Alligator Energy has announced that a helicopter-borne Sub-Audio Magnetics (HeliSAM) survey has “successfully refined current targets and identified new targets underneath sandstone cover” at their Tin Camp Creek Uranium Project. “The survey was undertaken to identify conductive rock units (low resistivity) in the target basement rocks that may be associated with unconformity uranium style mineralization. Preliminary results indicate that the survey technique has been successful in identifying basement conductive units underlying the Kombolgie Sandstone.... Existing targets have been more clearly defined and a number of unknown basement features have been identified which warrant further investigation.”
See the full release here.