(NewsDirect)
Alligator Energy Ltd(ASX:AGE) CEO Greg Hall tells Proactive the company is set to increasethe confidence level of the mineral resource estimate for theBlackbush deposit within its Samphire Uranium Project in SouthAustralia after delivering exceptional high-grade uranium resultsduring a recently completed drilling program. Resource drilling for atotal of 118 holes for 10,149 metres has been completed at theBlackbush deposit, aimed at increasing the confidence of the MREthrough conversion of the inferred resource to indicated. AMCConsultants has been provided with the additional drill data and istargeting an update to the MRE in mid-November.
“Our Samphire teamhave achieved excellent drilling results despite some significant raindelays early in the year reducing our metres drilled,” Hallsaid.
“Theconsistency of grades within the Blackbush deposit bodes well for ourField Recovery Trial (FRT), which is planned to commence in Q1 2024,subject to regulatory approvals.
“With work underway on the resource update, we are nowupdating our scoping study based on an increased production schedule,subject to confirmation of the new indicated resourcelevel.”
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
Jonathan@proactiveinvestors.com
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