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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: ALG
News: Latest news
Web Site: Alamar Resources
Other Articles: 04-11-2009

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Alamar Resources

Alamar Resources

Alamar Resources Ltd is a company formed to explore for and develop mineral resources. The Company is currently focussed on its Western Australian Mandilla Well and Aragon Joint Venture gold project, located in the highly prospective Yandal greenstone belt which hosts major gold deposits such as Bronzewing, Nimary – Jundee and Mt McClure.  The Company is also applying for Uranium exploration ground in Western Australia.
Wednesday, November 04, 2009

Alamar Resources joins the WA uranium exploration fold

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After a review of opportunities for uranium exploration in Western Australia in early 2009, Alamar Resources (ASX: ALG) has decided to focus on calcrete hosted deposits in the northeastern and central Yilgarn districts of the State.

From the review, the company has applied for a total of six exploration licences covering significant radiometric anomalies within paleo-drainage systems.

Areas now under application include:

- E36/723, a 42 square kilometre claim within the Yeelirrie paleo-channel, which hosts BHP’s Yeelirrie deposit, the
world’s largest known calcrete hosted uranium deposit
- E29/734 (won in a ballot), a 108 square kilometre claim hosting a 14km x 4km radiometric anomaly. The anomaly has been only partially tested by drilling, with several holes intersecting anomalous (+100ppm) uranium up to 1000ppm
- Four grass roots targets totalling approximately 400 square kilometres with little or no recorded previous
uranium exploration

Tony Worth executive director of Alamar said in a statement the company believes it will have a valuable portfolio of underexplored and highly prospective calcrete hosted uranium targets.

He said the company is currently reviewing its options for the advancement of these targets, as well as potentially acquiring additional uranium assets.

Western Australia is host to a number of well known calcrete hosted uranium deposits in Western Australia, such as Yeelirrie, Lake Maitland and Lake Way.

The company found an initial review of the radiometric responses of the known deposits in open file radiometric data found that virtually all known deposits have a recognisable signature in either the uranium (U) count or in a ratio of the uranium: thorium (U/Th) counts.

All of the tenements described are still in the application stage. Once granted, Alamar plans to undertake ground geophysical surveys and possibly drilling to test these targets.

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