Announcement Date: 2022-01-31
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Alligator Energy Ltd.
Project name: Samphire
Location: Australia
Commodities: Uranium
Highlight: Drilling results incl. 9.5m @ 0.24% U3O8 from 71.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Alligator Energy (ASX: AGE, ‘Alligator’ or ‘the Company’) is pleased to announce assay results from the first sonic core drill hole BBS21-001 in the Blackbush deposit, part of the Samphire Uranium Project, 20kms south of Whyalla in SA. This is the first drilling on the project since 2012. The aim of the sonic drilling, in conjunction with a planned rotary mud infill drilling program, is to increase the confidence on the higher grade portion of the Blackbush resource and obtain detailed geological and hydrogeological characteristics of the host sequence. This information will be used in a re-estimation of the Blackbush resource. Greg Hall, Alligator CEO, said: “Alligator is pleased to announce these high grade assay results, which provide the initial confirmation of the previous gamma derived mineralised zones within the Blackbush deposit. The core has provided the first detailed geological information within the higher grade portion of the deposit and confirms the opportunity to pursue this mineralisation for application to ISR uranium production.”
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