Curated News
By: NewsRamp Editorial Staff
May 20, 2024
Alligator Energy Launches Drilling at Big Lake Uranium Project in South Australia
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GithubTLDR
- Alligator Energy Ltd CEO Greg Hall began drilling at the Big Lake Uranium Project, aiming to pinpoint northern extensions to prominent uranium formations.
- Wallis Drilling will complete up to 40 aircore holes on cross-sectional lines, spaced 50-200 metres apart and averaging 150 metres in depth to identify uranium presence.
- The project aims to potentially follow the Kazakhstan uranium-bearing basin model, with results expected in August or September to guide future drilling efforts.
- Historical drilling indicated uranium presence in thin bands, and the CEO is confident in the project's potential based on other global hydrocarbon-related uranium fields.
Impact - Why it Matters
The commencement of drilling at the Big Lake Uranium Project signifies a significant step forward for Alligator Energy Ltd in their efforts to explore potential uranium resources. This news is important for investors and stakeholders as it provides insight into the company's strategic exploration activities and the potential for future uranium production. Additionally, the results of the drilling program could have broader implications for the global uranium market and energy industry.
Summary
Alligator Energy Ltd CEO Greg Hall announces the commencement of drilling at the Big Lake Uranium Project in South Australia’s Cooper Basin. The company has contracted Wallis Drilling to complete up to 40 aircore holes to pinpoint northern extensions to prominent uranium formations. Results from the program are expected to guide more targeted drilling efforts later in 2024 or early 2025.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Alligator Energy Launches Drilling at Big Lake Uranium Project in South Australia
