Adavale Resources Limited (ASX: ADD) has applied for an exploration licence ELA 2023/00043, which is contiguous to and south of the company’s existing licence EL6821. The application area covers 591km2 which importantly includes a large recognizable alluvial outwash system shedding from the central part of the Flinders Ranges.
Adavale’s executive director, David Riekie, commented, “The Mundowdna South licence is a very strategic addition to Adavale’s current uranium exploration footprint in South Australia.”
It will enable the company to systematically explore the large palaeochannel system that extends north-west from the central part of the Flinders Ranges, which are considered to be the parental source of uranium occurrences in the region. The palaeochannel system, which is interpreted to extend over 40km, will be a focus of our exploration.”
The Mundowdna EL6821 licence was originally acquired based on the geological and geophysical similarities to Lake Surprise. The recent drilling by Adavale Resources at its Lake Surprise Uranium Project has identified uranium in the palaeochannel system.
Additionally, a desktop study using satellite imagery, regolith landform, and topographic data identified the palaeochannel system originates from the central northwestern edge of the Flinders Ranges and extends over approximately 40km.
Adavale has said that the contiguous licence footprint, which now encompasses the majority of palaeochannel system from the interpreted source in the Flinders Ranges to its termination at Mundowdna, provides the company the unique opportunity to systematically explore the entire system.
To find out more, please visit www.adavaleresources.com
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