Darlot Uranium Project
Lake Darlot occurs within the Company’s Darlot tenement package and is 140 km downstream and south east of the Yeelirrie deposit held by BHP Billiton. At Yeelirrie, carnotite mineralisation has precipitated within valley fill calcrete aquifers in response to changes in groundwater chemistry.
Darlot Project Tenements and Geology
Processing of multi-channel radiometric data has identified a concentration of uranium mineralisation along the northern and southern flanks of the Lake Darlot drainage system. The Company has collected soil samples west of Lake Darlot at Boundary Well and Salt Lagoon. The maximum uranium assay was 164 ppm U. The average uranium value returned from all soil sampling in E37/926 was 92 ppm U, whilst around 50% of the samples returned values of >100 ppm U.
The Salt River drainage system contains mapped calcrete deposits and overlies a north‐south trending greenstone belt. Enterprise believes that the Yalgoo Project uranium targets satisfy many of the criteria for the development of calcrete hosted uranium deposits such as Yeelirrie. Along with the Salt River prospect two other anomalies, at Muggaburna and Bunnawarra occur in the project area. These targets are now being assessed for follow up drill testing.
