The Kalabity drilling marks the start of a 2010 Australian exploration program by Pancon and Crossland, which includes seven drill programs to be conducted across their Kalabity and Chilling/Charley Creek Projects in the Northern Territory.
Crossland said that the Kalabity drill program is aimed at establishing the grade, thickness and extent of uranium mineralization in the project’s Tabita Prospect and will consist of up to 1500mt of aircore drilling, approximately 75 shallow holes, and excavator trenching.
Geoff Eupene, CEO of Crossland Uranium Mines, said: “On our current available information, while Tabita appears to contain carnotite, the uranium vanadium mineral that is common in calcrete deposits, the prospect is not a calcrete channel deposit. The region around Tabita is on a slightly elevated area between streams, but the soils there carry gypsum, calcium sulphate.”
Earlier, Crossland’s work on the Tabita Prospect commenced in 2007 when it identified a 3km by 1km uranium geochemical anomaly within the Kalabity Project after completing an geochemical survey following an airborne radiometric and magnetic survey. The Tabita Prospect anomaly is located 3.5km northwest of the previously defined KR4 target.
Bedrock values of up to 140ppm uranium, above an anomaly threshold of 32ppm uranium, were obtained from a zone that remains open in all directions. Samples were taken on seven lines up to 500mt apart.
An auger drilling program in 2008 produced results from the Tabita anomaly including four drill sites returning bottom hole samples of over 200ppmU, with a highest of 235ppmU. Fifteen sites returned bottom hole values in excess of 100ppmU. The current drill program will determine if these uranium values increase at depth or laterally.
With the completion of this drill program, Pancon and Crossland will have earned a 60% interest in the Kalabity property.
