The 2013 Phase 1 drilling program results have revealed the high grade uranium at the Gorrunghar prospect while the company begun Phase 2 drilling program.
The Phase 1 program involved 11 holes at Caramel Deposit and three holes at Gorrunghar prospect while Phase 2 drilling will consist of up to 3000m of RC and diamond drilling.
Alligator Energy aims to pursue large scale (>100Mlb) U3O8 deposit within the wider project area, during the Phase 2 drilling, and will target the Caramel East and the Orion North prospects.
Currently, Alligator is undertaking a non-renounceable rights issue from an R&D offset claim for 2012 to raise up to $912,506 and that it will receive $635,475.
