Good luck to those still holding! Thanks in advance
Part of todays ann
JERVOIS MINING LIMITED/NEW AGE EXPLORATION LIMITED JOINT VENTURE
“1. Uranium Exploration Licences, WA
Documentation has just been received for the granting of the first Exploration Licence in
the joint venture. Exploration Licence 59/1264 at Nalbarra (see plan) was granted on 9th
January 2007 for a period of 5 years.
Two further licences, EL77/1332 and EL/77/1333, at Lake Barlee have passed through the
advertising stage, the GST has been paid and they are expected to be granted within a
week.
A study was commissioned to research the airborne radiometric data that cover the
Exploration Licence areas. The most recent airborne data were collected in 1997 for the
Barlee and Lake Giles areas and in 2004 for the Nalbarra area. Thus the data for these
areas are modern.
The accompanying plan shows the uranium response filtered out of the airborne
radiometric survey over the Nalbarra Exploration Licences (note EL59/1257 is still in the
advertising stage and has not yet been granted). The report states:
“In the Exploration Licence areas the highest uranium response is within E59/1264 in the
Mongers Lake drainage, centred at 6815500N, 534000E, one kilometre west of
Burnerbinmah Homestead. The zone extends over a length of 2.5 kilometres to the
southern boundary of E59/1264 with very high to high anomalous uranium values. Low
potassium and thorium responses from these areas confirm that the uranium responses
are from the Cainozoic alluvial material and not buried Archean granitic rocks covered by
the alluvium.”
The report considers this area to be an outstanding target due to the radiometric response
and favourable geological environment.
Drilling may be delayed until March/April due to the recent cyclonic weather experienced in Western Australia. Programmes and budgets for the Exploration Licences will be formulated by 31 January”
Be the first to comment