Vimy Resources Limited (ASX:VMY) has commenced a resource extension drilling program at its 100%-owned world-class Angularli deposit, part of the Alligator River project in the Northern Territory.
Vimy holds the largest granted exploration tenure package within the Alligator River Uranium Province, 1,701 km2, and is actively exploring for high-grade unconformity-related uranium deposits similar to those found in the Athabasca Basin. The Alligator River project has multiple uranium targets, with Angularli being the most advanced deposit and the focus of the company’s exploration effort.
The Angularli deposit lies about 380km by road east-northeast of Darwin.
The drill program will test extensions of the Angularli deposit at depth, up-dip and uranium-bearing structures to the north and west of the defined Mineral Resource. Drilling of 19 diamond holes is proposed with the potential for an additional six holes depending on results.
The drill program is expected to be completed over the next four months. The proposed collar locations are summarised below:
- Angularli Up-dip (3 diamond drill holes, average depth of 350m)
- Angularli Deeps (4 diamond drill holes down plunge, average depth of 450-550m)
- Angularli South (3 diamond drill holes, average depth of 300m)
- Angularli West (7 diamond drill holes, average depth of 450m)
- Angularli North (2 diamond drill holes, average depth of 200m)