- Alligator Energy’s (AGE) sonic core drilling program at the South Australia-based Samphire uranium project is nearing completion with the final hole underway
- Drilling started in November and aims to extract core sediments in uranium-bearing zones with core recovery so far being “very successful”
- Assays have been delayed but are expected in the next two weeks
- In addition, recently appointed Chief Operating Officer Dr Marsland-Smith will step into her role on February 1 and will use her expertise to oversee the Samphire project
- Company shares are down 7.14 per cent to trade at 6.5 cents
Alligator Energy’s (AGE) sonic core drilling program at the Samphire uranium project is nearing completion with the final hole underway.
The company began the 14-hole drilling program in November last year. Drilling is targeting the Blackbush deposit to extract core sediments in the uranium-bearing zones.
Drilling so far has reportedly been “very successful” with “excellent” core recovery, and the core will be photographed, vacuum sealed and chilled to maintain core integrity and groundwater.
Alligator is yet to receive assays for the first hole due to delays impacted by COVID isolation requirements. Assays are expected to start coming in the next two weeks.
As announced prior to the program’s commencement, the company plans to conduct drilling of up to 40 rotary mud holes with holes to be designed and located for resource confidence and potential extensional work.
Rotary drilling is expected to begin in late February.
Additionally, Dr Marsland-Smith will step into her role as Chief Operating Officer on February 1. Dr Marsland-Smith reportedly brings significant experience in discovering and advancing uranium resources as well as geological, technical and operational management experience.
Outside of the Samphire project, Alligator plans to undertake a ground gravity survey at its Northern Territory-based Nabarkek North project once the wet season is over.
Company shares were down 7.14 per cent to trade at 6.5 cents at 12:39 pm AEDT.