The Conversation (0)
July 27, 2021
Elevate Uranium Limited ("Elevate", the "Company") (ASX:EL8) is pleased to announce that significant results have been received from an extensive airborne electromagnetic ("Airborne EM") survey flown over the Company's uranium tenements, in the Namib Area of Namibia.
- Significant results have been received from an extensive airborne electromagnetic ("Airborne EM") survey flown over the Company's tenements, in the Namib Area of Namibia.
- The Airborne EM identified additional expansive palaeochannel systems throughout the Namib Area, that cover an area of approximately 347 square kilometres, with a corresponding length of 280 kilometres.
- A total of 5,217 line kilometres were flown at a 250 metre line spacing, using a SkyTEM helicopter based system.
- The Company's exploration team will now design and undertake drilling programs to confirm the palaeochannel locations and the grade of uranium mineralisation. Due to the extensive area of these systems, the Company anticipates drilling programs will continue into 2022.
Elevate Uranium Managing Director, Murray Hill, commented: "The Airborne EM survey has produced outstanding results, identifying additional expansive palaeochannel systems throughout the Namib Area, that cover an area of approximately 347 square kilometres, with a corresponding length of 280 kilometres. This survey provides the Company with many additional exploration targets to explore, and the exploration team will now design and undertake drilling programs to confirm the palaeochannel locations and the grade of uranium mineralisation. Due to the extensive area of these systems, the Company anticipates drilling programs will continue into 2022."
Click here for the full ASX release
EL8:AU
INN Article Notification
30 March
Tezos RWA Ecosystem Expands with Launch of Metals.io
Having pioneered tokenized uranium ownership, developer teams in the Tezos ecosystem have turned their attention to driving access to precious and rare earth metals.Metals.io, a new application for investing in and trading tokenized commodities, is live in the Tezos ecosystem. Developed by a... Keep Reading...
19 March
$349k Government Funding To Fast-Track Sybella-Barkly
Basin Energy (BSN:AU) has announced $349k Government Funding To Fast-Track Sybella-BarklyDownload the PDF here. Keep Reading...
17 March
US Faces Dilemma Over Iran’s Buried Enriched Uranium
Iran’s stockpile of highly enriched uranium remains buried under damaged nuclear sites, leaving Washington and its allies facing a difficult choice: attempt to secure the material or risk it eventually being recovered.Abbas Araghchi, Iran's minister of foreign affairs, told CBS that the... Keep Reading...
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00