Sabre Resources (SBR) today announced it was set to start exploring for uranium at its Dingo and Lake Lewis projects in the Northern Territory.
The projects lie within uranium-vanadium exploration licences in the Ngalia Basin, with Dingo along-strike from Energy Metals’ (EME) Bigrlyi and Walbiri uranium-vanadium resources and Lake Lewis neighbouring the Napperby and Cappers resources.
At the Dingo project, Sabre plans to target sandstone-hosted uranium-vanadium mineralisation on the northern margin of the Ngalia Basin.
Meanwhile, at Lake Lewis, the company will target calcrete-style uranium-vanadium mineralisation hosted by palaeochannels analogous to the neighbouring resources.
Sabre CEO Jon Dugdale said these two projects gave the company access to key uranium-vanadium targets near existing high-grade resources.
“Our exploration programs are now set to commence with geophysical and rotary air blast (RAB)/aircore drilling programs to test for extensions and repeats of uranium-vanadium mineralisation at both the Dingo project and Lake Lewis,” Mr Dugdale said.
“This continues the company’s focus on high-grade brownfields targets where we can utilise geophysics to target drilling in areas of shallow cover then rapidly advance projects towards resource delineation.”
Sabre said it would first conduct induced polarisation surveys and magnetics work in the areas to define targets for follow-up RAB and aircore drilling.
This work will help define further exploration targets for future reverse circulation (RC) drilling in the area.
Meanwhile, Sabre will also continue to focus on its flagship Sherlock Bay nickel-copper-cobalt project in the Pilbara region of Western Australia.
Shares in Sabre Resources were trading grey at 0.6 cents at 11:37 am AEST.
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