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- Alligator Energy (AGE) commences drilling at its Samphire Uranium Project in South Australia
- The phase two drilling program includes 42 drillholes and covers rotary mud drilling and downhole geophysical logging
- As further assay results from the sonic core drillholes are received, they will be evaluated along with results obtained from this program
- CEO Greg Hall said the Samphire team has worked rapidly to get this drilling program underway
- On the market, Alligator was down 3.17 per cent and trading at 6.1 cents per share at the end of the day
Alligator Energy (AGE) has commenced drilling at its Samphire Uranium Project in South Australia.
The phase two drilling program includes 42 drillholes within higher grade zones of the Blackbush deposit and covers rotary mud drilling and downhole geophysical logging.
The location of the holes has been planned to acquire high quality downhole geophysical data where historical drilling needs supporting and to complement data collected in the recent sonic core drilling program.
Notably, the uranium grade will be measured using Prompt Fission Neutron and gamma probes for further information. The aim of the program is to increase the confidence level in the re-estimation of a JORC compliant resource at Blackbush.
As further assay results from the sonic core drillholes are received, they will be evaluated along with results obtained from this program.
CEO Greg Hall said the Samphire team has worked rapidly to get this drilling program underway.
“A downhole logging rig with all required instruments is onsite and has been initially logging the previous cored holes,” he said.
“As we receive additional assay data from the sonic drilling, along with this new down hole data, we will take the necessary steps to perform correlations and evaluations with historical information with the objective of increasing confidence levels in our Blackbush resource.”
On the market, Alligator was down 3.17 per cent and trading at 6.1 cents per share at the end of the day.
