Announcement Date: 2022-07-18
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Vimy Resources Ltd.
Project name: Alligator River
Location: Australia
Commodities: Uranium
Highlight: Drilling results incl. 6.35m @ 0.95% U3O8 from 217.9m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vimy Resources Limited (ASX: VMY, OTCQB: VMRSF) (Vimy or Company) is pleased to announce the first two diamond drill holes have intercepted new uranium mineralisation at its 100%-owned Angularli Deposit in the Northern Territory (see ASX announcements dated 9 May and 12 July 2022). The two diamond drill holes successfully extended the Angularli Deposit in an up-dip direction, approximately 200m above the unconformity boundary, which was previously thought to limit the extent of uranium mineralisation. The width and tenor of mineralisation intercepted in both holes warrant additional drilling further up-dip from the current drill holes, to further extend the known mineralisation within the Mamadawerre Sandstone Formation. Details of the diamond drill holes completed to date are provided below, with a full suite of intercepts provided in Appendix 1. Vimy’s Managing Director and CEO, Steven Michael, said: “Our team is very excited by the early success achieved in the first two holes at Angularli, which contains the highest uranium grade of any known uranium resource within Australia.
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