drilling. It is located directly below base metal prospective Thorntonia Limestone strata and is located on a major gravity gradient structure coincident with a VTEM anomaly. One interpretation is that M1 represents a deep magnetic feeder system below higher level mineralisation. Anomalies M2 to M6 are all modelled at depths of between 300m and 450m below ground level.
    Still early stages with this, but at least in the right state/territory.
 
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