Eclipse Metals Limited (ASX: EPM) has sourced previously unavailable airborne geophysical survey data over the Devil’s Elbow Prospect and surrounding in the Northern Territory of Australia.
Acquired from Cameco Australia, the geophysical and geological data was collected during their tenure in West Arnhem Land between 2002 and 2009.
Executive Chairman, Carl Popal, said Eclipse now hold a significant database of geophysical and other data over the Devil’s Elbow tenement and surrounds and have commenced systematic filtering and analysis of these data.
Eclipse plan to analyse the data in light of the advances in geophysical methods and data analysis since the period of data acquisition between 2002 and 2009 to identify potential drill targets.
Work to date has highlighted very strong uranium channel targets proximal to the known Devil’s Elbow U-Au-Pd prospect and within the south-west portion of the licence area, all of which remain unexplored.
In conjunction with identification of newly generated drill targets, the company is comparing radiometric anomalies within the exploration licence area with the radiometric response characteristics of known world class uranium mines and mineralised prospects within the Alligator Uranium Fields.
Mr Popal said acquisition of these new data-sets will greatly enhance the company’s preparation for the next phase of exploration and offsets the immediate need for substantial expenditure until further ground surveys are required to progress detailed exploration.
“These data sets are not only a great saving against future exploration costs but should also fast track a better targeted drilling programme, Mr Popal said.
“Our competent technical team members are well focused on the new data at hand, working together during the COVID-19 Pandemic.
“The safety of our team remains paramount while we continue to monitor and observe the various government guidelines that may affect company activities. Eclipse’s team is networking remotely to formulate a targeted drilling program from the voluminous new data at hand. The company is aiming to be well prepared for the upcoming exploration field season if practicable.”
“In these difficult times, the company’s technical team is collaborating remotely to assess the extensive data now at hand to prepare for a well targeted drilling programme.