Valor Resources takes to the skies to move its Hook Lake Project along
Valor Resources is set for airborne gravity gradiometry survey to build momentum at its Hook Lake Uranium Project.
Valor Resources (ASX:VAL) Executive chairman George Bauk says Valor will use this survey and further on ground exploration to assist with the development of uranium targets for the next drill program.
“This airborne gravity gradiometry survey is an important next step in the development of the Hook Lake Uranium Project,” he explains.
“We are expecting assay results in June from our drilling program and the interpretation of the gravity survey data around the end of June.”
A modern airborne gravity survey has never been completed over the Hook Lake and Hidden Bay Project area, Bauk adds.
“This will provide the third dimension to the existing geological data sets to assist with identifying and prioritising drill targets.”
Valor says the survey will include a total of 2,700 line-km at 150m line spacing.
As well as Hook Lake, the gravity survey will include the Hidden Bay Uranium Project – about 95km northeast of Hook Lake.
The Hidden Bay Project covers an area of 31.9km and is prospective for basement-hosted uranium mineralisation.
Historical exploration data from the Hidden Bay Project area has been compiled and based on the preliminary results of this review, indicates that Hidden Bay should be immediately prioritised for airborne gravity gradiometry (AGG).
The AGG data will help delineate geology and structure that are important in the formation of a uranium deposit, Valor says.
Gravity anomalies provide direct detection of the hydrothermal alteration associated with a uranium deposit.
This article was developed in collaboration with Valor 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.