Greenvale Energy Ltd (ASX: GRV, “Greenvale” or “the Company”) is happy to advise it has acquired a 100% curiosity within the superior excessive grade Oasis Uranium undertaking. The Oasis deposit and related regional uranium anomalism are contained with EPM 27565 which cowl 53 subblocks over an space of 90 km2 and situated 250 km west of Townsville and 50 km west of Greenvale in FNQ (Determine 1). The undertaking space is situated solely throughout the Lynd Station pastoral land. The corporate has acquired the 100% curiosity from the distributors Maverick Exploration Pty Ltd, Remlain Pty Ltd and Mineral Intelligence Pty Ltd (equal 1/3 every curiosity) for a consideration of $200,000 money and the problem of 20 million Greenvale shares.
Oasis was found in the course of the Nineteen Seventies uranium exploration push by Worldwide corporations , most notably Esso whose subsequent work (1977-1979) outlined excessive precedence targets with solely the Oasis deposit drill examined so far Oasis happens alongside a construction related to a significant crustal terrane boundary. (Lynd Mylonite Zone). The metamorphic host rocks, voluminous granite and leucogranite and deformation historical past share lots of the traits that may be interpreted as Intrusive (Alaskite) model of uranium mineralisation . That is an thrilling risk, if additional exploration continues to strengthen the analogy with world class uranium mines just like the Rossing, Namibia.
Highlights:
- Greenvale acquires 100% curiosity in EPM 27565, protecting 90 km2 of fault sure alkaline intrusive and metamorphic terrane which incorporates the excessive grade Oasis uranium deposit and eight extra excessive precedence uranium targets
- Airborne radiometric uranium anomalies had been situated by Anglo American in 1973, Esso accomplished main on floor work 1977-1979 1nd drilled 46 holes (32 diamond, 14 percussion) for a complete of 4755 m. Esso outlined excessive grade major uranium mineralisation over a 300m strike size and 200m vertical depth. Mineralisation stays open at depth and presumably alongside strike.
- 4 due diligence diamond drill holes accomplished in 2006 by Glengarry Assets validated the historic Esso knowledge and confirmed steady excessive grade mineralisation with intercepts as much as 1m @ 0.72% U3O8 (15.8 lbs/t).
- Oasis shear is interpreted to increase undercover for an additional 1.5Km to the north and stays untested for extensions to mineralisation.
- Historic radiometric and magnetic knowledge recognized massive zones of structurally managed anomalism which stay untested by drilling
- Most lately Terra Search Pty Ltd reprocessed and interpreted the historic geophysical knowledge figuring out 9 precedence Uranium anomalies over a 10km strike size adjoining to ,, and apparently emanating from the foremost terrane boundary delineated because the Lynd Mylonite Zone.
- Geoscience Australia (GA) have age dated Oasis Uraninite and related alteration sericite which has decided a mineralisation age of 433 +/-4 Ma. This Silurian date coincides the uranium mineralisation with the foremost interval of felsic plutonism current throughout the area. It additionally strengthens the affiliation of the intrusive our bodies of the age within the space that are the doubtless drivers of the U mineralization. The recording of alaskite intrusives of comparable age , together with different options such because the mineralisation occurring in shear hosted structural niches inside tightly folded excessive grade metamorphism related to chlorite- biotite alteration, once more strengthens the intrusive associated ”Alaskite mineralization model” analogy.
- This latter level could possibly be extremely important as Alaskites account for round 10% of world Uranium reserves and are typically massive, reasonable grade deposits, probably the most placing instance being Rossing, Namibia.
Determine 1. Location Oasis undertaking
The acquisition of Oasis provides appreciable weight to Greenvale’s portfolio of Uranium exploration initiatives and is predicted to be quickly upgraded to useful resource standing in the course of the 2025 exploration season.
Venture Geology and Mineralisation
Geology inside EPM 27565 is dominated by structurally advanced combination of intrusive granitic and metamorphic rocks of Proterozoic, , Ordovician and Silurian Age with latest age courting of uraninite from the Oasis deposit recording a Silurian age. The Lynd Mylonite Zone is a dominant structural function which strikes north north-east by means of the centre of the exploration allow. A number of faults and fractures splaying off the western facet of the mylonite seem to manage the distribution of in depth zones of uranium anomalism together with the Oasis deposit. The granitic-metamorphic terrane internet hosting the uranium mineralisation is bounded 10km’s to the east by the Far East Mylonite Zone which strikes parallel to the Lynd Mylonite Zone
Determine 2. Simplified Regional Geology
Earlier Exploration
Uranium potential was first recognized by Aust Anglo American in 1973-74 from airborne radiometrics adopted up by floor radiometrics, mapping and trenching. Three clusters of anomalies had been recognized on the western facet of the Lynd Mylonite Zone together with the Oasis anomaly. From 1977-1979 Esso Minerals carried out floor radiometrics, mapping and auger drilling previous to finishing 34 diamond drill holes and 14 percussion holes on the Oasis prospect. Esso drilling outlined a steady zone of excessive grade mineralisation of various thickness over a 300m strike size and 200m vertical depth (Desk 1). The mineralisation remained open alongside strike and at depth. No additional work was undertaken at oasis or different prospects.
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