Announcement Date: 2022-05-10
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Alligator Energy Ltd.
Project name: Samphire
Location: Australia
Commodities: Uranium
Highlight: Drilling results incl. 5.1m @ 0.208% U3O8 from 70.4m
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 receipt of further assay results from its sonic core drilling along with preliminary geological interpretation of the western portion of the Blackbush Deposit (Blackbush West). In addition, analysis of recently acquired geophysical data, in conjunction with the re-examination of historical data, has highlighted several opportunities for resource extensions at the Blackbush Deposit. Assay results received from a further 4 holes from Phase 1 sonic core drilling continues to confirm high-grade uranium over anticipated intervals and validates Prompt Fission Neutron (PFN) grades at the Blackbush Deposit. The best Grade Thickness (GT) result was 5.1m @ 0.208% (2,080ppm) U3O8 for a GT of 10,608 in sonic hole 014. Most assay intersections received continue to be above our initial estimated GT cut-off of 2,000. Multiple open positions of high-grade zones not adequately tested by recent drill programs will be targeted in follow-up rotary-mud drilling in Q4, 2022 pending completion of a cultural heritage survey. Re-investigation and drilling of the eastern part of the Blackbush Deposit (Blackbush East) will also be undertaken.
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