Kingsland drilling builds up Cleo’s uranium potential
Further assays from Kingsland’s maiden drilling have underlined the prospectivity of its Cleo uranium project near Pine Creek, Northern Territory.
New results from the drill program are 80m grading 546 parts per million (ppm) U3O8 including 20m at 1,551ppm U3O8 (CLRC017) from 4m composites.
Additionally, one metre re-splits of previously sampled holes returned results such as 43m at 751ppm U3O8 including 2m at 4,380ppm U3O8 (CLRC029) and 46m at 535ppm U3O8 including 1m at 4,394ppm U3O8 (CLRC015).
Kingsland Minerals (ASX:KNG) managing director Richard Maddocks said the results indicate significant potential for a high tonnage, shallow body of uranium mineralisation at Cleo.
“Results show that there are higher grade components within this wide zone with significant grades of up to 0.44% U3O8 returned,” he added.
“We are looking forward to receiving the remaining assay results and fully assessing the upside at Cleo in preparation for the next round of drilling.”
The latest results add to the first 16 holes from the same drill program, which returned thick intersections of mineralisation such as 42m grading 679ppm U3O8 including 8m at 1,655ppm U3O8, 54m at 447ppm U3O8 including 4m at 1,706ppm U3O8, and 16m at 747ppm U3O8.
This work is expected to confirm historical drilling intersections regarding width and grade, extend known mineralised zones, and provide important geological information to enable a thorough geological interpretation and model to be generated.
Cleo is located within the broader Allamber project, which was historically explored for uranium, copper and graphite.
Allamber is located in the historic Pine Creek mining region where mining, predominantly for gold, has taken place since the 1870s.
The project area is well serviced with sealed roads and other infrastructure and services that enable exploration programs to progress in a timely manner.
Additionally, there are no native title claims or determinations covering the project area.
This article was developed in collaboration with Kingsland Minerals, 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.