(ASX: AGE) has started exploration drilling of 5000 metres on its Tin Camp Creek Uranium project in the Northern Territory.
This will focus on a zone to the north and south of the Caramal uranium resource that Alligator's geologists have identified as conforming to the company?s uranium mineralisation model.
The same model had been validated during last season's work, which led to the announcement of a JORC resource of 6.5 million pounds of contained U3O8, or 944,000 tonnes at 3100 parts per million.
This had also provided the company with a fresh insight into uranium mineralisation in the zone and gave important vectors for targeting the 2012 drilling.
Drilling is planned for the 7 kilometre strike from north of Caramal to South Horn as well as a target area 6 kilometres north of Caramal.
The Caramal deposit and prospect is one of the more significant occurrences of uranium mineralisation in the Alligator Rivers region outside of the Ranger-Jabiluka mining camp.
The deposit was discovered in 1971 by Queensland Mines Ltd which undertook the initial resource drilling program. Significant uranium mineralisation has been identified in 20 drill holes.
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