Alligator Energy Ltd (ASX:AGE, OTC:ALGEF) has identified significant extensions to the uranium-rich Samphire palaeochannel system at its Samphire Uranium Project, near Whyalla in South Australia.
Data prompted breakthrough
This breakthrough was achieved by integrating newly acquired ground gravity data, which revealed a 50% increase in the uraniferous palaeochannel's strike length.
The recent survey identified a remarkable 34 lineal kilometres of extension to the existing 64 kilometres of the palaeochannel system.
This discovery extends the palaeochannel's known reach to nearly 100 kilometres, with the newly added segments maintaining outstanding continuity.
Historical drill holes within these extensions have encountered similar thick sequences of Kanaka Bed sands, which host significant uranium resources, including the 17.5 million pounds at the Blackbush uranium mineral resource and the Plumbush uranium prospect.
“The Samphire Project palaeochannel system is incised into the underlying dense granite – source of the uranium – and the density contrast between this and the overlying sediments provides the ability for ground gravity to detect margins of the palaeochannels in a very effective way,” CEO Greg Hall said.
“Alligator has used this to great effect, ensuring that drilling is dominantly within the palaeochannel margins, with very little wasted drilling during resource extension and exploration drilling.
“We have now extended identification of this channel system by 50%.”
What’s next?
With more than 70 kilometres, or 72%, of the palaeochannel system still untested by drilling, the potential for new discoveries and resource expansion is substantial.
Alligator plans to integrate these new targets into its ongoing multi-year uranium exploration program, focusing on areas that remain completely untested.
Back in early 2022, Alligator conducted a detailed reassessment of historical regional geophysical data, which selected ground gravity as the optimal method for mapping the system.
The successful detection of additional palaeochannel extensions has given Alligator confidence in the potential for further significant findings in the project area.
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