Announcement Date: 2022-08-09
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: DevEx Resources Ltd.
Project name: Nabarlek
Location: Australia
Commodities: Uranium
Highlight: Drilling results incl. 10.7m @ 1.2% U3O8 from 123.4m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: DevEx Resources (ASX: DEV; DevEx or the Company) is pleased to announce that initial diamond drilling has intersected high-grade uranium mineralisation at its 100%-owned Nabarlek Uranium Project, located in the heart of the world-class Alligator Rivers Uranium Province (ARUP) in the Northern Territory. Diamond drilling at both the Nabarlek South and North Buffalo Prospects has intersected significant zones of uranium mineralisation adjacent to historical intercepts, highlighting the endowment and exploration upside of the brownfields Nabarlek Project. Targeting the Nabarlek South uranium shoot, Hole 2 (22NBDD02) intersected 10.7m @ 1.2% eU3O8 from 123.4m including 3.2m @ 3.1% eU3O8, extending the known high-grade uranium mineralisation 25 metres down-plunge from historical uranium intercepts in fresh rock (see Figures 1 and 2 and Table 1). Visual logging of the mineralised diamond core, supported by spot pXRF analysis, has identified uranium mineralisation within a fault zone of fractures and veins within the dolerite over the reported intercept length. These uranium-bearing fractures range in thickness from numerous microfractures through to narrow veins up to 4cm in thickness of massive uranium mineralisation.
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