Basin Energy Limited (ASX:BSN) has received positive results from high resolution airborne radiometric and magnetic survey data at its Geikie Project located near the eastern margin of the world-class Athabasca Basin, Canada.
Analysis of the Data has identified four additional high priority target areas deemed highly prospective for uranium mineralisation. In addition to this, two previously unrecognised structural corridors have been delineated further enhancing the prospectivity of the Geikie Project area.
The results further enhance the company’s initial analysis that the Project is highly prospective for near surface uranium mineralisation which remains completely untested. Given the results, Basin is now planning an aggressive exploration program with ground prospecting now underway.
A follow up project wide high resolution airborne electromagnetic survey is being fast tracked, with a contractor now secured for work to commence in November 2022. These works will further refine the drill targeting, allowing drill testing of the highest priority targets to commence in Q1 2023.
“The survey Data received for the Geikie Project is of exceptional quality and has provided a solid exploration foundation for further exploration of uranium at Geikie. The new Data is a significant enhancement of the historical dataset and has not only refined the initial areas of interest but also identified several previously unrecognised prospective zones within the license area,” Managing Director, Pete Moorhouse, said.
“We have a clear exploration pathway ahead of us, with field exploration underway and further geophysics scheduled to commence next month, culminating in maiden drilling in Q1 2023.”
Radiometric and Magnetic Data Results
High resolution radiometric and magnetic survey Data was acquired over the entire Geikie Project area. Survey lines were flown at 100 metres spaced, with 1,000 metre spaced tie lines. A total of 3,831-line kilometres of survey Data was collected, at a nominal flight height of 35 metres.
Overview
The objective of the programm3 was three-fold;
To utilise radiometric data as a targeting vector to refine areas of interest;
To aid with structural mapping as a direct targeting tool for identifying potential mineralising structural corridors; and
To act as a lithological mapping tool for refining the geological framework to identify favourable host mineralisation conditions.
Next steps – Geikie
A systematic exploration strategy has been developed for Geikie, with the expected pathway and timeline as follows:
- On ground follow up reconnaissance mapping and sampling of the high priority targets –
- Commenced
- Search, review and capture of any additional relevant historical data that has been completed in the Geikie region – Ongoing.
- Complete high resolution airborne electromagnetics, critical to the refinement of drill targets.
- Survey scheduled November 2022
- Diamond drilling – Proposed to commence Q1 2023
For further information please visit: https://basinenergy.com.au/
