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Colin Hay

Javelin Minerals Limited (ASX: JAV) Javelin Minerals has identified an extensive uranium exploration target containing uranium mineralisation at the Stakeyard Well Uranium Prospect located within the central portion of the Mt Ida Project area in Western Australia.

A detailed data review was recently commenced by Javelin’s new Board on all its existing projects, included its 100%-owned Mt Ida Project in Western Australia. The aim of the review was to identify the potential for commercial scale mineral deposits from the available data on the company’s current projects. Following the initial findings at the Mt Ida Project Area, the company will evaluate the immediate opportunity to generate uranium targets for further exploration based on the uranium channel geophysics and the known identification of historical geochemical and drilling data.

“From the early results from the new Board’s technical review of the existing project portfolio, we are pleased to announce these positive results associated with the initial data review over the Mt Ida Project,” Javelin Executive Chairman Brett Mitchell said.

“The Board believe these results have highlighted potential for significant large tonnage low grade uranium mineralisation based on the historical exploration data within the extensive radiometric anomaly hosted within Lake Raeside. Based on the findings from this project data review, the company will refine our targets based on geophysics, geochemistry, geology and structural interpretation. This further supports on-going ground exploration to systemically explore this highly prospective area.

“We are confident in the potential for delineating uranium mineralisation at Mt Ida based on the available historical drilling results together with our understanding of the structural/lithological controls which host the uranium mineralisation within our surrounding neighbours. The recent work has given us the geophysical, lithological structural targets and trends known to previous explorers for immediate further evaluation.”

The Stakeyard Well Uranium Project is located in the central Eastern Goldfields region of WA approximately 580 kilometres northeast of Perth and some 60 kilometres west of the mining town of Leonora.

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