EXPLORATION PROJECTS

Lake Namba Palaeovalley drainage system

There has been minimal exploration of the Lake Namba Palaeovalley and so far there have been no significant uranium discoveries lying within it. Consequently, geological data for this palaeovalley is limited and therefore the palaeovalley boundaries are not well defined, particularly in the south where drillholes are sparse.

The Lake Namba Palaeovalley lies between the Yarramba and the Billeroo West Palaeovalleys, both of which host significant uranium resources at Honeymoon and Goulds Dam respectively. On this basis, and considering that it drains similar uranium enriched bedrock to its east and is filled with similar channel sands, the Lake Namba Palaeovalley is considered to have similar prospectivity. In particular, the southern 30 km of the palaeovalley is poorly explored and represents a promising almost untested uranium target area.

A similar approach will be adopted as elsewhere with the proposed programme and budget directed towards systematic drilling and gamma ray wire-line logging designed to identify the key indicators of Honeymoon style uranium mineralisation.