Territory Uranium has begun a RC drilling program at the Quantum Uranium Prospect in the Pine Creek region of the Northern Territory of Australia.
The Quantum tenement is adjacent to, and geologically analogous to, Thundelarra Exploration’s recent high grade uranium discovery at Thunderball.
Drilling is in progress to follow up on recently reported intersections including Hole FEND10, 0.5m @ 4,244ppm U308 (0.42% U3O8 or 4.24kg/t U3O8) from 497.5m, 0.7m @ 829ppm U3O8 from 405.7m and 1.2m @ 600ppm U3O8 from 279.1m.
Drilling will also follow up on a 6.8m zone of gold, silver, bismuth and zinc mineralization noted in association with the uranium mineralization.
A total of 6-8 RC holes are planned for 1500m-2000m as an initial test with approximately 400m-500m of diamond tail planned to follow up in more promising areas.
Territory holds approximately 18,000sq km of prospective land package across 42 (27 under application) tenements in Australia.