Join our daily newsletter At The Bell to receive exclusive market insights
Greenvale Energy (ASX:GRV) has discovered geomagnetic uranium anomalism on-site at its NT projects. Having only recently acquired its uranium portfolio in the Top End, Greenvale on Tuesday described the find as a “strong start.”
Flying overhead the Henbury, Tobermorey, and Douglas River projects respectively, 14.5 kilometres worth of in-fill lines have been filled.
At Henbury, the company logged outcrop sediments that are part of the Amadeus Basin; significant for its part in boasting the deposits other NT-based uranium projects tap. A 10km long anomaly has been interpreted as well as a separate 2km anomaly.
Douglas River, meanwhile, is the site of a 10km long uranium anomaly interpreted from the data “overlying a geological unconformity.”
Finally, at Tobermorey, “extensive uranium anomalism [has been] confirmed along a 20km strike length.” The discovery is reportedly 15km wide at its thickest.
The data backs up data from the late 90’s/early 00’s, according to CEO Mark Turner.
“The recent magnetic/radiometric survey was designed to in-fill the strong uranium anomalism reported in a previous government-funded survey completed at the turn of the century,” Turner said.
“The data will be combined with other available datasets to help us plan an extensive drilling program for 2025.”
GRV last traded at 3cps.
Join the discussion: See what HotCopper users are saying about Greenvale Energy Limited and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
-1200x645-380x200.jpg)
