- Alligator Energy (AGE) begins drilling at the Samphire Uranium Project in South Australia
- Up to 14 holes will be drilled at the Blackbush Deposit to extract core sediments in the uranium-bearing zones
- Once the core has been extracted, it will be photographed, vacuum sealed and chilled with samples sent to the laboratory for analysis
- Additionally, core from selected holes will be sent to the Australian Nuclear Science and Technology Organisation who will undertake uranium leach and extraction testwork
- Shares in Alligator are up 2.70 per cent on the market and are trading at 7.6 cents
Alligator Energy (AGE) has begun drilling at the Samphire Uranium Project in South Australia.
Up to 14 holes will be drilled at the Blackbush Deposit to extract core sediments in the uranium-bearing zones.
While the rig arrived on site on November 11, the unseasonal rains have impacted Alligator’s ability to get onto the lease until now.
Once the core has been extracted, it will be photographed, vacuum sealed and chilled to maintain core integrity and groundwater.
Samples will then be sent to the laboratory for analysis and results are not due for six to eight weeks.
Additionally, core from selected holes will be sent to the Australian Nuclear Science and Technology Organisation (ANSTO) who will carry out updated uranium leach and extraction testwork.
This will feed into the resource modelling and compilation of a scoping study which will be undertaken during the first half of 2022.
Upon completion of the sonic core drilling, up to 40 rotary mud holes will be drilled with holes to be designed and located for resource confidence and potential extensional work.
CEO Greg Hall is excited to begin drilling.
“We are very pleased to be finally commencing this important drilling program, the first on the Samphire Project since around 2012,” Mr Hall commented.
“As this is Alligator’s first drilling program in the area, it has been important that we work with the pastoral leaseholders to ensure minimal impact on ground during our operations, and this has meant the soft ground follow recent heavy rains was not suitable for the drills and equipment to drive over.
“More showers are forecast in the area over the coming week, and the team will work around this to maintain drilling wherever possible.”
Shares in Alligator were up 2.70 per cent on the market and were trading at 7.6 cents at 11:38 am AEDT.