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Valor Resources' radiometric survey reveals new anomalies at the Hook Lake Uranium Project in Canada2021-08-05 15:23:00


On-ground follow-up work by Dahrouge Geological Consulting Ltd has started and is focused on validating and developing the geological understanding of the historic uranium occurrences.Valor Resources Ltd - Valor Resources radiometric survey reveals new anomalies at the Hook Lake Uranium Project in Canada Grab Sample from the current field program at the Hook Lake/Zone S prospect Valor Resources Ltd (ASX:VAL)’s radiometric survey has revealed new anomalies at the Hook Lake Uranium Project in Athabasca Basin, Canada with the highest priority anomalies being strongly correlated with the uranium channel count.The survey, which was completed in late July by Calgary-based Special Projects Inc covered the north-eastern third of the Hook Lake Project including the Hook Lake/Zone S historical high-grade uranium occurrence.Uranium occurrences in places previously untestedOf note is the cluster of Priority 1 and 2 anomalies identified in the northwest of the project area where no uranium occurrences have previously been identified.The historical high-grade uranium occurrence at the Hook Lake (or Zone S) prospect was confirmed as a Priority 1 radiometric anomaly, with a Priority 2 anomaly, around 3 kilometres to the northeast along strike.There are additional Priority 1 and 2 anomalies away from known occurrences that require on-ground follow-up.Next on the agendaOn-ground follow-up work has begun, which is being conducted by Dahrouge Geological Consulting Ltd.This work is focused on validating and developing the geological understanding of the historic uranium occurrences, such as the Hook Lake (or Zone S) prospect.The sample, which has not yet been assayed, returned elevated readings from the RS-125 scintillometer and was taken from the same location as the historical grab sampling which returned assays up to 68% U3O8.It is also a point sampl, which means a high potential of bias and should not be considered representative of the overall mineralised structure or rock type.The field crew will also follow up on the new targets generated from the magnetic/VLF-EM survey completed in April and the priority anomalies identified from the recently completed airborne radiometric survey.A field crew supported by a helicopter is carrying out the field program over a period of 2-3 weeks.