Ngalia Uranium Project [Northern Territory]
- 211km2 property (EL24571) on the western Ngalia Basin, ~400km NW of Alice Springs owned 100% by Aldershot.
- Sandstone type uranium target in highly prospective, unexplored area.
- Only 40km along strike from Bigryli uranium resource (23.4 M lbs U3O8 & 43.7M lbs of V2O5).
- 28 km of prospective horizon.
- Very little historical exploration.
- Airborne radiometric-magnetic survey completed and targets identified.
- Currently awaiting access clearances.
The Ngalia Project, defined by Exploration Licence EL24571 is located about 400km NW of Alice Springs in the Northern Territory of Australia. It covers 211 km2 and is owned 100% by Aldershot.
The target is classical sandstone-type uranium deposits within the lower units of the prospective Carboniferous Mt Eclipse Sandstone. The Mt Eclipse Sandstone contains all of the known uranium deposits within the Ngalia Basin, including the Bigrlyi uranium deposit that lies 40km to the northeast (resource of 4.01 Mt @ 0.1993% U3O8 at a 1000 ppm cutoff). The known deposits are “sandstone type deposits” with the uranium released by erosion of “hot” granites to the north, transported in oxidised fluids and precipitated in the sandstone by carbonaceous material and pyrite.
Literature surveys there has been very little exploration in the project area even during the 1970-early 1980s period with all historical exploration focussing on the Bigrlyi environs.
An airborne radiometric-magnetic survey was completed at the end of 2006 and during 2007-8 the data was processed and interpreted resulting in 19 anomalies that warranted ground checking. The anomalies are interpreted as either hot spots in the Southwark granite or areas of mt Eclipse outcrop. With most of the target horizon covered by thin desert sands any radiometric anomalies are expected to be weak.
Following successful negotiations with the traditional aboriginal owners, a reconnaissance logistic trip was undertaken in late 2007. During 2008 a photointerpretation was completed in preparation for ground truthing. Late in 2008 access approval was withdrawn and negotiations will be recommenced.
See news release dated January 28 2009 |
