The Eyre Formation hosts the nearby Honeymoon uranium mine, while the Namba hosts two of SA’s other major uranium developments at the Beverley and Beverley Four Mile sites.
This new data will augment existing high resolution gravity data acquired on parts of the Junction Dam Tenement by Teck and on Marmota Energy’s adjacent Mulyungarie project. The data on Mulyungarie was successfully used to define an interpreted tributary of the Yarramba palaeochannel. Multiple occurrences of uranium have been intersected by Marmota Energy on the adjacent Mulyungarie project, including what is believed to be the tail of a potential roll front uranium deposit. Further drill testing of the channel system, particularly on the south western part of Junction Dam immediately adjacent to Mulyungarie, is scheduled to commence on October 19, 2009.
Marmota Energy earning 51% under joint venture agreement with Teck Australia Pty Ltd (Teck), PlatSearch NL and Eaglehawk Geological Consulting Pty Ltd.
