- Alligator Energy (AGE) has begun an airborne electromagnetic survey at the Big Lake Uranium Project in South Australia
- The survey will aim to acquire electromagnetic data that could outline favourable areas for uranium deposits within the project
- Alligator Energy hopes to make discoveries similar to pre-existing resources, like Honeymoon, Four Mile, and Beverley
- The project will be partially funded by a $152,400 exploration grant from the South Australian Government’s Advanced Discovery Initiative
- Alligator Energy is up 5.26 per cent and trading at two cents per share
Alligator Energy (AGE) has begun an airborne electromagnetic survey at the Big Lake Uranium Project in South Australia.
The company has mobilised its contractor for the survey, SkyTEM Australia, which will use the SkyTEM 304 system to acquire electromagnetic data. The data will be collected over 1350 line kilometres, consisting of north-south lines spaced approximately 400 to 500 metres apart.
The SkyTEM 304 system has been proven to deliver accurate data, from the top few metres of the prospective target area, to depths of up to 350 metres.
Alligator Energy hopes that the electromagnetic data will assist in outlining favourable areas for uranium deposits within the Big Lake Project. The company considers this the first step in testing the potential for a green field ISR uranium opportunity.
Specifically, exploration at Big Lake will target the discovery of channel-hosted roll front resources, which will hopefully be similar to existing resources within the state. This includes resources like Honeymoon, Four Mile, and Beverley.
Alligator Energy’s CEO, Greg Hall, commented on the company’s plans for the airborne electromagnetic survey.
“We are hugely excited to commence airborne exploration of the Big Lake project, and we see the program as a key step to advancement and testing of a conceptual new ISR field in South Australia,” he said.
“The intention is for the survey to allow focused first pass drill testing in Q3 2021,” he added.
The project will be partially funded by a $152,400 exploration grant from the South Australian Government. The grant is a part of the state Government’s Accelerated Discovery Initiative scheme.
Alligator Energy is up 5.26 per cent, trading at two cents per share at 11:02 am AEST.