Proactiveinvestors recommends

Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	ALG

1 year chart

1 day chart

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.

Alamar Resources joins the WA uranium exploration fold

Wednesday, November 04, 2009

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.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.