Adavale kicks off uranium exploration with ‘outstanding targets’ at Lake Surprise
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Adavale has put boots on the ground to better delineate a strong radiometric anomaly that is coincident with a helium anomaly at its Lake Surprise uranium project.
The company’s geological team led by uranium geologist Pat Harvey will carry out ground-based radiometric surveying over the 1.8km x 8km anomaly with targeted outcrop sampling focused on gamma anomalies coming out of some exciting survey results.
Adavale Resources (ASX:ADD) originally focused on the radiometric anomaly after noting its larger and stronger spike compared with the gamma anomaly first seen in northwest historical drilling in the South Australian tenement.
What thrills Harvey’s team is the anomaly’s significant coincidence with a helium anomaly because of the correlation between helium signatures and uranium occurrences at known uranium deposits like the Beverly mine to the southeast.
“Having planned to get boots on ground for months, I’m delighted the geological team and I are on site with all the requisite equipment to undertake this work,” Harvey noted.
“During my career to date, I have rarely seen readings such as these taken at Adavale’s Lake Surprise Project recently.
“Initial radiometric readings to date are extremely encouraging, however the data still needs further analysis and full results will be published in the coming weeks.
“The outcrop gamma readings and anomalies from the existing geophysical data broadly coincide with the helium highs announced previously, providing outstanding targets for this phase of exploration.”
Adavale holds three granted uranium tenements covering nearly 400sqkm within the Lake Frome embayment with a fourth currently under application.
Known uranium orebodies on the eastern side of the Flinders Ranges include Beverley, Honeymoon, Goulds Dam and Yarramba, and the Mt Gee project, several of which are in the northern Flinders Ranges about 60km from its Lake Surprise project area.
The company has held the tenements since 2006 and had originally selected them based on outcrop sampling and regional radiometric anomalies, many of which remain largely untested.
Prior to 2011, it had drilled 446 shallow holes with a maximum depth of 60m that targeted geological formations that had visible uranium mineralisation.
This article was developed in collaboration with Adavale Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.