Multiple uranium anomalies identified in Northern Territory projects

Interpretation of geophysical data has uncovered multiple uranium and base metal targets.
Interpretation of geophysical data has uncovered multiple uranium and base metal targets.

Extensive uranium and base metal targets have been identified at Everest Metals’ (ASX: EMC) Georgina and Amadeus projects in the Northern Territory.

Resources Potentials was engaged to undertake modelling and interpretation of existing geophysical data over both projects with the data interpreted by specialist geophysical consultants.

The use of modern technology against the geophysical data revealed multiple prospective anomalies and exploration targets. While there were challenges due to the complicated geology, variable regolith and changing structural history at Georgina and Amadeus, high-priority target areas spanning 220km2 were identified.

Work at Georgina uncovered a 50km long radiometric target containing very large and high-amplitude uranium anomalies. A high gravity-low magnetic anomaly was also observed in the east that could be prospective for an iron ore target.

At Amadeus, geophysical data highlighted multiple base metal magnetic targets with the basement rocks containing elevated values of uranium and thorium.

Everest executive chairman Mark Caruso commented on the findings.

“EMC’s Northern Territory landholding has the potential to host multiple commodities and deposit types,” he said.

“The utilisation of modern technology to reinterpret historical geophysical data underscores the potential for uranium and sedimentary copper-lead-zinc mineralisation to be hosted within the Georgina and Amadeus projects.”

In the coming months, Everest Metals will prioritise targets for follow up work in Q3 2024.

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