Basin Energy Limited (ASX: BSN) has commenced a detailed fixed-wing Falcon Airborne Gravity Gradiometer (AGG) survey at its Geikie Uranium Project, located on the eastern margin of the world-class Athabasca Basin in Canada.
Basin’s managing director, Pete Moorhouse, commented: “The first phase of drilling at Geikie identified a series of radiometric anomalies and has delineated significant alteration associated with regional structures – key ingredients for exploring Athabasca basement-hosted high-grade uranium.”
The purpose of the AGG survey is aimed to target areas of enhanced basement alteration associated with previously interpreted and drill defined structural corridors. The exploration potential of the current targets and broader project area is highlighted through the styles and significance of alteration observed in drilling at the Preston Creek and Aero Lake Prospects.
Specifically, the AGG survey is designed to identify potential areas where alteration intensifies adjacent to these structures and is a demonstrated successful technique in identifying uranium alteration systems in the Athabasca Basin. The survey will be completed by Xcalibur Multiphysics Group and will consist of 1,838-line kilometres on 200m line spacing.
“The Geikie Project is a geographically large area within an emerging uranium district, results from airborne gravity, coupled with the exciting results from our recent drill programme, will allow the rapid and cost-effective assessment of the Project over a broader scale.” Added Peter.
Overall, alteration patterns observed in drilling support airborne gravity as the optimum survey tool for the next phase of exploration; this technique has mapped similar basement hosted uranium alteration systems within the Athabasca Basin. Maiden drilling assays, gravity survey results, and interpretation expected in mid September, and the basin remains fully funded to complete follow-up work at Geikie with A$5.2M in cash reserves as at 30 June 2023.
To read more about this release, please visit www.basinenergy.com.au
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