Alligator Energy Limited Announces Initial Drilling Program at Nabarlek North Project in the Alligator Rivers Uranium Province
Key aims of the program are to quantify the depth of surficial weathering and sample the underlying basement geology. Over 1,000 samples have been collected to identify the geology and any uranium (+/- base metal, REE) geochemical anomalies. All samples are now in transit to laboratory for analysis.
AGE's next steps for this Project will include collating and analysing the 2022 geochemistry
data and evaluating this against recently acquired Falcon airborne gravity data for
suitable structural and geological settings. Follow-up induced polarisation (IP) geophysics is
then planned for Second Quarter 2023 to complete the targeting exercise. Post obtaining all relevant approvals for the 2023 field season a deeper reverse circulation (RC) or diamond drilling work program will be initiated for any newly identified targets including potential extensions of the high grade U40 Prospect located on Nabarlek North's southern tenement boundary. Existing approvals remain in place for the early commencement of additional auger and RAB drilling as well as the IP geophysics.