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High-grade intersects cap Nabarlek drill program

Wednesday, August 10th, 2022

DevEx Resources is delighted that diamond drilling has intersected high-grade uranium mineralisation at its fully-owned Nabarlek Uranium Project, located in the heart of the world-class Alligator Rivers Uranium Province (ARUP) in the Northern Territory.

Diamond drilling at both the Nabarlek South and North Buffalo Prospects has struck significant zones of uranium adjacent to historical discoveries, highlighting the endowment and exploration upside of the brownfields Nabarlek Project.

Visual logging of the mineralised diamond core, supported by spot pXRF analysis, has identified the metal within a fault zone of fractures and veins within the dolerite over the reported intercept length.

These uranium-bearing fractures range in thickness from numerous microfractures through to narrow veins up to 4cm in thickness of massive uranium mineralization, lying within a broader chlorite-haematite-leucoxene alteration zone.

Nabarlek-type uranium deposits are known for their small but high-grade uranium footprint.

The mineralisation identified at both Nabarlek South and North Buffalo has significant potential to grow as drilling intensifies, encouraging DevEx to embark on an expanded drill program, in addition to the other targets already planned for 2022.

DevEx managing director Brendan Bradley said the 2022 drilling program at Nabarlek was off to a flying start, with the early success demonstrating the scale and quality of the opportunity in the highly-endowed uranium field.

“The historic Nabarlek uranium mine has shown that these high-grade deposits can exist within a lens of between 30m and 75m in length,” he said.

“We are very excited by these early results, which provide the basis for expanding the drill program with a second rig arriving shortly.”

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