Sabre unsheaths Ngalia Basin uranium exploration plans

Sabre Resources (ASX:SBR) is lining up future drilling to test potential priority targets uncovered from ongoing exploration at the ‘extensive’ Ngalia Basin uranium tenement package in the Northern Territory.

The $10.5 million market capitalisation company says future aircore (AC) and reverse circulation (RC) drilling is being planned after Sabre announced today (18 December) that it has begun various exploration activities at the Dingo and Lake Lewis uranium projects.

Exploration at Dingo will target an extension of the Mt Eclipse Sandstone, which hosts the ‘high-grade’ Bigrlyi uranium-vanadium mineral resource of 7.46 million tonnes (Mt) @ 1,283 parts per million (ppm) triuranium octoxide (U3O8) and 1,197ppm vanadium oxide (V2O5).

Recent upgraded processing and imaging of radiometrics and satellite imagery have highlighted ‘large’ and untested uranium anomalies in exposed parts of the Mt Eclipse Sandstone.The company notes the anomalies link to ‘extensive’ and potentially uranium-bearing palaeochannel targets identified from satellite imagery. Sabre states other key […]

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